Cheapest Neighborhoods in Dayton, OH
Some of the cheapest neighborhoods in Dayton are Old Dayton, Grafton Hill, and North Riverdale. These neighborhoods offer some of the lowest rent prices in Dayton, making them ideal for renters on a budget. As of September 19, 2026, the average rent in Dayton is $1,001, which is 0.8% 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
$683/Month
Year-Over-Year Rent Change
0.7%
Units Available
13 Rentals
When you’re looking for a great Dayton neighborhood on a budget, check out Old Dayton. The average rent is $683, compared to the city average of $1,001. Rent prices have increased by 0.7%. Old Dayton is convenient to National Aviation Heritage Area, James M Cox Dayton International, and Sinclair Community College.
Grafton Hill
Average Rent
$762/Month
Year-Over-Year Rent Change
1.6%
Units Available
22 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.
North Riverdale
Average Rent
$775/Month
Year-Over-Year Rent Change
0.4%
Units Available
10 Rentals
North Riverdale is an affordable neighborhood in Dayton with an average rent price of $775. Compare this to the city average of $1,001. In the past year, rent prices have increased by 0.4%. North Riverdale provides easy access to Mccook Shopping Center, Northtown Center, and Central State University.
Eastern Hills
Average Rent
$791/Month
Year-Over-Year Rent Change
11.2%
Units Available
13 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.
Walnut Hills-Montgomery
Average Rent
$855/Month
Year-Over-Year Rent Change
0.6%
Units Available
19 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
$875/Month
Year-Over-Year Rent Change
1.3%
Units Available
27 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
$879/Month
Year-Over-Year Rent Change
0.6%
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
$886/Month
Year-Over-Year Rent Change
2.9%
Units Available
44 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.
Northwest
Average Rent
$933/Month
Year-Over-Year Rent Change
0.5%
Units Available
50 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
$1,008/Month
Year-Over-Year Rent Change
3.6%
Units Available
20 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.