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.