
Cheap Apartments for Rent in Peninsula, OH from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Peninsula.


Pine Mill Ridge Apartments

The Peaks at Water's Edge

Merriman Valley Apartments & Townhomes

Hampton Knoll

Cedarwood Village Apartments

Pheasant Run 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.

Cascade Falls

Meadowbrook Lake Apartments

Linden Lane

Meadowood

Surrey Park Apartments

Heron Springs Apartments

Huntington Hills Apartments
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.

Wyndham Ridge

Wyoga Place Apartments

Bridgewater Park Apartments

French Mill Apartments

15 Neal Ct

Pleasant Meadow Apartments

Brighton Place
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.

1788 Tanglewood Dr

146 Wadsworth Ave

1211 Seibel Dr

1038 Seibel Dr

1036 Seibel Dr

1020 Seibel Dr

2176 Thurmont Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1688 Karg Dr

1690 Karg Dr
Peninsula, OH Local Guide

How much does it cost to rent an apartment in Peninsula?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peninsula 1 Bedroom Apartments | $1,159 | $750 | $2,775 |
| Peninsula 2 Bedroom Apartments | $1,720 | $900 | $6,680 |
| Peninsula 3 Bedroom Apartments | $1,864 | $1,000 | $4,390 |
| Peninsula 4 Bedroom Apartments | $1,645 | $1,554 | $1,729 |
Browse Top Apartments in Peninsula
See all Apartments in PeninsulaExplore Peninsula
Peninsula, OH Local Guide
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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 The Peaks at Water's Edge in the East Steels Corners neighborhood priced from $800. Merriman Valley Apartments & Townhomes in the Merriman Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. Here is today’s list of the most affordable Peninsula apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Peaks at Water's Edge | 1 Bed 1 Bath | 1BR,1BA | $800 |
| Merriman Valley Apartments & Townhomes | 1 Bed 1 Bath 569sqft | 1BR,1BA | $860 |
| Hampton Knoll | The Avalon | 1BR,1BA | $895 |
| Pine Mill Ridge Apartments | 2x2 loft | 2BR,1BA | $925 |
| Cedarwood Village Apartments | The Sand Run | 1BR,1BA | $949 |
| Pheasant Run Apartments | 1 BD Standard | 1BR,1BA | $950 |
| Cascade Falls | Four Bedroom | 4BR,2BA | $960 |
| Brighton Place | Kensington | 1BR,1BA | $984 |
| Meadowood | One Bedroom One Bath Apartment | 1BR,1BA | $995 |
| Surrey Park Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Peninsula, OH and Nearby
As of January 11, 2026 the best value apartment in the Peninsula area is the $1.49 price per square foot 2bx2b_Declan_Granite_2G Model at Grand Bay Apartments and Townhomes in the in the Windward Hills neighborhood starting from $2,315. 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. |
|---|---|---|---|
| Grand Bay Apartments and Townhomes | 2bx2b_Declan_Granite_2G | 2BR,2BA | $1.49 |
| Mannington Place | Townhome Plus | 2BR,2.5BA | $1.47 |
| Pine Mill Ridge Apartments | 2x2 loft | 2BR,1.5BA | $0.88 |
| Wyndham Ridge | Craftsman 2 Bedroom 2 Bath | 2BR,2BA | $1.33 |
| Pheasant Run Apartments | 1 BD w/ Den Rebuild | 1BR,1BA | $1.50 |
| Hampton Knoll | The Avalon | 1BR,1BA | $1.11 |
| Cedarwood Village Apartments | The Sand Run | 1BR,1BA | $1.27 |
| Brighton Place | Kensington | 1BR,1BA | $1.51 |
| The Peaks at Water's Edge | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
| Merriman Valley Apartments & Townhomes | 1 Bed 1 Bath 569sqft | 1BR,1BA | $1.51 |
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 ArticleThe 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.
Read ArticleCash 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.
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 $800 at The Peaks at Water's Edge.
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 $900 at The Peaks at Water's Edge.
What is the most affordable Peninsula Three Bedroom Apartment?
The best deal on a cheap Peninsula Three Bedroom Apartment rental is at Cedarwood Village Apartments and starts from $1,245.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!