Best Affordable Neighborhoods in Dayton, OH
Some of the cheapest neighborhoods in Dayton are Eastern Hills, Old Dayton, and Five Oaks. These neighborhoods offer some of the lowest rent prices in Dayton, making them ideal for renters on a budget. As of February 5, 2026, the average rent in Dayton is $1,008, which is 2.5% 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.
Eastern Hills
Average Rent
$738/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
0/100
Units Available
19 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.
Old Dayton
Average Rent
$738/Month
Year-Over-Year Rent Change
0.8%
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 $738, while the city’s average stands at $1,008. In the last year, prices have increased by 0.8%. Old Dayton is near Sinclair Community College, Dayton Arcade, and University of Dayton.
Five Oaks
Average Rent
$774/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
12 Rentals
Five Oaks is a historic neighborhood located less than two miles from downtown Dayton. In addition to the city’s shops, restaurants, and entertainment, the neighborhood is near several popular parks, including MetroPark, which is situated along the Miami River and is a popular spot for festivals and events.
Walnut Hills-Montgomery
Average Rent
$787/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
0/100
Units Available
15 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.
Belmont
Average Rent
$835/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
0/100
Units Available
29 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.
Grafton Hill
Average Rent
$842/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
2/100
Units Available
38 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.
Shroyer Park
Average Rent
$886/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
0/100
Units Available
29 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.
Fort McKinley
Average Rent
$921/Month
Year-Over-Year Rent Change
2%
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.
Rean Meadows
Average Rent
$965/Month
TransitScore® Rating
0/100
Units Available
31 Rentals
Rean Meadows is a top choice for budget-conscious renters for a variety of reasons. The average rent in Rean Meadows is $965 while the city average is $1,008. Residents enjoy convenient access to Narrows Reserve and Nature Center, Central State University, and Spring Lakes Park. The neighborhood is considered car-dependent with a WalkScore® of 40.
Georgetown
Average Rent
$972/Month
TransitScore® Rating
0/100
Units Available
11 Rentals
When you’re looking for a great Dayton neighborhood on a budget, check out Georgetown. The average rent is $972, compared to the city average of $1,008. Georgetown is convenient to Sinclair Community College, Miami University Middletown, and The Arbor. The community is car-dependent with a WalkScore® of 36.
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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.