Average Rent in Toledo, OH

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Current Versus Historical Toledo, OH Rents

Toledo rentals average $999 for a studio rental to $1,158 for a 4-bedroom rental. The median price of all currently available listings is $825, or roughly $1 per square feet.
For the apartment units and housing in May 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $383 (-71.88%) year-over-year from $533 to $150. 1-bedroom rentals prices have decreased by $62 (-9.61%) year-over-year from $642 to $580. 2-bedroom rentals prices have decreased by $157 (-19.42%) year-over-year from $807 to $650. 3-bedroom rentals prices have increased by $100 (9.52%) year-over-year from $1,050 to $1,150. 4-bedroom rentals prices have decreased by $482 (-37.58%) year-over-year from $1,282 to $800. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 51.09% this month. 1-bedroom rents have gone down by 7.94% this month. 2-bedroom rents have gone down by 14.75% this month. 3-bedroom rents have gone up by 3.06% this month. 4-bedroom rents have gone down by 24.76% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.54 $150 $533 (-71.88%) $398 (-62.26%)
1 BR $1.08 $580 $642 (-9.61%) $575 (0.87%)
2 BR $0.88 $650 $807 (-19.42%) $712 (-8.67%)
3 BR $1.01 $1,150 $1,050 (9.52%) $853 (34.90%)
4+ BR $0.78 $800 $1,282 (-37.58%) $823 (-2.74%)

Historical Rents in Toledo, OH

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Toledo



Let's compare Toledo, OH's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Toledo



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Toledo

The average rent for rentals in these counties is $825. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Toledo, OH. It's average rent per month is $825. Vice versa, with an average rent of $825, Toledo, OH is the most expensive county by Toledo, OH.

Typically, rent for studios in Toledo, OH is on par with the other counties nearby. In comparison, rent for one bedroom listings in Toledo, OH is on par with the other counties nearby. Finally, rent for two bedrooms in Toledo, OH is on par with the other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Toledo, OH $999 $650 $800 $825

Top Zipcodes Near Toledo



You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All

Frequently Asked Questions - Toledo Average Rents

What is the average rent price in Toledo, OH?
The average monthly rental price for Toledo, OH apartments for rent is approximately $825. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Toledo, OH rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Toledo, OH.
How much is a studio apartment in Toledo, OH?
The average monthly rental price for studio apartments is $999 and an average price per square feet of $1.54. There are a total of 3 studio apartment listings currently available for rent in Toledo.
How much is a one bedroom apartment in Toledo, OH?
The average monthly rental price for one bedroom apartments is $650 and an average price per square feet of $1.08. There are a total of 43 one bedroom apartment listings currently available for rent in Toledo.
How much is a two bedroom apartment in Toledo, OH?
The average monthly rental price for two bedroom apartments is $800 and an average price per square feet of $0.88. There are a total of 33 two bedroom apartment listings currently available for rent in Toledo.
How have rent prices in Toledo, OH changed this year?
Rent prices for rentals in Toledo, OH can fluctuate yearly. Specifically, studio rental prices have changed by -0.72%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.19%, and three bedroom rental prices have changed by 0.10% year-over-year.
What is a reasonable rent price in Toledo, OH?
A reasonable rent price in Toledo, OH is around $660/month. You can search for these reasonably priced rental listings on RentHop.
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