Water Street Apartments
427 Water St,
Dayton, OH 45402
Studio - 3 Beds | $1,138 - $2,354
Rental Market Trends in Dayton, OH
What is the average rent in Dayton, OH?
$960/month
Average Rent
649 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
As of April 2025, the average rent in Dayton, OH is $960 per month. This is 39% lower than the national average rent of $1,575/month, making renting in Dayton more affordable than most cities in the US. When you rent an apartment in Dayton, you can expect to pay about $841 per month for a studio, $960 for a one-bedroom apartment, and around $1,242 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,509 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Dayton, OH?
In the past year, rent has increased by 1.7%, which averages out to $17 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2025
Legend
2024
2025
Rent Ranges in Dayton, OH
Last Updated April 2025
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
32%
Below $700/month
29%
$700 - $1,000/month
27%
$1,001 - $1,500/month
10%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Dayton?
Based on current rent prices, Old Dayton, Walnut Hills-Montgomery and Grafton Hill are the most affordable neighborhoods in Dayton.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Dayton?
Based on current rent prices, Webster Station, McCook Field and Midtown Dayton are the most expensive neighborhoods in Dayton.
Neighborhood
Average Rent
Average Sq Ft
Which Dayton neighborhoods have the most rentals available?
The neighborhoods in Dayton with the most apartments available are Downtown Dayton, East Dayton and Webster Station .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Dayton, OH?
Because the average rent in Dayton is $960, you’ll want to make about $3,200 per month or $38,400 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Dayton, OH is 4.2% lower than the national average. Generally, housing in Dayton is 17.3% less expensive than the national average, with rent falling between $841 - $1,509. You can expect to pay 0.1% more for groceries, 6.7% more for utilities, and 4.2% less for transportation.
How does Dayton, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Dayton, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$485/month
$1,068/month
One Bedroom
$655/month
$1,392/month
Two Bedroom
$1,110/month
$1,896/month
Three Bedroom
-
$2,230/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.