
Cheap Homes for Rent in Downtown Montgomery Neighborhood of Dayton, OH from $700 (34 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Montgomery area of Dayton.


1132 Wayne Ave

1132 Wayne Ave

1132 Wayne Ave

46 Rogge St

18 Rogge St

1237-1239 Wisconsin Blvd

37-39 E Helena St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

22 E Parkwood Dr

628 W Norman Ave

22 Emmet St

2105 Lakeview Ave

152 Santa Clara Ave

19 Ridge Ave

1130 Wayne Ave

217 Fillmore St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

22 Rogge St

912 Riverview Terrace

916 Riverview Terrace

1126-1128 Vernon Dr

1040 Walnut Hill Pl

115 E Foraker St

1449 Steiner Ave

78 Notre Dame Ave
Dayton's Best Affordable Neighborhoods
Learn about Dayton and the best places to live with original content written by our Local Expert Kim Mooneyham

1931-1933 Catalpa Dr.

326 Ernst Ave

53 W Norman Ave

311 Ernst Ave

2142 Auburn Ave

234 Fillmore St

1522 Viola Ave

1123 Pritz Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

1122 Beaumont Ave

2225 Catalpa Dr.
Downtown Montgomery, Dayton, OH Local Guide

How much does it cost to rent a home in Downtown Montgomery?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Montgomery 2 Bedroom Homes for Rent | $1,294 | $845 | $2,200 |
| Downtown Montgomery 3 Bedroom Homes for Rent | $1,236 | $895 | $1,700 |
| Downtown Montgomery 4 Bedroom Homes for Rent | $1,895 | $1,286 | $2,700 |
| Downtown Montgomery 5 Bedroom Homes for Rent | $1,947 | $1,695 | $2,200 |
| Downtown Montgomery 6 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Downtown Montgomery Neighborhood of Dayton, OH.
Explore Dayton
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rockwood Apartments | Studio C, L | Studio,1BA | $675 |
| 320 Grafton | Studio | Studio,1BA | $700 |
| Chamberlain I & II Apartments | 1A | 1BR,1BA | $702 |
| Flyer Pointe | 1 Bedroom - Large | 1BR,1BA | $749 |
| Executive House | 1 Bedroom standard | 1BR,1BA | $775 |
| 2308 Wayne Avenue Dayton 45420 | 1 Bedroom, 1 Bathroom | 1BR,1BA | $775 |
Best Value Apartments for Rent in Downtown Montgomery, OH
As of March 02, 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 220 Rockwood Ave | 220 Rockwood Ave | 3BR,1BA | $0.55 |
| Grafton House | Two Bedroom Two Bathroom | 2BR,2BA | $0.89 |
| 1403 Highland Ave, Unit 1403 | 1403 Highland Ave | 3BR,1.5BA | $0.98 |
| The Livery | 1x1 | 1BR,1BA | $0.99 |
| 108 E Norman Ave | 108 E Norman Ave | 2BR,1BA | $0.99 |
| 36-36 E Mumma Ave, Unit 36 | 36-36 E Mumma Ave | 2BR,1BA | $0.75 |
| Audubon Crossing | 2 Bedroom | 2BR,1BA | $1.08 |
| 545 Wyoming St, Unit 545 Wyoming street | 545 Wyoming St | 1BR,1BA | $0.97 |
| 1116 W Grand Ave, Unit Apartment #1 | 1116 W Grand Ave | 1BR,1BA | $0.82 |
| 118 Linden Ave, Unit Lower | 118 Linden Ave | 1BR,1BA | $1.07 |
Frequently Asked Questions about Downtown Montgomery
What type of rentals are currently available in Downtown Montgomery?
There are currently 539 Apartments for Rent in Downtown Montgomery, OH with pricing that ranges from $575 to $4,200. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Montgomery ranging from $700 to $2,700.
What is the current price range for Rental Homes in Downtown Montgomery?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Montgomery ranges from $700 to $2,700 with an average monthly rent of $1,627.
How much are larger Three and Four Bedroom Rentals in Downtown Montgomery?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Montgomery range from $980 to $3,406, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,286 and Four Bedroom Apartments start at $790.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.