Cheap Apartments for Rent in the Downtown Montgomery Neighborhood of Dayton, OH from $300 (45 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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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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Audubon Crossing
1 to 2 Bedroom Apartments

Audubon Crossing

119 Edgewood AveDayton, OH 45402
Senior Living
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Showing Results 1-45, Page 1 of 1

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 310-316 Superior Ave priced from $725. 320 Grafton Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown Montgomery apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
310-316 Superior Ave1 Bedroom 1 Bathroom1BR,1BA$725
320 Grafton Ave1 Bedroom1BR,1BA$750
Executive House1 Bedroom standard1BR,1BA$775
Audubon Crossing1 Bedroom1BR,1BA$790
Rockwood Apartments1 BD F1BR,1BA$795
Riverstone Apartments1 BD Standard1BR,1BA$795
Flyer Pointe1 Bedroom Medium Renovated1BR,1BA$819
Medford Apartments2 Bedroom2BR,1BA$885
Art Lofts at the Arcade1 Bedroom Tax Credit***1BR,1BA$944

Best Value Apartments for Rent in Downtown Montgomery, OH

As of July 25, 2025 the best value apartment in the Downtown Montgomery area is the $0.89 price per square foot Two Bedroom Two Bathroom Model at Grafton House in the in the Downtown Dayton neighborhood starting from $1,600. The second greatest value Downtown Montgomery apartment is the 2a Model at Stratford House starting at $1,574 with a $1.06 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.
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.89
Stratford House2a2BR,2BA$1.06
134 Cross St, Unit 2134 Cross St3BR,1BA$0.88
The Flight2 Bed / 2 Bath2BR,2BA$0.98
Audubon Crossing2 Bedroom2BR,1BA$1.25
Medford Apartments2 Bedroom2BR,1BA$1.11
Rockwood Apartments1 BD F1BR,1BA$1.01
603 Rockford Ave, Unit 1603 Rockford Ave1BR,1BA$1.14
Riverstone Apartments1 BD Standard1BR,1BA$1.20
310-316 Superior Ave1 Bedroom 1 Bathroom1BR,1BA$1.12

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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 $944.

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

The cheapest apartment in Downtown Montgomery is 310-316 Superior Ave which is listed at $725, while the average apartment in Downtown Montgomery costs $2,462.

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 3 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 $2,462 which is $0 cheaper than the average rent for all rentals in Downtown Montgomery.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.