Cheap Homes for Rent in Downtown Toledo Neighborhood of Toledo, OH from $600 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1125 Newbury St

1125 Newbury St

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.

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.

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 The Avenue priced from $550. Prescott Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable Downtown Toledo apartments for rent in Toledo, OH:

Apartment ListingModel NameBed/BathPriced From
The AvenueOne Bedroom1BR,1BA$550
Prescott Place1 Beds, 1 Baths1BR,1BA$595
Executive Towers ApartmentsStudio1BR,1BA$600

Best Value Apartments for Rent in Downtown Toledo, OH

As of August 31, 2025 the best value apartment in the Downtown Toledo area is the $0.89 price per square foot The Erie Model at Commodore Perry Apartments in the in the Ironwood neighborhood starting from $1,199. The second greatest value Downtown Toledo apartment is the 2BR/1.0BA Model at The Summit starting at $1,500 with a $1.33 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.
Commodore Perry ApartmentsThe Erie2BR,1BA$0.89
The Summit2BR/1.0BA2BR,1BA$1.33
LaSalle ApartmentsThe Metro1BR,1BA$1.04
Prescott PlaceFour Bedroom4BR,1BA$1.00
Historic Hillcrest Apartments802-9021BR,1BA$1.19
135 Everett St, Unit Upper135 Everett St1BR,1BA$1.14
1130 N Huron St, Unit 41130 N Huron St1BR,1BA$1.00
Beacon Place Apartments1 Bed 1 Bath1BR,1BA$1.18
Prescott Place1 Beds, 1 Baths1BR,1BA$1.08
The AvenueOne Bedroom1BR,1BA$1.06

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Frequently Asked Questions about Downtown Toledo

What type of rentals are currently available in Downtown Toledo?

There are currently 208 Apartments for Rent in Downtown Toledo, OH with pricing that ranges from $550 to $8,448. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Toledo ranging from $645 to $1,500.

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 $645 to $1,500 with an average monthly rent of $988.

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 $840 to $1,300. Four Bedroom Single-Family rentals are also available starting from $1,035 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.

decorative image for A Local Experts Guide to the Best Affordable Neighborhoods in Toledo, OH  article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.