10 Best Places to Buy Short-Term Rentals in Cleveland (2026)

According to Chalet Data, there are few U.S. cities where short-term rental yields cluster as high as Cleveland’s. The 2026 numbers show a market where gross yields stretch from 7.2% up to 27.3%, with the citywide median at a striking 19.6%, well above the U.S.

median of 9.0%. Entry prices remain accessible, with half of the ranked neighborhoods below $125,000 for a median home. The spread tells a story. The highest-yielding pockets are on Cleveland’s east side, where home values have dipped but occupancy and booking pace have surged.

Meanwhile, west side and central neighborhoods see higher nightly rates but longer payback periods. What’s changed is the city’s supply-demand balance. Occupancy is up 33% year over year, ADRs have climbed 26%, and active listings are down by a quarter, signaling a supply squeeze that’s driving up returns for committed operators.

The best opportunities now depend on matching your risk appetite to the right neighborhood profile.

The Best Cleveland Neighborhoods for Airbnb, Ranked by Yield

Source note: Data as of July 11, 2026. Each neighborhood’s annual revenue is calculated from its own ADR × occupancy × 365 using trailing 12-month data, gross before expenses. The table reports the median listing’s revenue, ADR, and occupancy, which are computed independently, so multiplying ADR by occupancy will not reproduce the revenue figure.

Gross yield divides median revenue by median home value (Zillow Home Value Index). See our full methodology. The active-operator revenue benchmark filters to listings with real, sustained booking activity and is what a committed buyer should underwrite against, while the headline figure averages all listings.

1. Glenville: Cleveland’s Highest-Yield, Fastest-Growing Play

Glenville leads the city with a 27.3% gross yield, landing in the 99th percentile nationwide. The draw is simple. Extremely low median home values, now at $76,495, have fallen 14.1% year over year, but occupancy has surged to 57%. June marks the high season, with occupancy peaking at 84% and ADR at $53. Even the spring trough bottoms out at 31% occupancy, keeping cash flow steady across the calendar.

The revenue engine here is volume, not nightly rate. ADR sits at just $52, far below the U.S. median, but the booking pace is relentless, and the most common listing is a 1-bedroom. The market’s payback period is just 3.8 years on gross active-operator revenue, the shortest on this list.

Supply is tightening. Listings are down 18% year over year, while occupancy has jumped 68% and ADR is up modestly. That squeeze is fueling investor returns, but buyers should be ready for a hands-on, budget-focused guest segment. For a deeper breakdown of Glenville’s numbers and bedroom mix, see the Glenville analytics page.

Who this market is ideal for: Buyers seeking the highest cash-on-cash returns and willing to operate in a value-driven, high-turnover market.

2. Brooklyn Centre: Occupancy King with Rising Home Values

Price trends in Brooklyn Centre have been especially resilient, with median home values rising 5.2% year over year to $115,683, one of the few Cleveland neighborhoods to post appreciation. This market’s 73% median occupancy rate soars above the US median of 45%, and November’s 85% occupancy peak (ADR $95) underscores its strong off-season draw. Even in January, occupancy holds at 53%, minimizing downtime and smoothing out revenue volatility for owners.

Momentum in the past year has been remarkable. Occupancy jumped 50% and ADR surged 41%, while listings fell 18%, creating a tight supply environment that supports robust pricing. Brooklyn Centre’s gross yield of 25.4% places it in the 98th percentile nationally (US median 9.0%), and active operators see annual revenue of $28,358.

With a payback period of just 4.1 years, investors can underwrite with confidence, knowing that steady demand from both families and the local workforce keeps calendars full and income streams reliable. For a closer look at seasonality and revenue breakdowns, review the Brooklyn Centre analytics page.

Who this market is ideal for: Investors who want high occupancy and a neighborhood with upward price momentum.

3. Hough: High Occupancy and Rapid ADR Growth

Rental performance in Hough is shaped by a dramatic surge in demand during the summer, with June occupancy reaching 86% and the average daily rate climbing to $132.

December, by contrast, sees occupancy plummet to 7%, highlighting a market where summer bookings are the engine of annual returns, 33% of revenue arrives in that season alone. This pronounced seasonality means operators must price aggressively during peak months and prepare for leaner winter periods, when just 17% of annual revenue is earned.

With a gross yield of 20.8%, Hough ranks in the 97th percentile nationally, far surpassing the US median of 9.0%. The payback period of 4.9 years is notably short for the field, making this neighborhood attractive for investors focused on rapid capital recovery. Active listings have dropped 11% even as June occupancy jumped 43% and ADR soared 82% year over year, creating a supply squeeze that supports higher pricing.

Proximity to University Circle and major institutions channels steady guest demand, while the dominance of 1-bedroom properties (39 out of 61 listings) suggests the market caters well to solo travelers and couples seeking affordable stays. For a full breakdown of bedroom-level returns, check the Hough analytics page.

Who this market is ideal for: Buyers seeking a blend of strong occupancy, fast ADR growth, and proximity to Cleveland’s cultural core.

4. Kamm S Corner: High Revenue, Higher Entry Price

Price-conscious investors will notice Kamm S Corner’s median home value of $231,463, which is up 7.0% from last year and sits well above many local alternatives. This higher entry cost is balanced by a robust 14.5% gross yield, landing the neighborhood in the 89th percentile nationally and outpacing the US median of 9.0%.

The area’s homes are typically larger and newer, drawing both families and business travelers who value comfort and space, which helps keep occupancy competitive with the city median.

Seasonal dynamics favor spring, which accounts for 30% of annual revenue, while summer follows at 26%. Occupancy peaks at 71% in August with a $149 average daily rate, then falls to 34% in February, reflecting the market’s strong warm-weather appeal.

Over the past year, a 47% jump in occupancy and a 27% increase in ADR have combined with a 9% drop in listings, tightening supply and supporting higher returns. The payback period is about 7.0 years, which is reasonable for investors seeking scale and stability with limited competition from new supply. The Kamm S Corner analytics page details the full revenue breakdown by bedroom count.

Who this market is ideal for: Investors ready for a higher upfront investment in exchange for larger properties and stable demand.

5. Old Brooklyn: Mid-Priced, Balanced Returns

Seasonal swings shape Old Brooklyn’s performance, with occupancy surging to 70% in August but plunging to just 3% in January, making the spring and summer months crucial for revenue, together, they account for over half the year’s income. Compared to the US median, Old Brooklyn’s 13.2% gross yield lands in the 82nd percentile, while its $98 ADR sits well below the national average of $232, reflecting the area’s accessible price point and steady local demand rather than luxury appeal.

Active operators here typically see $21,107 in annual revenue, and it takes about 7.7 years of gross income to recoup a median-priced home, a favorable benchmark for mid-tier investors. The market’s most common property type is a one-bedroom, with 22 such listings generating $11,046 per year at a $67 ADR, underscoring a focus on affordability and smaller groups.

While ADR has climbed 28% in the past year, occupancy fell by 36% and listings dropped 27%, signaling that rising prices may be softening demand and prompting some hosts to exit the market. For more on the seasonal and bedroom mix, see the Old Brooklyn analytics page.

Who this market is ideal for: Buyers looking for a stable, mid-tier neighborhood with a mix of local and family demand.

6. Edgewater: Lake Access and Steady Returns

Market dynamics in Edgewater show a distinct seasonal pattern, with occupancy soaring to 77% in August before falling to just 19% in February. This pronounced summer peak, which delivers 32% of annual revenue, reflects the draw of lakefront parks and outdoor events, while the winter lull is typical for northern lakeside neighborhoods.

Compared to the US median, Edgewater’s 11.6% gross yield lands in the 74th percentile, and its 48% occupancy rate sits above the national median, highlighting the area’s relative strength in attracting bookings even with a modest $121 ADR.

Recent data points to a tightening market. Active-operator annual revenue stands at $19,313, and it takes about 9.2 years to recoup a median home purchase at this pace. With listings down 22% year over year and ADR surging 55%, competition has intensified, favoring hosts who can capture peak-season demand.

The limited supply and strong summer performance make Edgewater attractive for investors who value both seasonal upside and proximity to downtown amenities. For a granular look at occupancy and ADR shifts, see the Edgewater analytics page.

Who this market is ideal for: Investors seeking a balance of urban access and steady seasonal demand.

7. Detroit Shoreway: High ADR, Lower Occupancy

Average daily rates in Detroit Shoreway have surged, reaching $180, placing the neighborhood well above the US median and landing it in the 69th percentile for gross yield among 501 US markets. Occupancy, however, remains subdued at 42%, with a pronounced seasonal swing. July occupancy peaks at 65%, but activity drops sharply in January to just 20%. This pronounced seasonality means summer alone delivers 31% of annual revenue, while winter lags far behind at only 18%.

For investors, the 9.4-year payback period reflects both the area’s strong pricing power and its current supply squeeze. Listings fell 28% year-over-year, while ADR climbed 42%, suggesting intensified competition for available units. The most common property is a 2-bedroom, yet 3-bedrooms command the highest annual revenue at $29,801 with a $254 ADR, making them particularly attractive for maximizing returns.

Detroit Shoreway’s blend of arts venues and proximity to Gordon Square continues to attract a diverse set of guests, supporting elevated nightly rates even as occupancy trails the national median. For the full bedroom and seasonality breakdown, visit the Detroit Shoreway analytics page.

Who this market is ideal for: Buyers targeting higher-end guests and larger properties, with patience for lower occupancy.

8. Buckeye Shaker: Affordable Entry, Steady Bookings

Low home prices underpin Buckeye Shaker’s 10.1% gross yield, which ranks in the 63rd percentile among 501 US markets and sits comfortably above the national median of 9.0%. Summer dominates the calendar, with occupancy soaring to 91% in August at a $56 ADR and summer alone generating 32% of annual revenue.

By contrast, winter performance lags, with occupancy dropping to zero in January and just 19% of yearly earnings coming from that season, reflecting the area’s strong reliance on warm-weather visitors and university-related events.

Investors will note the payback period of 10.5 years on active-operator revenue, which reflects a balanced risk profile given the affordable median home value of $123,979. The 34 active full-time listings suggest a manageable competitive landscape, while a 21% ADR increase and a 24% drop in listings over the past year point to resilient pricing power despite softer demand.

This pattern is shaped by shifting supply and a steady stream of budget-conscious guests seeking proximity to University Circle. For more on the occupancy curve and ADR trends, explore the Buckeye Shaker analytics page.

Who this market is ideal for: Value-focused investors looking for low entry costs and reliable summer demand.

9. Tremont: High Revenue, Pricey Entry

Price-conscious buyers will note that Tremont commands the highest median home value in the lineup at $354,165, reflecting its status as a sought-after, walkable neighborhood with a thriving restaurant scene.

Despite a modest 1.1% dip in home prices year-over-year, the area’s 9.9% gross yield ranks in the 61st percentile among 501 US markets, with occupancy at 50%, comfortably above the US median of 45%. The active-operator revenue closely tracks the headline figure at $34,081, supporting stable income projections for most investors.

Seasonality is pronounced, with occupancy surging to 70% in August before dropping to just 31% in January, and summer alone delivers 28% of annual revenue. June 2026 data shows a 46% jump in occupancy year-over-year, while ADR has climbed 18% and listings have contracted by 14%, signaling a tightening supply that supports strong pricing power.

The 10.4-year payback period reflects both the robust revenue environment and the higher entry price, so investors should underwrite carefully. The prevalence of 1-bedroom listings (42 active) offers lower barriers to entry, but three-bedroom properties command the highest annual earnings at $27,496 with a $241 ADR, rewarding those able to invest in larger homes. For a detailed look at bedroom-level returns, see the Tremont analytics page.

Who this market is ideal for: Investors with the capital for a higher-priced property and an eye on premium guest demand.

10. Ohio City West Side: Premium ADR, Slow Payback

Price-conscious investors will find Ohio City West Side’s numbers shaped by a high median home value of $307,997, which has held steady year over year.

Occupancy reaches its height in August at 69% (ADR $159), before plunging to just 20% in January, reflecting strong summer demand from visitors drawn to the area’s renowned breweries, nightlife, and close access to downtown Cleveland. Summer alone generates 35% of annual revenue, while winter contributes just 20%, underscoring a pronounced seasonal swing that operators must plan for.

Despite a robust $176 average daily rate, well above the national median, the market sits in the 32nd percentile for gross yield among US cities, hampered by both low occupancy (35% vs US median 45%) and a steep entry price. Listings have dropped 29% year over year, tightening supply, while ADR has surged 19%, signaling that demand remains resilient for premium properties.

The payback period stretches to 14.4 years, the longest on this list, making careful underwriting essential, especially since 1-bedrooms dominate the inventory but lag behind 2-bedrooms in annual earnings. For a full data breakdown, visit the Ohio City West Side analytics page.

Who this market is ideal for: Buyers prioritizing premium ADR and central location over rapid payback.

How to read these rankings before you buy

Gross yield is a powerful screening metric, but it doesn’t capture everything about a short-term rental investment. It reflects the ratio of annual gross revenue to median home value, offering a first-pass sense of cash-on-cash potential. However, headline revenue averages all listings, including those with little booking activity, while the active-operator benchmark filters for those with sustained, real-world performance, critical for underwriting your own projections.

Neighborhood-level data highlights where the odds favor strong returns, but property-level diligence is essential. Factors like property condition, local guest demand, and seasonality can swing results dramatically. Always verify regulations, tax obligations, and neighborhood trends before making an offer. The numbers here are a launchpad, not a guarantee.

How to Act on This

Cleveland’s short-term rental market is defined by its high yields, affordable entry points, and rapidly shifting supply-demand balance. To succeed, buyers must match their strategy to the character of the neighborhood. East side markets like Glenville and Hough offer the fastest payback and highest yields but require hands-on management and a tolerance for older housing stock. West side and central neighborhoods command higher nightly rates and attract more premium guests, but entry prices and payback periods are steeper.

Regulation should always be verified at the city and county level, as Cleveland’s rules are subject to change and may vary by neighborhood. Lodging taxes apply, including a Cuyahoga County occupancy tax (6.5%) and a city transient occupancy tax (3%), so factor these into your underwriting. Seasonality is pronounced, with summer and spring driving the bulk of revenue. Plan for leaner winter months and ensure your property stands out in the shoulder seasons.

Work with a local agent who knows the nuances of Cleveland’s neighborhoods and can help you navigate both the investment math and the regulatory landscape. Connect with a Cleveland short-term rental agent to find the right block for your goals and risk profile.