
Cheap Apartments for Rent in Peninsula, OH from $785 (32 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

Hampton Knoll
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Cedarwood Village Apartments

Brighton Place

Wyoga Place Apartments - B08

Huntington Hills Townhomes

Meadowood

441-449 Graham Rd

Surrey Park Apartments

Total Monthly Price
Wyndham Ridge
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Heron Springs Apartments

French Mill Apartments

Bridgewater Park Apartments

Hidden Lake Apartments

Williamsburg Townhomes

Creekside Commons East

Pleasant Meadow Apartments

Pheasant Run Apartments
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.

799 McCauley Rd

2228 Liberty St

605 Center Ave

2874 Bailey Rd

7010 Carriage Hill Dr

2356 Bailey Rd

1235 Anderson Rd

1787 Tanglewood Dr
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.
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 | $1,928 | $1,800 | $2,190 |
| Peninsula 1 Bedroom Apartments | $1,535 | $785 | $4,220 |
| Peninsula 2 Bedroom Apartments | $2,005 | $930 | $7,100 |
| Peninsula 3 Bedroom Apartments | $2,105 | $1,080 | $5,370 |
| Peninsula 4 Bedroom Apartments | $1,679 | $1,654 | $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 Merriman Valley Apartments & Townhomes in the Merriman Valley neighborhood priced from $785. The Peaks at Water's Edge in the Stow neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $930. 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 569sqft | 1BR,1BA | $785 |
| The Peaks at Water's Edge | 2 Bed 1 Bath | 2BR,1BA | $930 |
| Cascade Falls | Four Bedroom | 4BR,2BA | $960 |
| Meadowbrook Lake Apartments | 2x1_981 | 2BR,1BA | $975 |
| Hampton Knoll | The Avalon | 1BR,1BA | $988 |
| 441-449 Graham Rd | 2BR 1BA | 2BR,1BA | $1,150 |
| Meadowood | One Bedroom One Bath Apartment | 1BR,1BA | $1,150 |
| Surrey Park Apartments | 2 bedroom 1 bath | 2BR,1BA | $1,275 |
| Brighton Place | Buckingham Townhome | 2BR,1BA | $1,299 |
| Bridgewater Park Apartments | The Avalon | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Peninsula, OH and Nearby
As of August 29, 2026 the best value apartment in the Peninsula area is the $0.95 price per square foot Buckingham Townhome Model at Brighton Place in the in the Call's Farm neighborhood starting from $1,299. The second greatest value Peninsula apartment is the 2BR/2.0BA Model at Creekside Commons East starting at $1,495 with a $1.19 price per square foot in the Stow 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. |
|---|---|---|---|
| Brighton Place | Buckingham Townhome | 2BR,1BA | $0.95 |
| Creekside Commons East | 2BR/2.0BA | 2BR,2BA | $1.19 |
| Mannington Place | Townhome | 2BR,1.5BA | $1.44 |
| Heron Springs Apartments | B4x2 | 2BR,2BA | $1.60 |
| Wyndham Ridge | Traditional 2 BR w/ Dining Room | 2BR,2BA | $1.44 |
| Bridgewater Park Apartments | The Avalon | 2BR,1BA | $1.34 |
| Meadowbrook Lake Apartments | 2x1_981 | 2BR,1BA | $1.15 |
| The Peaks at Water's Edge | 2 Bed 1 Bath | 2BR,1BA | $1.09 |
| 441-449 Graham Rd | 2BR 1BA | 2BR,1BA | $1.35 |
| Hampton Knoll | The Avalon | 1BR,1BA | $1.23 |
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
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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
What is the Cheapest Studio apartment in Peninsula?
Currently the most affordable Cheap Studio Apartment in Peninsula is at Downtown at Valor Acres listed at $1,800.
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 $930 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 Merriman Valley Apartments & Townhomes and starts from $1,240.
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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.