Rents are 7% 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 $1,373 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: August 17, 2026
Is your rent fair?
Compare your rent to the local median.
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 $313 per month, settling near $1,373 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 15.1 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.
Discussions about Parma
No discussions yet. Start the conversation.
Can you afford rent in Parma on your salary?
At $1,373/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: August 17, 2026
The median rent in Parma is $1,373/mo as of August 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 4.8% over the past year.
Frequently asked questions
Is Parma an affordable city for renters?
How much income do you need to rent in Parma?
Is rent going up or down in Parma?
Which Parma neighborhoods have the lowest rent?
How does Parma rent compare to other cities in Ohio?
Which nearby cities are cheaper to rent in than Parma?
What percentage of Parma residents rent vs. own?
How does Parma rent compare to the national average?
At $1,373/mo, rent takes ~24% of Parma's median household income ($69,295/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Estimated from ZIP-level data
Be the first to submit your rent for Parma.
No discussions yet.
