Cheap Apartments for Rent in Toledo, OH from $330 (299 Rentals)

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

Book Smarts, Smart Moves: Best Neighborhoods Near Toledo Campuses

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property at 3937 Lockwood Ave
$625 - $650
1 Bedroom Rentals
Available Now
Affordability

3937 Lockwood Ave

ToledoOH43612

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3217 Glanzman Rd, Unit H73
$700

Total Monthly Price

Base Rent$700
Total Monthly Price$700
1 Bedroom Apartment Available Now

3217 Glanzman Rd, Unit H73

3217 Glanzman RdToledo, OH 43614
Affordability
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Toledo, OH Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 09/04/2026

Current apartment rentals in the Toledo, OH area range in price from $330 to $7,200 with an overall median price of $1,106. The three Toledo neighborhoods with the lowest median rent pricing are The Corridor at $715, Old West End at $725, and Alexis Addition at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toledo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
The Corridor$715$61522
Old West End$725$61522
Alexis Addition$750$6252
Shoreland$750$6253
North Towne$787$58535
Five Points$792$60017
Wernert's Corner$792$6006
West Toledo$799$33036
Southside$810$57523
Beverly$814$57524

Cheapest Available Toledo Apartments for Rent

 

The cheapest available apartment rental in Toledo, OH is a 1 Bed unit found at Prescott Place in the North Toledo neighborhood priced from $560. Vivo Toledo in the West Toledo neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $567. Here is today’s list of the most affordable Toledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prescott Place1 Bed 1 Bath Apt.1BR,1BA$560
Vivo Toledo3 Bed 3 Bath - Student Housing (Per Ped)3BR,3BA$567
2820 Collingwood Blvd1 Bed 1 Bath Apt.1BR,1BA$570
Clair CommonsStudio One BathStudio,1BA$584
Maple Creek Apartments1 Bedroom Renovated1BR,1BA$585
Oak Hill Apartments1BR/1BA1BR,1BA$600
Oak Hill ApartmentsSmall One Bedroom1BR,1BA$600
Terraceview ApartmentsOne Bedroom1BR,1BA$600
Glendale VillageStudioStudio,1BA$610
The Avenue1 Bed 1 Bath Apt.1BR,1BA$615

Best Value Apartments for Rent in Toledo, OH

As of September 04, 2026 the best value apartment in the Toledo area is the $0.53 price per square foot 2018 Glenwood Ave Model at 2018 Glenwood Ave, Unit 3 in the in the North Toledo neighborhood starting from $950. The second greatest value Toledo apartment is the 2 Beds, 2 Baths Model at 4102 Garden Estates Dr starting at $950 with a $0.79 price per square foot in the North Toledo neighborhood. 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.
2018 Glenwood Ave, Unit 32018 Glenwood Ave2BR,1BA$0.53
4102 Garden Estates Dr2 Beds, 2 Baths2BR,2BA$0.79
5623 Ryewyck Dr2 Beds, 1 Baths2BR,1BA$0.86
Prescott Place4 bed 1 bath Apt.4BR,1BA$0.87
University HillsB3DO Floor Plan(Double Occupancy*) - Limited Spots2BR,2BA$0.33
2820 Collingwood Blvd1 Bed 1 Bath Apt.1BR,1BA$0.57
Pine Meadows Apartments2x12BR,1BA$0.80
1509 Brooke Park Dr, Toledo OH 436122BR/1.0BA2BR,1BA$0.81
1540 Brooke Park Dr, Toledo OH 436122BR/1.0BA2BR,1BA$0.82
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.84

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Navigating the Rental Market: Tips for First-Time Renters

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Real 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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Toledo Overview

"Toledo, Ohio, located on the Maumee River and just north of the Great Black Swamp giving it the nickname “Frog Town,” is one of the best-kept secrets in the United States. It is rich in culture, history, outdoor activities, and it all comes at a low cost of living. The friendly down-to-earth locals represent the city’s attitude and slogan “You will do better in Toledo."" Toledo is also known for its roots in the glass industry as the “Glass City” and home of the Martin Luther King, Jr. Plaza with a 50-by-4 foot glass mural as a reminder that Toledo is the center of the glass industry. With so much history and fun to be had by residents, it's no wonder so many find their perfect home among the many options in Toledo apartments."

Why live in Toledo, OH?

Toledo has an excellent mix of culture, art, education opportunities, outdoor activities, city history, museums, and landmarks. It is a family-focused community with an extensive park system throughout the city. The University of Toledo has a beautiful campus on 858 acres and was rated Tier 2 in the 2016 edition of the Best Colleges. Toledo has a long history of innovation from businesses like the glass industry and Jeep vehicles. The diversity of the population adds variety to the local food, music, art, and fun in the area. Toledo is a place you don't want to miss!

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

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Toledo, OH Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
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Catrina • 1+ years in Toledo

September 4, 2025

Toledo has a lot of fantastic things to do and places to live. I'm particularly fond of Ottawa, especially with its Metropark system. For families, there are neighborhoods a little bit away from Toledo's main campus, which to me feel like less congested areas that are easier to get around. I love the easy access to the Ohio Turnpike!

Cat • 2+ years in Toledo

May 7, 2025

Toledo is a great place to live. Like any big city, it has all the modern amenities, but it also borders Lake Erie and is super close to Michigan and Indiana, making it easier to work in one of three states. Even better, the turnpike across northern Ohio comes through Toledo (super fast highway to get from there to the outskirts of Cleveland and down through Youngstown). Honestly, you can't beat the location.

Frequently Asked Questions about Cheap Toledo Apartments

What is a cheap apartment in Toledo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Toledo is under $615.

What is the price of a cheap apartment in Toledo?

The cheapest apartment in Toledo is Prescott Place which is listed at $560, while the average apartment in Toledo costs $1,106.

What types of apartments are the cheapest in Toledo?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 173 regular apartments in Toledo that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Toledo?

Cheap apartments in Toledo have an average cost of $387 which is $719 cheaper than the average rent for all rentals in Toledo.

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

decorative image for Book Smarts, Smart Moves: Best Neighborhoods Near Toledo Campuses article

Book Smarts, Smart Moves: Best Neighborhoods Near Toledo Campuses

Written by: Catrina Cowart

Toledo is home to multiple higher-education institutions, with the University of Toledo topping that list.

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.