The Electric Building

📍 700 Prospect Ave E

Monthly Rent

$1,135

📋 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!

🛡️ 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