Cheap Apartments for Rent in the Downtown Toledo Neighborhood of Toledo, OH from $300 (42 Rentals)

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

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.

property at 3010 Warsaw St

$725 - $850

1 To 2 Bedroom Rentals

Available Now

3010 Warsaw St

ToledoOH43608

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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Totco
1 to 5 Bedroom Apartments

Totco

302 Columbia StToledo, OH 43620

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!

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Swan Creek
Studio to 2 Bedroom Apartments

Swan Creek

111 S Summit StToledo, OH 43604
  • Utilities Included
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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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Uptown Art Center
1 to 3 Bedroom Apartments

Uptown Art Center

326-336 14th StToledo, OH 43604
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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
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Ashland Properties
1 to 3 Bedroom Apartments

Ashland Properties

2303 Ashland AveToledo, OH 43620
  • Utilities Included

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

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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
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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
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Parkview
2 to 3 Bedroom Apartments

The Parkview

2329 Parkwood AveToledo, OH 43620
Corporate Housing
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Covenant House
1 to 2 Bedroom Apartments

Covenant House

702 N Erie StToledo, OH 43604
  • Utilities Included

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 The Avenue priced from $500. Prescott Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $550. Here are the most affordable Downtown Toledo apartments for rent in Toledo, OH:

Apartment ListingModel NameBed/BathPriced From
The AvenueOne Bedroom1BR,1BA$500
Prescott PlaceTwo Bedroom2BR,1BA$550
Executive Towers ApartmentsStudio1BR,1BA$600
Machen St Apartments1 Bedroom1BR,1BA$625
Historic Hillcrest Apartments301-8011BR,1BA$750
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$750
Commodore Perry ApartmentsThe Superior1BR,1BA$834
Edge 21 ApartmentsStudio/1 Bath AStudio,1BA$900
LaSalle ApartmentsThe Ottawa1BR,1BA$1,049

Best Value Apartments for Rent in Downtown Toledo, OH

As of February 01, 2026 the best value apartment in the Downtown Toledo area is the $0.79 price per square foot 2614 Brentwood Ave Model at 2614 Brentwood Ave, Unit Brentwood in the in the North Toledo neighborhood starting from $950. The second greatest value Downtown Toledo apartment is the X11 Model at Standart Lofts starting at $1,435 with a $1.45 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.
2614 Brentwood Ave, Unit Brentwood2614 Brentwood Ave2BR,1BA$0.79
Standart LoftsX111BR,1BA$1.45
LaSalle ApartmentsThe Ottawa1BR,1BA$1.21
Historic Hillcrest Apartments802-9021BR,1BA$1.19
The Summit1BR/1.0BA1BR,1BA$1.38
Prescott PlaceOne Bedroom1BR,1BA$0.77
The AvenueTwo Bedroom2BR,1BA$1.00
Commodore Perry ApartmentsThe Superior1BR,1BA$1.28
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$1.22
Executive Towers ApartmentsStudio1BR,1BA$1.50

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 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 $1,049.

What is the price of a cheap apartment in Downtown Toledo?

The cheapest apartment in Downtown Toledo is The Avenue which is listed at $500, while the average apartment in Downtown Toledo costs $1,450.

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 15 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 $362 which is $1,088 cheaper than the average rent for all rentals in Downtown Toledo.

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

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.