Cheap Apartments for Rent in the Downtown Dayton Neighborhood of Dayton, OH from $300 (27 Rentals)

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

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Dayton's Best Affordable Neighborhoods

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Salemview Apartments
Studio to 1 Bedroom Apartments

Salemview Apartments

72 Central AveDayton, OH 45406
  • Utilities Included

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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Audubon Crossing
1 to 2 Bedroom Apartments

Audubon Crossing

119 Edgewood AveDayton, OH 45402
Senior Living
  • Utilities Included
Showing Results 1-27, Page 1 of 1

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 Studio unit found at 320 Grafton priced from $700. Rockwood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Downtown Dayton apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
320 GraftonStudioStudio,1BA$700
Rockwood ApartmentsStudio C, LStudio,1BA$700
Chamberlain I & II Apartments1A1BR,1BA$730
Executive House1 Bedroom standard1BR,1BA$775
Audubon Crossing1 Bedroom1BR,1BA$790
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$795
310-316 Superior Ave1 Bedroom 1 Bathroom1BR,1BA$818
The SuttonThe AshtonStudio,1BA$870
Art Lofts at the Arcade2 Bedroom Tax Credit***2BR,1BA$943
The Huffman at The Fire Blocks DistrictStudioStudio,1BA$950

Best Value Apartments for Rent in Downtown Dayton, OH

As of December 26, 2025 the best value apartment in the Downtown Dayton area is the $0.89 price per square foot Two Bedroom Two Bathroom Model at Grafton House in the in the Downtown Dayton neighborhood starting from $1,600. The second greatest value Downtown Dayton apartment is the 3c Model at Stratford House starting at $1,599 with a $1.23 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.
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.89
Stratford House3c3BR,2.5BA$1.23
The Livery1x11BR,1BA$0.99
Audubon Crossing1 Bedroom1BR,1BA$0.91
Park Layne Apartments1BD (11th Floor)1BR,1BA$1.34
607 E 5th StTwo Bed2BR,1BA$1.36
Art Lofts at the Arcade1 Bedroom Tax Credit***1BR,1BA$1.31
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$1.20
310-316 Superior Ave1 Bedroom 1 Bathroom1BR,1BA$1.26
Chamberlain I & II Apartments1A1BR,1BA$1.33

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

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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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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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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 a cheap apartment in Downtown Dayton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Dayton is under $950.

What is the price of a cheap apartment in Downtown Dayton?

The cheapest apartment in Downtown Dayton is Chamberlain I & II Apartments which is listed at $730, while the average apartment in Downtown Dayton costs $1,649.

What types of apartments are the cheapest in Downtown 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 10 regular apartments in Downtown 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 Downtown Dayton?

Cheap apartments in Downtown Dayton have an average cost of $165 which is $1,484 cheaper than the average rent for all rentals in Downtown 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.