Cleveland-Elyria vs Laredo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 21% cheaper for renters. A 2-bedroom rents for $698/mo vs $844/mo in Cleveland-Elyria — saving $1,752/year.
Rent by Unit Size
| Unit Size | Cleveland-Elyria | Laredo | Difference |
|---|---|---|---|
| Studio | $566 | $463 | $103 |
| 1 Bedroom | $677 | $552 | $125 |
| 2 Bedrooms | $844 | $698 | $146 |
| 3 Bedrooms | $1,081 | $851 | $230 |
| 4 Bedrooms | $1,197 | $966 | $231 |
| Median Income | $59,020 | $40,343 | $18,677 |
Cleveland-Elyria
- Studio
- $566/mo
- 1 BR
- $677/mo
- 2 BR
- $844/mo
- 3 BR
- $1,081/mo
- 4 BR
- $1,197/mo
- Median Income
- $59,020/yr
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/yr
Frequently Asked Questions
Is Cleveland-Elyria or Laredo cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $844/mo in Cleveland-Elyria. That's $146/mo or $1,752/year more expensive in Cleveland-Elyria (21% higher).
What is the 2-bedroom rent in Cleveland-Elyria vs Laredo?
The HUD Fair Market Rent for a 2-bedroom in Cleveland-Elyria is $844/month. In Laredo, a 2-bedroom FMR is $698/month.
How do incomes compare between Cleveland-Elyria and Laredo?
The median household income in Cleveland-Elyria is $59,020/year. In Laredo it is $40,343/year. Cleveland-Elyria has the higher median income.
What is the studio rent in Cleveland-Elyria vs Laredo?
A studio apartment Fair Market Rent in Cleveland-Elyria is $566/mo. In Laredo it is $463/mo.