Dike had three goals and two assists in five matches in August, his five points tied for most in the month.
The 20-year-old then helped lead the Lions to a 3-1 win over Nashville SC at Exploria Stadium four days later with his first career brace. He scored what proved to be the game-winning goal in the 52nd minute, finishing a breakaway pass from Mauricio Pereyra with a right-footed shot into the top corner.
Dike added an insurance goal 20 minutes later when he recovered a saved shot attempt and finished with a right-footed strike from close range.
MLS Player of the Month is voted upon by a panel of select national media members in a process conducted by MLS Communications.