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Rent Specials
$560 - $9951 to 4 Bedroom Apartments Available Now
Prescott Place
425 W Bancroft StToledo, OH 43620
Cheap Apartments for Rent in the Downtown Toledo Neighborhood of Toledo, OH from $300 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Toledo area of Toledo.
2807 Chestnut St
ToledoOH43608
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$600 - $1,6501 to 4 Bedroom Apartments Available Now
Executive Towers Apartments
1920 Collingwood BlvdToledo, OH 43604
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Rent Specials
$600 - $7001 to 2 Bedroom Apartments Available Now
The Avenue
2115 Collingwood BlvdToledo, OH 43620
77 Walbridge Ave
ToledoOH43609
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821 South Ave
ToledoOH43609
425 3rd St
ToledoOH43605
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.
1026 Woodland Ave
ToledoOH43607
409 Eastern Ave
ToledoOH43609
946 Butler St
ToledoOH43605
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$750 - $1,0011 to 4 Bedroom Apartments Available Now
Beacon Place Apartments
426 Beacon StToledo, OH 43620
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$750 - $1,0501 to 2 Bedroom Apartments Available Now
Historic Hillcrest Apartments
241 16th StToledo, OH 43604
825 Colburn St
ToledoOH43609
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Rent Specials
$795 - $1,2501 to 3 Bedroom Apartments Available Now
Superior Apartments
1012-1018 N Superior StToledo, OH 43604
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$834 - $1,4391 to 2 Bedroom Apartments Available Now
Commodore Perry Apartments
505 Jefferson AveToledo, OH 43604
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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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$900 - $1,750Studio to 3 Bedroom Apartments Available Now
Edge 21 Apartments
245 N Summit StToledo, OH 43604
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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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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!
Showing Results 1-36, Page 1 of 1
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 | $958 | $625 | $1,165 |
| Downtown Toledo 1 Bedroom Apartments | $1,257 | $560 | $2,150 |
| Downtown Toledo 2 Bedroom Apartments | $1,351 | $600 | $3,295 |
| Downtown Toledo 3 Bedroom Apartments | $1,203 | $675 | $1,750 |
| Downtown Toledo 4 Bedroom Apartments | $1,322 | $995 | $1,650 |
Browse Apartments in this Neighborhood
There are currently 36 rentals with your search options within a 2 mile radius of the Downtown Toledo Neighborhood of Toledo, OH.
See all Apartments in ToledoExplore Toledo
Downtown Toledo, Toledo, OH Local Guide
- Nearby Toledo neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Executive Towers Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Downtown Toledo apartments for rent in Toledo, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prescott Place | One Bedroom | 1BR,1BA | $560 |
| Executive Towers Apartments | Studio | 1BR,1BA | $600 |
| The Avenue | One Bedroom | 1BR,1BA | $600 |
| 2820 Collingwood Blvd | 1 Bedroom | 1BR,1BA | $625 |
| Machen St Apartments | 1 Bedroom | 1BR,1BA | $625 |
| Prescott Place | 3 Beds, 1 Baths | 3BR,1BA | $650 |
| Beacon Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $750 |
| Historic Hillcrest Apartments | 301-801 | 1BR,1BA | $750 |
| Superior Apartments | One Bedroom | 1BR,1BA | $795 |
Best Value Apartments for Rent in Downtown Toledo, OH
As of December 18, 2025 the best value apartment in the Downtown Toledo area is the $0.57 price per square foot 336 4th St Model at 336 4th St, Unit Lower in the in the Ironwood neighborhood starting from $850. The second greatest value Downtown Toledo apartment is the The Erie Model at Commodore Perry Apartments starting at $1,199 with a $0.89 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 336 4th St, Unit Lower | 336 4th St | 3BR,1BA | $0.57 |
| Commodore Perry Apartments | The Erie | 2BR,1BA | $0.89 |
| Prescott Place | Four Bedroom | 4BR,1BA | $1.00 |
| Prescott Place | 3 Beds, 1 Baths | 3BR,1BA | $0.70 |
| 2820 Collingwood Blvd | 1 Bedroom | 1BR,1BA | $0.74 |
| LaSalle Apartments | The Delaware | 1BR,1BA | $1.14 |
| Historic Hillcrest Apartments | 802-902 | 1BR,1BA | $1.19 |
| 135 Everett St, Unit Upper | 135 Everett St | 2BR,1BA | $0.89 |
| Beacon Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.22 |
| The Avenue | One Bedroom | 1BR,1BA | $1.16 |
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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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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If you’re an expert on all things Downtown Toledo, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown Toledo, Toledo, OH
Ranked #7
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!
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 $795.
What is the price of a cheap apartment in Downtown Toledo?
The cheapest apartment in Downtown Toledo is Prescott Place which is listed at $560, while the average apartment in Downtown Toledo costs $1,322.
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 13 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 $287 which is $1,035 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
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!