Cheap Homes for Rent in Toledo, OH from $500 (99 Rentals)

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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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property at 1125 Newbury St

1125 Newbury St

ToledoOH43609

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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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: 08/02/2025

Current apartment rentals in the Toledo, OH area range in price from $575 to $2,900 with an overall median price of $1,410. The three Toledo neighborhoods with the lowest median rent pricing are Whitmer Trilby at $675, Northriver at $946, and Alexis Addition at $999. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Toledo Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Whitmer Trilby$800$6753
Northriver$1,037$9466
Alexis Addition$1,095$9993
Shoreland$1,095$7254
Nasby$1,100$8004
Point Place$1,100$7255
Elmhurst$1,195$6858
North Towne$1,200$72510
Five Points$1,225$65040
DeVeaux$1,272$68519

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. 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
Prescott PlaceOne Bedroom1BR,1BA$500
Oak Hill ApartmentsSmall One Bedroom1BR,1BA$550
Prescott Place1 Beds, 1 Baths1BR,1BA$595
Parkside ApartmentsThe Brook1BR,1BA$600
Terraceview ApartmentsOne Bedroom1BR,1BA$600
Executive Towers ApartmentsStudioStudio,1BA$600
Southwyck Place Apartments1A1BR,1BA$622
Larchmont EstatesNewly Renovated 1 Bedroom 1 Bath Apartment1BR,1BA$624

Best Value Apartments for Rent in Toledo, OH

As of August 02, 2025 the best value apartment in the Toledo area is the $0.96 price per square foot 2 Bedroom Apartment Model at Eagle Ridge Apartments in the in the Southwyck neighborhood starting from $1,100. The second greatest value Toledo apartment is the Westville 3 Bedroom 1.5 Bath Townhome Model at Canyon Cove Villas and Townhomes starting at $979 with a $0.97 price per square foot in the Reynolds Corner 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.
Eagle Ridge Apartments2 Bedroom Apartment2BR,2BA$0.96
Canyon Cove Villas and TownhomesWestville 3 Bedroom 1.5 Bath Townhome3BR,1.5BA$0.97
Heathbriar ApartmentsTwo Bedroom Renovated2BR,1BA$0.95
2954 Carskaddon Ave, Unit #22954 Carskaddon Ave2BR,1BA$0.92
River View ApartmentsTwo bedroom2BR,1BA$0.97
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.84
River Bend ApartmentsOne Bedroom1BR,1BA$0.87
North Towne Villas1 Bedroom1BR,1BA$0.94
Sunnydale Estates Apartments1 BEDROOM 1 BATH SUNNYDALE1BR,1BA$0.93
The AvenueOne Bedroom1BR,1BA$0.97

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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 1195 Apartments for Rent in Toledo, OH with pricing that ranges from $340 to $8,331. There are also 214 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 $1,132.

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 $745 to $2,949, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $609.

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.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.