Rental market snapshot for Toledo, Ohio

Toledo, Ohio Rental Property Market Overview

The average rent for an apartment in Toledo is $874. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 7.5% over the past year.

Toledo is a city in Ohio, United States. It is the county seat of Lucas County. The city was founded in 1833 on the west bank of the Maumee River, and originally incorporated as a village in 1837. It was re-incorporated as a city in 1845. The city has a population of about 281,000 people. Toledo is a major manufacturing center, and is known for its auto industry. The city is also home to the University of Toledo and the Toledo Zoo.

Last Updated December 23, 2022

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Average monthly rent graph in Toledo Ohio | Cost of Living

  • The most expensive ZIP Code in Toledo is 43614 with an average price of $1,950
  • The cheapest ZIP Code in Toledo is 43620 with an average price of $550

Toledo ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
143614$1,950
243604$1,410
343605$1,403
443615$1,025
543606$975
643612$700

Live near Toledo, Ohio's Top Sights and Attractions

The University Parks Trail is a paved trail that runs along the Maumee River in Toledo, Ohio. The trail is approximately 3 miles long and is popular with runners, cyclists, and walkers. The trail offers scenic views of the river and the downtown Toledo skyline.

International Park is a large park located on the Maumee River in Toledo, Ohio. The park is home to a variety of attractions, including a playground, a walking trail, a gazebo, and a fountain. The park also has a large open field perfect for picnics or playing sports.

The Chessie Circle Trail is a 26-mile loop around the city of Toledo that is popular with cyclists, runners, and walkers. The trail passes through several parks and neighborhoods, and offers views of the city skyline and the Maumee River.

Ottawa Park is a large park located on the west side of Toledo, Ohio. The park features a large lake, a playground, a picnic area, and a walking trail.

Swan Creek Preserve Metropark is a nature preserve that features hiking trails, a playground, and a dog park. The preserve is located along the Swan Creek, which is a tributary of the Maumee River.

Festival Park is a public park located on the Maumee River in Toledo, Ohio. The park is home to a variety of events and festivals throughout the year, and features a stage, pavilion, and playground.

Wildwood Preserve Metropark is a 5,000-acre nature preserve that features hiking and biking trails, a playground, a splash pad, an amphitheater, and a variety of other outdoor activities.

The Toledo Zoo is a large zoo located in Toledo, Ohio. The zoo has over 10,000 animals and 500 species of animals. The zoo also has a large aquarium, a butterfly house, and a reptile house. The Toledo Zoo is a popular tourist destination in Toledo, Ohio.

Toledo, Ohio area median rent change by ZIP Code map

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How does Toledo compare to other cities in Ohio ?

citymedian price
Maineville$2,195
Gahanna$2,235
Cleves$1,600
Bexley$2,000
North Olmsted$1,750
Sharonville$1,740
Powell$2,620
Galloway$1,850
Olmsted Falls$1,099

Average household income in Toledo area graph - US Census

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The median household income in Toledo in 2021 was $39,155. This represents a 14.6% change from 2011 when the median was $34,170.

#categorypercent
0Less than $10,00012.7%
1$10,000 to $14,9997.6%
2$15,000 to $19,9996.0%
3$20,000 to $24,9997.0%
4$25,000 to $29,9995.9%
5$30,000 to $34,9996.3%
6$35,000 to $39,9995.6%
7$40,000 to $44,9995.4%
8$45,000 to $49,9993.9%
9$50,000 to $59,9998.0%
10$60,000 to $74,9999.5%
11$75,000 to $99,9999.9%
12$100,000 to $124,9996.4%
13$125,000 to $149,9992.8%
14$150,000 to $199,9992.2%
15$200,000 or more0.9%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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