Cheap Apartments for Rent in the Five Points Neighborhood of Dayton, OH from $300 (63 Rentals)

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

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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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100 Victor Ave, Unit 2
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000
2 Bedroom Apartment Available Now

100 Victor Ave, Unit 2

100 Victor AveDayton, OH 45405
Affordability
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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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May-Lin Manor
1 to 2 Bedroom Apartments

May-Lin Manor

1711-1715 McArthur AveDayton, OH 45417
  • Utilities Included
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Salemview Apartments
Studio to 1 Bedroom Apartments

Salemview Apartments

72 Central AveDayton, OH 45406
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Omega Senior Lofts
1 to 2 Bedroom Apartments

Omega Senior Lofts

1461 Cornell DrDayton, OH 45406
Senior Living
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113 Niagara Ave
1 Bedroom Apartments

113 Niagara Ave

113 Niagara AveDayton, OH 45405
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Rice Terrace
1 Bedroom Apartments

Rice Terrace

2525 Lakeview AveDayton, OH 45417

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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Five Points, Dayton, OH Local Guide

Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points area of Dayton, OH is a 1 Bed unit found at Chamberlain I & II Apartments priced from $650. 113 Niagara Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Five Points apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
Chamberlain I & II ApartmentsS31BR,1BA$650
113 Niagara Ave1 Beds, 1 Baths1BR,1BA$650
Rockwood ApartmentsStudio C, LStudio,1BA$700
320 GraftonStudioStudio,1BA$700
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

Best Value Apartments for Rent in Five Points, OH

As of June 03, 2026 the best value apartment in the Five Points area is the $1.11 price per square foot 2 Bed/2.5 Bath Model at Pinetree Apartments in Kettering in the in the MacFarlane neighborhood starting from $1,447. The second greatest value Five Points apartment is the 2 Bed / 2 Bath Model at The Flight starting at $999 with a $0.91 price per square foot in the Grafton Hill neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinetree Apartments in Kettering2 Bed/2.5 Bath2BR,2.5BA$1.11
The Flight2 Bed / 2 Bath2BR,2BA$0.91
113 Niagara Ave1 Beds, 1 Baths1BR,1BA$0.67
Audubon Crossing2 Bedroom2BR,1BA$1.08
Park Layne Apartments1BD (11th Floor)1BR,1BA$1.34
100 Victor Ave, Unit 2100 Victor Ave2BR,1BA$1.18
341 Park Dr, Unit 341A Park Drive341 Park Dr1BR,1BA$1.20
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

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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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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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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Pet Friendly Lifestyle
Five Points, Dayton, OH

Ranked #5

Among cities in Ohio for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Five Points, Dayton, and the greater Dayton area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Five Points Apartments

What is a cheap apartment in Five Points?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $870.

What is the price of a cheap apartment in Five Points?

The cheapest apartment in Five Points is Chamberlain I & II Apartments which is listed at $650, while the average apartment in Five Points costs $4,200.

What types of apartments are the cheapest in Five Points?

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 19 regular apartments in Five Points 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 Five Points?

Cheap apartments in Five Points have an average cost of $1,117 which is $3,083 cheaper than the average rent for all rentals in Five Points.

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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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.