
Cheap 1 Bedroom Apartments for Rent in the Downtown Toledo Neighborhood of Toledo, OH from $500 (15 Rentals)


Prescott Place

Executive Towers Apartments
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Downtown Toledo - One of the Best Affordable Neighborhoods in Toledo
Named as one of the Best Affordable Neighborhoods to rent in Toledo by our Local Expert Catrina Cowart. See how it ranks!
Top Neighborhoods Near Toledo Colleges and Universities
Learn about Toledo and the best places to live with original content written by our Local Expert Catrina Cowart
Downtown Toledo, Toledo, OH Local Guide

How much does it cost to rent an apartment in Downtown Toledo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Toledo Studio Apartments | $664 | $450 | $850 |
Downtown Toledo 1 Bedroom Apartments | $1,366 | $500 | $3,550 |
Downtown Toledo 2 Bedroom Apartments | $1,398 | $600 | $8,331 |
Downtown Toledo 3 Bedroom Apartments | $1,249 | $745 | $1,750 |
Downtown Toledo 4 Bedroom Apartments | $995 | $995 | $995 |
Explore Toledo
Downtown Toledo, Toledo, OH Local Guide
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Getting Around the Downtown Toledo Neighborhood in Toledo, OH
Walk Score®
79 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Toledo Apartments
What is a cheap apartment in Downtown Toledo?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Toledo is under $1,019.
What is the price of a cheap apartment in Downtown Toledo?
The cheapest apartment in Downtown Toledo is Prescott Place which is listed at $500, while the average apartment in Downtown Toledo costs $1,242.
What types of apartments are the cheapest in Downtown Toledo?
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 6 regular apartments in Downtown Toledo 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 Toledo?
Cheap apartments in Downtown Toledo have an average cost of $281 which is $961 cheaper than the average rent for all rentals in Downtown Toledo.
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.

A Local Experts Guide to the Best Affordable Neighborhoods in Toledo, OH
Written by: Catrina Cowart
Hello! I'm Catrina, your ApartmentHomeLiving.com Local Expert for Toledo, Ohio, and I'm ready to tell you all about the great neighborhoods you can be a part of in this multicultural city.

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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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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.