Sheffield Lake, Ohio Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Sheffield Lake, Ohio rental market.
Sheffield Lake, Ohio
Average Apartment Rent
$1,869
Y-o-Y Change in Average
Apartment Rent
11.9%
As of May 2026
Compared to a year ago, Sheffield Lake, Ohio apartments have recorded a 11.9% rent increase.
Sheffield Lake, Ohio Average apartment rent trend
Sheffield Lake, Ohio Average Apartment Rent
Sheffield Lake, Ohio Apartment rent ranges
At 45.01%, apartments priced $1,500 - $2,000 represent the bulk of Sheffield Lake, Ohio rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.11%.
Sheffield Lake, Ohio Housing tenure**
Renters take up 24% of Sheffield Lake, Ohio real estate, occupying a total of 975 units, while homeowners live in 3,172 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$54,474
Average household size of renter-occupied housing units**
2.01
Rental vacancy rate**
9.7%
Sheffield Lake, Ohio Renter-occupied housing units by no. of bedrooms**
There are 479 rentals in Sheffield Lake, Ohio with 1 bed making up the highest share of the market, at 49%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 11 units. Overall, the median number of rooms in Sheffield Lake, Ohio homes for rent is 3.9.
Sheffield Lake, Ohio Renter-occupied units by age of householder**
Most condos for rent in Sheffield Lake, Ohio are occupied by residents in the 35 - 44 years age group (36%), followed by those in the 25 - 34 years age group (31%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Sheffield Lake, Ohio Renter-occupied housing units by family type**
Sheffield Lake, Ohio Renter-occupied housing units by the presence of own children**
A total of 420 apartments for rent in Sheffield Lake, Ohio, or 43% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 276 units. All in all, the median size of a renter-occupied household in Sheffield Lake, Ohio is 2.01.
Sheffield Lake, Ohio Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 41% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Sheffield Lake, Ohio.
Sheffield Lake, Ohio Renter-occupied units by year structure built**
The highest share of Sheffield Lake, Ohio apartment rentals, namely 40% or 394 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (32%, 311 units), and the ones Built 1950 - 1959 (11%, 105 units).
Sheffield Lake, Ohio Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Sheffield Lake, Ohio renters (35%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Sheffield Lake, Ohio condos for rent is 2017.
Sheffield Lake, Ohio Renter-occupied housing units by vehicles available**
When it comes to transportation options, 63% of Sheffield Lake, Ohio renters have 1 vehicle available per household, 18% of them have 2 vehicles available, and 13% have 3 or more vehicles available.
Sheffield Lake, Ohio Means of transportation to work of householders living in renter-occupied housing units**
Sheffield Lake, Ohio Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Sheffield Lake, Ohio apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
