Cheap Apartments for Rent in the Five Points Neighborhood of Dayton, OH from $311 (77 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Five Points 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

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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

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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
  • Utilities Included

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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 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 Five Points 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
1067 Salem Ave2 Beds, 1.5 Baths2BR,1BA$880
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

Best Value Apartments for Rent in Five Points, OH

As of September 12, 2026 the best value apartment in the Five Points area is the $0.54 price per square foot 4 Bed / 4 Bath Model at The Flight in the in the Grafton Hill neighborhood starting from $900. The second greatest value Five Points apartment is the 3a Model at Stratford House starting at $1,772 with a $1.15 price per square foot in the Downtown Dayton 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.
The Flight4 Bed / 4 Bath4BR,4BA$0.54
Stratford House3a3BR,2BA$1.15
18-26 HOLT3BR/2.5BA3BR,2.5BA$0.98
Pinetree Apartments in Kettering2 Bed/2.5 Bath2BR,2.5BA$1.11
Executive House2 Bedroom XLarge2BR,1BA$0.92
363 Park Dr, Unit 363 Park Ave363 Park Dr1BR,1BA$0.83
Rockwood Apartments2 BD D,K,A,N2BR,2BA$0.93
1067 Salem Ave2 Beds, 1.5 Baths2BR,1.5BA$0.80
Audubon Crossing2 Bedroom2BR,1BA$1.08
607 E 5th StTwo Bed2BR,1BA$1.15

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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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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 #7

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 $999.

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

The cheapest apartment in Five Points is Audubon Crossing which is listed at $639, while the average apartment in Five Points costs $1,442.

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 4 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 $2,608 which is $0 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

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.