Toledo, OH Rental Market Trends
What is the average rent in Toledo?
The average rent for an apartment in Toledo is $730, a 3% increase compared to the previous year.
Average Rent in Toledo, OH
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$730||3%||811 sq. ft.|
What is the average apartment size in Toledo?
The average size for a Toledo, OH apartment is 811 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
- < $50012%
- > $2,0001%
Toledo, OH Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
53,856 or 45% of the households in Toledo, OH are renter-occupied while 64,509 or 54% are owner-occupied.
Average Rent in Toledo, OH By Neighborhood
|The University of Toledo||$938|
|Toledo Warehouse District||$931|
|South Side Toledo||$810|
|Glendale - Heatherdowns||$702|
|North Towne Toledo||$676|
|Whitmer - Trilby||$664|
|Old West End Toledo||$618|
What are the most affordable neighborhoods in Toledo?
The most affordable neighborhoods in Toledo are Point Place, where the average rent goes for $597/month, Shoreland, where renters pay $597/mo on average, and La Onda, where the average rent goes for $615/mo. If you’re looking for other great deals, check out the listings from Old West End Toledo ($618), Olde Towne ($618), and DeVeaux ($650), where the asking prices are below the average Toledo rent of $730/mo.
What are the most expensive neighborhoods in Toledo?
The most expensive neighborhoods in Toledo are Scott Park ($1,033), Secor Gardens ($1,033) and Westmoreland ($1,033).
What are the most popular neighborhoods in Toledo?
The most popular neighborhood in Toledo is Reynolds Corners, where there are 11 verified RENTCafé listings with an average rent of $820. Next up is Downtown Toledo, where apartments go for $931/month, followed by Southwyck with $702 If you’re looking to rent in Toledo’s most popular neighborhoods, make sure to also check out Whitmer - Trilby, where renters pay $664 on average, and Franklin Park, where the average monthly rent is $758.
Toledo | Rent Comparison by Neighborhood
Rent in Bancroft Hills is 47% higher than in Beverly
Bancroft Hills rent is 42% higher than Toledo average
Beverly rent is 4% lower than Toledo average
How Toledo Compares to Other Cities
|Average Rent||Y-o-Y Change|