The 2004 Toyota Corolla was mostly unchanged from the previous year, when it was completely redesigned.

The 2004 Toyota Corolla came with one engine, an aluminum 1.8-liter four-cylinder with 130-horsepower. Fuel economy was about 28-40 mpg. The 2004 Corolla came in three trim levels, staring with the base CE, which came with features such as a CD player, air conditioning, and power steering. The sporty S came with identifying features such a spoiler, larger tires and integrated fog lights, along with interior features like a leather-wrapped steering wheel and gear shift knob. The top-of-the-line LE came with high-end features like remote keyless entry and faux-wood accents.

Owners of the 2004 Toyota Corolla like that it is easy to drive and maintain, and that it comes with typical Toyota reliability. Some drivers still find the interior to be too small, and many recommend upgrading the tires. Shorter drivers complain that the steering wheel is difficult to reach.