
Cheap Homes for Rent in Downtown Montgomery Neighborhood of Dayton, OH from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Montgomery area of Dayton.


1115 Richmond Ave

32 Utah Ct

107 E Parkwood Dr

521 Homewood Ave

521 Homewood Ave

2116 Rugby Rd

200 Hart St

1271 Highland Ave

122 Heaton Ave

65 Little St

410 Edgar Ave

2315 E 4th St

57 Mason St

1205 Windsor Ave
Downtown Montgomery, Dayton, OH Local Guide

How much does it cost to rent a home in Downtown Montgomery?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Montgomery 2 Bedroom Homes for Rent | $1,174 | $900 | $2,100 |
Downtown Montgomery 3 Bedroom Homes for Rent | $1,327 | $925 | $2,100 |
Downtown Montgomery 4 Bedroom Homes for Rent | $1,671 | $1,195 | $2,540 |
Downtown Montgomery 5 Bedroom Homes for Rent | $2,540 | $2,540 | $2,540 |
Downtown Montgomery 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Montgomery Neighborhood of Dayton, OH.
Explore Dayton
Cheapest Available Downtown Montgomery Apartments for Rent
 The cheapest available apartment rental in the Downtown Montgomery area of Dayton, OH is a 1 Bed unit found at Audubon Crossing priced from $388. Rockwood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Downtown Montgomery apartments for rent in Dayton, OH:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Audubon Crossing | 1 Bedroom | 1BR,1BA | $388 |
Rockwood Apartments | Studio C, L | Studio,1BA | $675 |
Chamberlain I & II Apartments | 1A | 1BR,1BA | $709 |
Riverstone Apartments | 1 BD Standard | 1BR,1BA | $745 |
Kelly Avenue Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $800 |
Best Value Apartments for Rent in Downtown Montgomery, OH
As of April 10, 2025 the best value apartment in the Downtown Montgomery area is the $0.89 price per square foot Two Bedroom Two Bathroom Model at Grafton House in the in the Downtown Dayton neighborhood starting from $1,600. The second greatest value Downtown Montgomery apartment is the 61 E Norman Ave Model at 61 E Norman Ave, Unit 61 E. Norman Ave. Apt. 4 starting at $850 with a $0.67 price per square foot in the McPherson neighborhood. Here is today’s list of the best values for Downtown Montgomery apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Grafton House | Two Bedroom Two Bathroom | 2BR,2BA | $0.89 |
61 E Norman Ave, Unit 61 E. Norman Ave. Apt. 4 | 61 E Norman Ave | 2BR,1BA | $0.67 |
220 Rockwood Ave, Unit 220 Rockwood | 220 Rockwood Ave | 3BR,1BA | $0.80 |
The Flight | 2 Bed / 2 Bath | 2BR,2BA | $0.93 |
Audubon Crossing | 1 Bedroom | 1BR,1BA | $0.45 |
Medford Apartments | 2 Bedroom | 2BR,1BA | $1.00 |
1711 E 3rd St, Unit All Utilities included | 1711 E 3rd St | 1BR,1BA | $1.07 |
Riverstone Apartments | 1 BD Premium | 1BR,1BA | $1.22 |
310-316 Superior Ave | Availability | 1BR,1BA | $1.23 |
1717 E 3rd St, Unit Lower | 1717 E 3rd St | 1BR,1BA | $1.13 |
Frequently Asked Questions about Downtown Montgomery
What type of rentals are currently available in Downtown Montgomery?
There are currently 542 Apartments for Rent in Downtown Montgomery, OH with pricing that ranges from $575 to $3,800. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Montgomery ranging from $575 to $2,540.
What is the current price range for Rental Homes in Downtown Montgomery?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Montgomery ranges from $575 to $2,540 with an average monthly rent of $1,631.
How much are larger Three and Four Bedroom Rentals in Downtown Montgomery?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Montgomery range from $885 to $3,512, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $879.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.