At $2,185/mo, rent takes about 25% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,185 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Beachwood is at its highest level since Zillow's records here began in February 2023.
Rent in Beachwood changed +4.6% over the year to September 2026. Across the 93 Ohio cities Zillow tracks, the typical change was +4.3%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($106,748) is $2,669 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,068); a 3-bedroom is $3,082.
Shaker Heights, 2 miles away, rents for 17% less ($1,822/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Beachwood. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Beachwood, OH is roughly split between renters and owners, has a large retiree population, has a median income above the national average, 65.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Beachwood, OH has changed in 5 years
Across the past five years, the going rent in Beachwood, OH has shifted from $1,932 to $2,185, up 13.1% since 2023. Median household income climbed from $94,274 to $106,748 between 2021 and 2024, a 13.2% shift. The renter share has risen from 41.4% to 46.3%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in Beachwood, OH reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Beachwood on your salary?
At $2,185/mo, how Beachwood rent compares to typical pay (30% rule).
Beachwood rent by bedroom count
Median rent for each apartment size in Beachwood. Click any size for full breakdown.
Tips for renters in Beachwood
Last updated: October 17, 2026
The median rent in Beachwood is $2,185/mo as of October 2026. a 2-bedroom runs $2,068/mo. One-bedroom apartments average $1,873/mo and 3-bedroom units go for $3,082/mo.
At 25% of local median household income ($106,748/yr), Beachwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.
Frequently asked questions
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Is rent going up or down in Beachwood?
How does Beachwood rent compare to other cities in Ohio?
Which nearby cities are cheaper to rent in than Beachwood?
At $2,185/mo, rent takes ~25% of Beachwood's median household income ($106,748/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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