
Cheap Apartments for Rent in Ray, OH from $300 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Ray.


18 S Court St

Kershaw Greene III

Walnut Hills

Monticello Village

Sater Village Apartments

Timber Creek Apartments

Apple Ridge
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.

Campus Heights Student

Concord Manor Apartments

University Hilltop Apartments

Carlisle Crest

Total Monthly Price
Somerford Square Apartments

Paint Creek Station

ACT APARTMENTS ATHENS AND NELSONVILLE

127 W State 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.

9 Brown Ave

39 Walker

47 1st St

Shawnee Grove

186 W Washington St

Kershaw Greene I

100 Hudson Ave

98 Hudson Ave
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.

Holly Hills Apartments

Pine Ridge

120 N Congress St

61 1st St

116 N Congress St

Sandstone Apartments

Everts Hill

Fox Run Crossing
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.

Riverview Senior Villas

215 S Ewing St

Kershaw Greene II

59.5 Franklin Ave

338 N Columbus St

61 Franklin Ave

11301 Main St

The Studios at 123
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.
Ray, OH Local Guide

How much does it cost to rent an apartment in Ray?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ray Studio Apartments | $958 | $745 | $1,375 |
| Ray 1 Bedroom Apartments | $1,228 | $450 | $2,270 |
| Ray 2 Bedroom Apartments | $1,417 | $675 | $2,320 |
| Ray 3 Bedroom Apartments | $1,262 | $550 | $2,235 |
| Ray 4 Bedroom Apartments | $890 | $575 | $1,209 |
Browse Top Apartments in Ray
See all Apartments in RayExplore Ray
Ray, OH Local Guide
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Cheapest Available Ray Apartments for Rent and Nearby
 The cheapest available apartment rental in Ray, OH is a 1 Bed unit found at HAWK'S NEST ACT APARTMENTS ATHENS priced from $450. Kershaw Greene III has the second lowest priced unit, which is a 1 Bed apartment currently listed from $707. Here is today’s list of the most affordable Ray apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| HAWK'S NEST ACT APARTMENTS ATHENS | Single bed | 1BR,1BA | $450 |
| Kershaw Greene III | One Bedroom | 1BR,1BA | $707 |
| Kershaw Greene I | 2 bdr | 2BR,1BA | $736 |
| Fox Run Crossing | 3 Bedroom | 3BR,1BA | $817 |
| Kershaw Greene II | 3 bdr | 3BR,2BA | $893 |
| Walnut Hills | A1 | 1BR,1BA | $910 |
| Campus Heights Student | 1x1 | 1BR,1BA | $925 |
| Apple Ridge | Sussex | 1BR,1BA | $965 |
| Woodview Estates | Circleville Townhomes- Call For Availability | 2BR,1BA | $1,025 |
| Carlisle Crest | 2 Bdrm Town Home | 2BR,1BA | $1,050 |
Best Value Apartments for Rent in Ray, OH and Nearby
As of May 07, 2026 the best value apartment in the Ray area is the $1.19 price per square foot Unit A Model at 532 N Columbus St in the starting from $1,550. The second greatest value Ray apartment is the Three bedroom apartment Model at 152 Mill St. Luxury apartments near OU starting at $550 with a $0.46 price per square foot . Here is today’s list of the best values for Ray apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 532 N Columbus St | Unit A | 2BR,1BA | $1.19 |
| 152 Mill St. Luxury apartments near OU | Three bedroom apartment | 3BR,1BA | $0.46 |
| Fox Run Crossing | 3 Bedroom | 3BR,1.5BA | $0.72 |
| Kershaw Greene II | 3 bdr | 3BR,2BA | $0.80 |
| University Hilltop Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Woodview Estates | Circleville Townhomes- Call For Availability | 2BR,1BA | $1.15 |
| Kershaw Greene I | 2 bdr | 2BR,1BA | $0.86 |
| 21 S Court St | 2 Bedroom | 2BR,2BA | $0.74 |
| HAWK'S NEST ACT APARTMENTS ATHENS | Single bed | 1BR,1BA | $0.60 |
| Kershaw Greene III | One Bedroom | 1BR,1BA | $1.07 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ray, OH Rentals by Map
See the most popular apartments and homes in Ray, OH
Frequently Asked Questions about Cheap Ray Apartments
How much is rent for a Cheap One Bedroom Ray Apartment?
The lowest price for a Cheap One Bedroom Ray Apartment is $450 at HAWK'S NEST ACT APARTMENTS ATHENS.
What is the lowest price for a Cheap Two Bedroom Ray Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Ray is starting from $675 at HAWK'S NEST ACT APARTMENTS ATHENS.
What is the most affordable Ray Three Bedroom Apartment?
The best deal on a cheap Ray Three Bedroom Apartment rental is at Fox Run Crossing and starts from $817.
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.