Cheap Apartments for Rent in Toledo, IA from $300 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Toledo.

Clock Tower Senior Apartments

The Reserves at South Lake
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Hunters Run

Southern Hills

Prairie Village of LaPorte City

Courtyard Apartments

510 N 6th Ave E

Woodland Heights
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1422 Irish Dr

532 Western Ave
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

104 2nd Ave N

800 W Mullan Ave

114 E 4th St
Toledo, IA Local Guide

How much does it cost to rent an apartment in Toledo?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Toledo Studio Apartments | $787 | $725 | $850 |
Toledo 1 Bedroom Apartments | $1,071 | $394 | $1,995 |
Toledo 2 Bedroom Apartments | $1,087 | $467 | $2,570 |
Toledo 3 Bedroom Apartments | $1,047 | $536 | $1,900 |
Toledo 4 Bedroom Apartments | $380 | $380 | $380 |
Browse Top Apartments in Toledo
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Toledo, IA Local Guide
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Cheapest Available Toledo Apartments for Rent and Nearby
 The cheapest available apartment rental in Toledo, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. Hunters Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Toledo apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Reserves at South Lake | 1B1B | 1BR,1BA | $395 |
Hunters Run | A1 | 1BR,1BA | $550 |
The Tallcorn | 1 bedroom, 1 bath | 1BR,1BA | $620 |
Prairie Village of LaPorte City | 1 Bedroom | 1BR,1BA | $643 |
Pheasant Hollow Apartments | 2 Bed 1 Bath - 1274 Sq. Ft. | 2BR,1BA | $705 |
Best Value Apartments for Rent in Toledo, IA and Nearby
As of September 09, 2025 the best value apartment in the Toledo area is the $0.55 price per square foot 2 Bed 1 Bath - 1274 Sq. Ft. Model at Pheasant Hollow Apartments in the starting from $705. The second greatest value Toledo apartment is the 4BR/2BA Model at Hawkeye Towers starting at $380 with a $0.35 price per square foot . Here is today’s list of the best values for Toledo apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pheasant Hollow Apartments | 2 Bed 1 Bath - 1274 Sq. Ft. | 2BR,1BA | $0.55 |
Hawkeye Towers | 4BR/2BA | 4BR,2BA | $0.35 |
THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.83 |
Hunters Run | B2 | 2BR,1BA | $0.82 |
SUNDANCE MARSHALLTOWN APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.97 |
Southern Hills | B1 | 2BR,1BA | $0.92 |
Crown Point Apartments | 2BR/1.0BA | 2BR,1BA | $0.92 |
Courtyard Apartments | C1 | 3BR,1BA | $0.99 |
Woodland Heights | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Toledo, IA
Walk Score®
24 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
26 / 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
How much is rent for a Cheap One Bedroom Toledo Apartment?
The lowest price for a Cheap One Bedroom Toledo Apartment is $395 at The Reserves at South Lake.
What is the lowest price for a Cheap Two Bedroom Toledo Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Toledo is starting from $470 at The Reserves at South Lake.
What is the most affordable Toledo Three Bedroom Apartment?
The best deal on a cheap Toledo Three Bedroom Apartment rental is at The Reserves at South Lake and starts from $536.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.