Cheap Homes for Rent in Downtown Montgomery Neighborhood of Dayton, OH from $600 (15 Rentals)

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

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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property at 628 W Norman Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895

2 Bedroom, 1 Bath Townhome for Rent

Available Now

628 W Norman Ave

DaytonOH45406

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Showing Results 1-15, Page 1 of 1

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 Chamberlain I & II Apartments priced from $650. 2308 Wayne Avenue Dayton 45420 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
Chamberlain I & II ApartmentsS31BR,1BA$650
2308 Wayne Avenue Dayton 454201 Bedroom, 1 Bathroom1BR,1BA$750
320 GraftonStudioStudio,1BA$750
Executive House1 Bedroom standard1BR,1BA$775
Flyer Pointe1 Bedroom - Large1BR,1BA$779

Best Value Apartments for Rent in Downtown Montgomery, OH

As of April 17, 2026 the best value apartment in the Downtown Montgomery area is the $0.21 price per square foot 48 Richmond Ave Model at 48 Richmond Ave, Unit 48 Richmond ave in the in the Downtown Dayton neighborhood starting from $1,100. 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.
48 Richmond Ave, Unit 48 Richmond ave48 Richmond Ave2BR,1.5BA$0.21
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.89
2056 Auburn Ave2056 Auburn Ave3BR,1BA$1.11
108 E Norman Ave108 E Norman Ave2BR,1BA$0.99
1328 St Adalbert Ave, Unit 31328 St Adalbert Ave2BR,1BA$1.08
Audubon Crossing1 Bedroom1BR,1BA$0.91
Rockwood Apartments1 BD I & M1BR,1BA$1.14
Riverstone Apartments1 BD Standard1BR,1BA$1.20
Apartments at 310 Superior1 Bedroom 1 Bathroom1BR,1BA$1.27
2308 Wayne Avenue Dayton 454201 Bedroom, 1 Bathroom1BR,1BA$1.15

Frequently Asked Questions about Downtown Montgomery

What type of rentals are currently available in Downtown Montgomery?

There are currently 534 Apartments for Rent in Downtown Montgomery, OH with pricing that ranges from $650 to $4,200. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Montgomery ranging from $650 to $3,500.

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 $650 to $3,500 with an average monthly rent of $1,643.

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

decorative image for Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.