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As peak rental season closes, Dayton’s rental rates are continuing to heat up.
The city’s rental rates grew by 0.5 percent within a month, according to RENTCafé’s new Ohio rent report highlighting September’s trends. Dayton’s average rent for the month stood at $786, a $4 increase compared to August’s average of $782.
This report comes as many new housing and apartment projects are underway in Dayton, among other neighboring suburbs.
Although rental rates have grown each month this year, Dayton is still one of the cheapest places to rent in the state. Other cities in the region with low-priced rent averages includes Trotwood at $647; Springfield at $690; Kettering at $717; Middletown at $740 and West Carrollton at $783.
This marks another sign of the region’s affordability, which many business have cited as a reason they chose to move here ot expand here.
Of the region’s cities, West Carrollton saw the largest growth in rent within a month, growing by 0.9 percent.
The city with the lowest month-over-month percent change is West Chester, which decreased by 0.7 percent. Despite the decrease, the city has the most expensive rent in the region, with an average of $1,207. Beavercreek follows West Chester with an average of $1,040.
Dayton remains one of the cheapest places to rent among Ohio’s major cities. Columbus’ average rent for last month was $947, while Cincinnati’s was $996. The city with a cheaper rent than Dayton is Toledo, with an average of $729.
Taking a broader look across the country, the national average rent went up by 3.2 percent in the past year, but decreased by 0.1 month-over-month, reaching an average of $1,471.
RENTCafé is a nationwide apartment search website enabling renters to find apartments and houses for rent across the U.S. Readers can check out the full study here.