Cleveland, OH Airbnb Market Data, Statistics, and Occupancy Rates

Cleveland Short-Term Rental Market Overview

Cleveland's short-term rental market stands out for its favorable revenue-to-price ratio, with average home values of $186,665 and annual STR revenue averaging $19,974 — a combination that makes entry affordable relative to many peer markets. With 1,002 active Airbnb listings and an average daily rate of $130 (well below the $250 Ohio state average), the market caters to budget-conscious travelers drawn to the city's sports venues, cultural institutions, and healthcare corridor. The ROI score of 79 out of 100 reflects standout investment potential, particularly for operators who can capitalize on summer demand peaks.

Key Market Statistics

According to Rabbu market data, the Cleveland short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Cleveland

Cleveland appeals to STR investors because of its low acquisition costs relative to revenue potential, creating a favorable yield profile that few similarly sized Midwest markets can match.

Expert Market Assessment

"Cleveland represents a compelling opportunity for STR investors seeking strong yield on relatively modest acquisition costs. The market's seasonality is pronounced — monthly revenue swings from a low of $860 in January to a peak of $2,328 in July — so operators should plan for leaner winter cash flow. With occupancy stability rated as average and a healthy supply/demand balance, this is a market where property differentiation and smart pricing can meaningfully outperform the averages. Investors targeting larger properties will find the most attractive revenue profiles, though competition is lighter in the 5+ bedroom segment."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Cleveland

Average revenue by month in Cleveland

Cleveland's STR market shows strong seasonality, with July ($2,328) and August ($2,316) delivering nearly three times the revenue of January ($860). Investors should budget for this swing, as the five-month stretch from May through September accounts for the lion's share of annual income.

Active Airbnb listings by property size in Cleveland

One-bedroom units dominate supply with 365 listings (36% of the market), followed by 2-bedrooms at 297 — together they account for two-thirds of all Cleveland Airbnbs. The 5-bedroom (23 listings) and 6+ bedroom (21 listings) segments are notably thin, which may present an opportunity for investors willing to operate larger properties with less competition.

Average daily rate (ADR) by property size in Cleveland

ADR climbs steeply with property size, from $78 for studios to $351 for 6+ bedroom homes — a 4.5x premium. The sharpest rate jump occurs between 2-bedroom ($115) and 3-bedroom ($175) properties, suggesting that the move to a third bedroom unlocks a significantly higher pricing tier.

Average RevPAN by property size in Cleveland

Revenue per available night is remarkably consistent across studios through 5-bedroom properties ($30–$52), but 6+ bedroom listings stand out dramatically at $145 RevPAN — nearly three times the next closest tier. This signals that large group-friendly properties in Cleveland are capturing both premium rates and strong enough occupancy to generate outsized per-night yields.

Average occupancy rates by property size in Cleveland

Studios (39%) and 6+ bedroom properties (41%) lead Cleveland in occupancy, while mid-size and larger units see a steady decline from 37% for 1-bedrooms down to just 19% for 5-bedroom homes. Investors targeting 4- or 5-bedroom properties should plan for lower fill rates and rely on higher nightly rates to compensate.

Average monthly revenue by property size in Cleveland

Monthly revenue scales reliably with property size, from $1,140 for 1-bedroom units up to $5,918 for 6+ bedroom homes. The jump from 4-bedroom ($2,646) to 5-bedroom ($4,218) monthly revenue is particularly notable — a 59% increase that reflects the premium group travelers are willing to pay.

Average annual revenue by property size in Cleveland

At the top end, 6+ bedroom properties generate an average of $71,027 annually — more than five times the $13,691 earned by 1-bedroom units. For investors focused on maximizing gross revenue, 3-bedroom and larger configurations offer the strongest return potential, with the 4-bedroom tier ($31,756) representing a solid mid-point between manageable property costs and meaningful income.

Most common amenities for Airbnb listings in Cleveland

Kitchens (98%), parking (94%), and laundry facilities (87% washer, 85% dryer) are table stakes in Cleveland's STR market — guests clearly expect home-like conveniences. Workspace availability at 72% reflects demand from business and remote-work travelers, while differentiators like hot tubs and EV chargers (each at 5%) remain rare enough to help a listing stand out.

Understanding Cleveland's ROI Score: 79/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Cleveland's ROI score of 79 out of 100 places it in the Standout Opportunity tier, driven primarily by an above-average revenue-to-price ratio — the most heavily weighted factor at 40%. Occupancy stability, market growth, and supply/demand balance all rate as average, indicating a market with solid fundamentals rather than any single red flag. Investors should pair this score with local regulatory research and property-level underwriting to validate whether specific deals meet their return thresholds.

Short-Term Rental Regulations in Cleveland

Understanding local STR regulations is essential before investing in Cleveland. Here's the current regulatory landscape:

Permit Requirements

The City of Cleveland and the State of Ohio may require short-term rental operators to register or obtain permits before listing a property. Investors should verify current licensing requirements directly with Cleveland's building and housing department, as rules can change and enforcement varies by neighborhood.

Key Restrictions

Common STR restrictions in markets like Cleveland can include occupancy limits, minimum stay requirements, noise ordinances, and parking regulations. Some properties may also fall under HOA rules or condo association bylaws that limit or prohibit short-term rentals, so due diligence on any deed restrictions is essential before purchasing.

Tax Obligations

Short-term rental operators in Ohio are typically subject to state sales tax and local lodging or transient occupancy taxes. Many booking platforms collect and remit these taxes on behalf of hosts, but investors should confirm their specific obligations with a local tax professional to ensure full compliance.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Cleveland can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Cleveland's STR market is expected to maintain steady demand, with summer months continuing to drive the strongest performance — July and August revenues historically exceed $2,300 per month. Listing growth has been notable at 116% year-over-year, so investors should monitor whether new supply pressures occupancy rates, which currently sit at 33%. ADR is likely to hold in the $125–$140 range given the market's value-oriented positioning, with modest 1–3% increases possible during peak season. Investors entering now benefit from still-affordable acquisition costs, though the window may narrow as supply expands."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Cleveland, OH

What is the average Airbnb occupancy rate in Cleveland?

The average occupancy rate for Airbnb listings in Cleveland is currently 33%, which tracks closely with the 34% Ohio state average. Occupancy varies significantly by property size — studios and 6+ bedroom properties lead at 39% and 41% respectively, while 5-bedroom properties sit lower at 19%. Seasonal fluctuations also play a major role, with summer months delivering the highest booking volume.

How much do Airbnb hosts make in Cleveland?

Based on trailing 12-month booking data, the average Airbnb host in Cleveland earns approximately $1,664 per month or $19,974 per year. Earnings vary widely by property size: 1-bedroom listings average around $13,691 annually, while 6+ bedroom properties can generate roughly $71,027 per year. Peak summer months like July see average revenues exceeding $2,300, while January dips to around $860.

Is Cleveland a good market for Airbnb investment?

Cleveland scores 79 out of 100 on Rabbu's ROI Score, placing it in the 'Standout Opportunity' category. The market's strongest attribute is its above-average revenue-to-price ratio — with average home values around $186,665 and annual STR revenue near $19,974, investors can achieve attractive yields relative to acquisition costs. Occupancy stability and market growth trends are both rated as average, meaning consistent management and property quality are important to outperform.

What is the average daily rate (ADR) for Airbnb in Cleveland?

The current average daily rate for Airbnb listings in Cleveland is $130, which is significantly below the Ohio state average of $250. ADR scales meaningfully with property size — studios average $78 per night, while 6+ bedroom homes command $351. This pricing structure reflects Cleveland's position as a value-oriented market where larger group-friendly properties can capture premium nightly rates.

Are short-term rentals legal in Cleveland?

Short-term rentals do operate in Cleveland, with over 1,002 active Airbnb listings currently on the market. However, operators should check with the City of Cleveland and applicable Ohio state agencies for any permit, registration, or licensing requirements. Local regulations around zoning, occupancy limits, and safety standards may apply, and rules can vary by neighborhood or building type.

When is peak season for Airbnb in Cleveland?

Peak season for Airbnb in Cleveland runs from June through August, with July delivering the highest average monthly revenue at $2,328. August follows closely at $2,316, and June comes in at $2,022. The shoulder months of September through November still perform reasonably well ($1,781–$1,926), while January is the softest month with average revenue of just $860.

How many Airbnbs are there in Cleveland?

As of April 2026, there are 1,002 active Airbnb listings in Cleveland. The market has seen significant growth, with a 116% year-over-year increase in active listings. One-bedroom properties make up the largest share of supply with 365 listings, followed by 2-bedroom units at 297 and 3-bedroom properties at 185.

How is Airbnb revenue calculated in Cleveland?

The annual and monthly revenue figures for Cleveland are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and aggregate the results into a market-level historical average. This approach anchors the figures to what hosts have actually earned recently, and because each month uses its own historical performance, seasonal peaks and slower periods are naturally reflected. Individual results can vary based on property quality, pricing strategy, and how effectively an operator manages their listing.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Occupancy rates, average daily rates, and RevPAN trends across property configurations
• Monthly and annual revenue metrics based on trailing 12-month booking performance
• Home value data sourced from the Zillow Home Value Index (ZHVI) for acquisition cost context
• Data aggregated from multiple proprietary and third-party sources for consistency and accuracy

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages and may not account for recent regulatory changes or market shifts. Local short-term rental regulations vary and should be independently verified before making investment decisions.