Cheap Apartments for Rent in the Five Points Neighborhood of Dayton, OH from $300 (48 Rentals)

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

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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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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Audubon Crossing
1 to 2 Bedroom Apartments

Audubon Crossing

119 Edgewood AveDayton, OH 45402
Senior Living
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1067 Salem Ave
Studio to 2 Bedroom Apartments

1067 Salem Ave

1067 Salem AveDayton, OH 45406

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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The Livery
1 Bedroom Apartments

The Livery

322 S Patterson BlvdDayton, OH 45402
Showing Results 1-48, Page 1 of 1

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 $700. 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$700
Audubon Crossing1 Bedroom1BR,1BA$790
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$795
Rockwood Apartments1 BD J1BR,1BA$795
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$875
1067 Salem Ave2 Beds, 1.5 Baths2BR,1BA$880

Best Value Apartments for Rent in Five Points, OH

As of July 21, 2026 the best value apartment in the Five Points area is the $0.93 price per square foot Two Bedroom Two Bathroom Model at Grafton House in the in the Downtown Dayton neighborhood starting from $1,674. The second greatest value Five Points apartment is the 2 Bed/2.5 Bath Model at Pinetree Apartments in Kettering starting at $1,447 with a $1.11 price per square foot in the MacFarlane 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.
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.93
Pinetree Apartments in Kettering2 Bed/2.5 Bath2BR,2.5BA$1.11
1067 Salem Ave2 Beds, 1.5 Baths2BR,1.5BA$0.80
Rockwood Apartments2 BD D,K,A,N2BR,2BA$0.93
The Flight2 Bed / 2 Bath2BR,2BA$0.91
Audubon Crossing2 Bedroom2BR,1BA$1.08
Executive House2 Bedroom Standard2BR,1BA$1.24
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 ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$1.20

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 #8

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 $880.

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 15 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 $2,104 which is $2,096 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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.