
Cheap Homes for Rent in Peninsula, OH from $900 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Peninsula.


1857-1859-1859 Cromwell Dr

539 E Cuyahoga Falls Ave

1516 W Market St

4366 Elmhurst Dr
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.

2398 Echo Valley Dr

2358 Echo Valley Dr

146 Wadsworth Ave

1211 Seibel Dr

1038 Seibel Dr
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.

1036 Seibel Dr

1020 Seibel Dr

835 Carlysle St

805 Carpenter St

245 Winchester Rd
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.

69 E Lowell Ave
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 | $1,364 | $929 | $2,850 |
| Peninsula 3 Bedroom Homes for Rent | $2,280 | $1,250 | $5,000 |
| Peninsula 4 Bedroom Homes for Rent | $3,633 | $1,400 | $6,500 |
| Peninsula 5 Bedroom Homes for Rent | $5,483 | $4,550 | $6,000 |
| Peninsula 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Top Homes for Rent in Peninsula
Explore 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 $830. Hampton Knoll in the Merriman Valley neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. 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 | $830 |
| Hampton Knoll | The Avalon | 1BR,1BA | $895 |
| Pheasant Run Apartments | 1 BD Standard | 1BR,1BA | $950 |
| Cedarwood Village Apartments | The Sand Run | 1BR,1BA | $959 |
| Cascade Falls | Four Bedroom | 4BR,2BA | $960 |
Best Value Apartments for Rent in Peninsula, OH and Nearby
As of March 19, 2026 the best value apartment in the Peninsula area is the $1.56 price per square foot Forestwood Model at Redwood Cuyahoga Falls West Bath Road in the in the Merriman Valley neighborhood starting from $2,024. The second greatest value Peninsula apartment is the Newport Model at Linden Lane starting at $1,500 with a $1.32 price per square foot in the East Steels Corners 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. |
|---|---|---|---|
| Redwood Cuyahoga Falls West Bath Road | Forestwood | 2BR,2BA | $1.56 |
| Linden Lane | Newport | 2BR,2BA | $1.32 |
| Mannington Place | Townhome Plus | 2BR,2.5BA | $1.47 |
| Wyndham Ridge | Traditional 2 Bedroom 1 Bath | 2BR,1BA | $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 | $1.28 |
| Brighton Place | Kensington | 1BR,1BA | $1.54 |
| 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 | $1.46 |
10 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 40 Apartments for Rent in Peninsula, OH with pricing that ranges from $750 to $6,510. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peninsula ranging from $929 to $6,500.
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 $929 to $6,500 with an average monthly rent of $3,320.
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 $1,000 to $5,330, 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 $1,400 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.