Cheap Apartments for Rent in Toledo, OH from $300 (327 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

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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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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: 07/21/2026

Current apartment rentals in the Toledo, OH area range in price from $330 to $7,596 with an overall median price of $2,038. The three Toledo neighborhoods with the lowest median rent pricing are Alexis Addition at $625, Shoreland at $625, and Old Orchard at $330. 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$6254
Shoreland$825$6257
Old Orchard$850$33046
Old West End$865$61519
The Corridor$865$50019
Ottawa Hills$925$33098
Wernert's Corner$944$60010
Elmhurst$995$6509
Lagrange$1,050$47531
Ottawa$1,059$33061

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. Maple Creek Apartments in the North Toledo neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. Here is today’s list of the most affordable Toledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Hill Apartments1BR/1BA1BR,1BA$475
Maple Creek Apartments1 Bedroom Renovated1BR,1BA$560
Prescott Place1 Bed 1 Bath Apt.1BR,1BA$560
Vivo Toledo3 Bed 3 Bath - Student Housing (Per Ped)3BR,3BA$567
Oak Hill ApartmentsSmall One Bedroom1BR,1BA$570
2820 Collingwood Blvd1 Bed 1 Bath Apt.1BR,1BA$570
Oak Hill - Airport Hwy1BR/1BA1BR,1BA$575
Terraceview ApartmentsOne Bedroom1BR,1BA$600
Glendale VillageStudioStudio,1BA$610
Wynhaven Apartments1x1 6541BR,1BA$610

Best Value Apartments for Rent in Toledo, OH

As of July 21, 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
Beacon Point Apartments3 Bed 2 Bath3BR,2BA$0.87
University HillsB3 Floor Plan - Limited Availability!2BR,2BA$0.60
Prescott Place4 bed 1 bath Apt.4BR,1BA$0.87
2820 Collingwood Blvd1 Bed 1 Bath Apt.1BR,1BA$0.57
582 South Ave, Unit Lower582 South Ave2BR,1BA$0.85
Pine Meadows Apartments2x12BR,1BA$0.80
4013 Caroline Ave1 Beds, 1 Baths1BR,1BA$0.86
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.84

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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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

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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 $610.

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 $2,038.

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 244 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 $446 which is $1,592 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.