Although an all-new Toyota Corolla may not be too far off, the existing model remains a staple of the budget sedan category. It delivers the efficiency, reliability, and value for money expected in this segment, even if it’s not the most exciting vehicle in the class. For the 2026 model year, the Corolla received a small price increase to go with some new features, but the starting price is still low, as are the lease deals. Just in time for the holidays, Toyota is now running Corolla lease offers on the most affordable non-hybrid and hybrid trims, so here’s a look at them.
Related: Grab This 2026 Toyota Camry Lease Deal This December Before It’s Gone
This Month’s Toyota Corolla Lease Deals
Toyota
For December, the Toyota Corolla’s lease price starts at $219 per month over 39 months, with $2,999 due at signing. This deal applies to the base LE in non-hybrid guise. It includes 10,000 miles annually, with an extra cost of $0.15 per mile if you exceed this limit. The lease does not include tax, title, licensing, and registration costs, and expires on January 5, 2026.
Toyota Corolla leasing deals don’t expand to other trims, although you can also lease the LE in hybrid form. This model costs $249 per month, with all other terms remaining the same as for the gas-powered LE.
These deals are specific to California, but you can check Toyota’s special offers with your unique zip code to find deals in your area, which may differ from these ones.
If you want to buy a new Corolla, the LE starts at $22,725 and the Hybrid LE costs $24,575. The priciest model is the Hybrid XLE at $28,940.
Related: Toyota Corolla Concept Completely Reimagines the Humble Sedan
Powertrain and Features
Both Corolla variants prioritize efficiency over outright performance. The non-hybrid model has a 2.0-liter four-cylinder engine with 169 horsepower and 151 lb-ft of torque, paired with a CVT. Power goes to the front wheels exclusively, and the sedan can achieve 32/41/35 mpg city/highway/combined in LE guise.
The hybrid switches to a smaller 1.8L four-pot with an electric motor, a combination that only musters 138 hp. This powertrain also uses a CVT, but unlike the non-hybrid model, the hybrid can be had with FWD or AWD. Efficiency is stellar, reaching 53/46/50 mpg with FWD or 51/44/48 mpg with AWD.
Although the LE looks rather bland with its 16-inch steel wheels (with covers) and black grille, it does come with the following standard features:
- LED headlights and taillights
- Seven-inch digital gauge cluster
- Fabric upholstery
- Automatic climate control
- Eight-inch touchscreen
- Six-speaker sound system
- Radar-based cruise control
- Lane departure alert
- Pre-collision system
Other Corolla trims offer niceties like heated seats, SofTex upholstery, a leather-wrapped steering wheel, and a larger digital gauge cluster.
Final Thoughts
The Toyota Corolla isn’t a legend for nothing. After all these years, it’s still a benchmark for unpretentious, value-focused motoring. The current model has been on sale for a while, too, so you can expect it to be very reliable.
The lease cost for the Toyota Corolla is also less than its chief rival, the Honda Civic, this month. Honda requires $239/month over a slightly shorter 36 months, with $3,599 due initially. Despite the Toyota’s lease being three months longer, the total cost is still less.
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