Toledo, OH Rental Market Trends

What is the average rent in Toledo?

The average rent for an apartment in Toledo is $896. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Toledo, OH

Last updated July 2023

Average Rent	Average Apartment Size
$896	812 sq. ft.

What is the average apartment size in Toledo?

The average size for a Toledo, OH apartment is 812 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Toledo, OH apartment rent ranges

Toledo, OH Occupied Housing Units

55,916 or 48% of the households in Toledo, OH are renter-occupied while 60,341 or 52% are owner-occupied.

Toledo, OH rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Toledo, OH By Neighborhood

Neighborhood	Average Rent
Bancroft Hills	$1,159
Scott Park	$1,159
Secor Gardens	$1,159
Westmoreland	$1,159
Onyx	$1,118
Ottawa	$1,054
The University of Toledo	$1,054
Roosevelt	$1,053
Downtown Toledo	$1,051
Toledo Warehouse District	$1,051
Vistula	$1,051
Warren Sherman	$994
North River	$982
Reynolds Corners	$964
Hampton Park	$950
Old Orchard	$950
Westgate	$950
South Side Toledo	$918
Franklin Park	$896
Beverly	$820
Glendale - Heatherdowns	$820
Southwyck	$820
Harvard Terrace	$801
Point Place	$784
Shoreland	$784
Old West End Toledo	$776
Olde Towne	$776
Fort Industry	$762
Five Points	$755
Library Village	$755
North Towne Toledo	$755
Whitmer - Trilby	$753
DeVeaux	$751
La Onda	$728

What are the most affordable neighborhoods in Toledo?

The most affordable neighborhoods in Toledo are La Onda, where the average rent goes for $728/month, DeVeaux, where renters pay $751/mo on average, and Whitmer - Trilby, where the average rent goes for $753/mo. If you’re looking for other great deals, check out the listings from Five Points ($755), Library Village ($755), and North Towne Toledo ($755), where the asking prices are below the average Toledo rent of $896/mo.

What are the most expensive neighborhoods in Toledo?

The most expensive neighborhoods in Toledo are Scott Park ($1,159), Secor Gardens ($1,159) and Westmoreland ($1,159).

What are the most popular neighborhoods in Toledo?

The most popular neighborhood in Toledo is Reynolds Corners, where there are 12 listings with an average rent of $964. Next up is Five Points, where apartments go for $755/month, followed by Bancroft Hills with $1,159 If you’re looking to rent in Toledo’s most popular neighborhoods, make sure to also check out South Side Toledo, where renters pay $918 on average, and Downtown Toledo, where the average monthly rent is $1,051.

Toledo | Rent Comparison by Neighborhood

Rent in Bancroft Hills is 41% higher than in Beverly

$1,159

Bancroft Hills rent is 29% higher than Toledo average

Average Rent	$1,159

$820

Beverly rent is 8% lower than Toledo average

Average Rent	$820

How Toledo Compares to Other Cities

City	Average Rent
Columbus	$1,138
Cincinnati	$1,300
Dayton	$1,007
Cleveland	$1,322
Northwest Ohio	$967
Toledo	$896
Reynoldsburg	$1,183
Delaware	$1,370
Akron	$1,059
Grove City	$1,275
Kettering	$1,095
Ann Arbor	$1,980
Ypsilanti	$1,465
Westland	$1,093
Perrysburg	$1,308
Southgate	$1,111
Bowling Green	$951
Monroe	$977
Dearborn	$1,587
Maumee	$971
Romulus	$1,162

What is the average price for a storage unit in Toledo?

The average rent for a non-climate-controlled 10'x10' storage unit in Toledo is $105.38. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.