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City Report · OH

Toledo

Pop. 267,463·99th most expensive in Ohio·Toledo rents are up 9.8% over the past year
Median rent (all units)
$1,122/mo
Year-over-Year
+9.8%
Month-over-Month
+2.8%
vs US Median
-$808
Rising (Monthly)
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Most AffordableMost Expensive
Toledo · $1,122
More affordable than 95% of US cities · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$740
1 BR
$798
2 BR
$1,048
3 BR
$1,361
4 BR+
$1,429
Research median
$1,048/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 30, 2026

Annual cost
$13,464/yr
At $1,122/mo median
Market timing
Rents rising
Act sooner rather than later.
Rent Reality Score
48/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Toledo's 10-year trend predicts.

Actual rent
$1,122/mo
Expected by trend
$1,109/mo
The Rent Reality Score compares today's median rent to where Toledo's own long-run trajectory projects it should be. See the full rankings →
Demographics

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.

Population
267,463
Median income
$49,724
Median age
35.8
Renters
46.7%
Age distribution
22.8%
25.9%
23.3%
12.3%
15.6%
Under 1822.8%
18–3425.9%
35–5423.3%
55–6412.3%
65+15.6%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
57.9%
28.2%
White57.9%
Black28.2%
Hispanic9.1%
Asian1.3%
Other3.5%
Education (25+)
33.2%
33.6%
21.9%
No HS diploma11.3%
HS diploma33.2%
Some college33.6%
Bachelor's+21.9%
Housing tenure
53.3%
46.7%
Owner53.3%
Renter46.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Toledo, OH has changed in 5 years

Rent
$799 → $1,122
up 40.4%
Income
$41,671 → $49,724
up 19.3%
Population
271,454 → 267,463
down 1.5%
Renter share
48.1% → 46.7%
-1.4 pts
Bachelor's+
19.6% → 21.9%
+2.3 pts

Compared with 2021, rent in Toledo, OH has increased by $323 per month, settling near $1,122 after starting the period at $799. 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 21.1 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.

Community

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View Toledo rent history (2015–2026) →
Salary vs rent

Can you afford rent in Toledo on your salary?

At $1,122/mo, how Toledo rent compares to typical pay (30% rule).

By apartment size

Toledo rent by bedroom count

Median rent for each apartment size in Toledo. Click any size for full breakdown.

Local insights

Tips for renters in Toledo

About renting in Toledo, OH

Last updated: May 30, 2026

The median rent in Toledo is $1,122/mo as of May 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 27% of local median household income ($49,724/yr), Toledo ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.8% over the past year.

FAQ

Frequently asked questions

Is Toledo an affordable city for renters?

Toledo is considered affordable for renters. At $1,122/mo, rent takes approximately 27% of the local median household income ($49,724/yr). The standard benchmark is 30%. Toledo falls comfortably within that range.

How much income do you need to rent in Toledo?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (~$22/hour full-time) to afford the median rent of $1,122/mo in Toledo. The local median household income is $49,724/yr, meaning the typical Toledo household meets that threshold.

Is rent going up or down in Toledo?

Rent in Toledo has increased 9.8% over the past year as of May 2026, putting upward pressure on renter budgets.

Which Toledo neighborhoods have the lowest rent?

The most affordable ZIP codes in Toledo are 43623 ($908/mo), 43609 ($1,004/mo), and 43608 ($1,036/mo). Citywide, the median rent in Toledo is $1,122/mo.

How does Toledo rent compare to other cities in Ohio?

Toledo is one of the more affordable cities in Ohio for rent, ranking #99 out of 119 tracked cities at $1,122/mo.

What percentage of Toledo residents rent vs. own?

According to Census data, approximately 46.7% of Toledo households are renters, while 53.3% are owner-occupied. Toledo leans toward homeownership, which can mean a smaller rental inventory.

How does Toledo rent compare to the national average?

Toledo's median rent of $1,122/mo is $808 (42%) below the US national median of $1,930/mo. Within Ohio, it ranks #99 out of 119 tracked cities.
Affordability
27%
AFFORDABLE

At $1,122/mo, rent takes ~27% of Toledo's median household income ($49,724/yr). The standard benchmark is 30%.

Toledo 27%Benchmark 30%
State income tax2.75–3.5%
Run the Toledo affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Toledo, OH

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