The Electric Building

📍 700 Prospect Ave E, Cleveland, OH 44115

Monthly Rent

$840 – $1,795

Bedrooms

Studio–2 bd

Bathrooms

1–2.5 ba

Sq Feet

375–1,145 sq ft

📋 Property Overview

The Electric Building, a historic Cleveland landmark that has been thoughtfully updated, blends the city's rich history with modern conveniences. Our studio, 1, and 2-bedroom apartments ranging from 375-1,145 sq. ft. feature high-end finishes, smart lock for keyless entry, ecobee smart thermostat with app control, and stunning city views of the Cleveland skyline. Located in the heart of downtown Cleveland's Gateway District, you will have access to public transportation right outside and is located just steps from East 4th Street, The Cleveland Arcade, Playhouse Square, Rocket Arena, Progressive Field, and Cleveland's top dining, entertainment, and nightlife venues. We are also just down the street from the future home of Cosm Cleveland! Our community features a 24/7 state-of-the-art fitness center, a community lounge, controlled access entry, and 24-hour security monitoring. We are pet-friendly!

🏘️ Neighborhood

Located right in the heart of Downtown Cleveland, Public Square is a park-like, walkable neighborhood. The area is anchored by the namesake park, Cleveland Public Square, an urban plaza featuring a seasonal skating rink, public art, food trucks, a splash pad, and more. A great option for professionals, the area houses several government buildings, courts, offices, and convention centers. Being right in the middle of downtown allows residents to enjoy the perks of living in the mix of a bustling city. Restaurants, bars, and entertainment venues are within walking distance for some apartments, but Public Square is also home to a rail station if you need to take a trip across the city. The eateries here are diverse, featuring cuisine from all cultures and diets from New American to Mexican to vegetarian. Entertainment hubs like the House of Blues Cleveland, Rocket Mortgage FieldHouse, and Progressive Field provide endless options for excitement. Learn more about living in Public Square

🛡️ Renters Insurance — Estimated Cost

Estimated range for Ohio at $20,000 – $24,999 of personal property

$13–$16/ monthEstimate — not a quote

About $165–$184 a year.

Based on what Ohio renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 756,038 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

Compare what companies charge and get a real quote