Average Rent in Dayton, OH↓ Rents falling 14.8% YoY🔻 2nd cheapest in OH

Dayton, OH has rental prices ranging from $606/month to $1,248/month in 2022, depending on unit size. The typical 1-bedroom apartment rents for $680/month — 51% below the national average of $1,400/month.

How Dayton Compares

With an average 2-bedroom rent of $872/month, Dayton ranks #67 most expensive of the 68 cities tracked in Ohio — more affordable than 86% of all US cities in our data.

The Dayton Rental Market

The Dayton, OH area has a population of about 164,825.

Rent Trends

2-bedroom rents in Dayton, OH have fallen by $151/month (14.8%) over the past year, from $1,023 to $872. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Rent vs. Buy

The median home value in Dayton, OH is $141,452, giving a price-to-rent ratio of 13.5. The break-even point between renting and buying is roughly 14 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Dayton's neighborhoods. Among the highest-value areas are Southern Dayton View ($51,764 median home value), West Wood ($54,294 median home value), Arlington Heights ($56,648 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Dayton, OH Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Dayton?

Break-even analysis and mortgage estimates based on local market data.

Living in Dayton

Cost of living, job market, crime rates, and moving cost estimates.