Cleveland, Ohio Short-Term Rental Market
Cleveland's new 10% density cap looms as September 2026 STRs average $160 ADR, 61.9% occupancy, $2,730 monthly revenue.
Quick Answer: Cleveland, Ohio is an active short-term rental market. average occupancy in the Cleveland market area is 62%. average monthly revenue in the Cleveland market area is $2,730. average daily rate in the Cleveland market area is $160. the top operator in the Cleveland market area is HomeHop with 72 listings. market score is 93/100 (grade A).
Market data reflects the wider Cleveland market, which covers 5 areas. Regulations, taxes, and permit details below are specific to Cleveland.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
This profile covers the Cleveland area STR market through September 2026. In that month, the average short-term rental earned an average daily rate (ADR) of $160 at 61.9% occupancy, producing about $2,730 in monthly revenue. Compared with a year earlier, occupancy is up 10.8%, ADR is up 5.7%, and revenue is up 13.3%, so the gain came from both more booked nights and higher rates. Entire-home listings average $179 per night, while the all-listings figure of $160 includes private and shared rooms.
The Cleveland area STR market tracks 5,918 listings. Entire places make up 5,045 of them (85.3%), private rooms account for 861, and shared rooms for 12. By bedroom count, one-bedroom units lead with 2,397 listings, followed by 1,748 two-bedroom units, 1,094 three-bedroom units, 439 four-bedroom units, and 221 five-bedroom units. On channels, 3,378 listings are on Airbnb only, 252 are on Vrbo only, and 2,288 are listed on both platforms.
Demand has a broad base. Destination Cleveland reports a record 18.6 million visitors to Northeast Ohio in 2024, who spent $6.9 billion directly. About 58% were day-trippers and 42% stayed overnight. Business travel grew 7% year over year, with more than 300 meetings and conventions bringing roughly 208,000 attendees. Leisure demand centers on the Rock & Roll Hall of Fame, West Side Market, the Cleveland Museum of Art, and professional sports.
Annual figures show steady improvement. Average monthly revenue rose from $2,233 in 2024 to $2,365 in 2025, and the nine months of 2026 so far average $2,576 at 61.9% occupancy and a $148 ADR. Investors should weigh this against regulation: the city enacted a dedicated STR ordinance in June 2026 that includes a 10% density cap, covered in the regulatory section below.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 47% |
| Feb | 55% |
| Mar | 55% |
| Apr | 56% |
| May | 61% |
| Jun | 68% |
| Jul | 70% |
| Aug | 67% |
| Sep | 60% |
| Oct | 59% |
| Nov | 55% |
| Dec | 53% |
Month-by-month nightly rates and revenue figures for Cleveland are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Cleveland market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Cleveland market as a whole, which includes Cleveland, so these counts are not Cleveland-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | HomeHop | 72 | 3,247 | ★ 4.82 |
| 2 | AMH Rental Properties | 67 | 4,974 | ★ 4.88 |
| 3 | Evolve | 61 | 1,552 | ★ 4.56 |
| 4 | One Stone Property Group | 60 | 3,837 | ★ 4.76 |
| 5 | Hostpros, LLC | 57 | 6,564 | ★ 4.81 |
What Kind of STR Should I Buy in Cleveland?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Cleveland are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 57.1% |
| vrbo | 4.3% |
| both | 38.7% |
Home Value Trends (Cleveland)
Typical home values, median sale prices, and the 10-year price trend for Cleveland are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Cleveland — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Short-term rentals are permitted in Cleveland, but the rules are tightening. In June 2026 City Council passed a dedicated STR ordinance that takes effect after a 180-day delay. It could still be affected by Ohio preemption bills HB 109 and SB 10.
Until then, operators must register annually with the Department of Building & Housing and obtain a Certificate Approving Rental Occupancy. The registration fee is $70 per unit, due by March 31, and units must pass interior and exterior code inspections. Operating without the certificate can trigger civil or criminal enforcement. Cleveland defines an STR as a residential unit rented for stays under 30 days and more than 91 days per year.
The new ordinance creates a dedicated STR license with a $150 annual fee. It requires a local contact reachable within one hour and at least $300,000 in liability insurance. It caps STRs at no more than 10% of residential units on a block or within a multi-unit building, lowered from the 15% in the originally introduced version. It also sets occupancy limits, allows license revocation after three or more nuisance incidents in a year, and sets penalties of $1,000 to $5,000, with a grandfather clause.
Primary residence is required, and industry guides report an expectation that the host live in the home more than 51% of the year. The city’s rental registration page does not spell out STR-specific primary-residence rules, so confirm with the city.
The City of Cleveland levies a 3% transient occupancy tax on stays under 30 days. Enforcement severity is rated moderate.
Market Comparison
The Cleveland area STR market pairs solid occupancy with a modest rate: occupancy was 61.9% in September 2026 and the ADR was $160.
That pairing matters for investors. A typical home value of $121,435 is far lower than in coastal and resort markets, so a lower ADR can still produce a strong gross yield of 18.8%. The market score data supports this view, with an investability score of 94.99, a rental demand score of 86.38, and a total score of 93.28. The regulation score is 70.22, the lowest of the major components apart from revenue growth at 60.4, which fits the new ordinance.
The Cleveland area STR market also has a professional layer. The largest operators by listings are HomeHop with 72 listings (4.8 rating), AMH Rental Properties with 67 (4.9), Evolve with 61 (4.6), One Stone Property Group with 60 (4.8), and Hostpros, LLC with 57 (4.8). Professional operators are active here, so independent hosts compete with managed inventory on quality and reviews.
Frequently Asked Questions About Cleveland, Ohio
What is the average Airbnb occupancy in Cleveland?
How much do Cleveland short-term rentals earn?
Are short-term rentals legal in Cleveland?
What is the gross yield on a Cleveland STR?
What is the best time of year to rent out a Cleveland property?
What lodging tax applies to Cleveland STRs?
How far ahead do guests book in Cleveland?
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