Cheap Homes for Rent in Toledo, IA from $600 (15 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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. 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 ListingModel NameBed/BathPriced From
The Reserves at South Lake1B1B1BR,1BA$395
Hunters RunA11BR,1BA$550
The Tallcorn1 bedroom, 1 bath1BR,1BA$620
Prairie Village of LaPorte City1 Bedroom1BR,1BA$643
Pheasant Hollow Apartments2 Bed 1 Bath - 1274 Sq. Ft.2BR,1BA$705

Best Value Apartments for Rent in Toledo, IA and Nearby

As of August 29, 2025 the best value apartment in the Toledo area is the $0.61 price per square foot 3 Bed 1 Bath Model at Pheasant Hollow Apartments in the starting from $850. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pheasant Hollow Apartments3 Bed 1 Bath3BR,1BA$0.61
Hawkeye Towers4BR/2BA4BR,2BA$0.35
THE ARBORS APARTMENTS2 Bedroom 1 Bathroom2BR,1BA$0.83
Hunters RunB22BR,1BA$0.82
SUNDANCE MARSHALLTOWN APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$0.97
SUNDANCE NEWTON APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$0.97
Crown Point Apartments2BR/1.0BA2BR,1BA$0.99
Woodland Heights2 Bed 1 Bath2BR,1BA$1.00
201 E High St, Unit 240201 E High St1BR,1BA$0.86
The Reserves at South Lake1B1B1BR,1BA$0.61

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

Explore Toledo, IA Rentals by Map

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Frequently Asked Questions about Toledo

What type of rentals are currently available in Toledo?

There are currently 55 Apartments for Rent in Toledo, IA with pricing that ranges from $380 to $3,193. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toledo ranging from $610 to $2,575.

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 $610 to $2,575 with an average monthly rent of $1,242.

How much are larger Three and Four Bedroom Rentals in Toledo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Toledo range from $536 to $1,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $1,795. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $380.

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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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.

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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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.