Cheap Apartments for Rent in the Downtown Montgomery Neighborhood of Dayton, OH from $300 (54 Rentals)

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

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Salemview Apartments
Studio to 1 Bedroom Apartments

Salemview Apartments

72 Central AveDayton, OH 45406
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Twin Towers Place
Studio to 2 Bedroom Apartments

Twin Towers Place

250 Allen StDayton, OH 45410
Senior Living
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Omega Senior Lofts
1 to 2 Bedroom Apartments

Omega Senior Lofts

1461 Cornell DrDayton, OH 45406
Senior Living
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Huffman Place
1 to 2 Bedroom Apartments

Huffman Place

100 Huffman AveDayton, OH 45403
Senior Living
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Downtown Montgomery, Dayton, OH Local Guide

Cheapest Available Downtown Montgomery Apartments for Rent

 

The cheapest available apartment rental in the Downtown Montgomery area of Dayton, OH is a Studio unit found at Rockwood Apartments priced from $675. 320 Grafton has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Downtown Montgomery apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
Rockwood ApartmentsStudio C, LStudio,1BA$675
320 GraftonStudioStudio,1BA$700
Chamberlain I & II Apartments1A1BR,1BA$709
Flyer Pointe1 Bedroom - Large1BR,1BA$749
Executive House1 Bedroom standard1BR,1BA$775
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$775
2308 Wayne Avenue Dayton 454201 Bedroom, 1 Bathroom1BR,1BA$775
Audubon Crossing1 Bedroom1BR,1BA$790

Best Value Apartments for Rent in Downtown Montgomery, OH

As of February 14, 2026 the best value apartment in the Downtown Montgomery area is the $0.55 price per square foot 220 Rockwood Ave Model at 220 Rockwood Ave, Unit #218 in the in the Downtown Dayton neighborhood starting from $1,200. The second greatest value Downtown Montgomery apartment is the Two Bedroom Two Bathroom Model at Grafton House starting at $1,600 with a $0.89 price per square foot in the Downtown Dayton neighborhood. Here is today’s list of the best values for Downtown Montgomery apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
220 Rockwood Ave, Unit #218220 Rockwood Ave3BR,1BA$0.55
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.89
1403 Highland Ave, Unit 14031403 Highland Ave3BR,1.5BA$0.98
The Livery1x11BR,1BA$0.99
108 E Norman Ave, Unit 3108 E Norman Ave2BR,1BA$0.99
Audubon Crossing2 Bedroom2BR,1BA$1.08
1328 St Adalbert Ave, Unit 31328 St Adalbert Ave2BR,1BA$1.08
545 Wyoming St, Unit 545 Wyoming street545 Wyoming St1BR,1BA$0.97
118 Linden Ave, Unit Lower118 Linden Ave1BR,1BA$1.14
706 N Broadway St, Unit A706 N Broadway St1BR,1BA$1.08

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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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Lifestyle Ratings

Our team compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Dayton. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, apartment communities for the kids, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Montgomery Apartments

What is a cheap apartment in Downtown Montgomery?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Montgomery is under $790.

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

The cheapest apartment in Downtown Montgomery is Chamberlain I & II Apartments which is listed at $709, while the average apartment in Downtown Montgomery costs $1,647.

What types of apartments are the cheapest in Downtown Montgomery?

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 9 regular apartments in Downtown Montgomery 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 Montgomery?

Cheap apartments in Downtown Montgomery have an average cost of $2,105 which is $0 cheaper than the average rent for all rentals in Downtown Montgomery.

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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