Cheap Apartments for Rent in the Downtown Montgomery Neighborhood of Dayton, OH from $311 (78 Rentals)

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

property at 439 Grafton Ave
$575 - $700
Studio To 1 Bedroom Rentals
Available Now
Affordability

439 Grafton Ave

DaytonOH45406

Dayton's Best Affordable Neighborhoods

Learn about Dayton and the best places to live with original content written by our Local Expert Kim Mooneyham

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property at 628 W Norman Ave
$735

Total Monthly Price

Base Rent$735
Total Monthly Price$735
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

628 W Norman Ave

DaytonOH45406

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Echelon
$795 - $1,400

Total Monthly Price

Base Rent$795 - $1,400
Total Monthly Price$795 - $1,400
1 to 3 Bedroom Apartments Available Now

The Echelon

344 Firwood DrDayton, OH 45419
Student Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 114 Rockwood Ave
$950

Total Monthly Price

Base Rent$950
Total Monthly Price$950
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

114 Rockwood Ave

DaytonOH45405

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at Audubon Crossing priced from $639. Flyer Pointe has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Downtown Montgomery apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
Audubon Crossing1 Bedroom1BR,1BA$639
Flyer PointeStudioStudio,1BA$649
Chamberlain I & II ApartmentsS41BR,1BA$650
1008 W Fairview Ave1BR/1.0BA1BR,1BA$700
115 E Norman Ave1BR/1.0BA1BR,1BA$750
9 Anderson St1BR/1.0BA1BR,1BA$750
2308 Wayne Avenue Dayton 454201 Bedroom, 1 Bathroom1BR,1BA$775
Executive House1 Bedroom standard1BR,1BA$775

Best Value Apartments for Rent in Downtown Montgomery, OH

As of September 06, 2026 the best value apartment in the Downtown Montgomery area is the $0.35 price per square foot 950 Irving Ave Model at 950 Irving Ave, Unit 950 in the in the Patterson Park neighborhood starting from $556. The second greatest value Downtown Montgomery apartment is the 3BR/2.5BA Model at 18-26 HOLT starting at $1,325 with a $0.98 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.
950 Irving Ave, Unit 950950 Irving Ave5BR,2BA$0.35
18-26 HOLT3BR/2.5BA3BR,2.5BA$0.98
2247 Salem Ave, Unit 22472247 Salem Ave3BR,1.5BA$0.96
363 Park Dr, Unit 363 Park Ave363 Park Dr1BR,1BA$0.83
Rockwood Apartments2 BD D,K,A,N2BR,2BA$0.93
1067 Salem Ave2 Beds, 1.5 Baths2BR,1.5BA$0.80
The Flight2 Bed / 2 Bath2BR,2BA$0.91
1008 W Fairview Ave1BR/1.0BA1BR,1BA$0.70
115 E Norman Ave1BR/1.0BA1BR,1BA$0.75
108 E Norman Ave108 E Norman Ave2BR,1BA$0.99

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 the Cheapest Studio apartment in Downtown Montgomery?

Currently the most affordable Cheap Studio Apartment in Downtown Montgomery is at Flyer Pointe listed at $649.

How much is rent for a Cheap One Bedroom Downtown Montgomery Apartment?

The lowest price for a Cheap One Bedroom Downtown Montgomery Apartment is $639 at Audubon Crossing.

What is the lowest price for a Cheap Two Bedroom Downtown Montgomery Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Montgomery is starting from $800 at Medford Apartments.

What is the most affordable Downtown Montgomery Three Bedroom Apartment?

The best deal on a cheap Downtown Montgomery Three Bedroom Apartment rental is at Art Lofts at the Arcade and starts from $1,068.

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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Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH

Written by: Kim Mooneyham

Once an industrial powerhouse in southwest Ohio, Dayton is gradually changing from a strictly blue-collar city to a light blue-collar/white-collar city with education, tech, and urban development opportunities.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.