
Cheap Homes for Rent near Toledo, IA from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Toledo.


114 E 4th St

1254 W Mullan Ave

1272 W Mullan Ave

3271 Ansborough Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2552 Smith Ave

927 Forest Ave

720 W 9th St

414 Randall St

822 Hammond Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Toledo, IA Local Guide

How much does it cost to rent a home in Toledo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Toledo 2 Bedroom Homes for Rent | $1,207 | $750 | $2,000 |
| Toledo 3 Bedroom Homes for Rent | $1,438 | $895 | $2,495 |
| Toledo 4 Bedroom Homes for Rent | $1,350 | $1,250 | $1,450 |
| Toledo 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
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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. Crown Point has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. 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 |
| Crown Point | 2BR/1.0BA | 2BR,1BA | $600 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $625 |
Best Value Apartments for Rent in Toledo, IA and Nearby
As of July 29, 2026 the best value apartment in the Toledo area is the $0.78 price per square foot 2 Bedroom 1 Bathroom - Large Model at THE ARBORS APARTMENTS in the in the East Gate Estates neighborhood starting from $859. The second greatest value Toledo apartment is the 2BR/1.5BA Model at Le Chateau starting at $795 with a $0.85 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. |
|---|---|---|---|
| THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom - Large | 2BR,1BA | $0.78 |
| Le Chateau | 2BR/1.5BA | 2BR,1.5BA | $0.85 |
| SUNDANCE NEWTON APARTMENTS | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.02 |
| Walnut Creek Apartments | 2 BD Legacy | 2BR,1BA | $0.94 |
| Southtown Apartments | B1 | 2BR,1BA | $0.95 |
| Olive Terrace Apartments | B1 | 2BR,1BA | $1.00 |
| Crown Point | 2BR/1.0BA | 2BR,1BA | $0.74 |
| Hotel Maytag Apartments | 1 bedroom A | 1BR,1BA | $0.90 |
| The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
| Meadow Ridge Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.02 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Toledo, IA
Frequently Asked Questions about Toledo
What type of rentals are currently available in Toledo?
There are currently 65 Apartments for Rent in Toledo, IA with pricing that ranges from $587 to $2,200. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toledo ranging from $525 to $2,495.
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 $525 to $2,495 with an average monthly rent of $1,175.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.