
Cheap Homes for Rent in Ray, OH from $400 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Ray.


9 Brown Ave

39 Walker

47 1st St

186 W Washington St

100 Hudson Ave
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.

98 Hudson Ave

120 N Congress St

61 1st St

116 N Congress St

11301 Main St

215 S Ewing 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.

3117 Walnut St

1401 8th Ave

338 N Columbus St

33 N Paint St

233 Beechwood St

23 Pine St
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.
Ray, OH Local Guide

How much does it cost to rent a home in Ray?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ray 2 Bedroom Homes for Rent | $1,094 | $900 | $1,250 |
| Ray 3 Bedroom Homes for Rent | $1,449 | $625 | $3,400 |
| Ray 4 Bedroom Homes for Rent | $1,540 | $486 | $3,500 |
| Ray 5 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
| Ray 6 Bedroom Homes for Rent | $483 | $483 | $483 |
| Ray 7 Bedroom Homes for Rent | $685 | $685 | $685 |
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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 I has the second lowest priced unit, which is a 1 Bed apartment currently listed from $683. 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 I | 1 bdr | 1BR,1BA | $683 |
| Kershaw Greene II | 2 bdr | 2BR,1BA | $736 |
| Kershaw Greene III | Two Bedroom | 2BR,1BA | $811 |
| Fox Run Crossing | 3 Bedroom | 3BR,1BA | $817 |
Best Value Apartments for Rent in Ray, OH and Nearby
As of June 22, 2026 the best value apartment in the Ray area is the $0.46 price per square foot Three bedroom apartment Model at 152 Mill St. Luxury apartments near OU in the starting from $550. The second greatest value Ray apartment is the York - Renovated Model at The Summit at Coates Run starting at $880 with a $0.75 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. |
|---|---|---|---|
| 152 Mill St. Luxury apartments near OU | Three bedroom apartment | 3BR,1BA | $0.46 |
| The Summit at Coates Run | York - Renovated | 3BR,3BA | $0.75 |
| Fox Run Crossing | 3 Bedroom | 3BR,1.5BA | $0.72 |
| University Hilltop Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.11 |
| Woodview Estates | Circleville Townhomes- Call For Availability | 2BR,1BA | $1.15 |
| Kershaw Greene III | Two Bedroom | 2BR,1BA | $0.92 |
| Kershaw Greene II | 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 I | 1 bdr | 1BR,1BA | $1.03 |
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!
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Frequently Asked Questions about Ray
What type of rentals are currently available in Ray?
There are currently 55 Apartments for Rent in Ray, OH with pricing that ranges from $450 to $2,900. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ray ranging from $483 to $3,500.
What is the current price range for Rental Homes in Ray?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ray ranges from $483 to $3,500 with an average monthly rent of $1,198.
How much are larger Three and Four Bedroom Rentals in Ray?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ray range from $550 to $2,235, while Three Bedroom Homes, Condos, and Townhomes for rent range from $625 to $3,400. Four Bedroom Single-Family rentals are also available starting from $486 and Four Bedroom Apartments start at $575.
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

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.

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.

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.

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.