Cheap Homes for Rent in Peninsula, OH from $800 (18 Rentals)

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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.

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.

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.

Peninsula, OH Local Guide

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 East Steels Corners neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Peninsula apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Merriman Valley Apartments & Townhomes1 Bed 1 Bath A - 596sqft1BR,1BA$785
The Peaks at Water's Edge1 Bed 1 Bath1BR,1BA$850
Meadowbrook Lake Apartments2x1_9812BR,1BA$975
Hampton KnollThe Avalon1BR,1BA$1,020
MeadowoodOne Bedroom One Bath Apartment1BR,1BA$1,040

Best Value Apartments for Rent in Peninsula, OH and Nearby

As of June 19, 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 Three Bedroom Model at Cascade Falls starting at $1,454 with a $1.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Creekside Commons East2BR/2.0BA2BR,2BA$1.27
Cascade FallsThree Bedroom3BR,2BA$1.25
Huntington Hills Apartments3 bedroom3BR,1.5BA$1.20
Bridgewater Park ApartmentsThe Bainbridge2BR,2BA$1.25
Wyndham RidgeTraditional 2 BR w/ Dining Room2BR,2BA$1.48
Meadowbrook Lake Apartments2x1_9812BR,1BA$1.15
441-449 Graham Rd2BR 1BA2BR,1BA$1.47
Hampton KnollThe Avalon1BR,1BA$1.27
The Peaks at Water's Edge1 Bed 1 Bath1BR,1BA$1.37
Merriman Valley Apartments & Townhomes1 Bed 1 Bath A - 596sqft1BR,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.

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Peninsula

What type of rentals are currently available in Peninsula?

There are currently 43 Apartments for Rent in Peninsula, OH with pricing that ranges from $775 to $4,290. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peninsula ranging from $895 to $4,200.

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 $4,200 with an average monthly rent of $2,436.

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 $4,240, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $1,654.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.