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Rent Tracker
The average asking rent in Cleveland, OH is $1,419/month as of 2026-03. That is +4.6% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,419/mo
as of 2026-03
Year-over-Year Change
+4.6%
Monthly ZORI index values for Cleveland, OH.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,419 | +0.07% |
| 2026-02 | $1,418 | +0.71% |
| 2026-01 | $1,408 | +0.50% |
| 2025-12 | $1,401 | +0.21% |
| 2025-11 | $1,398 | +0.22% |
| 2025-10 | $1,395 | +0.50% |
| 2025-09 | $1,388 | +0.43% |
| 2025-08 | $1,382 | +0.22% |
| 2025-07 | $1,379 | +0.29% |
| 2025-06 | $1,375 | +0.44% |
| 2025-05 | $1,369 | +0.59% |
| 2025-04 | $1,361 | +0.29% |
| 2025-03 | $1,357 | +0.59% |
| 2025-02 | $1,349 | +0.00% |
| 2025-01 | $1,349 | +0.67% |
| 2024-12 | $1,340 | +0.53% |
| 2024-11 | $1,333 | +0.53% |
| 2024-10 | $1,326 | +0.23% |
| 2024-09 | $1,323 | +0.08% |
| 2024-08 | $1,322 | +0.30% |
| 2024-07 | $1,318 | +0.61% |
| 2024-06 | $1,310 | +1.00% |
| 2024-05 | $1,297 | +0.86% |
| 2024-04 | $1,286 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report