Cheap Apartments for Rent in the Downtown Columbus Neighborhood of Columbus, OH from $300 (158 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Columbus area of Columbus.

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property at 248 1/2 W 5th Ave

$895 - $1,075

Studio To 1 Bedroom Rentals

Available Jul 28

248 1/2 W 5th Ave

ColumbusOH43201
property at 246 W 5th Ave

$895 - $1,195

Studio To 1 Bedroom Rentals

Available Jul 28

246 W 5th Ave

ColumbusOH43201

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property at 1020 Lusso Ave

$1,039 - $1,599

1 To 2 Bedroom Rentals

Available Now

1020 Lusso Ave

ColumbusOH43201

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Downtown Columbus, Columbus, OH Local Guide

Cheapest Available Downtown Columbus Apartments for Rent

 

The cheapest available apartment rental in the Downtown Columbus area of Columbus, OH is a 2 Beds unit found at Nazareth Towers-62 & Older priced from $300. Belmont Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here are the most affordable Downtown Columbus apartments for rent in Columbus, OH:

Apartment ListingModel NameBed/BathPriced From
Nazareth Towers-62 & OlderStudio2BR,1BA$300
Belmont ApartmentsStudent RoomStudio,1BA$450
CharwaldeStudio1BR,1BA$775
620 E. Town Street Apartments1 BR - +$50 Water1BR,1BA$825
Broadway Apartments0 Beds, 1 BathsStudio,1BA$840
Gordon HouseStudioStudio,1BA$850
Coves at Columbus on Eaton and Miner Avenueff1x11BR,1BA$875
The GaetzMicroStudio,1BA$899
41 S Grant AveSINGLE1BR,1BA$925

Best Value Apartments for Rent in Downtown Columbus, OH

As of March 09, 2026 the best value apartment in the Downtown Columbus area is the $1.17 price per square foot 767 Wager St Model at 767 Wager St, Unit 767 in the in the Downtown Columbus neighborhood starting from $1,950. The second greatest value Downtown Columbus apartment is the 2BR/1.5BA Model at New Yorker starting at $1,400 with a $1.08 price per square foot in the Downtown Columbus neighborhood. Here is today’s list of the best values for Downtown Columbus apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
767 Wager St, Unit 767767 Wager St2BR,2BA$1.17
New Yorker2BR/1.5BA2BR,1.5BA$1.08
552 Bradley St, Unit duplex552 Bradley St2BR,1BA$1.04
1104 1/2 N High St, Unit D1104 1/2 N High St2BR,1BA$1.28
303 E Livingston Ave, Unit 303303 E Livingston Ave1BR,1BA$1.25
SonnenblickThe Morning2BR,1.5BA$1.26
726 N High St726 N High St1BR,1BA$1.10
87 E 4th Ave, Unit E87 E 4th Ave1BR,1BA$1.25
CharwaldeStudioStudio ,1BA$1.29
Nazareth Towers-62 & OlderStudioStudio ,1BA$0.67

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Downtown Columbus, Columbus, OH

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States including Downtown Columbus, Columbus, and the greater Columbus area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Columbus Apartments

What is a cheap apartment in Downtown Columbus?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Columbus is under $925.

What is the price of a cheap apartment in Downtown Columbus?

The cheapest apartment in Downtown Columbus is Nazareth Towers-62 & Older which is listed at $300, while the average apartment in Downtown Columbus costs $3,100.

What types of apartments are the cheapest in Downtown Columbus?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 134 regular apartments in Downtown Columbus that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Columbus?

Cheap apartments in Downtown Columbus have an average cost of $265 which is $2,835 cheaper than the average rent for all rentals in Downtown Columbus.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Although Columbus, Ohio, has a reputation for being a rowdy college town, it's large enough to offer numerous neighborhoods far away from frat houses and street parties after football games.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.