Zumper
modified
21 Hours Ago

Location

518 Lake Avenue, Elyria, Ohio 44035, United States
Hi! Let’s figure out if this property is right for you.

Powered by Zumper AI

Tour 518 Lake Ave

Contact

Management

Walnut Creek Property Management

Leasing office

(440) 444-9849

Property Overview

518 Lake Ave offers an attractive option for renters, highlighted by a Zumper expert rating of 8.3 out of 10, reflecting its overall quality and appeal. It features competitive pricing and an excellent balance between price and value, with high ratings for amenities and location both at 9 out of 10, ensuring residents enjoy convenience and a high standard of living. Additionally, the property emphasizes transparency, evidenced by a trustworthiness rating of 8, and provides ample visual insight with 36 photographs for prospective renters.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With 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.

Things you’ll love

  • More space
  • Images Available

Floor plans

1BR/1.0BA1 bed1 bath500 sqft$775 /mo1 unit available- 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. 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
3BR/1.0BA3 bed1 bath1,248 sqft$1,200 /mo1 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

Let's explore this property.

Amenities for 518 Lake Ave

Apartment Amenities

TrashWater

Appliances

Electric StoveRefrigerator
Stove Electric

Building

Sewer

Services

Water, Sewer & Trash
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

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units3
Advertisement

About 518 Lake Ave

HomeApartments in Elyria 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 Good
With 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.
How we rated 518 Lake Ave
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.

Positives

More space
The 1-bedroom is 672 sqft larger than other listings nearby
More space
The 3-bedroom is 276 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

Get the latest listings anytime, anywhere

Receive similar listings in the area, download our app, and more.
Email*
By clicking submit, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values.

Rent trends in Elyria

1-bedroom apartments here are priced about the same as 1-bedrooms 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 Jan 10 2026.
Elyria
A table of studio rental data trends in Elyria
MonthMedian Rent
January 2026$750

Affordability calculator

Can I afford to live at 518 Lake Avenue?

Bedrooms

Rent-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

$31,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $31,000 annually to afford this 1-bedroom monthly rent price of $775.
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
Powered byniche.com
Advertisement

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.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 518 Lake Avenue, Elyria

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

4/10
Some restaurants within a few minutes’ walk

Primary schools

6/10
At least one elementary school within a 20-minute walk

High schools

1/10
Closest high school further than a 30-minute walk

Nightlife

4/10
Some 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

Compare similar properties nearby

featured image of 6610 Lear Nagle Rd #179

North Ridgeville • 6610 Lear Nagle Rd #179

2 Beds

$1,399

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 1610 Moore Rd

Avon • 1610 Moore Rd

Studio

$1,439

dogs and cats ok
Yes
on-site laundry
Yes
air conditioning
Yes
featured image of 6610 Lear Nagle Rd #152

North Ridgeville • 6610 Lear Nagle Rd #152

3 Beds

$1,329

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 6610 Lear Nagle Rd #23

6610 Lear Nagle Rd #23, North Ridgeville, OH, 44039

Our team has verified this company

North Ridgeville • 6610 Lear Nagle Rd #23

2 Beds

$1,299

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 2829 West Erie Avenue

Water's Edge

Our team has verified this company

2829 West Erie Avenue

1–2 Beds

$650–$850

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 630 South Abbe Road

630 South Abbe Road, Elyria, OH, 44035

Our team has verified this company

630 South Abbe Road

3 Beds

$1,200

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 820 Rosewood Drive

Rosewood Park

Our team has verified this company

820 Rosewood Drive

2–3 Beds

$875–$1,175

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 4640 Oberlin Avenue

4640 Oberlin Avenue

2 Beds

$800

dogs and cats ok
Yes
on-site laundry
Yes
air conditioning
Yes
featured image of 6610 Lear Nagle Rd #179

North Ridgeville • 6610 Lear Nagle Rd #179

2 Beds

$1,399

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 1610 Moore Rd

Avon • 1610 Moore Rd

Studio

$1,439

dogs and cats ok
Yes
on-site laundry
Yes
air conditioning
Yes
featured image of 6610 Lear Nagle Rd #152

North Ridgeville • 6610 Lear Nagle Rd #152

3 Beds

$1,329

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 6610 Lear Nagle Rd #23

6610 Lear Nagle Rd #23, North Ridgeville, OH, 44039

Our team has verified this company

North Ridgeville • 6610 Lear Nagle Rd #23

2 Beds

$1,299

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 2829 West Erie Avenue

Water's Edge

Our team has verified this company

2829 West Erie Avenue

1–2 Beds

$650–$850

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 630 South Abbe Road

630 South Abbe Road, Elyria, OH, 44035

Our team has verified this company

630 South Abbe Road

3 Beds

$1,200

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 820 Rosewood Drive

Rosewood Park

Our team has verified this company

820 Rosewood Drive

2–3 Beds

$875–$1,175

dogs and cats ok
Yes
on-site laundry
No
air conditioning
No
featured image of 4640 Oberlin Avenue

4640 Oberlin Avenue

2 Beds

$800

dogs and cats ok
Yes
on-site laundry
Yes
air conditioning
Yes

Check availability

Full name*
Move-in date
Floor plan
By sending this inquiry, I accept Zumper's Terms and Conditions, Privacy Policy, and Community Values. By providing my phone number, I consent (not a condition of purchase) to be called and texted by 518 Lake Ave.