True Cost of Renting in Toledo, OH

Toledo sits on the western tip of Lake Erie at the Michigan border, historically powered by auto manufacturing (Jeep/Stellantis), glass manufacturing (Owens Corning, O-I Glass), and the University of Toledo. Rents are among the most affordable in Ohio, making it attractive for healthcare workers, university employees, and remote workers seeking maximum housing value.

Neighborhoods & Average Rents

Westgate

Studio:
$600/mo
1 Bed:
$800/mo
2 Bed:
$1,100/mo

West Toledo neighborhood with the most desirable residential character; craftsman-style homes converted to rentals and mid-century apartment buildings. Best school districts in Toledo proper. FirstEnergy/Toledo Edison electric. Car-dependent.

Ottawa Hills / Sylvania

1 Bed:
$900/mo
2 Bed:
$1,300/mo

Most affluent Toledo suburban area; limited apartment inventory but the units available are premium. Ottawa Hills is an enclave municipality with nationally recognized schools. Sylvania has newer apartment complexes. Higher rents but exceptional school districts.

Downtown Toledo

Studio:
$550/mo
1 Bed:
$750/mo
2 Bed:
$1,100/mo

Revitalizing urban core with converted office and factory lofts; 5/3 Field (baseball) and Huntington Center arena nearby. Toledo Museum of Art on the edge of Downtown. TARTA bus hub. Best walkability in Toledo. Affordable loft apartments in former warehouse buildings.

Utility Providers

Electric
Toledo Edison (FirstEnergy)
Water
City of Toledo Water Distribution
Internet
Buckeye Broadband, Spectrum, AT&T Internet

Commute & Transportation

Toledo is at the intersection of I-75 (Detroit 60 miles north, Columbus 145 miles south) and I-80/90 (Indiana and Chicago to the west). No passenger rail. Toledo Express Airport (TOL) offers limited flights. The Jeep Assembly Complex (Stellantis) on Stickney Avenue is one of the city's largest employers. The University of Toledo (22,000 students) anchors the west side. Toledo is often described as a crossroads metro — significant distribution and logistics employment due to the I-75 and I-80/90 intersection, with Amazon, Dollar Tree, and Procter & Gamble distribution centers nearby.

Rental Market Overview

Toledo is one of Ohio's most affordable cities for renters. 1BR apartments for $750–900 are realistic in desirable areas. The auto manufacturing and glass industry employment base was historically union-wage, which supports rental demand above poverty-level housing. Toledo Edison rates are in line with other FirstEnergy Ohio utilities. The city has seen limited population growth, which keeps rents from rising — but also limits the reinvestment that drives urban neighborhood improvements. For renters focused purely on housing cost efficiency, Toledo is exceptional value in a Great Lakes city with genuine infrastructure and healthcare access.

Data last updated: 2026-04

Compare Apartments in Toledo

Enter your rental options below to see the true all-in monthly cost.

Renting in Toledo: Common Questions

What is the average rent in Toledo?
One-bedroom apartments in Toledo range from $750/month in Downtown Toledo to $900/month in Ottawa Hills / Sylvania. Two-bedroom units range from $1,100 to $1,300/month. These are base rents — add fees, utilities, and amenity costs to get the true all-in monthly cost.
What utilities do I need to set up in Toledo?
In Toledo, electricity is provided by Toledo Edison (FirstEnergy), water by City of Toledo Water Distribution, and common internet providers include Buckeye Broadband, Spectrum, AT&T Internet. Check whether your lease includes water or trash — some buildings bundle these into rent while others charge separately. Always ask the leasing office for the average monthly utility bill before signing.
What neighborhoods are affordable in Toledo?
Downtown Toledo is one of the most affordable neighborhoods in Toledo, with one-bedroom apartments averaging $750/month. Revitalizing urban core with converted office and factory lofts; 5/3 Field (baseball) and Huntington Center arena nearby. Toledo Museum of Art on the edge of Downtown. TARTA bus hub. Best walkability in Toledo. Affordable loft apartments in former warehouse buildings. Remember to factor in commute costs and parking fees when comparing neighborhoods — a cheaper base rent farther from work may cost more overall.
Is Toledo expensive to rent in?
Toledo is one of Ohio's most affordable cities for renters. 1BR apartments for $750–900 are realistic in desirable areas. Use RentCompare to calculate the true all-in cost for any apartment in Toledo — base rent alone does not tell the full story.

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