Cheap Homes for Rent in Toledo, OH from $500 (113 Rentals)

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property at 454 Machen St

454 Machen St

ToledoOH43620
property at 1130 N Huron St

1130 N Huron St

ToledoOH43604

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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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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property at 1125 Newbury St

1125 Newbury St

ToledoOH43609

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Toledo, OH Local Guide

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 06/12/2025

Current apartment rentals in the Toledo, OH area range in price from $475 to $4,424 with an overall median price of $1,488. The three Toledo neighborhoods with the lowest median rent pricing are Shoreland at $625, Trilby at $499, and Southwyck at $510. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toledo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Shoreland$825$6253
Trilby$904$49925
Southwyck$989$510103
Whitmer$999$49938
Old West End$1,090$51569
The Corridor$1,200$55068
Beverly$1,215$47552
Glendale$1,215$47542
Glendale Heatherdowns$1,215$47554
Gould$1,215$47558

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 Old Orchard neighborhood priced from $475. The Avenue in the North Toledo neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Toledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Hill Apartments1BR/1BA1BR,1BA$475
The AvenueOne Bedroom1BR,1BA$500
University HillsA2DO Floor Plan(Double Occupancy*)1BR,1BA$515
Ashland Manor 55+1BD CONV1BR,1BA$550
Clair CommonsStudio One BathStudio,1BA$579
Prescott Place1 Beds, 1 Baths1BR,1BA$595
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$600
Parkside ApartmentsThe Brook1BR,1BA$600
Terraceview ApartmentsOne Bedroom1BR,1BA$600
Executive Towers ApartmentsStudioStudio,1BA$600

Best Value Apartments for Rent in Toledo, OH

As of June 12, 2025 the best value apartment in the Toledo area is the $0.44 price per square foot 4032 Vermaas Ave Model at 4032 Vermaas Ave, Unit 1 in the in the North Toledo neighborhood starting from $850. The second greatest value Toledo apartment is the 102 Melrose Ave Model at 102 Melrose Ave, Unit 102 melrose toledo unit 1 starting at $1,225 with a $0.88 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.
4032 Vermaas Ave, Unit 14032 Vermaas Ave2BR,1BA$0.44
102 Melrose Ave, Unit 102 melrose toledo unit 1102 Melrose Ave3BR,1BA$0.88
811 Collins St, Unit Lower811 Collins St3BR,1BA$0.69
4129 N Lockwood Ave, Unit Upper4129 N Lockwood Ave2BR,1BA$0.63
2614 Brentwood Ave, Unit Brentwood2614 Brentwood Ave2BR,1BA$0.79
2954 Carskaddon Ave, Unit 32954 Carskaddon Ave2BR,1BA$0.92
Brookhill ApartmentsTwo-Bedroom Townhome2BR,1BA$0.84
Hunters Ridge Toledo2 BEDROOM 1 BATH2BR,1BA$0.86
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.75
Quail Ridge ApartmentsOne Bedroom1BR,1BA$0.86

Quick Rent Budget Calculator

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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, OH Area Reviews

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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 Toledo

What type of rentals are currently available in Toledo?

There are currently 1188 Apartments for Rent in Toledo, OH with pricing that ranges from $475 to $4,424. There are also 195 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toledo ranging from $575 to $3,500.

What is the current price range for Rental Homes in Toledo?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Toledo ranges from $575 to $3,500 with an average monthly rent of $1,408.

How much are larger Three and Four Bedroom Rentals in Toledo?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Toledo range from $775 to $3,096, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,600. Four Bedroom Single-Family rentals are also available starting from $859 and Four Bedroom Apartments start at $1,300.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.