Cheap Apartments for Rent in the Five Points Neighborhood of Dayton, OH from $300 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Five Points 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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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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Rice Terrace
1 Bedroom Apartments

Rice Terrace

2525 Lakeview AveDayton, OH 45417
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Audubon Crossing
1 to 2 Bedroom Apartments

Audubon Crossing

119 Edgewood AveDayton, OH 45402
Senior Living
  • 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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Showing Results 1-50, Page 1 of 2

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. 320 Grafton has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Five Points apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
Chamberlain I & II ApartmentsS31BR,1BA$650
320 GraftonStudioStudio,1BA$750
Executive House1 Bedroom standard1BR,1BA$775
Audubon Crossing1 Bedroom1BR,1BA$790
Rockwood Apartments1 BD I & M1BR,1BA$795
Riverstone Apartments1 BD Standard1BR,1BA$795
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$825
The SuttonThe AshtonStudio,1BA$870
Art Lofts at the Arcade1 Bedroom Tax Credit***1BR,1BA$955

Best Value Apartments for Rent in Five Points, OH

As of April 19, 2026 the best value apartment in the Five Points 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 Five Points 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 Five Points 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
Pinetree Apartments in Kettering2 Bed/2 Bath Garden2BR,2BA$1.14
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
Rockwood Apartments1 BD I & M1BR,1BA$1.14
Riverstone Apartments1 BD Standard1BR,1BA$1.20
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$1.27

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign 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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Quick Rent Budget Calculator

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 #11

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 the Cheapest Studio apartment in Five Points?

Currently the most affordable Cheap Studio Apartment in Five Points is at 320 Grafton listed at $750.

How much is rent for a Cheap One Bedroom Five Points Apartment?

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

What is the lowest price for a Cheap Two Bedroom Five Points Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Five Points is starting from $817 at Audubon Crossing.

What is the most affordable Five Points Three Bedroom Apartment?

The best deal on a cheap Five Points Three Bedroom Apartment rental is at The Flight and starts from $980.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.