Toyota Drops Unbeatable RAV4 Lease Deals For September

Toyota has been struggling with supply shortages for the RAV4 ever since the current generation of the crossover was introduced, allowing the Honda CR-V to overtake it on the sales charts. But if you can find a RAV4 in your area and are looking to lease it, the Toyota is an excellent deal, based on the latest September lease offers. It's much cheaper to lease a RAV4 this month compared to the equivalent CR-V Hybrid, so let's unpack the numbers you need to know about. The Toyota RAV4's lease price for September starts at $279 per month with $3,999 due at signing. That's a California-specific deal, but there's another deal in New York that's structured very differently, with $0 down. Here's a comparison of the two deals, both of which apply to the 2026 Toyota RAV4 LE variant. However, the New York lease is based on the AWD version of this trim. RAV4 LE FWD (California) RAV4 LE AWD (New York) Lease cost per month $279 $379 Due at signing $3,999 $379 Lease term 36 months 36 months Annual mileage 10,000 miles 10,000 miles Effective monthly cost $382.33 $399.83 The California deal's initial payment includes a down payment, the first month's payment, and an acquisition fee. For the New York deal, your monthly payments will be higher, but all you need to pay upfront is the first month's lease cost. The New York deal excludes an acquisition fee of $750, while both Toyota RAV4 leasing offers exclude tax, title, licensing, and registration fees. Although the California deal is marginally cheaper over the entire lease period, we rate the New York lease as better. Not only does the New York lease require $0 down, but you're getting the more powerful and capable AWD version of the RAV4. Both RAV4 lease deals expire on September 30, 2026. If you live in another state, we recommend visiting Toyota's special offers page and inputting your zip code, as leasing deals may vary in your area. The Toyota RAV4 is now a hybrid-only affair, while Honda's CR-V Hybrid sits above the gas-only CR-V. Because of this, the RAV4 is much cheaper to lease if you want a compact crossover with a hybrid powertrain. Here's a comparison of each model's California lease offers. RAV4 LE FWD (California) CR-V Sport Hybrid FWD (California) Lease cost per month $279 $319 Due at signing $3,999 $3,999 Lease term 36 months 36 months Annual mileage 10,000 miles 10,000 miles The CR-V not only costs more to buy outright, but it's more expensive to lease, too. Honda also charges more for excess mileage ($0.20/mile versus $0.15/mile for the RAV4). This, coupled with the RAV4's better efficiency (43 mpg combined to the Honda's 40 mpg), makes the RAV4 a more attractive overall deal. Bear in mind that the CR-V Hybrid's lease costs above expire on September 8, so by the time you read this, the figures may have changed. Related: Toyota RAV4 Hybrid Reportedly Adds Mud, Sand, Snow and Dirt Modes Drivers who need an efficient yet practical crossover to lease can't do much better than the Toyota RAV4 Hybrid. The current lease deals are better than what's available from its key rival, the CR-V Hybrid. A bigger problem right now is finding a RAV4 at all. Toyota had to retool plants for the hybrid-only, sixth-generation RAV4, which dramatically affected supplies. Toyota said the shortage will cost it roughly 55,000 U.S. sales this year alone, allowing the CR-V to take over as the best-selling vehicle outside the pickup segment. When RAV4 supplies pick up, we expect it to resume its best-seller status. Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle. Copyright 2026 The Arena Group, Inc. All Rights Reserved. This story was originally published September 8, 2026 at 12:30 PM.