Most Affordable Neighborhoods in Dayton, OH
Some of the cheapest neighborhoods in Dayton are Walnut Hills-Montgomery, Grafton Hill, and Belmont. These neighborhoods offer some of the lowest rent prices in Dayton, making them ideal for renters on a budget. As of June 17, 2025, the average rent in Dayton is $974, which is 2.8% 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.
Walnut Hills-Montgomery
Average Rent
$734/Month
Year-Over-Year Rent Change
2.3%
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.
Grafton Hill
Average Rent
$747/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
2/100
Units Available
16 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
$787/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
19 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.
Eastern Hills
Average Rent
$839/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
0/100
Units Available
11 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.
Fort McKinley
Average Rent
$854/Month
Year-Over-Year Rent Change
4.3%
TransitScore® Rating
0/100
Units Available
16 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
$873/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
0/100
Units Available
35 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.
University Park
Average Rent
$917/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
0/100
Units Available
18 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.
Northwest
Average Rent
$920/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
0/100
Units Available
57 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.
Centerville Park
Average Rent
$953/Month
TransitScore® Rating
0/100
Units Available
26 Rentals
Centerville Park is an affordable neighborhood in Dayton with an average rent price of $953. Compare this to the city average of $974. Centerville Park provides easy access to Huffman MetroPark, SunWatch Archaeological Park, and Hills & Dales MetroPark. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Rean Meadows
Average Rent
$983/Month
TransitScore® Rating
0/100
Units Available
19 Rentals
If you’re looking for a great, affordable neighborhood in Dayton, Rean Meadows might be the perfect place! It has an average rent price of $983, while the city’s average stands at $974. Rean Meadows is near SugarCreek MetroPark, Central State University, and James M Cox Dayton International.
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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.