Larchmont Estates
1270 Slater St,
Toledo, OH 43612
Studio - 3 Beds | $625 - $999
Rental Market Trends in Toledo, OH
What is the average rent in Toledo, OH?
$778/month
Average Rent
636 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of February 2025, the average rent in Toledo, OH is $778 per month. This is 50% lower than the national average rent of $1,556/month, making renting in Toledo more affordable than most cities in the US. When you rent an apartment in Toledo, you can expect to pay about $657 per month for a studio, $778 for a one-bedroom apartment, and around $954 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,103 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Toledo, OH?
In the past year, rent has increased by 0.8%, which averages out to $7 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Toledo, OH
Last Updated February 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
40%
Below $700/month
42%
$700 - $1,000/month
14%
$1,001 - $1,500/month
3%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Toledo?
Based on current rent prices, Old West End, Olde Towne and Lagrange 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, Ottawa and Downtown 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 $778, you’ll want to make about $2,593 per month or $31,116 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 5.3% lower than the national average. Generally, housing in Toledo is 13.8% less expensive than the national average, with rent falling between $657 - $1,103. You can expect to pay 0.6% less for groceries, 3.3% more for utilities, and 6.0% 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.
Studio
-
-
One Bedroom
-
$1,117/month
Two Bedroom
$998/month
$1,500/month
Three Bedroom
-
$562/month
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Methodology
† 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.
* Percentages may not total 100 due to rounding.