Cheap Homes for Rent in Toledo, OH from $500 (105 Rentals)

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property at 605 Main St

605 Main St

ToledoOH43605
property at 1130 N Huron St

1130 N Huron St

ToledoOH43604
property at 1130 N Huron St

1130 N Huron St

ToledoOH43604
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: 03/22/2025

Current apartment rentals in the Toledo, OH area range in price from $500 to $2,800 with an overall median price of $1,548. The three Toledo neighborhoods with the lowest median rent pricing are Birmingham at $625, Northriver at $625, and Ironwood at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toledo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Birmingham$985$625459
Northriver$985$625151
Ironwood$1,000$700569
Ottawa Hills$1,100$1,10032
DeVeaux$1,195$675154
Five Points$1,200$550429
Point Place$1,200$1,20026
Shoreland$1,200$1,20026
Scott Park$1,297$625212
Wernert's Corner$1,317$675213

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
Georgetown Village1 BEDROOM 1 BATH1BR,1BA$532
Oak Hill ApartmentsSmall One Bedroom1BR,1BA$550
Prescott PlaceTwo Bedroom2BR,1BA$550
Ashland Manor 55+1BD CONV1BR,1BA$550

Best Value Apartments for Rent in Toledo, OH

As of March 22, 2025 the best value apartment in the Toledo area is the $0.44 price per square foot 4032 Vermaas Ave Model at 4032 Vermaas Ave, Unit 1 in the in the North Toledo neighborhood starting from $850. The second greatest value Toledo apartment is the 4 Bed, 2.5 Bath- Student Townhome Model at Owens Lake Commons starting at $600 with a $0.37 price per square foot in the East 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.
4032 Vermaas Ave, Unit 14032 Vermaas Ave2BR,1BA$0.44
Owens Lake Commons4 Bed, 2.5 Bath- Student Townhome4BR,2.5BA$0.37
811 Collins St, Unit #Upper811 Collins St3BR,1BA$0.77
462 3rd St462 3rd St2BR,1BA$0.53
1311 Mason St1311 Mason St2BR,1BA$0.59
Brookhill ApartmentsTwo-Bedroom Townhome2BR,1BA$0.84
4715 Bennett Rd, Unit 144715 Bennett Rd2BR,1BA$0.80
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.75
Quail Ridge ApartmentsOne Bedroom1BR,1BA$0.86
1002 Prouty Ave, Unit C1002 Prouty Ave1BR,1BA$0.71

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Frequently Asked Questions about Toledo

What type of rentals are currently available in Toledo?

There are currently 1247 Apartments for Rent in Toledo, OH with pricing that ranges from $475 to $3,568. There are also 212 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 $1,175.

How much are larger Three and Four Bedroom Rentals in Toledo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Toledo range from $675 to $3,568, while Three Bedroom Homes, Condos, and Townhomes for rent range from $673 to $2,800. Four Bedroom Single-Family rentals are also available starting from $859 and Four Bedroom Apartments start at $1,795.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.