
Cheap Apartments for Rent in Peninsula, OH from $700 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Peninsula.


Merriman Valley Apartments & Townhomes

Pine Mill Ridge Apartments

The Peaks at Water's Edge

Cascade Falls

Meadowbrook Lake Apartments

Linden Lane

Brighton Place

Cedarwood Village Apartments
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.

Meadowood

Hampton Knoll

Wyoga Place Apartments

Huntington Hills Apartments

Bridgewater Park Apartments

441-449 Graham Rd

Surrey Park Apartments

French Mill Apartments

Heron Springs Apartments
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.

Wyndham Ridge

539 E Cuyahoga Falls Ave

Pheasant Run Apartments

Pleasant Meadow Apartments

476 Laurel Woods Dr

805 Carpenter St

1211 Seibel Dr

1038 Seibel Dr

1036 Seibel Dr
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.

1020 Seibel Dr

1563 11th St

1435 Buckingham Gate Blvd

2874 Bailey Rd

1987 King Dr

245 Winchester Rd

3570 Franklin Rd

1832 15th St

2775 6th St
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.
Peninsula, OH Local Guide

How much does it cost to rent an apartment in Peninsula?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peninsula Studio Apartments | $2,190 | $2,190 | $2,190 |
| Peninsula 1 Bedroom Apartments | $1,292 | $775 | $4,220 |
| Peninsula 2 Bedroom Apartments | $1,810 | $900 | $6,690 |
| Peninsula 3 Bedroom Apartments | $1,836 | $1,195 | $4,240 |
| Peninsula 4 Bedroom Apartments | $1,554 | $1,554 | $1,554 |
Browse Top Apartments in Peninsula
See all Apartments in PeninsulaExplore Peninsula
Peninsula, OH Local Guide
- Nearby Cities
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Cheapest Available Peninsula Apartments for Rent and Nearby
 The cheapest available apartment rental in Peninsula, OH is a 1 Bed unit found at Merriman Valley Apartments & Townhomes in the Merriman Valley neighborhood priced from $785. Meadowbrook Lake Apartments in the Call's Farm neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $975. Here is today’s list of the most affordable Peninsula apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Merriman Valley Apartments & Townhomes | 1 Bed 1 Bath A - 596sqft | 1BR,1BA | $785 |
| Meadowbrook Lake Apartments | 2x1_981 | 2BR,1BA | $975 |
| The Peaks at Water's Edge | 2 Bed 1 Bath Premium (plank/cab/appli) | 2BR,1BA | $975 |
| Brighton Place | Kensington | 1BR,1BA | $989 |
| Meadowood | One Bedroom One Bath Apartment | 1BR,1BA | $1,010 |
| Hampton Knoll | The Avalon | 1BR,1BA | $1,020 |
| Wyoga Place Apartments | Two Bedroom/One Bath | 2BR,1BA | $1,185 |
| Bridgewater Park Apartments | The Avalon | 2BR,1BA | $1,200 |
| 441-449 Graham Rd | 2BR 1BA | 2BR,1BA | $1,250 |
| Eaton Ridge | The Brandywine | 1BR,1BA | $1,529 |
Best Value Apartments for Rent in Peninsula, OH and Nearby
As of May 30, 2026 the best value apartment in the Peninsula area is the $1.27 price per square foot 2BR/2.0BA Model at Creekside Commons East in the in the East Steels Corners neighborhood starting from $1,595. The second greatest value Peninsula apartment is the Townhome Plus Model at Mannington Place starting at $1,659 with a $1.47 price per square foot in the Call's Farm neighborhood. Here is today’s list of the best values for Peninsula apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Creekside Commons East | 2BR/2.0BA | 2BR,2BA | $1.27 |
| Mannington Place | Townhome Plus | 2BR,2.5BA | $1.47 |
| Bridgewater Park Apartments | The Bainbridge | 2BR,2BA | $1.25 |
| Wyndham Ridge | Craftsman 2 Bedroom 2 Bath | 2BR,2BA | $1.53 |
| The Peaks at Water's Edge | 2 Bed 1 Bath Premium (plank/cab/appli) | 2BR,1BA | $1.15 |
| Meadowbrook Lake Apartments | 2x1_981 | 2BR,1BA | $1.15 |
| 441-449 Graham Rd | 2BR 1BA | 2BR,1BA | $1.47 |
| Hampton Knoll | The Avalon | 1BR,1BA | $1.27 |
| Brighton Place | Kensington | 1BR,1BA | $1.52 |
| Merriman Valley Apartments & Townhomes | 1 Bed 1 Bath A - 596sqft | 1BR,1BA | $1.32 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Peninsula, OH
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peninsula, OH Rentals by Map
See the most popular apartments and homes in Peninsula, OH
Frequently Asked Questions about Cheap Peninsula Apartments
How much is rent for a Cheap One Bedroom Peninsula Apartment?
The lowest price for a Cheap One Bedroom Peninsula Apartment is $785 at Merriman Valley Apartments & Townhomes.
What is the lowest price for a Cheap Two Bedroom Peninsula Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peninsula is starting from $975 at Meadowbrook Lake Apartments.
What is the most affordable Peninsula Three Bedroom Apartment?
The best deal on a cheap Peninsula Three Bedroom Apartment rental is at Merriman Valley Apartments & Townhomes and starts from $1,225.
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

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.

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.