Rent Your Vacation Home or Condo in Cleveland, Ohio

If you’re thinking about renting out your Cleveland home as a short-term rental, there are a few things to keep in mind. First of all, it’s important to understand that short-term rentals are not the same thing as Airbnb. Airbnb is a global marketplace where people can book accommodations with other hosts and guests. Short-term rentals are more likely to be businesses renting out their entire home while they’re gone for a few weeks or months. Another thing to keep in mind is that short-term rental regulations vary by city. In some cities, short-term rental licenses are required; in others, they are not. It’s best to contact your local municipality for more details about the rules surrounding short-term rentals before making your decision.

When partnering with RedAwning for your property management needs, we can make sure your Cleveland rental is set up correctly and ready to generate the most amount of revenue possible per stay.

Current Vacation Rental Trends in Cleveland

During the month of January, Cleveland is projected to generate over $144/night for a 2 bedroom vacation rental, on average! There were 1,894 vacation active rental properties in Cleveland.  1,554 are renting the entire place, and 340 are shared rooms.  On average, during the month of January 2023, each vacation rental property in Cleveland is booked 50% of the time, and most hosts are projected to generate $1,573 or more during the month of January! See how much you could earn with our free vacation rental income calculator.
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$144.00 Per Night*

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50% Occupied*

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$1,573.00 Per Month*

* Based on the median average of all vacation rentals in the Cleveland area.
Get a free estimate for your home or condo.

Vacation Rentals in Cleveland are generating record profits with RedAwning.
Find out how you can exceed your revenue goals with RedAwning's property management resources.

Successful short-term vacation rentals in Cleveland, Ohio

Short-term rental success has many factors, but a general good rule of thumb is to rent homes that are located in desirable neighborhoods. Cleveland is seeing a rise in short-term rental success thanks to its proximity to major cities such as Chicago and Detroit. These cities are drawing tourists from all over the world to spend their money in the city, which means there are more people willing to pay top dollar for local Cleveland rentals. Another factor that can help your short-term rental success is having a good property management company on your side. They can assist you with renter screening, monitoring and maintenance of your home, as well as marketing and advertising opportunities when it comes time to put your home up for rent.

When it comes to vacationing in Cleveland, you might think that you need to stay in a hotel or other more expensive accommodation. But that’s not always the case. In fact, there are plenty of rental options available to meet all kinds of vacation needs and budgets. If you’re looking for a place to stay that’s close to the city center, consider renting an apartment or condo instead of a traditional hotel room. If you have kids, consider renting out a house so everyone can enjoy some time away together. And if you’re looking for a space that’s perfect for groups of friends or family, then a vacation rental is a great option. It’s also worth considering whether you want to rent out your home or whether you could rent out just part of your home when you don’t need it for yourself. Either way, there are tons of ways to get the most out of your short-term rental experience in Cleveland!

RedAwning takes the guess-work out of Cleveland property management, and we work with you to ensure your Cleveland short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.

See how much your Cleveland vacation rental could earn:

Revenue Projections for Vacation Rentals in Cleveland, Ohio during February, 2023

Based on a 2 bedroom, which is the most common Cleveland vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in February. Higher bars below can command higher prices, if your Cleveland vacation rental is available during these days.
 
$16773%1st
 
$16873%2nd
 
$18473%3rd
 
$18573%4th
 
$16471%5th
 
$16271%6th
 
$16271%7th
 
$16371%8th
 
$16672%9th
 
$18473%10th
 
$18674%11th
 
$16671%12th
 
$16471%13th
 
$16570%14th
 
$16070%15th
 
$16371%16th
 
$18674%17th
 
$19776%18th
 
$16871%19th
 
$16270%20th
 
$16170%21st
 
$16270%22nd
 
$16470%23rd
 
$18071%24th
 
$17971%25th
 
$16270%26th
 
$16069%27th
 
$16069%28th
 

Average Daily Price & Percent Occupied Next Month In Cleveland

Note: These averages are based on a 2 bedroom home in Cleveland. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Cleveland, Ohio?

If you are a speculative home buyer or have another home in Ohio, check out our other Ohio Vacation Rental Management reports in CincinnatiColumbusLoganVermilionHuronCantonMaple Heights,  and Northwood, Ohio or view all of our vacation rental market reports

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