Cheap Homes for Rent in Downtown Toledo Neighborhood of Toledo, OH from $600 (23 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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

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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Showing Results 1-23, 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 $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 ListingModel NameBed/BathPriced From
Prescott Place1 Bed 1 Bath Apt.1BR,1BA$560
Executive Towers ApartmentsStudio1BR,1BA$600
2820 Collingwood Blvd1 Bed 1 Bath Apt.1BR,1BA$625
Machen St Apartments1 Bedroom1BR,1BA$625
The Avenue2 Bed 1 Bath Apt.2BR,1BA$740

Best Value Apartments for Rent in Downtown Toledo, OH

As of April 22, 2026 the best value apartment in the Downtown Toledo area is the $1.25 price per square foot The Wildwood Model at LaSalle Apartments in the in the Ironwood neighborhood starting from $1,706. The second greatest value Downtown Toledo apartment is the The Erie Model at Commodore Perry Apartments starting at $1,229 with a $0.92 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.
LaSalle ApartmentsThe Wildwood2BR,1BA$1.25
Commodore Perry ApartmentsThe Erie2BR,1BA$0.92
2820 Collingwood Blvd1 Bed 1 Bath Apt.1BR,1BA$0.63
417 Utah St, Unit 417 utah upstairs417 Utah St2BR,1BA$0.74
Standart LoftsX09-261BR,1BA$1.48
The Summit1BR/1.0BA1BR,1BA$1.25
Historic Hillcrest Apartments802-9021BR,1BA$1.19
Prescott Place1 Bed 1 Bath Apt.1BR,1BA$0.79
The Avenue2 Bed 1 Bath Apt.2BR,1BA$1.09
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$1.22

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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 207 Apartments for Rent in Downtown Toledo, OH with pricing that ranges from $500 to $5,299. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Toledo ranging from $650 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 $650 to $4,500 with an average monthly rent of $1,187.

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 $715 to $1,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $865.

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.