Cheap Homes for Rent in Toledo, OH from $400 (133 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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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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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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Toledo, OH Local Guide

Cheapest Neighborhoods for Apartments in Toledo, OH

Pricing Updated: 02/04/2026

Current apartment rentals in the Toledo, OH area range in price from $330 to $6,000 with an overall median price of $1,886. The three Toledo neighborhoods with the lowest median rent pricing are Shoreland at $625, Whitmer at $625, and Wernert's Corner at $525. 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$62511
Whitmer$895$62511
Wernert's Corner$897$5257
Alexis Addition$899$6259
Whitmer Trilby$899$58316
Elmhurst$930$67122
Scott Park$1,000$47529
West Toledo$1,069$33028
Five Points$1,075$51524
North Towne$1,075$66522

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
Oak Hill ApartmentsSmall One Bedroom1BR,1BA$550
Prescott PlaceTwo Bedroom2BR,1BA$550
Terraceview ApartmentsOne Bedroom1BR,1BA$600
Executive Towers ApartmentsStudio1BR,1BA$600
Southwyck Place Apartments1A1BR,1BA$623
Machen St Apartments1 Bedroom1BR,1BA$625

Best Value Apartments for Rent in Toledo, OH

As of February 04, 2026 the best value apartment in the Toledo area is the $0.79 price per square foot 2614 Brentwood Ave Model at 2614 Brentwood Ave, Unit Brentwood in the in the North Toledo neighborhood starting from $950. The second greatest value Toledo apartment is the 2 BEDROOM 1 BATH Model at Miracle Manor starting at $819 with a $0.85 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.
2614 Brentwood Ave, Unit Brentwood2614 Brentwood Ave2BR,1BA$0.79
Miracle Manor2 BEDROOM 1 BATH2BR,1BA$0.85
3048 Carskaddon Ave, Unit 33048 Carskaddon Ave2BR,1BA$0.89
Cambridge Woods2 Bedroom2BR,1BA$0.90
River Bend ApartmentsTwo Bedroom2BR,1BA$0.88
Oak Hill - Airport Hwy2BR/1BA2BR,1BA$0.84
6730 Hill Avenue1BR/1.0BA1BR,1BA$0.87
3930 Upton Ave, Unit 13930 Upton Ave1BR,1BA$0.66
Abbey Run2 BED 1 BATH2BR,1BA$0.92
Prescott PlaceOne Bedroom1BR,1BA$0.77

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

Explore Toledo, OH Rentals by Map

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See the most popular apartments and homes in Toledo, OH

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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 1206 Apartments for Rent in Toledo, OH with pricing that ranges from $330 to $3,409. There are also 305 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toledo ranging from $435 to $5,000.

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 $435 to $5,000 with an average monthly rent of $2,120.

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 $699 to $2,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $559.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.