
Cheap Homes for Rent in Downtown Toledo Neighborhood of Toledo, OH from $700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Toledo area of Toledo.


111 S Summit St

111 S Summit St

111 S Summit St

111 S Summit St
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.

111 S Summit St

111 S Summit St

111 S Summit St

111 S Summit St

837 Colburn 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.

552 Orchard St

912 Willow Ave

912 Willow Ave

227 Everett St

616 Knower St
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!

223 Charles St

1037 Orchard St
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 | $828 | $700 | $920 |
| Downtown Toledo 3 Bedroom Homes for Rent | $1,278 | $850 | $4,500 |
| Downtown Toledo 4 Bedroom Homes for Rent | $1,310 | $1,050 | $1,495 |
| Downtown Toledo 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Homes for Rent in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Downtown Toledo Neighborhood of Toledo, OH.
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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 Prescott Place priced from $495. The Avenue has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here are the most affordable Downtown Toledo apartments for rent in Toledo, OH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Prescott Place | 1 Bed 1 Bath Apt. | 1BR,1BA | $495 |
| The Avenue | 1 Bed 1 Bath Apt. | 1BR,1BA | $500 |
| Executive Towers Apartments | Studio | 1BR,1BA | $600 |
| Machen St Apartments | 1 Bedroom | 1BR,1BA | $625 |
| Historic Hillcrest Apartments | 301-801 | 1BR,1BA | $750 |
Best Value Apartments for Rent in Downtown Toledo, OH
As of March 07, 2026 the best value apartment in the Downtown Toledo area is the $1.04 price per square foot 517 Lagrange St Model at 517 Lagrange St, Unit Unit 2 in the in the North Toledo neighborhood starting from $1,250. 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. |
|---|---|---|---|
| 517 Lagrange St, Unit Unit 2 | 517 Lagrange St | 2BR,1.5BA | $1.04 |
| Standart Lofts | X11 | 1BR,1BA | $1.45 |
| Prescott Place | 3 Bed 1 Bath Apt. | 3BR,1BA | $0.70 |
| The Berdan | A | 1BR,1BA | $1.48 |
| LaSalle Apartments | The Ottawa | 1BR,1BA | $1.15 |
| Historic Hillcrest Apartments | 802-902 | 1BR,1BA | $1.19 |
| The Summit | 1BR/1.0BA | 1BR,1BA | $1.38 |
| The Avenue | 2 Bed 1 Bath Apt. | 2BR,1BA | $1.00 |
| Commodore Perry Apartments | The Superior | 1BR,1BA | $1.28 |
| 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 ArticleCash 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.
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 #8
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 206 Apartments for Rent in Downtown Toledo, OH with pricing that ranges from $550 to $3,375. There are also 41 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 $1,153.
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 $700 to $1,775, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $1,400.
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.

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.

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.