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What to Know About
Living in Toledo, OH
Toledo, a lively city in northwestern Ohio, is a cultural hub with various cultural attractions, including the Toledo Museum of Art, the Toledo Zoo, and the Imagination Station. The city is home to the University of Toledo and Bowling Green State University, known for their excellent academic programs. In addition, the city has a diverse economy centered around healthcare, automotive, and manufacturing, offering ample employment opportunities.
Outdoor enthusiasts can explore the beautiful nature reserves of Toledo, such as Wildwood Preserve Metropark, Oak Openings Preserve Metropark, and Toledo Botanical Garden. The city's historic Old West End neighborhood offers a glimpse into Toledo's past, with well-preserved Victorian homes and stunning architecture. The food scene offers something for everyone, from classic American fare to international cuisine. Toledo hosts several festivals and events throughout the year, including the Toledo Jeep Fest, Toledo Polish Festival, the National Museum of the Great Lakes Whale of a Sale, and the Northwest Ohio Rib Off.
With a relatively low cost of living, excellent schools, and a friendly community, Toledo is a great place to call home for those seeking a mix of small-town charm and big-city amenities.
Rental Market Trends
Toledo, OH
As of June 2025, Toledo's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Toledo's average rent is 5.5% ($71) higher than the Ohio average of $1,288 and 23.8% ($425) lower than the U.S. average of $1,784.
Average Rent
$1,359
Monthly ChangeMonth Over Month Change
4.8% ($69)
Yearly ChangeYear Over Year Change
1.2% ($16)
Avg. Days on MarketAverage Days on Market
34
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,084 | 4% ($45) | 0.3% ($3) |
| 2 Beds | $1,330 | 4.5% ($63) | 0.5% ($7) |
| 3 Beds | $1,634 | 4.6% ($78) | 1.4% ($23) |
| Nearby Cities | Average Rent | Avg. Rent vs. ToledoAverage Rent vs. Toledo | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Northwood | $1,139 | 16.2% ($220) | 45 days |
| Perrysburg | $1,968 | 44.8% ($609) | 45 days |
| Sylvania | $1,082 | 20.4% ($277) | 36 days |
| Holland | $847 | 37.7% ($512) | 31 days |
| Monroe | $998 | 26.6% ($361) | 38 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Toledo Rental Market FAQs
Explore rental prices, market trends, and availability in Toledo, OH.
The average rent in Toledo, OH is $1,359 per month.
Apartments in Toledo typically rent for between $759 and $2,124 per month, with an average of $1,359 per month.
In Toledo, the average rent for a 1-bedroom apartment is $1,084 per month, for a 2-bedroom apartment, $1,330 per month, and a 3-bedroom apartment is $1,634 per month.
The average rent in Toledo is 23.8% ($425) lower than the national average of $1,784 per month.
The average rent in Toledo has decreased by 4.8% ($69) in the last month and increased by 1.2% ($16) over the past year.
The rental market in Toledo, OH, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Toledo, OH, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 247 rental properties available in Toledo, OH.
Based on the current averages, a household would need an annual income of $53,200 to comfortably afford a 2-bedroom apartment in Toledo.
