Rents are right about where Toledo's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,151 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in Toledo usually run 0.7% below trend in January and 0.7% above it in June, about $16 a month apart at today's median. Based on 11 years of data.
Rent in Toledo is at its highest level since Zillow's records here began in January 2015.
Rent in Toledo changed +5.8% over the year to September 2026. Across the 93 Ohio cities Zillow tracks, the typical change was +4.3%.
From 2019 to 2024, rent in Toledo rose 40.4% while median household income rose 31.7% ($37,752 to $49,724). Rent outpaced income.
Rent in Toledo is 51.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 14 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($49,724) is $1,243 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,048); a 3-bedroom is $1,361.
The priciest of 10 ZIP codes in Toledo, 43615 ($1,339/mo), costs 28% more than the cheapest, 43623 ($1,047/mo).
From Zillow's monthly rent index (ZORI) for Toledo. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Toledo, OH is roughly split between renters and owners, has a median income below the national average, 21.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Toledo, OH has changed in 5 years
Compared with 2021, rent in Toledo, OH has increased by $334 per month, settling near $1,151 after starting the period at $817. Household income in the area moved from $41,671 to $49,724 across the same window, up 19.3% versus 2021. Rent outpaced income growth by roughly 21.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 271,454 to 267,463 between 2021 and 2024, a 1.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19.6% to 21.9%. Reading these numbers side by side helps frame whether current listings in Toledo, OH look reasonable against where the market sat half a decade ago.
Discussions about Toledo
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Can you afford rent in Toledo on your salary?
At $1,151/mo, how Toledo rent compares to typical pay (30% rule).
Toledo rent by bedroom count
Median rent for each apartment size in Toledo. Click any size for full breakdown.
Tips for renters in Toledo
Last updated: October 17, 2026
The median rent in Toledo is $1,151/mo as of October 2026. A studio apartment averages $740/mo while a 2-bedroom runs $1,048/mo. One-bedroom apartments average $798/mo and 3-bedroom units go for $1,361/mo.
At 28% of local median household income ($49,724/yr), Toledo ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Toledo?
At $1,151/mo, rent takes ~28% of Toledo's median household income ($49,724/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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