4 Days Ago
Location
518 Lake Avenue, Elyria, Ohio 44035, United States
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Floor plans
| 3BR/1.0BA | 3 bed | 1 bath | 1,248 sqft | $1,200 /mo | 1 unit available | - Tenant is responsible for gas and electric - Includes an electric stove and refrigerator - 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. Please note that Breed Restrictions, animal registration fees and pet rent do not apply to service or assistance animals needed due to disability. 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. To schedule a showing instantly online visit www walnutcreekpm com or call (440) 444 - 9849. Are you a landlord? Check out our services at www walnutcreekpm com |
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Amenities for 518 Lake Ave
Apartment Amenities
| Trash | Water |
Appliances
| Refrigerator | Stove Electric |
Building
| Sewer |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Building details
Property details
| Units | 2 |
|---|
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About 518 Lake Ave
- Tenant is responsible for gas and electric - Includes an electric stove and refrigerator - 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. Please note that Breed Restrictions, animal registration fees and pet rent do not apply to service or assistance animals needed due to disability. 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. To schedule a showing instantly online visit www walnutcreekpm com or call (440) 444 - 9849. Are you a landlord? Check out our services at www walnutcreekpm com
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 518 Lake Ave is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 518 Lake Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
518 Lake Ave stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
518 Lake Ave goes above and beyond to provide sought-after conveniences and desirable perks, including sewer. Renters looking for popular or luxurious features will find them here—and for that reason, 518 Lake Ave receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
518 Lake Ave is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 518 Lake Ave does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 518 Lake Ave compares to other nearby properties.
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Elyria
3-bedroom apartments at 518 Lake Ave cost about the same as the average rent price for 3-bedroom apartments in Elyria.
Median rents as of Nov 22 2025.
Elyria
| Month | Median Rent |
|---|---|
| December 2023 | $698 |
| January 2024 | $700 |
| February 2024 | $700 |
| March 2024 | $700 |
| April 2024 | $700 |
| May 2024 | $700 |
| June 2024 | $726 |
| July 2024 | $725 |
| August 2024 | $707 |
| September 2024 | $737 |
| October 2024 | $738 |
| November 2024 | $739 |
| December 2024 | $717 |
| January 2025 | $700 |
| February 2025 | $717 |
| March 2025 | $725 |
| April 2025 | $728 |
| May 2025 | $744 |
| June 2025 | $725 |
| July 2025 | $703 |
| August 2025 | $720 |
| September 2025 | $723 |
| October 2025 | $727 |
| November 2025 | $732 |
Affordability calculator
Can I afford to live at 518 Lake Avenue?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$48,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $48,000 annually to afford this 3-bedrooms monthly rent price of $1,200.
For more information on rent affordability, visit our rent calculator.
Schools near 518 Lake Ave
Spring Valley Early Childhood Center
42101 griswold rd
elyria, OH, 44035
PKPublic
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Internet available near 518 Lake Ave
Getting around Elyria near 518 Lake Avenue
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 518 Lake Avenue, Elyria
Groceries
6/10
At least one grocery store within a 15-minute walk
Shopping
4/10
Some shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within walking distance
Primary schools
4/10
No elementary schools within a 30-minute walk
High schools
1/10
No high schools within a 30-minute walk
Nightlife
4/10
Few or no bars within walking distance
Explore the area around 518 Lake Avenue
D & M Mart
128 Lake Ave
Giant Eagle
320 Market Dr
Save-A-Lot
125 Cleveland St
Dale's Market & Deli
417 Cleveland St
ALDI
426 Oberlin Rd
Family Dollar
401 Lake Ave
Steppin in Fashions
409 Broad St
Nicole Kay's Boutique
230 Market Dr
Target
240 Market Dr
Gabe's
360 Market Dr
Coffee Shop Cafe
721 Lowell St
Starbucks
240 Market Dr
BIGGBY Coffee
615 Griswold Rd
El Kabode Coffee LLC
1005 Gulf Rd
Dunkin'
905 E Broad St
C J's Lounge By the Tracks
801 Foster Ave
Foundry Kitchen & Bar
525 Broad St
Bugsy's Speak Easy
348 Broad St
Ely's Inn
45 East Ave
Boomers
305 Broad St
Cakes Candy & Flowers
8 Chestnut St
CSM Bakery Products
6325 Gateway Blvd S
Expresso Bakery
100 4th St
Back to Order LLC
411 Park Ave
Jeanie's Party Cakes & Supplies
614 Prospect St
Cascade Park
North Ridgeville Metro Park
South Central Park
Subway
521 Lake Ave
Settle Inn
703 Lake Ave
Scoops & More Ice Cream Emporium
528 W River Rd N
Cowhaus Creamery
405 Woodland Ave
Gyro House
363 W River Rd N
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