518 Lake Ave, Elyria, OH 44035
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OFF MARKET

518 Lake Ave
Elyria, OH 44035

  • 1 Bed
  • 1 Bath
  • 500 sqft
1 Bed
1 Bath
500 sqft

Local Information

  • Map ViewExplore the area around 518 Lake Ave.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

- All electric 1 Bedroom Apartment
- Includes Electric Stove & Refrigerator
- Tenant pays Electric
- Not Pet Friendly

Screening:

-We charge $65 per person over the age of 18 which covers our cost for completing the screening process.
-We screen using credit, background and eviction checks as well as income verification and rental history.
-Please include in the application your last 3 pay stubs and your Photo ID
-If interested, please apply. We look for ways to approve tenants. Many tenants who did not think they qualify do.

Maintenance: Many people ask whether they can do work to a property. Walnut Creek has their own maintenance department and we do make sure the properties we manage are safe homes to live in. However, to protect our owners, we do not allow tenants to make changes or repairs to the property, including painting. If you have a maintenance request, you are able to make those requests using your tenant portal.

Neighborhood: Many times, people will ask what a specific neighborhood or area is like. We cannot easily answer that question because everyone has a different opinion on that. Our suggestion is to drive by a property at several different times of the day and you will get a very realistic feel for what you can expect when you live at this property. You may also call the local police departments for more detail about any crime in the area.

This property could be rented any day and we rent on a first come first served basis.

Are you a landlord?
518 Lake Ave, Elyria, OH 44035 is a 1 bedroom, 1 bathroom, 500 sqft apartment. It last sold for $110,000 on Jan 31, 2022 (14,094% above the $775 asking price). More recently, it was listed as a rental in December 2025 with an asking price of $775 per month. That rental listing was removed on January 28, 2026. It is currently off market. The Trulia Estimate rent is $785/month.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 518 Lake Ave

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: Contact For Details

Interior Features

Appliances & Utilities
Refrigerator

Price History for 518 Lake Ave

DatePriceEventSource
01/28/2026$775ListingRemovedZillow Rentals
12/13/2025$775Listed For RentZillow Rentals
07/20/2023ListingRemovedMLS Now #4452140
05/25/2023$99,900PriceChange
MLS Now #4452140
05/09/2023$109,900Listed For SaleMLS Now #4452140
01/31/2022$110,000Sold
MLS Now #4331039
12/22/2021$122,500PendingMLS Now #4331039
12/20/2021$122,500PendingToActiveMLS Now #4331039
12/06/2021$122,500ContingentMLS Now #4331039
11/09/2021$122,500Listed For SaleMLS Now #4331039

Market trends in Elyria

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$196K
$16.67KMoM
Sale-to-List Price
100.0%
0.9%MoM
Price per sq ft
$136
$9MoM
Available listings
181
3MoM
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Property Tax and Assessment

Year2024
Tax$3,119
Assessment$183,790
Home facts updated by county records

Comparable Sales for 518 Lake Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
416 East Ave, Elyria, OH
1.22
Apartment
$144,000
04/23/26
2
1
700
262 E Broad St, Elyria, OH
1.56
Apartment
$85,000
08/13/25
3
1
1,200
218 Gates Ave, Elyria, OH
1.52
Apartment
$118,000
10/27/25
3
1
-
1877 E 34th St, Lorain, OH
4.40
Apartment
$132,500
07/16/25
3
1
1,780
1771 E 37th St, Lorain, OH
4.29
Apartment
$132,500
01/22/26
2
1
-
4645 Oberlin Ave, Lorain, OH
4.87
Apartment
$437,000
11/20/25
2
1
700
1813 E 30th St, Lorain, OH
4.73
Apartment
$60,000
12/23/25
4
1
1,344
117 W 30th St, Lorain, OH
5.17
Apartment
$135,000
10/01/25
2
1
1,344
2514 Reid Ave, Lorain, OH
5.51
Apartment
$91,500
06/10/26
2
1
950
122 W 27th St, Lorain, OH
5.39
Apartment
$100,000
01/13/26
2
1
-
Home facts updated by county records

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 518 Lake Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Elyria

At least 386 Trulia users voted on each feature.

  • 88 % Say car is needed

  • 85 % Say parking is easy

  • 84 % Say there are sidewalks

  • 83 % Say yards are well-kept

  • 80 % Say it's dog friendly

  • 70 % Say kids play outside

  • 70 % Say there's holiday spirit

  • 58 % Say streets are well-lit

  • 52 % Say neighbors are friendly

  • 52 % Say people would walk alone at night

  • 49 % Say there's wildlife

  • 49 % Say it's quiet

  • 46 % Say they plan to stay for at least 5 years

  • 41 % Say it's walkable to restaurants

  • 40 % Say it's walkable to grocery stores

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • W84nc4z4t2
    "That Elyria is a great neighborhood and they have great schools and I’ve lived here my whole life and I would definitely recommend living here "
    0
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  • Chrystal Williams
    "I lived in Elyria since I was a kid. They have a lot of good programs for schools for kids to excel and graduate early and also graduate with college under their belt from high school like any place I need the community to pour back into it, but it has amazing potential."
    0
    Flag
  • Suzanne Lester White
    "It is close to shopping and major routes and favorite shopping. There are many metro parks and recreational facilities close by "
    0
    Flag
  • Sarahg_5657
    "Nice area, close to the highway, many stores, restaurants, and fast food. Neighbors are friendly and approachable. Also easy access to the turnpike. "
    0
    Flag
  • Poegm13
    "There are lots of parks to choose from with great playgrounds. There are also sidewalks in most places. "
    3
    Flag
  • John Miller-Jackson
    "It’s home and it always will be been here for many many years and I love it it’s always been family oriented"
    0
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  • Jesus E. T. C.
    "very long. I drive to Cleveland every day and it is very long. its nice having the 90 and 80 so close though "
    11
    Flag
  • Ashlyrashel1993
    "it has a great school systems and next year they will have a brand new school. we have friendly neighbors. "
    0
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  • Ivery J.
    "i lived here my whole live and it is cool place and the apple feastble is fun too. Elyria Ohio us nice place to be."
    2
    Flag
  • Laura M.
    "I take route 90 into downtown Cleveland. I leave very early and don’t encounter much, if any traffic. "
    3
    Flag
  • Deejugasz
    "Crestwood Elementary is the BEST. My neighbors in the township are helpful and nice. Within the county there are many activities and events at no cost to families."
    2
    Flag
  • Samantha M.
    "We have an Apple fest here and it pretty cool.. lots of venders lots of people and lots of neat stuff to look at "
    3
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  • Charles S.
    "Very peaceful love the quiet morning and drama free environment. I would love to find a house out here "
    2
    Flag
  • Jill C.
    "A lot of ppl walk their dogs and are friendly. There are lots of local parks close with great trails. "
    6
    Flag
  • Marlon C.
    "my neighborhood is special because of the older and younger neighbors a great mix of both. I feel really safe and theres also a few parks around and I always see people walking there dogs"
    0
    Flag
  • Kylee
    "Make sure to keep your children safe, mostly not intimidating environment but gets more active at night."
    5
    Flag
  • Victoria J.
    "I don't know of any except people cook for July 4th and decorate for holidays. So far nothing else. "
    0
    Flag
  • Anonymous
    "It is a short walk to downtown Elyria. There are two elementary schools nearby and the middle school and high school are just down the road. There are a lot of businesses in this area."
    2
    Flag
  • Veedez
    "Schools are close by and shopping and pharmacy and gasoline stations. People are friendly and take care of their property. Streets well labeled and easy to get around to. Many fast food places are close by. "
    0
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  • anon
    "I really don’t like the area to be honest, it’s an averagely bad city with a lot of young people who don’t really have proper manners or care for their environment."
    5
    Flag
  • George H.
    "Fair, home gatherings and cookouts, county living, open skies, star watching, breathing room. Farms, horseback riding "
    0
    Flag
  • Suzanne W.
    "Plenty of parks to walk your pets. There are a lot of dogs in this area so having a fenced in yard is a plus! "
    0
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  • JudyP.
    "We've lived here for 32 years and seen children grow and leave so the neighborhood now is quiet. Everyone is very friendly and yes, people walk their dogs at night. The street is about 3 minutes to the community college and close to the highway to Cleveland, about 25 minutes away. We love our neighborhood so much we recently bought a ranch home up the street."
    0
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  • Dianakopp04
    "I love this neighborhood. Very friendly. You drive down the road and people you don’t know wave hello. "
    0
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  • Unspecified
    "There are no community events that I am aware of ever. Everyone pretty much keeps to themselves. I miss having neighbors that are also friends"
    0
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  • Bonchumom
    "I’m not sure. I don’t see a lot of dogs here. There are a lot of hiking trails nearby but dogs need to be on the leash. "
    0
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  • Frances R.
    "there's places to walk the dogs lots of open space but can't leave dogs run around unless on a leash "
    0
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  • Apenny04
    "Dog friendly neighborhood. people also jog throughout. It's nice and quiet. "
    2
    Flag
  • Reggielovejoy
    "parks restaurants I walki by distance a gym and bars and friends with shopping near by going to movies walking dogs "
    0
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  • Myanozzy
    "I love it being born and raised in Elyria haves been fun. But it’s time I expand my life and move on somewhere else. Close by but similar to home. "
    0
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  • Stephanie S.
    "great bike trails and country setting along with city amenities. we like it here on the outskirts of town by the airport. "
    0
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  • Danpaulssu
    "kids love to play outside and the neighbors are very friendly and trustworthy. its a very family friendly environment. "
    0
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  • Melodygerken
    "you always see neighbors with dogs outside some on leash and some aren't. people are respectful of others. "
    1
    Flag
  • Alex L.
    "it's close to my jobs very easy commute to and from places to get food and work places. "
    0
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  • Leah Y.
    "Well maintained community. Hard working neighbors. Neighbors are friendly but not nosey. Neighbors clean up after their pets. "
    0
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  • Kerstyneh
    "my family all lives here on the same block and I grew up here. its a nice quiet neighborhood. The only reason why I am leaving is because I've never been anywhere else and I want to start a new life with my new hubby."
    0
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Apartments for Rent

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Explore by feature - Pet Friendly

21 pet-friendly rentals in Elyria, OH

Explore by feature - Air Conditioning

27 rentals with air conditioning in Elyria, OH

Explore by feature - Washer/dryer

18 rentals with a washer/dryer in Elyria, OH

Homes for sale near 518 Lake Ave

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Off Market Homes Near 518 Lake Ave

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