Cheap Apartments for Rent in the Franklin Park Neighborhood of Toledo, OH from $500 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Franklin Park area of Toledo.

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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Abbey Run
Studio to 2 Bedroom Apartments

Abbey Run

3355 W Alexis RdToledo, OH 43623

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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Orchard Farms
Studio to 2 Bedroom Apartments

Orchard Farms

5747 Talmadge RdToledo, OH 43623
  • Utilities Included
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Elmhurst Park
2 to 3 Bedroom Apartments

Elmhurst Park

3221 Elmview DrToledo, OH 43613
  • Utilities Included

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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Secor Woods
1 to 2 Bedroom Apartments

Secor Woods

6016 Secor RdToledo, OH 43613
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Ravenswood Apartments
1 to 2 Bedroom Apartments

Ravenswood Apartments

4668 Talmadge RdToledo, OH 43623
  • Utilities Included
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Centurion House
2 Bedroom Apartments

Centurion House

4125 W Sylvania AveToledo, OH 43623
  • Utilities Included

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.

property at 4994 Main St

$915 - $1,010

1 To 2 Bedroom Rentals

Available Now

4994 Main St

SylvaniaOH43560
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Hunt Club Apartments
1 to 2 Bedroom Apartments

Hunt Club Apartments

5600 W Alexis RdSylvania, OH 43560
  • Utilities Included

Franklin Park, Toledo, OH Local Guide

Cheapest Available Franklin Park Apartments for Rent

 

The cheapest available apartment rental in the Franklin Park area of Toledo, OH is a 1 Bed unit found at Violet Trace priced from $650. Hunt Club Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Franklin Park apartments for rent in Toledo, OH:

Apartment ListingModel NameBed/BathPriced From
Violet Trace1 Bedroom1BR,1BA$650
Hunt Club Apartments1x1 4901BR,1BA$700
Alexor1 BR (Efficiency), 1 BA- Premium1BR,1BA$760
Garden Arms of WestgateUpper Standard 1 Bedroom1BR,1BA$775
Winter Haven ApartmentsOne Bedroom1BR,1BA$785
Secor WoodsUnit 12BR,1BA$825
River Birch Village1 Bedroom1BR,1BA$895
Secor FlatsRenovated 1 bedroom 1 bathroom1BR,1BA$899
Tamarack Creek2 BR, 1 BA- Premium2BR,1BA$1,000
The Peak Apartments and TownhomesRenovated 2 Bed 1 Bath Townhouse2BR,1BA$1,429

Best Value Apartments for Rent in Franklin Park, OH

As of May 07, 2026 the best value apartment in the Franklin Park area is the $1.36 price per square foot Renovated 1 Bed 1 Bath Loft Model at The Peak Apartments and Townhomes in the in the North Toledo neighborhood starting from $1,124. The second greatest value Franklin Park apartment is the 2 BR, 1 BA- Premium Model at Tamarack Creek starting at $1,000 with a $1.25 price per square foot in the North Toledo neighborhood. Here is today’s list of the best values for Franklin Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Peak Apartments and TownhomesRenovated 1 Bed 1 Bath Loft1BR,1BA$1.36
Tamarack Creek2 BR, 1 BA- Premium2BR,1BA$1.25
Secor WoodsUnit 12BR,1.5BA$1.09
Winter Haven ApartmentsOne Bedroom1BR,1BA$1.12
Secor FlatsRenovated 1 Bedroom 1 Bathroom (Balcony)1BR,1BA$1.38
Alexor1 BR (Efficiency), 1 BA- Premium1BR,1BA$1.17
Garden Arms of WestgateLower Standard 1 BD1BR,1BA$1.35
River Birch Village1 Bedroom1BR,1BA$1.63
Violet Trace1 Bedroom1BR,1BA$1.24
Hunt Club Apartments1x1 4901BR,1BA$1.43

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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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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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Franklin Park, Toledo, and the greater Toledo area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Franklin Park Apartments

How much is rent for a Cheap One Bedroom Franklin Park Apartment?

The lowest price for a Cheap One Bedroom Franklin Park Apartment is $650 at Violet Trace.

What is the lowest price for a Cheap Two Bedroom Franklin Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Franklin Park is starting from $796 at Tamarack Creek.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.