Dayton rents and rental comps
The median asking rent across 17 Dayton zip codes is $1,113/month, up 2.5% from a year ago.
Wright-Patterson Air Force Base is the economic engine that keeps Dayton running. Affordable cash flow market. Just make sure you're buying in the neighborhoods that benefit from the base, not the ones that don't.
Median Asking Rent
$1,113
Rent Change (YoY)
+2.5%
Avg Days on Market
37
Active Rental Listings
1,107
Median List Price
$184,900
Median Asking Rent Over Time
Average across 17 zip codes
Median Asking Rent by ZIP Code
Rental Listings by ZIP Code
ZIP | Median Rent |
|---|---|
| 45424 | $1,700/mo |
| 45429 | $1,650/mo |
| 45431 | $1,505/mo |
| 45440 | $1,325/mo |
| 45414 | $1,295/mo |
| 45409 | $1,250/mo |
| 45420 | $1,200/mo |
| 45416 | $1,195/mo |
| 45402 | $1,100/mo |
| 45410 | $1,095/mo |
| 45419 | $1,045/mo |
| 45403 | $1,000/mo |
| 45404 | $1,000/mo |
| 45417 | $995/mo |
| 45415 | $900/mo |
| 45405 | $850/mo |
| 45406 | $800/mo |
Comps for any address in Dayton
Type the address, get the comps. No setup.
Median Asking Rent by Bedroom
| Unit Size | Median Rent |
|---|---|
| Studio | $710/mo |
| 1 Bedroom | $798/mo |
| 2 Bedroom | $995/mo |
| 3 Bedroom | $1,300/mo |
| 4 Bedroom | $1,648/mo |
Aggregated median across all Dayton zip codes with available data.
For-Sale Listings by ZIP Code
| ZIP | Median List Price |
|---|---|
| 45440 | $349,900 |
| 45419 | $325,000 |
| 45431 | $299,900 |
| 45429 | $290,000 |
| 45424 | $259,000 |
| 45409 | $250,000 |
| 45414 | $249,900 |
| 45415 | $249,000 |
| 45420 | $184,900 |
| 45404 | $159,000 |
| 45410 | $154,900 |
| 45403 | $145,000 |
| 45402 | $132,000 |
| 45405 | $119,000 |
| 45406 | $110,000 |
| 45416 | $104,900 |
| 45417 | $99,950 |
HUD Fair Market Rents
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $980/mo |
| 1 Bedroom | $1,060/mo |
| 2 Bedroom | $1,340/mo |
| 3 Bedroom | $1,740/mo |
| 4 Bedroom | $1,910/mo |
HUD publishes Fair Market Rents once a year for the Dayton metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.
About the Dayton rental market
The median asking rent across Dayton, OH sits at $1,113/month, pulled from active rental listings in 17 zip codes. That's up 2.5% from a year ago.
Rents aren't uniform across the city. ZIP 45424 tops the list at $1,700/month. ZIP 45406 comes in lowest at $800/month. That's a 113% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.
A 2-bedroom rents for $995/month at the median. 1-bedrooms run about $798. 3-bedrooms come in around $1,300.
Listings take longer here. The average is 37 days on market, which gives renters more room to negotiate and means landlords should price carefully.
Gross rent-to-value lands around 7.2% ($1,113/month rent on a $184,900 median price). Middle of the pack for cash-flow markets.
HUD's Fair Market Rent for a 2-bedroom in the Dayton metro is $1,340/month. Asking rents come in about 17% below the federal benchmark, which can make Section 8 properties competitive here.
Dayton is an extremely affordable market where rent-to-price ratios look great on paper. Wright-Patterson Air Force Base is the biggest employer and provides a stable renter base. The Oregon District and Oakwood are premium. The west and east sides offer very low entry points. Real cash flow potential here, but like any deeply affordable market, property condition and tenant screening matter a lot. Some areas have challenged demographics and higher vacancy rates. Underwrite realistic vacancy and maintenance. The best-case rent number won't cover you. The base provides stability. Pockets here work well for investors who go in realistic about what they're getting into.
These numbers are city-wide averages. If you're pricing a specific property in Dayton, pull comps from the same zip code. The spread is usually bigger than people expect.
Pull rental comps for an address in Dayton
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Dayton address to see them.
Nearby rental markets
Columbus, OH
17 zip codes
Cincinnati, OH
20 zip codes
Cleveland, OH
20 zip codes
Indianapolis, IN
17 zip codes
Minneapolis, MN
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Kansas City, MO
17 zip codes
Related guides
How to find rental comps
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What is fair market rent?
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
How Section 8 payment standards work
The three numbers landlords mix up, the 90 to 110 percent band, and a worked example of what the voucher actually pays.