Cheap Apartments for Rent in Dayton, OH from $300 (194 Rentals)

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Search the lowest-cost Apartments available for rent right now in Dayton.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Dayton's Best Affordable Neighborhoods

Learn about Dayton and the best places to live with original content written by our Local Expert Kim Mooneyham

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Dayton, OH Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Dayton, OH

Pricing Updated: 05/02/2026

Current apartment rentals in the Dayton, OH area range in price from $550 to $6,392 with an overall median price of $1,860. The three Dayton neighborhoods with the lowest median rent pricing are Germantown Meadows at $729, Springfield at $550, and Walnut Hills Montgomery at $679. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Dayton Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Germantown Meadows$729$7291
Springfield$855$5502
Walnut Hills Montgomery$895$6794
Linden Heights$929$8452
Santa Clara$945$7503
Arlington Heights$950$9501
Fairlane$950$9501
Highview Hills$950$9501
Pineview$950$5752
Stoney Ridge$950$9501

Cheapest Available Dayton Apartments for Rent

 

The cheapest available apartment rental in Dayton, OH is a 5 Beds unit found at Prime at Wright Apartments and Townhomes in the Faircreek Ridge neighborhood priced from $560. Chamberlain I & II Apartments in the Downtown Dayton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Dayton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prime at Wright Apartments and Townhomes5 Bed 3 Bath Apt with Shared Bath5BR,3BA$560
Chamberlain I & II ApartmentsS31BR,1BA$650
Dean Place ApartmentsStudioStudio,1BA$680
AmhurstBristolStudio,1BA$685
CedargateStudio ApartmentStudio,1BA$685
4644 Burkhardt Ave1 Bedroom, 1 Bathroom1BR,1BA$700
Rockwood ApartmentsStudio C, LStudio,1BA$700
Wright Landing Apartments1 bed/ 1 bath1BR,1BA$700
Churchill Manor1BR/1BA1BR,1BA$715

Best Value Apartments for Rent in Dayton, OH

As of May 03, 2026 the best value apartment in the Dayton area is the $0.21 price per square foot 48 Richmond Ave Model at 48 Richmond Ave, Unit 48 Richmond ave in the in the Downtown Dayton neighborhood starting from $1,100. The second greatest value Dayton apartment is the Two Bedroom Two Bathroom Model at Grafton House starting at $1,600 with a $0.89 price per square foot in the Downtown Dayton neighborhood. Here is today’s list of the best values for Dayton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
48 Richmond Ave, Unit 48 Richmond ave48 Richmond Ave2BR,1.5BA$0.21
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.89
99 Bennington Dr, Unit 10199 Bennington Dr2BR,1BA$0.68
Townhouse Court ApartmentsCT 2B 1.5B2BR,1.5BA$0.95
108 E Norman Ave108 E Norman Ave2BR,1BA$0.99
Prime at Wright Apartments and Townhomes2 Bed 1.5 Bath TH2BR,1.5BA$0.77
Audubon Crossing1 Bedroom1BR,1BA$0.91
Timberlake ApartmentsAugustine2BR,1BA$0.92
1331 Chardon Ct, Unit Apartment C1331 Chardon Ct1BR,1BA$1.00
1116 W Grand Ave1116 W Grand Ave1BR,1BA$0.82

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Dayton Overview

Consistently ranked among some of the most affordable cities in the country as well as maintaining a highly rated educational system and an active itinerary of events and attractions to attend, Dayton is a gem of southwestern Ohio. It sits between 3 major metropolitan areas, but has continued to hold its own identity and preserve its historic image. The mix of a vibrant city life with midwestern values and an advanced health care system, there has never been a better time to find an apartment in Dayton!

Why live in Dayton, OH?

Choosing to move to a Dayton apartment will put you near opportunities in a wide variety of industries, but also features a rich American history that continues to influences businesses, architecture, and leisure alike. Higher education and an expanding network of health care providers and hospitals are of high importance to the community, which serve to improve the overall well-being of its residents.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Dayton, OH Rentals by Map

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Dayton, OH Area Reviews

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Kim • 1+ years in Dayton

February 26, 2025

Affordable, convenient public transportation is available, and there are plenty of places to rent or buy.

Frequently Asked Questions about Cheap Dayton Apartments

What is a cheap apartment in Dayton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Dayton is under $715.

What is the price of a cheap apartment in Dayton?

The cheapest apartment in Dayton is Chamberlain I & II Apartments which is listed at $650, while the average apartment in Dayton costs $1,860.

What types of apartments are the cheapest in Dayton?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 408 regular apartments in Dayton that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Dayton?

Cheap apartments in Dayton have an average cost of $362 which is $1,498 cheaper than the average rent for all rentals in Dayton.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH

Written by: Kim Mooneyham

Once an industrial powerhouse in southwest Ohio, Dayton is gradually changing from a strictly blue-collar city to a light blue-collar/white-collar city with education, tech, and urban development opportunities.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.