Cheap Homes for Rent in Toledo, OH from $500 (84 Rentals)

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property at 454 Machen St

454 Machen St

ToledoOH43620

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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: 04/17/2025

Current apartment rentals in the Toledo, OH area range in price from $500 to $3,100 with an overall median price of $1,531. The three Toledo neighborhoods with the lowest median rent pricing are Shoreland at $800, Arbor Creek at $750, and Whitmer 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$800$8001
Arbor Creek$925$7505
Whitmer$925$6004
Whitmer Trilby$925$5756
Northriver$987$62510
Point Place$1,100$8001
DeVeaux$1,197$60014
Wernert's Corner$1,200$6009
Collingwood Springs$1,247$62515
Five Points$1,250$67531

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 17, 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 1220 Apartments for Rent in Toledo, OH with pricing that ranges from $475 to $3,480. There are also 192 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 $1,216.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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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.