Rents are 2% below what Parma's 10-year trend predicts — a better deal than its own history suggests.
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 $1,263 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
March. Asking rents in Parma usually run 0.4% below trend in March and 0.7% above it in June, about $14 a month apart at today's median. Based on 8 years of data.
Rent in Parma is at its highest level since Zillow's records here began in March 2018.
Rent in Parma changed +9.4% over the year to September 2026. Across the 93 Ohio cities Zillow tracks, the typical change was +4.3%.
From 2019 to 2024, rent in Parma rose 47.2% while median household income rose 21.3% ($57,120 to $69,295). Rent outpaced income.
Rent in Parma is 63.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($69,295) is $1,732 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,635); a 4-bedroom is $1,750.
Brookpark, 6 miles away, rents for 11% less ($1,125/mo), about $1,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Parma. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. 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
Parma, OH is majority owner-occupied, 24.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Parma, OH has changed in 5 years
Compared with 2021, rent in Parma, OH has climbed by $377 per month, settling near $1,263 after starting the period at $886. 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 28.2 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.
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At $1,263/mo, how Parma rent compares to typical pay (30% rule).
Parma rent by bedroom count
Median rent for each apartment size in Parma. Click any size for full breakdown.
Tips for renters in Parma
Last updated: October 17, 2026
The median rent in Parma is $1,263/mo as of October 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 22% of local median household income ($69,295/yr), Parma ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Parma?
At $1,263/mo, rent takes ~22% of Parma's median household income ($69,295/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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