Cleveland Short-Term Rentals: April 2025 Market Outlook
Cleveland short-term rentals are quickly becoming an appealing option for both investors and travelers alike. With the city’s robust event calendar, vibrant neighborhoods, and nationally recognized destinations like the Rock & Roll Hall of Fame and the renowned Cleveland Museum of Art, vacation demand in Cleveland is rising. As new visitors explore everything from lively food festivals to the beauty of Lake Erie, the market for Cleveland vacation rentals continues to expand, creating unique opportunities for real estate investors.
Quick Takeaways
- Total Active Listings: Strong, with ample options for guests
- Average Daily Rate (ADR): $144 in April 2025
- Occupancy Rate: 53.8%, indicating steady demand
- YOY Revenue Growth: From $1,521 to $1,668.50
- Cancellation Flexibility: Mix of flexible, moderate, and strict policies
- Strategy Tip: Target shorter stays and peak seasons for maximum returns
April 2025 Performance Snapshot
Cleveland’s short-term rentals generated promising results in April 2025. The average daily rate was $144, indicating healthy pricing. Occupancy stood at 53.8%, showcasing steady demand. Total revenue reached $1,706, reflecting consistent performance. These metrics highlight opportunities for investors seeking reliable income streams. In the following analysis, we’ll explore what’s driving these trends and how they can shape future investments in Cleveland’s vibrant rental market.
Seasonality and Predictable Booking Patterns
Cleveland’s quarterly booking data reveals a consistent pattern of heightened demand during peak seasons, with notable increases in booked nights in Q2 and Q3, signaling strong summer travel. The gradual decrease in bookings towards Q4 indicates predictable seasonality, aligning with known tourist cycles. Steady availability throughout the year suggests ample lead time for bookings, providing investors with opportunities to optimize occupancy during high-demand periods. Overall, these trends underscore Cleveland’s resilience as a short-term rental market, with predictable seasonal peaks that can be leveraged for strategic positioning and revenue growth.
Performance Trends and Revenue Growth
From April 2024 to March 2025, ADR decreased slightly from $151.21 to $138.08, while occupancy increased modestly from 46.7% to 52.4%. Revenue rose overall, from $1,521 to $1,668.5, despite some fluctuations. The trend shows a recovery in occupancy and revenue, though ADR remains somewhat flat or declining recently. This suggests a positive outlook as demand stabilizes, and revenue momentum hints at further growth ahead.
Booking Strategies and Guest Preferences
Cleveland hosts display a balanced mix of flexible, moderate, and strict cancellation policies, indicating diverse guest profiles. The predominance of 1- to 6-night minimum stays suggests high seasonal demand and strong transient travel. Investors should consider offering flexible options to attract short-term visitors, especially during peak seasons, and target shorter-stay travelers to maximize occupancy and revenue potential.
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Explore Cleveland’s Vacation Rental Scene
With year-round attractions like Cleveland Metroparks Zoo and the bustling West Side Market, vacation rentals in Cleveland are poised to capture growing visitor interest. If you’re curious about available options or want to see how your competition is performing, you can explore stays in Cleveland to get a sense of pricing, amenities, and guest trends.
Conclusion: Cleveland’s STR Market Poised for Growth
The market for short-term rentals in Cleveland is showing sustained momentum, with data-backed opportunities for savvy investors. As tourism grows and booking patterns become ever more predictable, there’s never been a better time to explore or expand your Cleveland STR portfolio. For more insights on STR investing in Cleveland and to stay updated about monthly market trends, subscribe to our newsletter below!
