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apartments under 500
Last updated December 11 2019 at 8:03 PM

9 Apartments under $500 for rent in Toledo, OH

Verified
Last updated December 11 at 06:13pm
Reynolds Corners
7 Units Available
Parkside
1408 Brookview Dr, Toledo, OH
1 Bedroom
$380
385 sqft
2 Bedrooms
$485
670 sqft
Recently renovated apartments with a view of the Swan Creek Preserve Metropark. On-site laundry, dishwashers, outdoor space, parking and 24-hour maintenance included. Access to gym, courtyard and volleyball courts.
Last updated December 11 at 08:41am
Five Points - Library Village
1 Unit Available
4117 Walker Ave
4117 Walker Avenue, Toledo, OH
2 Bedrooms
$495
747 sqft
This property is available on a rent-to-own basis. Two Bedroom One bath 747 sq ft home. Take advantage of our Low Down / Low Monthly Rent to Own program. For just $1000 Down and $495 a Month, you can start on the path to home ownership.
Last updated December 9 at 05:01pm
Five Points - Library Village
1 Unit Available
4309 Burnham Ave
4309 Burnham Ave, Toledo, OH
1 Bedroom
$430
650 sqft
1 Bedroom duplex - Five Points Neighborhood - ___***OPEN HOUSE***___ Thursday 12/12 from 2:00pm - 2:30pm **Call Buckeye Northwest Realty to set up a showing at 419-385-5555!** For more information on this or other properties available through
Last updated December 9 at 05:01pm
Whitmer-Trilby
1 Unit Available
Brooke Park
1607 Brooke Park Drive, Toledo, OH
Studio
Ask
1 Bedroom
$475
514 sqft
Available for rent now are spacious and beautiful one bedroom apartments along Brooke Park Drive near the Michigan line.
Last updated December 9 at 05:01pm
Five Points - Library Village
1 Unit Available
1391 W Sylvania Ave
1391 West Sylvania Avenue, Toledo, OH
Studio
$445
1 Bedroom
Ask
2 Bedrooms
Ask
Copy this link to your browser to schedule a showing at your convenience. https://homes.rently.com/homes-for-rent/properties/856084?source=marketing We have a studio and a 1 bedroom unit available at Watermark Apartments in Toledo.
Last updated December 9 at 05:01pm
Old West End
2 Units Available
Prescott Place
425 West Bancroft Street, Toledo, OH
1 Bedroom
$410
711 sqft
2 Bedrooms
$450
Copy this link to your browser to schedule a showing at your convenience. https://homes.rently.
Last updated December 11 at 08:26pm
South Side
1 Unit Available
674 Walbridge Avenue - B
674 Walbridge Avenue, Toledo, OH
1 Bedroom
$400
700 sqft
One bedroom and one bathroom for rent on bottom level. Many features throughout. Some of the bonus features include: * Spacious Kitchen * Washer and dryer included * Carpet Throughout To apply, please visit www.laplanterealestate.com.
Last updated December 11 at 08:26pm
East Toledo
1 Unit Available
418 Greenwood Ave. #3
418 Greenwood Avenue, Toledo, OH
2 Bedrooms
$450
725 sqft
Two Bedroom Apartment for rent. Many features throughout. Some of the bonus features include: * Great built in storage * Stove and Fridge Provided To apply, please visit www.laplanterealestate.com. Application fee is $35 per person 18 or older.
Last updated December 11 at 08:26pm
Lagrange
1 Unit Available
3430 Maple Street (NEW) - 2
3430 Maple Street, Toledo, OH
2 Bedrooms
$425
754 sqft
Duplex located on a corner with great visibility. Many features throughout.

December 2019 Toledo Rent Report

Welcome to the December 2019 Toledo Rent Report. Toledo rents increased over the past month. In this report, we'll evaluate trends in the Toledo rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

December 2019 Toledo Rent Report

Welcome to the December 2019 Toledo Rent Report. Toledo rents increased over the past month. In this report, we'll evaluate trends in the Toledo rental market, including comparisons to cities throughout the state and nation.

Toledo rents increased slightly over the past month

Toledo rents have increased 0.2% over the past month, but have remained steady at 0.3% in comparison to the same time last year. Currently, median rents in Toledo stand at $593 for a one-bedroom apartment and $775 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in September. Toledo's year-over-year rent growth lags the state average of 1.3%, as well as the national average of 1.4%.

    Rents rising across cities in Ohio

    Throughout the past year, rents have remained steady in the city of Toledo, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Ohio, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.3% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Columbus is the most expensive of all Ohio's major cities, with a median two-bedroom rent of $969; of the 10 largest cities in Ohio that we have data for, Youngstown and Cleveland, where two-bedrooms go for $727 and $784, are the only two major cities in the state to see rents fall year-over-year (-0.9% and -0.5%).
    • Lorain, Hamilton, and Columbus have all experienced year-over-year growth above the state average (3.3%, 1.8%, and 1.7%, respectively).

    Toledo rents more affordable than many large cities nationwide

    Rent growth in Toledo has been relatively stable over the past year - some other large cities have seen more substantial increases. Toledo is still more affordable than most large cities across the country.

    • Toledo's median two-bedroom rent of $775 is below the national average of $1,191. Nationwide, rents have grown by 1.4% over the past year compared to the stagnant growth in Toledo.
    • While rents in Toledo remained moderately stable this year, similar cities saw increases, including Phoenix (+3.9%), Dallas (+2.2%), and Seattle (+1.6%); note that median 2BR rents in these cities go for $1,098, $1,136, and $1,679 respectively.
    • Renters will find more reasonable prices in Toledo than most large cities. For example, San Francisco has a median 2BR rent of $3,101, which is more than four times the price in Toledo.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

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