Cheap Apartments for Rent in Toledo, OH from $300 (301 Rentals)

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

property at 3010 Warsaw St

$595 - $800

1 To 2 Bedroom Rentals

Available Now

3010 Warsaw St

ToledoOH43608

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.

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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.

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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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Book Smarts, Smart Moves: Best Neighborhoods Near Toledo Campuses

Explore the top Toledo neighborhoods for student rentals near major universities, campuses, parks, and hospitals—perfect for every stage of college life.

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Top Neighborhoods Near Toledo Colleges and Universities

Learn about Toledo and the best places to live with original content written by our Local Expert Catrina Cowart

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Toledo, OH Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 04/22/2026

Current apartment rentals in the Toledo, OH area range in price from $330 to $5,299 with an overall median price of $1,558. The three Toledo neighborhoods with the lowest median rent pricing are Alexis Addition at $625, Shoreland at $625, and Whitmer at $625. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toledo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Alexis Addition$825$6255
Shoreland$825$6258
Whitmer$890$6256
Wernert's Corner$898$6715
Whitmer Trilby$909$5839
Elmhurst$952$65016
Five Points$1,012$59515
North Towne$1,075$65630
Southwyck$1,179$60040
Ottawa$1,250$33047

Cheapest Available Toledo Apartments for Rent

 

The cheapest available apartment rental in Toledo, OH is a 1 Bed unit found at Oak Hill Apartments in the Glendale neighborhood priced from $475. Oak Hill Apartments 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
Oak Hill Apartments1BR/1BA1BR,1BA$475
Oak Hill ApartmentsSmall One Bedroom1BR,1BA$550
Kensington Place ApartmentsStudioStudio,1BA$550
Maple Creek Apartments1 Bedroom Renovated1BR,1BA$560
Prescott Place1 Bed 1 Bath Apt.1BR,1BA$560
Village Meadows Apartments - a 55+ community1x11BR,1BA$595
Terraceview ApartmentsOne Bedroom1BR,1BA$600
Executive Towers ApartmentsStudio1BR,1BA$600
Wynhaven Apartments1x1 6541BR,1BA$610
Parkside ApartmentsThe Brook1BR,1BA$625

Best Value Apartments for Rent in Toledo, OH

As of April 22, 2026 the best value apartment in the Toledo area is the $0.54 price per square foot 3 Bed 2 Bath Shared Living Suite Model at Owens Lake Commons in the starting from $680. The second greatest value Toledo apartment is the B3 Floor Plan Model at University Hills starting at $599 with a $0.60 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.
Owens Lake Commons3 Bed 2 Bath Shared Living Suite3BR,2BA$0.54
University HillsB3 Floor Plan2BR,2BA$0.60
2820 Collingwood Blvd1 Bed 1 Bath Apt.1BR,1BA$0.63
Miracle Manor2 BEDROOM 1 BATH2BR,1BA$0.78
417 Utah St, Unit 417 utah upstairs417 Utah St2BR,1BA$0.74
Pine Meadows Apartments2x12BR,1BA$0.80
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.84
Abbey Run2 BED 1 BATH2BR,1BA$0.92
River Bend ApartmentsOne Bedroom1BR,1BA$0.87
Prescott Place1 Bed 1 Bath Apt.1BR,1BA$0.79

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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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
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 $625.

What is the price of a cheap apartment in Toledo?

The cheapest apartment in Toledo is Oak Hill Apartments which is listed at $475, while the average apartment in Toledo costs $1,558.

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 317 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 $368 which is $1,190 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 A Local Experts Guide to the Best Affordable Neighborhoods in Toledo, OH article

A Local Experts Guide to the Best Affordable Neighborhoods in Toledo, OH

Written by: Catrina Cowart

Hello! I'm Catrina, your ApartmentHomeLiving.com Local Expert for Toledo, Ohio, and I'm ready to tell you all about the great neighborhoods you can be a part of in this multicultural city.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.