Cheap Apartments for Rent in the Downtown Dayton Neighborhood of Dayton, OH from $311 (53 Rentals)

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

property at 439 Grafton Ave
$575 - $700
Studio To 1 Bedroom Rentals
Available Now
Affordability

439 Grafton Ave

DaytonOH45406

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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property at 114 Rockwood Ave
$950

Total Monthly Price

Base Rent$950
Total Monthly Price$950
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

114 Rockwood Ave

DaytonOH45405

Rent According to Income: A Look at Income-Restricted Rentals

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Salemview Apartments
Studio to 1 Bedroom Apartments

Salemview Apartments

72 Central AveDayton, OH 45406
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Audubon Crossing
1 to 2 Bedroom Apartments

Audubon Crossing

119 Edgewood AveDayton, OH 45402
Senior Living
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The Livery
1 Bedroom Apartments

The Livery

322 S Patterson BlvdDayton, OH 45402

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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Downtown Dayton, Dayton, OH Local Guide

Cheapest Available Downtown Dayton Apartments for Rent

 

The cheapest available apartment rental in the Downtown Dayton area of Dayton, OH is a 1 Bed unit found at Audubon Crossing priced from $639. Chamberlain I & II Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Downtown Dayton apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
Audubon Crossing1 Bedroom1BR,1BA$639
Chamberlain I & II ApartmentsS41BR,1BA$650
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$795
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$875
Art Lofts at the Arcade1 Bedroom Tax Credit***1BR,1BA$955
607 E 5th StTwo Bed2BR,1BA$975
The Flats on Jefferson1 Bedroom - C1BR,1BA$999
Rockwood Apartments2 BD D,K,A,N2BR,2BA$1,025
Park Layne Apartments1BD (3rd-4th Floor)1BR,1BA$1,025
The View at Dayton TowersThe ParkStudio,1BA$1,039

Best Value Apartments for Rent in Downtown Dayton, OH

As of September 13, 2026 the best value apartment in the Downtown Dayton area is the $1.15 price per square foot 3a Model at Stratford House in the in the Downtown Dayton neighborhood starting from $1,772. The second greatest value Downtown Dayton apartment is the 3BR/2.5BA Model at 18-26 HOLT starting at $1,325 with a $0.98 price per square foot in the Downtown Dayton neighborhood. Here is today’s list of the best values for Downtown Dayton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stratford House3a3BR,2BA$1.15
18-26 HOLT3BR/2.5BA3BR,2.5BA$0.98
Executive House2 Bedroom XLarge2BR,1BA$0.92
Rockwood Apartments2 BD D,K,A,N2BR,2BA$0.93
Audubon Crossing2 Bedroom2BR,1BA$1.08
Park Layne Apartments1BD (3rd-4th Floor)1BR,1BA$1.20
607 E 5th StTwo Bed2BR,1BA$1.15
Art Lofts at the Arcade1 Bedroom Tax Credit***1BR,1BA$1.30
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$1.20
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$1.35

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Central Dayton. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, pet-friendly features, places that make kids happy, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Dayton Apartments

What is the Cheapest Studio apartment in Downtown Dayton?

Currently the most affordable Cheap Studio Apartment in Downtown Dayton is at The View at Dayton Towers listed at $1,039.

How much is rent for a Cheap One Bedroom Downtown Dayton Apartment?

The lowest price for a Cheap One Bedroom Downtown Dayton Apartment is $639 at Audubon Crossing.

What is the lowest price for a Cheap Two Bedroom Downtown Dayton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Dayton is starting from $975 at 607 E 5th St.

What is the most affordable Downtown Dayton Three Bedroom Apartment?

The best deal on a cheap Downtown Dayton Three Bedroom Apartment rental is at Art Lofts at the Arcade and starts from $1,068.

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

decorative image for Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH article

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.