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ZIP Code · OH

ZIP 43623

Part of Toledo, OH
Pop. 20,267·Lucas County·223rd most expensive ZIP in Ohio
Median rent (all units)
$922/mo
Year-over-Year
Stable
Month-over-Month
-3.1%
vs US Median
-$1,043
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 43623 · $922
More affordable than 99% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$760
1 BR
$810
2 BR
$1,060
3 BR
$1,360
4 BR+
$1,430
Research median
$1,060/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: July 20, 2026

Annual cost
$11,064/yr
At $922/mo median
Location
CityToledo
StateOH
CountyLucas County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.1% MoM), not inventory.
Demographics

Who lives here

ZIP 43623 (Toledo, OH) is majority owner-occupied, has a large retiree population, 33% of residents hold a bachelor's degree or higher.

Population
20,267
Median income
$71,171
Median age
40.9
Renters
36.2%
Age distribution
17.3%
25.5%
22.1%
24.3%
Under 1817.3%
18–3425.5%
35–5422.1%
55–6410.8%
65+24.3%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
82.6%
White82.6%
Black6.7%
Hispanic7.2%
Asian2.2%
Other1.3%
Education (25+)
28.7%
32.8%
33%
No HS diploma5.6%
HS diploma28.7%
Some college32.8%
Bachelor's+33%
Housing tenure
63.8%
36.2%
Owner63.8%
Renter36.2%

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

2021 vs 2026

How ZIP 43623 in Toledo, OH has changed in 5 years

Income
$62,142 → $71,171
up 14.5%
Population
19,749 → 20,267
up 2.6%
Renter share
34.5% → 36.2%
+1.7 pts
Bachelor's+
33.6% → 33%
-0.6 pts
Median age
42 → 40.9
-1.1 yrs

Census figures show median household income at $71,171 today, compared with $62,142 five years earlier. Headcount in the area went from 19,749 to 20,267 between 2021 and 2024, a 2.6% change. About 36.2% of households rent today, against 34.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 43623

About renting in ZIP 43623

Last updated: July 20, 2026

ZIP code 43623 covers Toledo, OH. The median rent here is $922/mo as of July 2026. A 1-bedroom rents for a median of $810/mo. A 2-bedroom rents for a median of $1,060/mo.

At 16% of local median household income ($71,171/yr), ZIP 43623 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 43623?

As of July 20, 2026, the median monthly rent in ZIP 43623 (Toledo, OH) is $922. This is based on aggregated data from public sources and community submissions.

How does ZIP 43623 rent compare to the US average?

ZIP 43623's median rent of $922/mo is $1,043 (53%) below the US national median of $1,965/mo.

How does ZIP 43623 compare to other ZIPs in Ohio?

ZIP 43623 is among the more affordable ZIP codes in Ohio, ranking #223 out of 232 ZIPs at $922/mo.

How much income do you need to rent in ZIP 43623?

To keep rent at or below 30% of gross income, you would need to earn at least $37,000/year (~$18/hour full-time) to afford the median rent of $922/mo in ZIP 43623. The local median household income is $71,171/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 43623?

Rent in ZIP 43623 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 43623 an affordable place to rent?

ZIP 43623 is considered very affordable for renters. At $922/mo, rent takes approximately 16% of the local median household income ($71,171/yr). The standard benchmark is 30%. ZIP 43623 falls comfortably within that range.

What percentage of ZIP 43623 residents rent vs. own?

According to Census data, approximately 36.2% of ZIP 43623 households are renters, while 63.8% are owner-occupied. ZIP 43623 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 43623 compare to the rest of Toledo?

ZIP 43623 is more affordable than Toledo overall. At $922/mo, it's $203 below the Toledo citywide median of $1,125/mo.

When was rent data for ZIP 43623 last updated?

Rent data for ZIP 43623 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $922/mo, rent takes ~16% of ZIP 43623's median household income ($71,171/yr). The standard benchmark is 30%.

ZIP 43623 16%Benchmark 30%
State income tax2.75–3.5%
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Schools nearby

Public schools near ZIP 43623 (Toledo, OH)

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