Cheap Apartments for Rent in the Downtown Toledo Neighborhood of Toledo, OH from $300 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Toledo area of Toledo.

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

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.

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Totco
1 to 5 Bedroom Apartments

Totco

302 Columbia StToledo, OH 43620
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1910 Locust St
Studio Apartments

1910 Locust St

1910 Locust StToledo, OH 43608
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Parqwood Apartments
Studio to 2 Bedroom Apartments

Parqwood Apartments

2125 Parkwood AveToledo, OH 43620
Senior Living
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Ashland Manor 55+
1 to 2 Bedroom Apartments

Ashland Manor 55+

2030 Ashland AveToledo, OH 43620
Senior Living
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Prescott Place
2 to 4 Bedroom Apartments

Prescott Place

409 W Bancroft StToledo, OH 43620
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Prescott Place
1 to 4 Bedroom Apartments

Prescott Place

401 W Bancroft StToledo, OH 43620

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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Ashland Properties
1 to 3 Bedroom Apartments

Ashland Properties

2303 Ashland AveToledo, OH 43620
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Collingwood Green
1 to 3 Bedroom Apartments

Collingwood Green

800 Division Sreet StToledo, OH 43604
Senior Living
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Park Lane Residences
Studio to 1 Bedroom Apartments

Park Lane Residences

142 23rd StToledo, OH 43604
  • Utilities Included

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.

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Uptown Art Center
1 to 3 Bedroom Apartments

Uptown Art Center

326-336 14th StToledo, OH 43604
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Museum Place Apartments
1 to 4 Bedroom Apartments

Museum Place Apartments

1825 Collingwood BlvdToledo, OH 43604
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Superior Apartments
Studio to 3 Bedroom Apartments

Superior Apartments

1012-1018 N Superior StToledo, OH 43604
Senior Living
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Parkview
2 to 3 Bedroom Apartments

The Parkview

2329 Parkwood AveToledo, OH 43620
Corporate Housing
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Showing Results 1-43, Page 1 of 1

Downtown Toledo, Toledo, OH Local Guide

Cheapest Available Downtown Toledo Apartments for Rent

 

The cheapest available apartment rental in the Downtown Toledo area of Toledo, OH is a 1 Bed unit found at Prescott Place priced from $560. The Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $615. Here are the most affordable Downtown Toledo apartments for rent in Toledo, OH:

Apartment ListingModel NameBed/BathPriced From
Prescott Place1 Bed 1 Bath Apt.1BR,1BA$560
The Avenue1 Bed 1 Bath Apt.1BR,1BA$615
Machen St Apartments1 Bedroom1BR,1BA$625
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$750
LaSalle ApartmentsThe Metro1BR,1BA$949
The Summit1BR/1.0BA1BR,1BA$1,100
Fort Industry Square1BD/1BA1BR,1BA$1,100
Edge 21 Apartments1 Bed/1 Bath RV E1BR,1BA$1,175

Best Value Apartments for Rent in Downtown Toledo, OH

As of June 17, 2026 the best value apartment in the Downtown Toledo area is the $0.53 price per square foot 2018 Glenwood Ave Model at 2018 Glenwood Ave, Unit 3 in the in the North Toledo neighborhood starting from $950. The second greatest value Downtown Toledo apartment is the X07 Model at Standart Lofts starting at $1,300 with a $1.18 price per square foot in the Ironwood neighborhood. Here is today’s list of the best values for Downtown Toledo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2018 Glenwood Ave, Unit 32018 Glenwood Ave2BR,1BA$0.53
Standart LoftsX071BR,1BA$1.18
LaSalle ApartmentsThe Metro1BR,1BA$0.90
582 South Ave, Unit Lower582 South Ave2BR,1BA$0.85
Prescott Place4 bed 1 bath Apt.4BR,1BA$0.87
The Summit1BR/1.0BA1BR,1BA$1.25
Fort Industry Square1BD/1BA1BR,1BA$1.29
The BerdanG1BR,1BA$1.67
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$1.22
The Avenue1 Bed 1 Bath Apt.1BR,1BA$1.19

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Toledo, Toledo, OH

Ranked #16

Among cities in Ohio for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Toledo, Toledo, OH

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Ohio, including Toledo. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, 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 Toledo Apartments

How much is rent for a Cheap One Bedroom Downtown Toledo Apartment?

The lowest price for a Cheap One Bedroom Downtown Toledo Apartment is $560 at Prescott Place.

What is the lowest price for a Cheap Two Bedroom Downtown Toledo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Toledo is starting from $615 at Prescott Place.

What is the most affordable Downtown Toledo Three Bedroom Apartment?

The best deal on a cheap Downtown Toledo Three Bedroom Apartment rental is at Edge 21 Apartments and starts from $1,675.

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 A Local Experts Guide to the Best Affordable Neighborhoods in Toledo, OH article

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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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.