
Cheap Apartments for Rent in the Downtown Toledo Neighborhood of Toledo, OH from $314 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Toledo area of Toledo.


The Avenue

Machen St Apartments

771 Orchard St

601 Milton St

111 S Summit St, Unit 227

3104 Franklin Ave

405 Victoria Pl

1112 Bronson Ave

111 S Summit St
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Total Monthly Price
708 W Bancroft St

338 Kenilworth Ave

Commodore Perry Apartments

358 Kenilworth Ave

1026 Oakwood Ave

Historic Hillcrest Apartments

3113 Scottwood Ave

Edge 21 Apartments

312 Main St

2018 Glenwood Ave, Unit 3
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Tower on the Maumee and Ferrara Flats

Totco

1910 Locust St

Parqwood Apartments

Prescott Place

Prescott Place

Ashland Manor 55+

Ashland Properties

2820 Collingwood Blvd

Executive Towers Apartments
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

Collingwood Green

Park Lane Residences

Gendron Apartments

Edward Libbey Apartments

1219 Yates St

Uptown Art Center

Museum Place Apartments

Englewood Senior Apartments

Beacon Place Apartments

Superior Apartments
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!

227 Everett St

36 E Park St

420 Everett St

The Parkview

2607 Chestnut St

Covenant House

319 Dexter St

203 South Ave

834 Prouty Ave

678 Congress St
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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 | $998 | $700 | $1,325 |
| Downtown Toledo 1 Bedroom Apartments | $1,511 | $625 | $4,431 |
| Downtown Toledo 2 Bedroom Apartments | $1,801 | $615 | $7,343 |
| Downtown Toledo 3 Bedroom Apartments | $1,764 | $715 | $2,850 |
| Downtown Toledo 4 Bedroom Apartments | $865 | $865 | $865 |
Browse Apartments in this Neighborhood
There are currently 55 rentals with your search options within a 2 mile radius of the Downtown Toledo Neighborhood of Toledo, OH.
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Downtown Toledo, Toledo, OH Local Guide
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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. 2820 Collingwood Blvd has the second lowest priced unit, which is a 1 Bed apartment currently listed from $570. Here are the most affordable Downtown Toledo apartments for rent in Toledo, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prescott Place | 1 Bed 1 Bath Apt. | 1BR,1BA | $560 |
| 2820 Collingwood Blvd | 1 Bed 1 Bath Apt. | 1BR,1BA | $570 |
| The Avenue | 1 Bed 1 Bath Apt. | 1BR,1BA | $615 |
| Machen St Apartments | 1 Bedroom | 1BR,1BA | $625 |
| Beacon Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $750 |
| Commodore Perry Apartments | The Superior | 1BR,1BA | $834 |
| Tower on the Maumee and Ferrara Flats | Ferrara Flats D | Studio,1BA | $975 |
| Edge 21 Apartments | 1 Bed/1 Bath F | 1BR,1BA | $1,000 |
| Historic Hillcrest Apartments | 406-506-706-906 | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Downtown Toledo, OH
As of September 15, 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 2257 Scottwood Ave Model at 2257 Scottwood Ave, Unit 2257 Unit One starting at $1,300 with a $1.16 price per square foot in the North Toledo neighborhood. Here is today’s list of the best values for Downtown Toledo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2018 Glenwood Ave, Unit 3 | 2018 Glenwood Ave | 2BR,1BA | $0.53 |
| 2257 Scottwood Ave, Unit 2257 Unit One | 2257 Scottwood Ave | 2BR,1BA | $1.16 |
| 531 Broadway St | 531 Broadway St | 2BR,1BA | $1.23 |
| 2820 Collingwood Blvd | 1 Bed 1 Bath Apt. | 1BR,1BA | $0.57 |
| Prescott Place | 4 bed 1 bath Apt. | 4BR,1BA | $0.87 |
| Standart Lofts | X11 | 1BR,1BA | $1.38 |
| Historic Hillcrest Apartments | 406-506-706-906 | 2BR,1BA | $1.05 |
| Commodore Perry Apartments | The Superior | 1BR,1BA | $1.28 |
| Beacon Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.22 |
| The Avenue | 1 Bed 1 Bath Apt. | 1BR,1BA | $1.19 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleReal 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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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.
Pet Friendly LifestyleDowntown Toledo, Toledo, OH
Ranked #10
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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
What is the Cheapest Studio apartment in Downtown Toledo?
Currently the most affordable Cheap Studio Apartment in Downtown Toledo is at Tower on the Maumee and Ferrara Flats listed at $975.
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 Beacon Place Apartments and starts from $991.
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

Book Smarts, Smart Moves: Best Neighborhoods Near Toledo Campuses
Written by: Catrina Cowart
Toledo is home to multiple higher-education institutions, with the University of Toledo topping that list.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.