Cheap Apartments for Rent in Toledo, OH from $300 (314 Rentals)

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Search the lowest-cost Apartments available for rent right now in Toledo.

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Toledo, OH Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 04/12/2025

Current apartment rentals in the Toledo, OH area range in price from $475 to $3,754 with an overall median price of $1,365. The three Toledo neighborhoods with the lowest median rent pricing are Shoreland at $575, Trilby at $583, and Ottawa Hills at $600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toledo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Shoreland$825$5758
Trilby$899$58328
Ottawa Hills$960$60012
Southwyck$989$51087
Old West End$990$50064
The Corridor$990$50064
Whitmer$999$56036
Reynolds Corner$1,099$475134
Polish Village$1,187$500141
Beverly$1,249$59958

Cheapest Available Toledo Apartments for Rent

 

The cheapest available apartment rental in Toledo, OH is a 1 Bed unit found at Oak Hill Apartments in the West Toledo neighborhood priced from $475. Clair Commons in the Nasby neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $499. Here is today’s list of the most affordable Toledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Hill Apartments1BR/1BA1BR,1BA$475
Clair CommonsStudio One BathStudio,1BA$499
The AvenueOne Bedroom1BR,1BA$500
1910 Locust StStudioStudio,1BA$500
University HillsA2DO Floor Plan(Double Occupancy*)1BR,1BA$510
Ashland Manor 55+1BD CONV1BR,1BA$550
Oak Hill ApartmentsSmall One Bedroom1BR,1BA$550
Prescott PlaceTwo Bedroom2BR,1BA$550
Amhurst ApartmentsStudioStudio,1BA$600
Executive Towers ApartmentsStudioStudio,1BA$600

Best Value Apartments for Rent in Toledo, OH

As of April 13, 2025 the best value apartment in the Toledo area is the $0.37 price per square foot 4 Bed, 2.5 Bath- Student Townhome Model at Owens Lake Commons in the in the East Toledo neighborhood starting from $600. The second greatest value Toledo apartment is the 811 Collins St Model at 811 Collins St, Unit #Upper starting at $975 with a $0.77 price per square foot in the North Toledo neighborhood. Here is today’s list of the best values for Toledo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Owens Lake Commons4 Bed, 2.5 Bath- Student Townhome4BR,2.5BA$0.37
811 Collins St, Unit #Upper811 Collins St3BR,1BA$0.77
Commodore Perry ApartmentsThe Huron2BR,1BA$0.81
Eagle Ridge Apartments2 bed 2 bath apartment2BR,2BA$0.88
Sunnydale Estates Apartments2 BEDROOM 2 BATH SUNNYDALE2BR,2BA$0.85
Brookhill ApartmentsTwo-Bedroom Townhome2BR,1BA$0.84
River Bend ApartmentsTwo Bedroom2BR,1BA$0.88
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.75
Quail Ridge ApartmentsOne Bedroom1BR,1BA$0.86
Prescott Place437 W Bancroft 1 Bed1BR,1BA$0.90

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Toledo Overview

"Toledo, Ohio, located on the Maumee River and just north of the Great Black Swamp giving it the nickname “Frog Town,” is one of the best-kept secrets in the United States. It is rich in culture, history, outdoor activities, and it all comes at a low cost of living. The friendly down-to-earth locals represent the city’s attitude and slogan “You will do better in Toledo."" Toledo is also known for its roots in the glass industry as the “Glass City” and home of the Martin Luther King, Jr. Plaza with a 50-by-4 foot glass mural as a reminder that Toledo is the center of the glass industry. With so much history and fun to be had by residents, it's no wonder so many find their perfect home among the many options in Toledo apartments."

Why live in Toledo, OH?

Toledo has an excellent mix of culture, art, education opportunities, outdoor activities, city history, museums, and landmarks. It is a family-focused community with an extensive park system throughout the city. The University of Toledo has a beautiful campus on 858 acres and was rated Tier 2 in the 2016 edition of the Best Colleges. Toledo has a long history of innovation from businesses like the glass industry and Jeep vehicles. The diversity of the population adds variety to the local food, music, art, and fun in the area. Toledo is a place you don't want to miss!

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Toledo, OH Rentals by Map

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See the most popular apartments and homes in Toledo, OH

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Getting Around Toledo, OH

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Toledo Apartments

What is a cheap apartment in Toledo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Toledo is under $600.

What is the price of a cheap apartment in Toledo?

The cheapest apartment in Toledo is Oak Hill Apartments which is listed at $475, while the average apartment in Toledo costs $1,365.

What types of apartments are the cheapest in Toledo?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 284 regular apartments in Toledo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Toledo?

Cheap apartments in Toledo have an average cost of $267 which is $1,098 cheaper than the average rent for all rentals in Toledo.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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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.

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Renting Smart: Lease Basics Every Renter Needs

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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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.

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