Cheap Apartments for Rent in the Downtown Dayton Neighborhood of Dayton, OH from $300 (36 Rentals)

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

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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Showing Results 1-36, 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 1 Bed unit found at Chamberlain I & II Apartments priced from $650. 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
Chamberlain I & II ApartmentsS31BR,1BA$650
Rockwood ApartmentsStudio C, LStudio,1BA$700
320 GraftonStudioStudio,1BA$750
Executive House1 Bedroom standard1BR,1BA$775
Audubon Crossing1 Bedroom1BR,1BA$790
Riverstone Apartments1 BD Standard1BR,1BA$795
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$825
The SuttonThe AshtonStudio,1BA$870
The Huffman at The Fire Blocks DistrictWilliam A.Studio,1BA$950
Art Lofts at the Arcade1 Bedroom Tax Credit***1BR,1BA$955

Best Value Apartments for Rent in Downtown Dayton, OH

As of April 29, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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
Audubon Crossing1 Bedroom1BR,1BA$0.91
Park Layne Apartments1BD (9th-10th Floor)1BR,1BA$1.30
607 E 5th StTwo Bed2BR,1BA$1.36
Art Lofts at the Arcade1 Bedroom Tax Credit***1BR,1BA$1.30
Riverstone Apartments1 BD Standard1BR,1BA$1.20
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$1.27
Executive House1 Bedroom standard1BR,1BA$1.46
Rockwood ApartmentsStudio C, LStudio ,1BA$1.37

10 Hidden Costs of Renting You Should Budget for Before Signing 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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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 Rockwood Apartments listed at $700.

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

The lowest price for a Cheap One Bedroom Downtown Dayton Apartment is $650 at Chamberlain I & II Apartments.

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 $817 at Audubon Crossing.

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

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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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.