Toledo, OH Rental Market
Toledo is a Great Lakes port city anchored by the automotive supply chain, glass manufacturing heritage (Owens Corning, O-I Glass), and ProMedica Health System. The University of Toledo provides steady student demand. With very low median home values, Toledo offers high gross yields for investors comfortable with a smaller, slower-growth market. Its location at the Michigan-Ohio border and access to Lake Erie add geographic diversification.
Get a rent estimate for an address in ToledoAverage Rent in Toledo, OH
$870
per month · 2026-06
Market Score
Key Facts — Toledo, OH Rental Market
- Average rent in Toledo, OH:$870/mo
- Median rent:$800/mo
- Rent range:$450 – $1,900/mo
- Most common rental (2 bedrooms):$775/mo
- Active listings:820
- Avg days to lease:40 days
- Year-over-year change:+2.0%
- Median home value:$130,000
- Est. gross annual yield:8.0%
- Data as of:2026-06
Rent by Bedroom in Toledo, OH
Average monthly rent for each bedroom type based on current active listings in Toledo.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $625/mo |
2 Bedrooms | $775/mo |
3 Bedrooms | $975/mo |
4 Bedrooms | $1,200/mo |
5 Bedrooms | $1,375/mo |
Toledo Rental Market Statistics
Key indicators from the current Toledo, OH rental market.
820
Available now in Toledo
40
From list to lease
$0.73
Average across listings
1,200 sq ft
Typical rental size
$450 – $1,900
Min to max active listings
+2.0%
Avg rent vs. prior year
Investing in Toledo, OH Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$130,000
Typical purchase price in Toledo
Est. Gross Annual Yield
8.0%
Before expenses & vacancy
Avg Monthly Income
$870
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Toledo for a full cash-flow breakdown including all costs.
Toledo, OH Rental Market FAQ
Common questions about renting and investing in Toledo, OH.
What is the average rent in Toledo, OH?
The average rent in Toledo, OH is $870 per month as of 2026. One-bedroom apartments average $625/mo, two-bedrooms $775/mo, and three-bedroom homes $975/mo — among the most affordable rents of any mid-size Ohio city.
Is Toledo, OH a good place to invest in rental property?
Toledo offers an estimated 8.0% gross annual yield with very low home acquisition costs (median ~$130,000). The automotive supply chain, healthcare, and University of Toledo provide a stable tenant base. Best suited for cash-flow-focused investors who are experienced with active asset management in a smaller market.
How competitive is the Toledo, OH rental market?
Toledo averages 40 days on market with approximately 820 active listings. The market is less competitive than Columbus or Cincinnati, with tenants having ample choice. Well-located properties near UT, ProMedica, or the Sylvania suburb corridor lease faster than the city average.
Ready to Analyze a Property in Toledo?
Get an instant rent estimate, cash-flow projection, and comparable rentals for any address in Toledo, OH.
Analyze Now — It's Free