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Historic Walnut Square
200 S 6th StTerre Haute, IN 47807
Cheap Apartments for Rent in Toledo, IL from $300 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Toledo.
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from $4643 Bedroom Apartments Contact Us For Availability
Sullivan Downtown Townhomes
833 E Davis StSullivan, IN 47882
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from $5361 to 4 Bedroom Apartments Available Now
Arbors at Honey Creek
200 W Wheeler AveTerre Haute, IN 47802
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6th St Apartments
1132-1142 6th StCharleston, IL 61920
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Arthur Ave Apartments
1301-1311 Arthur AveCharleston, IL 61920
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from $6751 to 2 Bedroom Apartments Available Now
Highland Terrace
4301 S 6th StTerre Haute, IN 47802
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.
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Springhill Apartments
1516 E Springhill DrTerre Haute, IN 47802
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1202 Jackson Ave
CharlestonIL61920
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700 S 8th St
Terre HauteIN47807
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1233 S 10th St
Terre HauteIN47802
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.
630 Ash St
Terre HauteIN47804
1201 S 7th St
Terre HauteIN47802
426 S 4th St
Terre HauteIN47807
1814 S 7th St
Terre HauteIN47802
610 S 5th St
Terre HauteIN47807
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.
702 S 8th St
Terre HauteIN47807
1305 18th St
CharlestonIL61920
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Toledo, IL Local Guide
Hometown of Superman by James Jordan is licensed under CC BY 2.0
How much does it cost to rent an apartment in Toledo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Toledo Studio Apartments | $757 | $715 | $870 |
| Toledo 1 Bedroom Apartments | $889 | $351 | $1,305 |
| Toledo 2 Bedroom Apartments | $1,085 | $519 | $1,908 |
| Toledo 3 Bedroom Apartments | $1,324 | $464 | $2,163 |
| Toledo 4 Bedroom Apartments | $1,196 | $465 | $2,510 |
Browse Top Apartments in Toledo
See all Apartments in ToledoExplore Toledo
Toledo, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Toledo Apartments for Rent and Nearby
The cheapest available apartment rental in Toledo, IL is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. Rider Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Toledo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
| Rider Place | 1 Bedroom | 1BR,1BA | $500 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
| Highland Terrace | 1 Bed 1 Bath | 1BR,1BA | $675 |
Best Value Apartments for Rent in Toledo, IL and Nearby
As of June 05, 2025 the best value apartment in the Toledo area is the $0.41 price per square foot 3 Bedroom Model at The Millennium Apartments in the starting from $505. The second greatest value Toledo apartment is the 2x2 Model at Arbors at Honey Creek starting at $1,022 with a $0.95 price per square foot in the Downtown Terre Haute 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. |
|---|---|---|---|
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.95 |
| Royal Heights | 3 Person Occupancy | 3BR,1.5BA | $1.11 |
| Harrison West | 2 Bedroom | 2BR,1BA | $0.93 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
| Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
| Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
| Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
Quick Rent Budget Calculator
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Best Local Schools in Toledo, IL
Cumberland High School
Cumberland Community Unit School District 77
Public School - Grades 9-12 (319)
6 out of 10
Cumberland Middle School
Cumberland Community Unit School District 77
Public School - Grades 5-8 (288)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Toledo, IL Rentals by Map
See the most popular apartments and homes in Toledo, IL
Toledo, IL Apartments MapToledo, IL Rental Homes MapGetting Around Toledo, IL
Walk Score®
24 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
35 / 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
What is the Cheapest Studio apartment in Toledo?
Currently the most affordable Cheap Studio Apartment in Toledo is at The Annex of Terre Haute listed at $750.
How much is rent for a Cheap One Bedroom Toledo Apartment?
The lowest price for a Cheap One Bedroom Toledo Apartment is $500 at Rider Place.
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 $417 at Historic Walnut Square.
What is the most affordable Toledo Three Bedroom Apartment?
The best deal on a cheap Toledo Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.
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 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.
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.
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.
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.