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City Report · OH

Parma

Pop. 79,870·75th most expensive in Ohio·One of the most affordable rental markets in the US
Median rent (all units)
$1,402/mo
Year-over-Year
-3.3%
Month-over-Month
+6.7%
vs US Median
-$563
Rising (Monthly)
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Most AffordableMost Expensive
Parma · $1,402
More affordable than 82% of US cities · National median $1,965/mo
Rent Reality Score
57/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Parma's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,402/mo
Expected by trend
$1,453/mo
The Rent Reality Score compares today's median rent to where Parma's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$925
1 BR
$1,045
2 BR
$1,270
3 BR
$1,635
4 BR+
$1,750
Research median
$1,270/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$16,824/yr
At $1,402/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-3.3% YoY, +6.7% MoM), not inventory.
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Demographics

Who lives here

Parma, OH is majority owner-occupied, 24.4% of residents hold a bachelor's degree or higher.

Population
79,870
Median income
$69,295
Median age
42.4
Renters
27.6%
Age distribution
17.4%
24.4%
23.7%
14.6%
19.8%
Under 1817.4%
18–3424.4%
35–5423.7%
55–6414.6%
65+19.8%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
80.9%
White80.9%
Black5.5%
Hispanic8.4%
Asian3%
Other2.1%
Education (25+)
35.4%
32.2%
24.4%
No HS diploma7.9%
HS diploma35.4%
Some college32.2%
Bachelor's+24.4%
Housing tenure
72.4%
27.6%
Owner72.4%
Renter27.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Parma, OH has changed in 5 years

Rent
$1,060 → $1,402
up 32.3%
Income
$60,590 → $69,295
up 14.4%
Population
80,880 → 79,870
down 1.2%
Renter share
28.8% → 27.6%
-1.2 pts
Bachelor's+
22.7% → 24.4%
+1.7 pts

Compared with 2021, rent in Parma, OH has climbed by $342 per month, settling near $1,402 after starting the period at $1,060. On the earnings side, the typical household in Parma, OH now reports about $69,295, up from $60,590 in 2021. Rent outpaced income growth by roughly 17.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 80,880 to 79,870 between 2021 and 2024, a 1.2% change. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Parma, OH reflects that arc in its own way.

Community

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View Parma rent history (2015–2026) →
Salary vs rent

Can you afford rent in Parma on your salary?

At $1,402/mo, how Parma rent compares to typical pay (30% rule).

By apartment size

Parma rent by bedroom count

Median rent for each apartment size in Parma. Click any size for full breakdown.

Local insights

Tips for renters in Parma

About renting in Parma, OH

Last updated: July 20, 2026

The median rent in Parma is $1,402/mo as of July 2026. A studio apartment averages $925/mo while a 2-bedroom runs $1,270/mo. One-bedroom apartments average $1,045/mo and 3-bedroom units go for $1,635/mo.

At 24% of local median household income ($69,295/yr), Parma ranks as affordable compared to the national benchmark of 30%. Rents have decreased 3.3% over the past year.

FAQ

Frequently asked questions

Is Parma an affordable city for renters?

Parma is considered very affordable for renters. At $1,402/mo, rent takes approximately 24% of the local median household income ($69,295/yr). The standard benchmark is 30%. Parma falls comfortably within that range.

How much income do you need to rent in Parma?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,402/mo in Parma. The local median household income is $69,295/yr, meaning the typical Parma household meets that threshold.

Is rent going up or down in Parma?

Rent in Parma has decreased 3.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Parma neighborhoods have the lowest rent?

The most affordable ZIP codes in Parma are 44129 ($1,327/mo), and 44134 ($1,611/mo). Citywide, the median rent in Parma is $1,402/mo.

How does Parma rent compare to other cities in Ohio?

Parma is middle-of-the-pack for Ohio for rent, ranking #75 out of 128 tracked cities at $1,402/mo.

Which nearby cities are cheaper to rent in than Parma?

Parma Heights is nearby and more affordable at $1,276/mo, which is $126 less than Parma.

What percentage of Parma residents rent vs. own?

According to Census data, approximately 27.6% of Parma households are renters, while 72.4% are owner-occupied. Parma leans toward homeownership, which can mean a smaller rental inventory.

How does Parma rent compare to the national average?

Parma's median rent of $1,402/mo is $563 (29%) below the US national median of $1,965/mo. Within Ohio, it ranks #75 out of 128 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,402/mo, rent takes ~24% of Parma's median household income ($69,295/yr). The standard benchmark is 30%.

Parma 24%Benchmark 30%
State income tax2.75–3.5%
Run the Parma affordability calculator →
Lowest-rent ZIP codes in Parma
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Parma, OH

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