Most Affordable Neighborhoods in Dayton, OH
Some of the cheapest neighborhoods in Dayton are Old Dayton, Walnut Hills-Montgomery, and Grafton Hill. These neighborhoods offer some of the lowest rent prices in Dayton, making them ideal for renters on a budget. As of April 12, 2025, the average rent in Dayton is $961, which is 1.8% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Old Dayton
Average Rent
$668/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Dayton, Old Dayton might be the perfect place! It has an average rent price of $668, while the city’s average stands at $961. In the last year, prices have increased by 1%. Old Dayton is near Central State University, Sunrise MetroPark, and Mccook Shopping Center.
Walnut Hills-Montgomery
Average Rent
$768/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
0/100
Units Available
10 Rentals
Situated east of the University of Dayton, the Walnut Hills-Montgomery neighborhood provides fast access to campus. The neighborhood is named for the large number of walnut trees in the area, which shade some of the cobblestone streets that still exist in this well-established neighborhood. While mostly residential, renters will find a variety of stores, restaurants, and other businesses along Wayne Avenue.
Grafton Hill
Average Rent
$784/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
2/100
Units Available
27 Rentals
Grafton Hill is a historic neighborhood known for its beautiful architecture and proximity to the Dayton Art Institute. Renters will enjoy the quiet, tree-lined streets and access to local parks and cultural attractions.
Belmont
Average Rent
$814/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
0/100
Units Available
17 Rentals
Belmont is adjacent to the University of Dayton, making it a popular location for students. Downtown Dayton is a few miles northwest of Belmont, and commuters can reach the city center by taking County Road 48. The neighborhood contains a variety of shops and restaurants, especially along Watervliet Avenue.
Fort McKinley
Average Rent
$868/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
0/100
Units Available
18 Rentals
Fort McKinley is a large neighborhood on the northwest side of Dayton. It’s home to the Miami Valley Golf Club and is east of the vast Sycamore State Park, which covers 2,384 acres and offers trails, fishing, and winter sports.
Shroyer Park
Average Rent
$897/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
0/100
Units Available
39 Rentals
Shroyer Park offers spacious homes and tree-lined streets. Renters will enjoy the proximity to the University of Dayton, parks, and shopping centers. The neighborhood provides a peaceful suburban retreat with easy access to downtown Dayton.
Northridge Estates
Average Rent
$899/Month
Year-Over-Year Rent Change
7.5%
TransitScore® Rating
0/100
Units Available
12 Rentals
Northridge Estates is a quiet suburban neighborhood offering spacious homes and access to local schools and parks. Renters will appreciate the proximity to shopping and dining options. The area provides a peaceful retreat while still being close to major highways.
Eastern Hills
Average Rent
$903/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
0/100
Units Available
8 Rentals
Eastern Hills is a quiet, residential neighborhood located roughly four miles from the University of Dayton. Renters will enjoy the suburban feel while still being close to campus, as well as to nearby shopping and dining options.
Northwest
Average Rent
$930/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
0/100
Units Available
63 Rentals
Northwest Dayton offers a suburban atmosphere with easy access to local parks, schools, and shopping centers. Renters will appreciate the affordable housing options and the convenient access to downtown Dayton.
Historic Inner East
Average Rent
$1,105/Month
TransitScore® Rating
0/100
Units Available
11 Rentals
Historic Inner East is a top choice for budget-conscious renters for a variety of reasons. The average rent in Historic Inner East is $1,105 while the city average is $961. This is a 0% difference from last year. Residents enjoy convenient access to PNC 2nd Street Market, Central State University, and Patterson Homestead. The neighborhood is considered somewhat walkable with a WalkScore® of 64.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.