Cheap Apartments for Rent in Toledo, IA from $300 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Toledo.

Clock Tower Senior Apartments

The Reserves at South Lake

Hunters Run

Courtyard Apartments

Meadow Ridge Apartments
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.

Prairie Village of LaPorte City

Southern Hills

Brookview Terrace
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

104 2nd Ave N

308 E 13th St N

114 E 4th St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $1,095 | $394 | $1,995 |
| Toledo 2 Bedroom Apartments | $1,136 | $467 | $2,495 |
| Toledo 3 Bedroom Apartments | $1,321 | $850 | $1,950 |
Browse Top Apartments in Toledo
See all Apartments in ToledoExplore Toledo
Toledo, IA Local Guide
- Nearby Cities
- ZIP codes
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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 |
| Courtyard Apartments | B1 | 2BR,1BA | $619 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
| Prairie Village of LaPorte City | 1 Bedroom | 1BR,1BA | $643 |
Best Value Apartments for Rent in Toledo, IA and Nearby
As of December 09, 2025 the best value apartment in the Toledo area is the $0.77 price per square foot 2 Bed 1 Bath - 1117 Sq. Ft. Model at Pheasant Hollow Apartments in the starting from $865. The second greatest value Toledo apartment is the B8 - Income Restricted Model at Spaulding Lofts starting at $950 with a $0.93 price per square foot in the East Gate Estates neighborhood. 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 - 1117 Sq. Ft. | 2BR,1BA | $0.77 |
| Spaulding Lofts | B8 - Income Restricted | 2BR,2BA | $0.93 |
| Hawkeye Towers (new) | 3BR/2BA | 3BR,2BA | $0.50 |
| THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.83 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| Hunters Run | B1 | 2BR,1BA | $0.83 |
| Olive Terrace Apartments | B1 | 2BR,1BA | $0.90 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| Crown Point Apartments | 2BR/1.0BA | 2BR,1BA | $0.92 |
| The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Toledo, IA Rentals by Map
See the most popular apartments and homes in Toledo, IA
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
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.
Articles, How-To's, and Tips

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.





