Rentometer, Inc. | Data as of 10/23/2025
Toledo, Ohio, blends historic charm with riverfront vitality, offering renters a diverse urban experience anchored by attractions such as the Toledo Museum of Art, the bustling Downtown waterfront, and the University of Toledo campus. Neighborhoods like the historic Old West End showcase beautifully restored homes, while areas such as Westgate and Ottawa Hills provide leafy streets and easy access to top‑rated schools. The city's cultural festivals, vibrant dining scene, and proximity to Lake Erie make it an appealing destination for professionals, students, and families seeking both convenience and community.
The rental market in Toledo features a balanced mix of apartments and single‑family houses, catering to a range of lifestyles and budgets. Studio apartments typically fall in the $600‑$750 range, offering affordable entry points for individuals and young renters, whereas larger four‑plus bedroom homes can reach the $1,400‑$1,500 range for those needing extra space. From modern high‑rise units in Downtown to spacious historic homes in the Old West End, the city provides options that suit everything from short‑term stays to long‑term family living.
Beyond its competitive rental pricing, Toledo benefits from strong employment centers, reliable public transportation, and abundant green spaces like the Maumee River State Park. These factors contribute to a stable rental environment that continues to attract new residents. Whether you’re looking for a compact studio near cultural venues or a spacious house in a family‑friendly suburb, Toledo’s rental market offers a welcoming array of choices to fit your lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $744 | $674 | $500 - $1,105 | $600 - $850 |
| Apartment | 1 Bedroom | $896 | $785 | $495 - $1,947 | $697 - $1,049 |
| Apartment | 2 Bedroom | $2,355 | $982 | $679 - $95,000 | $850 - $1,150 |
| Apartment | 3 Bedroom | $1,393 | $1,300 | $699 - $3,500 | $999 - $1,395 |
| Apartment | 4+ Bedroom | $1,607 | $1,225 | $649 - $2,947 | $649 - $2,947 |
| House | 1 Bedroom | $747 | $722 | $695 - $850 | $695 - $850 |
| House | 2 Bedroom | $970 | $900 | $500 - $2,400 | $800 - $1,000 |
| House | 3 Bedroom | $1,225 | $1,200 | $610 - $2,900 | $1,095 - $1,375 |
| House | 4+ Bedroom | $1,539 | $1,400 | $1,050 - $3,500 | $1,250 - $1,650 |
In the current period, the average rent in Toledo was $745 for Studio, $885 for 1 Bedroom, $1,673 for 2 Bedroom, $1,233 for 3 Bedroom, and $1,532 for 4+ Bedroom.
Data provided by Rentometer, Inc.