Cheap Homes for Rent in Downtown Montgomery Neighborhood of Dayton, OH from $700 (26 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 18 York Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Now

18 York Ave

DaytonOH45403

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 321 Deeds Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

4 Bedroom, 2 Bath Home for Rent

Available Now

321 Deeds Ave, Unit 319

321 Deeds Ave
DaytonOH45404

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Showing Results 1-26, 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. 113 Niagara Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Downtown Montgomery apartments for rent in Dayton, OH:

Apartment ListingModel NameBed/BathPriced From
Chamberlain I & II ApartmentsS31BR,1BA$650
113 Niagara Ave1 Beds, 1 Baths1BR,1BA$650
320 GraftonStudioStudio,1BA$700
Rockwood ApartmentsStudio C, LStudio,1BA$700
Executive House1 Bedroom standard1BR,1BA$775
Audubon Crossing1 Bedroom1BR,1BA$790
Riverstone Apartments1 BD Standard1BR,1BA$795
Medford Apartments2 Bedroom2BR,1BA$800

Best Value Apartments for Rent in Downtown Montgomery, OH

As of June 04, 2026 the best value apartment in the Downtown Montgomery area is the $1.11 price per square foot 2056 Auburn Ave Model at 2056 Auburn Ave in the in the Grafton Hill neighborhood starting from $1,300. The second greatest value Downtown Montgomery apartment is the 2 Bed / 2 Bath Model at The Flight starting at $999 with a $0.91 price per square foot in the Grafton Hill 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.
2056 Auburn Ave2056 Auburn Ave3BR,1BA$1.11
The Flight2 Bed / 2 Bath2BR,2BA$0.91
108 E Norman Ave108 E Norman Ave2BR,1BA$0.99
113 Niagara Ave1 Beds, 1 Baths1BR,1BA$0.67
Audubon Crossing2 Bedroom2BR,1BA$1.08
100 Victor Ave, Unit 2100 Victor Ave2BR,1BA$1.18
Medford Apartments2 Bedroom2BR,1BA$1.00
2308 Wayne Avenue Dayton 454202 Bedrooms, 1 Bathroom2BR,1BA$1.12
118 Linden Ave, Unit Lower118 Linden Ave1BR,1BA$1.14
1711 E 3rd St, Unit All Utilities included1711 E 3rd St1BR,1BA$1.14

Frequently Asked Questions about Downtown Montgomery

What type of rentals are currently available in Downtown Montgomery?

There are currently 536 Apartments for Rent in Downtown Montgomery, OH with pricing that ranges from $625 to $5,740. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Montgomery ranging from $595 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 $595 to $3,500 with an average monthly rent of $1,656.

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 $945 to $3,512, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $750.

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.