Larchmont Estates
1270 Slater St,
Toledo, OH 43612
Studio - 3 Beds | $700 - $1,075
Rental Market Trends in Toledo, OH
Updated July 2026
The average rent in Toledo, OH is $829/month.
Rent in Toledo is 50% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$829/month
Average Rent
632 Sq Ft
Average Size
+3.1%
Change / Year
1,669
Available Apartments
Toledo rent varies by unit size and layout:
- Studio apartments in Toledo average $685 per month.
- One-bedroom apartments in Toledo average $829 per month.
- Two-bedroom apartments in Toledo average $1,016 per month.
- Three-bedroom apartments in Toledo average $1,237 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Toledo, OH?
In the past year, rent has increased by 3.1%, which averages out to $26 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Toledo, OH
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
31%
Below $700/month
47%
$700 - $1,000/month
17%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Toledo?
Based on current rent prices, Southside, Glendale-Heatherdowns and Scott Park are the most affordable neighborhoods in Toledo.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Toledo?
Based on current rent prices, East Toledo, Downtown Toledo and Ottawa are the most expensive neighborhoods in Toledo.
Neighborhood
Average Rent
Average Sq Ft
Which Toledo neighborhoods have the most rentals available?
The neighborhoods in Toledo with the most apartments available are North Toledo, Downtown Toledo and East Toledo .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Toledo, OH?
Because the average rent in Toledo is $829, you’ll want to make about $2,763 per month or $33,156 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Toledo, OH is 2.0% lower than the national average. Generally, housing in Toledo is 8.1% less expensive than the national average, with rent falling between $685 - $1,237. You can expect to pay 0.5% less for groceries, 0.8% more for utilities, and 7.3% less for transportation.
How does Toledo, OH compare to other nearby cities and neighborhoods?
Use the tool below to compare Toledo, OH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Toledo Area GuideStudio
$600/month
$750/month
One Bedroom
$717/month
$1,309/month
Two Bedroom
$830/month
$1,545/month
Three Bedroom
-
$583/month
Apartment Communities in Toledo We Think You'll Love
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Frequently Asked Questions
What is the average rent in Toledo?
The average rent in Toledo is $829 per month, which is 50.2% lower than the national average of $1,663.
What is the average rent for a house in Toledo?
The average rent for a house in Toledo, OH is $1,306 per month.
Are rents going up or down in Toledo?
Rents in Toledo, OH are increasing, with prices up 3.1% year-over-year and $26 more per month.
What rent range is most common in Toledo?
In Toledo, OH, 47% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.