
Cheap Homes for Rent in Peninsula, OH from $800 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Peninsula.


539 E Cuyahoga Falls Ave

1516 W Market St

1211 Seibel Dr

1038 Seibel 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.

1036 Seibel Dr

1020 Seibel Dr

835 Carlysle St

805 Carpenter St

1563 11th St
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.

430 Keenan Ave

476 Laurel Woods Dr

2874 Bailey Rd

3538 Orchard Dr

245 Winchester Rd
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.

6910 Carriage Hill Dr

1206 Mac Dr
Peninsula, OH Local Guide

How much does it cost to rent a home in Peninsula?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peninsula 2 Bedroom Homes for Rent | $1,502 | $950 | $2,800 |
| Peninsula 3 Bedroom Homes for Rent | $2,048 | $1,250 | $5,000 |
| Peninsula 4 Bedroom Homes for Rent | $3,150 | $2,800 | $3,500 |
| Peninsula 5 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
Browse Top Homes for Rent in Peninsula
Explore Peninsula
Peninsula, OH Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $815. Pine Mill Ridge Apartments in the Merriman Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. 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 | $815 |
| Pine Mill Ridge Apartments | 1 Bed | 1BR,1BA | $825 |
| Hampton Knoll | The Avalon | 1BR,1BA | $945 |
| Cascade Falls | Four Bedroom | 4BR,2BA | $960 |
| Meadowbrook Lake Apartments | 2x1_981 | 2BR,1BA | $975 |
Best Value Apartments for Rent in Peninsula, OH and Nearby
As of May 05, 2026 the best value apartment in the Peninsula area is the $1.46 price per square foot 2bx2b_Declan_Granite_1G_1D Model at Grand Bay Apartments and Townhomes in the in the Windward Hills neighborhood starting from $2,275. The second greatest value Peninsula apartment is the Four Bedroom Model at Cascade Falls starting at $960 with a $0.76 price per square foot in the Northwest Akron 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_1G_1D | 2BR,2BA | $1.46 |
| Cascade Falls | Four Bedroom | 4BR,2BA | $0.76 |
| Creekside Commons East | 2BR/2.0BA | 2BR,2BA | $1.27 |
| Wyndham Ridge | Traditional 2 Bedroom with Den | 2BR,2BA | $1.40 |
| Mannington Place | Townhome Plus | 2BR,2.5BA | $1.47 |
| Bridgewater Park Apartments | The Bainbridge | 2BR,2BA | $1.25 |
| Meadowbrook Lake Apartments | 2x1_981 | 2BR,1BA | $1.15 |
| Hampton Knoll | The Avalon | 1BR,1BA | $1.17 |
| Pine Mill Ridge Apartments | 1 Bed | 1BR,1BA | $1.30 |
| Merriman Valley Apartments & Townhomes | 1 Bed 1 Bath 569sqft | 1BR,1BA | $1.43 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 Peninsula
What type of rentals are currently available in Peninsula?
There are currently 42 Apartments for Rent in Peninsula, OH with pricing that ranges from $815 to $6,750. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peninsula ranging from $895 to $5,000.
What is the current price range for Rental Homes in Peninsula?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peninsula ranges from $895 to $5,000 with an average monthly rent of $2,359.
How much are larger Three and Four Bedroom Rentals in Peninsula?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peninsula range from $1,195 to $4,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,554.
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 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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.