Cheap Homes for Rent in Toledo, OH from $600 (93 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

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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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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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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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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Toledo, OH Local Guide

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 12/16/2025

Current apartment rentals in the Toledo, OH area range in price from $330 to $4,840 with an overall median price of $1,658. The three Toledo neighborhoods with the lowest median rent pricing are Alexis Addition at $625, Shoreland at $625, and Whitmer at $600. 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$857$60012
Whitmer Trilby$895$58322
Harvard Terrace$925$52532
Southside$925$52527
Elmhurst$940$60026
North Towne$999$55022
Scott Park$1,075$47528
Beverly$1,084$57531

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. University Hills in the North Toledo neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $520. Here is today’s list of the most affordable Toledo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Hill Apartments1BR/1BA1BR,1BA$475
University HillsA2DO Floor Plan(Double Occupancy*)1BR,1BA$520
5311 N Detroit Apartments1 Beds, 1 Baths1BR,1BA$550
Prescott PlaceOne Bedroom1BR,1BA$560
The MatsonOne Bedroom1BR,1BA$600
The AvenueOne Bedroom1BR,1BA$600
Executive Towers ApartmentsStudio1BR,1BA$600
Terraceview ApartmentsOne Bedroom1BR,1BA$600
Larchmont EstatesNewly Renovated Studio Apartment - 0Bed/1BaStudio,1BA$625
Parkside ApartmentsThe Brook1BR,1BA$625

Best Value Apartments for Rent in Toledo, OH

As of December 16, 2025 the best value apartment in the Toledo area is the $0.89 price per square foot 3030 Hardale Blvd Model at 3030 Hardale Blvd, Unit 2 Upper in the in the North Toledo neighborhood starting from $1,650. The second greatest value Toledo apartment is the The Erie Model at Commodore Perry Apartments starting at $1,199 with a $0.89 price per square foot in the Ironwood 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.
3030 Hardale Blvd, Unit 2 Upper3030 Hardale Blvd2BR,2BA$0.89
Commodore Perry ApartmentsThe Erie2BR,1BA$0.89
3048 Carskaddon Ave, Unit 33048 Carskaddon Ave2BR,1BA$0.89
Prescott Place3 Beds, 1 Baths3BR,1BA$0.70
2820 Collingwood Blvd1 Bedroom1BR,1BA$0.74
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.84
6730 Hill Ave1 Bedroom1BR,1BA$0.94
River Bend ApartmentsOne Bedroom1BR,1BA$0.87
Hunters Ridge Toledo1 BEDROOM 1 BATH1BR,1BA$0.91
135 Everett St, Unit Upper135 Everett St2BR,1BA$0.89

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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Toledo, OH Rentals by Map

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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 Toledo

What type of rentals are currently available in Toledo?

There are currently 1200 Apartments for Rent in Toledo, OH with pricing that ranges from $330 to $4,840. There are also 222 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toledo ranging from $650 to $4,500.

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 $650 to $4,500 with an average monthly rent of $1,138.

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 $675 to $2,837, while Three Bedroom Homes, Condos, and Townhomes for rent range from $845 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $549.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!