
Cheap Apartments for Rent in the Downtown Toledo Neighborhood of Toledo, OH from $300 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Toledo area of Toledo.


Prescott Place

2807 Chestnut St

77 Walbridge Ave

322 Euclid Ave

Executive Towers Apartments

821 South Ave

Machen St Apartments
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409 Eastern Ave

3010 Warsaw St

240 Dexter St

1026 N Huron St

946 Butler St

825 Colburn St

Beacon Place Apartments

Historic Hillcrest Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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3104 Franklin Ave

Commodore Perry Apartments

240 Dexter St

Edge 21 Apartments

2614 Brentwood Ave, Unit Brentwood

1711 Mulberry St

LaSalle Apartments

Totco
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!

Swan Creek

1910 Locust St

Parqwood Apartments

Uptown Art Center

Ashland Manor 55+

Prescott Place

Prescott Place

Ashland Properties
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

2820 Collingwood Blvd

Park Lane Residences

Gendron Apartments

Edward Libbey Apartments

Museum Place Apartments

Englewood Senior Apartments

Superior Apartments
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The Parkview

Covenant House
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 | $963 | $625 | $1,185 |
| Downtown Toledo 1 Bedroom Apartments | $1,231 | $500 | $3,200 |
| Downtown Toledo 2 Bedroom Apartments | $1,419 | $550 | $3,375 |
| Downtown Toledo 3 Bedroom Apartments | $1,292 | $725 | $1,775 |
| Downtown Toledo 4 Bedroom Apartments | $1,400 | $1,150 | $1,650 |
Browse Apartments in this Neighborhood
There are currently 42 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
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Avenue | One Bedroom | 1BR,1BA | $500 |
| Prescott Place | Two Bedroom | 2BR,1BA | $550 |
| Executive Towers Apartments | Studio | 1BR,1BA | $600 |
| Machen St Apartments | 1 Bedroom | 1BR,1BA | $625 |
| Historic Hillcrest Apartments | 301-801 | 1BR,1BA | $750 |
| Beacon Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $750 |
| Commodore Perry Apartments | The Superior | 1BR,1BA | $834 |
| Edge 21 Apartments | Studio/1 Bath A | Studio,1BA | $900 |
| LaSalle Apartments | The Ottawa | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2614 Brentwood Ave, Unit Brentwood | 2614 Brentwood Ave | 2BR,1BA | $0.79 |
| Standart Lofts | X11 | 1BR,1BA | $1.45 |
| LaSalle Apartments | The Ottawa | 1BR,1BA | $1.21 |
| Historic Hillcrest Apartments | 802-902 | 1BR,1BA | $1.19 |
| The Summit | 1BR/1.0BA | 1BR,1BA | $1.38 |
| Prescott Place | One Bedroom | 1BR,1BA | $0.77 |
| The Avenue | Two Bedroom | 2BR,1BA | $1.00 |
| Commodore Perry Apartments | The Superior | 1BR,1BA | $1.28 |
| Beacon Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.22 |
| Executive Towers Apartments | Studio | 1BR,1BA | $1.50 |
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Read ArticleQuick 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.
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!
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

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.

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.

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.

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.