Toyota Corolla Lease Deals
The Corolla offers one of the lowest entry-level lease payments in America thanks to its sky-high residual values.
Updated 2026-06-16 · Reviewed monthly
Est. monthly
$199
36 mo · 12k mi/yr
Due at signing
$1,999
Starting MSRP
$22,050
Residual / MF
62% / 2.76%
Why the Toyota Corolla leases the way it does
The monthly payment on a lease is driven by three things: the negotiated capitalized cost, the residual value at lease end, and the money factor (interest rate). On the Corolla, a typical 36-month deal amortizes about $8,379 of depreciation across 36 payments, plus a finance charge based on a money factor of roughly 0.00115 (~2.76% APR equivalent).
Lease highlights
- Among the cheapest cars to lease
- Hybrid trims available
- 12k miles standard
Estimated monthly payment math
- Capitalized cost: ~$22,050 (MSRP, before negotiation)
- Residual (62%): $13,671
- Depreciation over term: $8,379
- Money factor: 0.00115 (~2.76% APR)
- Term: 36 months · 12,000 miles/year
Use our lease calculator to model your specific scenario, and check the payment math guide for a full walkthrough.