Cheap Apartments for Rent in the Mount Vernon Neighborhood of Dayton, OH from $300 (56 Rentals)

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

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505 Brookwood Ct
1 Bedroom Apartments

505 Brookwood Ct

505 Brookwood CtDayton, OH 45405
Senior Living
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Valerie Woods
1 to 3 Bedroom Apartments

Valerie Woods

3420-3498 Valerie Arms DrDayton, OH 45405
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Salemview Apartments
Studio to 1 Bedroom Apartments

Salemview Apartments

72 Central AveDayton, OH 45406
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2247-2263 Hepburn Ave
1 Bedroom Apartments

2247-2263 Hepburn Ave

2247-2263 Hepburn 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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Mount Vernon, Dayton, OH Local Guide

Cheapest Available Mount Vernon Apartments for Rent

 

The cheapest available apartment rental in the Mount Vernon area of Dayton, OH is a Studio unit found at 320 Grafton priced from $700. Rockwood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Mount Vernon apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
320 GraftonStudioStudio,1BA$700
Rockwood ApartmentsStudio C, LStudio,1BA$700
Chamberlain I & II Apartments1A1BR,1BA$713
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$775
Executive House1 Bedroom standard1BR,1BA$775

Best Value Apartments for Rent in Mount Vernon, OH

As of January 02, 2026 the best value apartment in the Mount Vernon area is the $0.89 price per square foot Two Bedroom Two Bathroom Model at Grafton House in the in the Downtown Dayton neighborhood starting from $1,600. The second greatest value Mount Vernon apartment is the 3653 Karwin Dr Model at 3653 Karwin Dr, Unit 3653 starting at $700 with a $0.64 price per square foot in the MacFarlane neighborhood. Here is today’s list of the best values for Mount Vernon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.89
3653 Karwin Dr, Unit 36533653 Karwin Dr2BR,1BA$0.64
The Livery1x11BR,1BA$0.99
108 E Norman Ave, Unit 3108 E Norman Ave2BR,1BA$0.93
Audubon Crossing1 Bedroom1BR,1BA$0.91
2715 Riverside Dr, Unit D2715 Riverside Dr2BR,1BA$0.97
Stillwater Park Apartments in Dayton OhioFor Rent - Renovated 1 Bedroom Apartment in Day...1BR,1BA$1.07
1116 W Grand Ave, Unit Apartment #11116 W Grand Ave1BR,1BA$0.82
2112 Catalpa Dr, Unit 22112 Catalpa Dr1BR,1BA$1.00
203 Ryburn Ave, Unit 1203 Ryburn Ave1BR,1BA$1.00

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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

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Ohio, including Dayton. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, places to raise kids, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Mount Vernon Apartments

What is a cheap apartment in Mount Vernon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mount Vernon is under $775.

What is the price of a cheap apartment in Mount Vernon?

The cheapest apartment in Mount Vernon is Chamberlain I & II Apartments which is listed at $713, while the average apartment in Mount Vernon costs $1,624.

What types of apartments are the cheapest in Mount Vernon?

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 10 regular apartments in Mount Vernon 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 Mount Vernon?

Cheap apartments in Mount Vernon have an average cost of $118 which is $1,506 cheaper than the average rent for all rentals in Mount Vernon.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.