Cheap Homes for Rent in Toledo, OH from $500 (88 Rentals)

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

property at 1130 N Huron St

1130 N Huron St

ToledoOH43604
property at 2340 Elm St

2340 Elm St

ToledoOH43608
property at 1125 Newbury St

1125 Newbury St

ToledoOH43609
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Toledo, OH Local Guide

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 04/13/2025

Current apartment rentals in the Toledo, OH area range in price from $475 to $3,754 with an overall median price of $1,368. 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$925$58326
Ottawa Hills$960$60012
Southwyck$989$51092
Old West End$990$50065
The Corridor$990$50065
Whitmer$999$56036
Reynolds Corner$1,099$475136
Polish Village$1,187$500142
Collingwood Springs$1,237$500115

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
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
2962 Carskaddon Ave, Unit 22962 Carskaddon Ave2BR,1BA$0.91
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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Frequently Asked Questions about Toledo

What type of rentals are currently available in Toledo?

There are currently 1240 Apartments for Rent in Toledo, OH with pricing that ranges from $475 to $3,754. There are also 189 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toledo ranging from $500 to $3,500.

What is the current price range for Rental Homes in Toledo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Toledo ranges from $500 to $3,500 with an average monthly rent of $1,203.

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

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.

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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

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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.