We took a look and found that it really does still come down to location, amenities, and maybe even a little luck in finding more bang for your buck.
in the Cleveland area now close to $1,050 a month, the question arises, what do you get for $1,050 a month in today’s market?
Do you want 600 square feet in a luxury condo downtown? Or do you prefer to spread out over a half of a two-story duplex in Cleveland Heights? Those are among the options we found in that price range in surveying listings across Cuyahoga County. Cleveland’s median of $1,050 a month is running about $1,000 below the national median, according to the rental tracking website Dwellsy, after a 1.4% increase in the last year locally in comparison to a 31% spike nationally.
“Cleveland is doing really well in terms of rent increases, a much more renter friendly market than most places across the country,” said Jonas Bordo, chief executive officer of Dwellsy. As to the details, Bordo noted, “The relationship between the place and the person is important, but so are the neighborhood characteristics. ... Sometimes they are different on a block-by-block basis.” Being close to a row of stores and restaurants, as well as being located near a transit hub, are among the key factors, Bordo said.Downtown ClevelandOne-bedroom, one-bath measuring 593 square feet in a 16-story luxury apartment building near Playhouse Square. Cats and dogs are allowed.
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