Cheap Homes for Rent in Downtown Toledo Neighborhood of Toledo, OH from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Toledo area of Toledo.

1125 Newbury St

837 Colburn St

552 Orchard St

528 E Central Ave
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.

2358 Putnam St, Unit 1 Lower

422 Dexter St

2831 Elm St

421 Austin St

225 Palmer St
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.

2242 Kent St

1333 Peck St

1436 Walbridge Ave

824 Oak St

1441 N Erie St
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.
Downtown Toledo, Toledo, OH Local Guide

How much does it cost to rent a home in Downtown Toledo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Toledo 2 Bedroom Homes for Rent | $889 | $700 | $1,100 |
| Downtown Toledo 3 Bedroom Homes for Rent | $1,227 | $845 | $4,500 |
| Downtown Toledo 4 Bedroom Homes for Rent | $1,330 | $1,200 | $1,500 |
| Downtown Toledo 5 Bedroom Homes for Rent | $1,300 | $1,300 | $1,300 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Toledo Neighborhood of Toledo, OH.
Explore Toledo
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. 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 |
| Machen St Apartments | 1 Bedroom | 1BR,1BA | $625 |
| The Avenue | Two Bedroom | 2BR,1BA | $675 |
| Historic Hillcrest Apartments | 301-801 | 1BR,1BA | $750 |
Best Value Apartments for Rent in Downtown Toledo, OH
As of December 07, 2025 the best value apartment in the Downtown Toledo area is the $1.07 price per square foot X04 Model at Standart Lofts in the in the Ironwood neighborhood starting from $1,595. The second greatest value Downtown Toledo apartment is the Four Bedroom Model at Prescott Place starting at $995 with a $1.00 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. |
|---|---|---|---|
| Standart Lofts | X04 | 2BR,1BA | $1.07 |
| Prescott Place | Four Bedroom | 4BR,1BA | $1.00 |
| Commodore Perry Apartments | The St Clair | 2BR,1BA | $1.17 |
| LaSalle Apartments | The Ottawa | 1BR,1BA | $1.22 |
| Historic Hillcrest Apartments | 802-902 | 1BR,1BA | $1.19 |
| The Summit | 1BR/1.0BA | 1BR,1BA | $1.38 |
| 135 Everett St, Unit Upper | 135 Everett St | 2BR,1BA | $0.89 |
| The Avenue | Two Bedroom | 2BR,1BA | $1.00 |
| Superior Apartments | Two Bedroom | 2BR,1BA | $1.35 |
| Beacon Place Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.22 |
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.
Read ArticleThe 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.
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 #6
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
Frequently Asked Questions about Downtown Toledo
What type of rentals are currently available in Downtown Toledo?
There are currently 202 Apartments for Rent in Downtown Toledo, OH with pricing that ranges from $525 to $3,295. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Toledo ranging from $700 to $4,500.
What is the current price range for Rental Homes in Downtown Toledo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Toledo ranges from $700 to $4,500 with an average monthly rent of $1,186.
How much are larger Three and Four Bedroom Rentals in Downtown Toledo?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Toledo range from $675 to $1,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $845 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $995.
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.

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!
