
Cheap Homes for Rent in Toledo, OR from $1,500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Toledo.


9178 NW Seal Rock St

2950 SW Coho St

680 SE Hwy 101

1000 SW Bay St

719 SE Reef Ave

6298 SW Grand Oaks Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

3440 US-101

3031 NE West Devils Lake Rd

2368 Salmon River Hwy

2371 Salmon River Hwy

40 Fern St

3440 S Hwy 101

5188 S Summer Pl
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.
Toledo, OR 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 | $1,999 | $1,695 | $2,500 |
| Toledo 3 Bedroom Homes for Rent | $2,640 | $2,000 | $5,500 |
| Toledo 4 Bedroom Homes for Rent | $2,855 | $2,695 | $2,995 |
Browse Top Homes for Rent in Toledo
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Toledo, OR Local Guide
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Cheapest Available Toledo Apartments for Rent and Nearby
 The cheapest available apartment rental in Toledo, OR is a Studio unit found at Fisterra Garden Townhomes priced from $495. The Vicinity has the second lowest priced unit, which is a 2 Beds apartment currently listed from $999. Here is today’s list of the most affordable Toledo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fisterra Garden Townhomes | 0 Bedrooms 1 Bedroom | Studio,1BA | $495 |
| The Vicinity | 2x1 | 2BR,1BA | $999 |
| The Riviera | 2BR 1 Bath | 2BR,1BA | $1,099 |
| Oakvilla | 1x1 | 1BR,1BA | $1,195 |
| Victoria Place Apartments | 1x1 Flat | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Toledo, OR and Nearby
As of June 12, 2026 the best value apartment in the Toledo area is the $1.48 price per square foot Two Bedroom Model at 478 S Main St in the in the Monmouth Independence neighborhood starting from $1,850. The second greatest value Toledo apartment is the 3 Bed, 3 Bath Classic Model at Yugo Corvallis Domain starting at $799 with a $0.65 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. |
|---|---|---|---|
| 478 S Main St | Two Bedroom | 2BR,2BA | $1.48 |
| Yugo Corvallis Domain | 3 Bed, 3 Bath Classic | 3BR,3BA | $0.65 |
| Park Plaza | Two Bedroom-Two Bath | 2BR,2BA | $1.62 |
| Conifer Place | Two Bed Two Bath C | 2BR,2BA | $1.76 |
| Crystal Lake Apartments | 2BR 2 Bath | 2BR,2BA | $1.70 |
| Ash Creek Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.75 |
| 020-Creekside Apartments | 2x1 | 2BR,1BA | $1.61 |
| Creekside & Spring Creek | Spring Creek 2x1 Small | 2BR,1BA | $1.87 |
| Victoria Place Apartments | 1x1 Flat | 1BR,1BA | $1.85 |
| Fisterra Garden Townhomes | 0 Bedrooms 1 Bedroom | Studio ,1BA | $1.51 |
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.
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!
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Frequently Asked Questions about Toledo
What type of rentals are currently available in Toledo?
There are currently 58 Apartments for Rent in Toledo, OR with pricing that ranges from $695 to $4,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toledo ranging from $1,500 to $5,500.
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 $1,500 to $5,500 with an average monthly rent of $2,162.
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 $1,575 to $2,845, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,695 and Four Bedroom Apartments start at $1,900.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.