Cheap Apartments for Rent in the Downtown Toledo Neighborhood of Toledo, OH from $300 (45 Rentals)

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

property at 821 South Ave

821 South Ave

ToledoOH43609

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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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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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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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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Ashland Properties
1 to 3 Bedroom Apartments

Ashland Properties

2303 Ashland AveToledo, OH 43620
  • Utilities Included

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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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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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
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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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Showing Results 1-45, 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 $550. Prescott Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here are the most affordable Downtown Toledo apartments for rent in Toledo, OH:

Apartment ListingModel NameBed/BathPriced From
Prescott PlaceOne Bedroom1BR,1BA$550
Prescott Place1 Beds, 1 Baths1BR,1BA$550
The AvenueOne Bedroom1BR,1BA$560
Executive Towers ApartmentsStudio1BR,1BA$600
Machen St Apartments1 Bedroom1BR,1BA$625
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$725
Historic Hillcrest Apartments301-8011BR,1BA$750
Superior ApartmentsOne Bedroom1BR,1BA$795
Commodore Perry ApartmentsThe Superior1BR,1BA$799

Best Value Apartments for Rent in Downtown Toledo, OH

As of November 02, 2025 the best value apartment in the Downtown Toledo area is the $1.00 price per square foot Four Bedroom Model at Prescott Place in the in the North Toledo neighborhood starting from $995. The second greatest value Downtown Toledo apartment is the The Ottawa Model at LaSalle Apartments starting at $1,035 with a $1.19 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.
Prescott PlaceFour Bedroom4BR,1BA$1.00
LaSalle ApartmentsThe Ottawa1BR,1BA$1.19
Historic Hillcrest Apartments802-9021BR,1BA$1.19
The Summit1BR/1.0BA1BR,1BA$1.38
Superior ApartmentsTwo Bedroom2BR,1BA$1.35
1130 N Huron St, Unit 41130 N Huron St1BR,1BA$1.00
Commodore Perry ApartmentsThe Superior1BR,1BA$1.23
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$1.18
Prescott Place1 Beds, 1 Baths1BR,1BA$0.99
The AvenueOne Bedroom1BR,1BA$1.08

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 #8

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!

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 the price of a cheap apartment in Downtown Toledo?

The cheapest apartment in Downtown Toledo is Prescott Place which is listed at $550, while the average apartment in Downtown Toledo costs $1,250.

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 10 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 $231 which is $1,019 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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.