ZIP Code · OH

ZIP 45405

Part of Dayton, OH

Pop. 18,955·Montgomery County·218th most expensive ZIP in Ohio

Median rent (all units)

$1,032/mo

Year-over-Year

+8.2%

Month-over-Month

+1.7%

vs US Median

-$900

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 45405 · $1,032

More affordable than 97% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$780

1 BR

$850

2 BR

$1,070

3 BR

$1,390

4 BR+

$1,530

Research median

$1,070/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 45405 usually run 0.6% below trend in February and 0.4% above it in March, about $10 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 45405 is at its highest level since Zillow's records here began in February 2021.

Past year vs. the rest of Ohio

Rent in ZIP 45405 changed +8.2% over the year to September 2026. Across the 190 Ohio ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent has risen 12 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($43,973) is $1,099 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,070); a 3-bedroom is $1,390.

Rank in Dayton

1st cheapest of 8 ZIP codes in Dayton.

From Zillow's monthly rent index (ZORI) for ZIP 45405. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,384/yr

At $1,032/mo median

Location

CityDayton

StateOH

CountyMontgomery County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.2% YoY, +1.7% MoM), not inventory.

Demographics

Who lives here

ZIP 45405 (Dayton, OH) is majority renter-occupied, has a median income below the national average, 20.7% of residents hold a bachelor's degree or higher.

Population

18,955

Median income

$43,973

Median age

39.9

Renters

64%

Age distribution

21.2%

22.7%

25.5%

13.2%

17.4%

Under 1821.2%

18–3422.7%

35–5425.5%

55–6413.2%

65+17.4%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

28.3%

63.9%

White28.3%

Black63.9%

Hispanic2.9%

Other4.8%

Education (25+)

35.3%

34.6%

20.7%

No HS diploma9.4%

HS diploma35.3%

Some college34.6%

Bachelor's+20.7%

Housing tenure

36%

64%

Owner36%

Renter64%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 45405 in Dayton, OH has changed in 5 years

Rent

$711 → $1,032

up 45.1%

Income

$36,177 → $43,973

up 21.5%

Population

19,363 → 18,955

down 2.1%

Renter share

66.7% → 64%

-2.7 pts

Bachelor's+

17.3% → 20.7%

+3.4 pts

Median age

35.7 → 39.9

+4.2 yrs

Five years ago, renters in ZIP 45405 in Dayton, OH paid around $711 a month. That figure now sits near $1,032, up 45.1% from the 2021 baseline. Median household income climbed from $36,177 to $43,973 between 2021 and 2024, a 21.5% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 45405 in Dayton, OH losing about 408 residents over the five-year window, down 2.1% on net. The renter share has eased from 66.7% to 64%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 17.3% to 20.7% across the same window. Taken together, the five-year picture in ZIP 45405 in Dayton, OH reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 45405

Last updated: October 17, 2026

ZIP code 45405 covers Dayton, OH. The median rent here is $1,032/mo as of October 2026. A 1-bedroom rents for a median of $850/mo. A 2-bedroom rents for a median of $1,070/mo.

At 28% of local median household income ($43,973/yr), ZIP 45405 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 45405?

To keep rent at or below 30% of gross income, you would need to earn at least $41,000/year (about $20/hour full-time) to afford the median rent of $1,032/mo in ZIP 45405. The local median household income is $43,973/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 45405?

Rent in ZIP 45405 has risen 8.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2021.

When is the cheapest time to rent in ZIP 45405?

Asking rents in ZIP 45405 are usually lowest in February, about 0.6% below their yearly trend, and highest in March, about 0.4% above it. At today's median that is a gap of roughly $10 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 45405 compare to other ZIPs in Ohio?

ZIP 45405 is one of the more affordable among Ohio ZIP codes for rent, ranking #218 of 229 at $1,032/mo. Over the year to September 2026, rent in ZIP 45405 changed +8.2%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.