Cheap Apartments for Rent in Toledo, OH from $300 (326 Rentals)

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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

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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

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 01/21/2026

Current apartment rentals in the Toledo, OH area range in price from $330 to $6,000 with an overall median price of $1,906. 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$6257
Whitmer$847$62514
Whitmer Trilby$884$58323
Elmhurst$925$67523
Southside$1,010$57527
Scott Park$1,050$47521
West Toledo$1,064$33029
North Towne$1,174$59024
Wernert's Corner$1,250$5258

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. Prescott Place in the North Toledo neighborhood 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
Prescott PlaceOne Bedroom1BR,1BA$550
Executive Towers ApartmentsStudio1BR,1BA$600
Terraceview ApartmentsOne Bedroom1BR,1BA$600
The AvenueOne Bedroom1BR,1BA$600
Machen St Apartments1 Bedroom1BR,1BA$625
Southwyck Place Apartments1A1BR,1BA$633
Park Terrace ApartmentsThe Maple1BR,1BA$635
Prescott Place3 Beds, 1 Baths3BR,1BA$650

Best Value Apartments for Rent in Toledo, OH

As of January 21, 2026 the best value apartment in the Toledo area is the $0.79 price per square foot 2614 Brentwood Ave Model at 2614 Brentwood Ave, Unit Brentwood in the in the North Toledo neighborhood starting from $950. The second greatest value Toledo apartment is the 3048 Carskaddon Ave Model at 3048 Carskaddon Ave, Unit 3 starting at $845 with a $0.89 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.
2614 Brentwood Ave, Unit Brentwood2614 Brentwood Ave2BR,1BA$0.79
3048 Carskaddon Ave, Unit 33048 Carskaddon Ave2BR,1BA$0.89
Prescott Place3 Beds, 1 Baths3BR,1BA$0.70
Oak Hill ApartmentsTwo Bedroom2BR,1BA$0.87
Prescott PlaceTwo Bedroom2BR,1BA$0.80
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.84
6730 Hill Avenue1BR/1.0BA1BR,1BA$0.94
3930 Upton Ave, Unit 13930 Upton Ave1BR,1BA$0.66
Abbey Run2 BED 1 BATH2BR,1BA$0.92
River Bend ApartmentsOne Bedroom1BR,1BA$0.87

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

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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 $650.

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 $1,906.

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 414 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 $536 which is $1,370 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

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.