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 March 25, 2025, the average rent in Dayton is $962, which is 2.7% 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

$711/Month

Year-Over-Year Rent Change

1.4%

TransitScore® Rating

0/100

Units Available

10 Rentals

When you’re looking for a great Dayton neighborhood on a budget, check out Old Dayton. The average rent is $711, compared to the city average of $962. Rent prices have increased by 1.4%. Old Dayton is convenient to RiverScape MetroPark, Central State University, and Hawthorn Hill. The community is somewhat walkable with a WalkScore® of 61.

Walnut Hills-Montgomery

Average Rent

$790/Month

Year-Over-Year Rent Change

5.8%

TransitScore® Rating

0/100

Units Available

13 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

$806/Month

Year-Over-Year Rent Change

2.1%

TransitScore® Rating

2/100

Units Available

31 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

$817/Month

Year-Over-Year Rent Change

0.9%

TransitScore® Rating

0/100

Units Available

16 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

$854/Month

Year-Over-Year Rent Change

7.4%

TransitScore® Rating

0/100

Units Available

17 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

$880/Month

Year-Over-Year Rent Change

1.9%

TransitScore® Rating

0/100

Units Available

28 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.

Eastern Hills

Average Rent

$886/Month

Year-Over-Year Rent Change

8%

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.

Northridge Estates

Average Rent

$903/Month

Year-Over-Year Rent Change

7.5%

TransitScore® Rating

0/100

Units Available

10 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.

Northwest

Average Rent

$927/Month

Year-Over-Year Rent Change

3.2%

TransitScore® Rating

0/100

Units Available

52 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.

University Park

Average Rent

$1,016/Month

Year-Over-Year Rent Change

1.7%

TransitScore® Rating

0/100

Units Available

22 Rentals

University Park is a lively neighborhood located near the University of Dayton, offering a mix of student housing and residential homes. Renters will appreciate the variety of restaurants, shops, and entertainment venues nearby. The area is great for those seeking an energetic, walkable community.

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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.