Cheap Apartments for Rent in Toledo, IA from $300 (17 Rentals)

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Stella Townhomes
1 to 3 Bedroom Apartments

Stella Townhomes

1236 Bliss StreetGrinnell, IA 50112
  • Utilities Included

Toledo, IA Local Guide

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. The Tallcorn has the second lowest priced unit, which is a 1 Bed apartment currently listed from $505. Here is today’s list of the most affordable Toledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
The Tallcorn1 bedroom, 1 bath1BR,1BA$505
Hunters RunA21BR,1BA$608
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Meadow Ridge Apartments1 BR/ 1 BA1BR,1BA$675

Best Value Apartments for Rent in Toledo, IA and Nearby

As of June 10, 2025 the best value apartment in the Toledo area is the $0.70 price per square foot 3 Bed 2 Bath Model at Pheasant Hollow Apartments in the starting from $1,000. The second greatest value Toledo apartment is the 3/2.00 Model at Hawkeye Towers starting at $505 with a $0.50 price per square foot . 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.
Pheasant Hollow Apartments3 Bed 2 Bath3BR,2BA$0.70
Hawkeye Towers3/2.003BR,2BA$0.50
THE ARBORS APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$0.83
Hotel Maytag Apartments2 bedroom A2BR,1BA$0.75
Le Chateau2BR/1.5BA2BR,1.5BA$0.90
Marshalltown EstatesUnit 352BR,2BA$0.78
Crown Point Apartments2BR/1.0BA2BR,1BA$0.92
Hunters RunA21BR,1BA$0.87
The Reserves at South Lake1B1B1BR,1BA$0.61
The Tallcorn1 bedroom, 1 bath1BR,1BA$0.83

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Toledo, IA Rentals by Map

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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

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.