11 Cheap Apartments for rent in Toledo, OH

Last updated June 21 at 10:44am UTC
715 Main St
East Toledo
Toledo, OH
Updated June 21 at 9:22am UTC
2 Bedrooms
$500
717 Main St
East Toledo
Toledo, OH
Updated June 21 at 9:22am UTC
2 Bedrooms
$500
4211 Burnham Ave
Five Points - Library Village
Toledo, OH
Updated June 20 at 9:29am UTC
1 Bedroom
$500
4857 Lewis Ave
Five Points - Library Village
Toledo, OH
Updated June 19 at 9:32am UTC
1 Bedroom
$475
431 Starr Ave
East Toledo
Toledo, OH
Updated June 16 at 9:59am UTC
Studio
$100
1446 N Erie St
Northriver
Toledo, OH
Updated June 15 at 5:35pm UTC
1 Bedroom
$450
1443 GOODALE - 1
Ottawa
Toledo, OH
Updated May 15 at 12:42pm UTC
Studio
$440
127 Carbon St
East Toledo
Toledo, OH
Updated May 2 at 9:54am UTC
2 Bedrooms
$400
1391 W Sylvania Ave
Five Points - Library Village
Toledo, OH
Updated June 21 at 10:44am UTC
Studio
$415
2635 Indian River Rd
Ottawa
Toledo, OH
Updated June 21 at 10:44am UTC
1 Bedroom
$400
2239 Upton Ave
Ottawa
Toledo, OH
Updated June 21 at 10:44am UTC
1 Bedroom
$425

June 2018 Toledo Rent Report

Welcome to the June 2018 Toledo Rent Report. Toledo rents increased over the past month. In this report, we'll evaluate trends in the Toledo rental market, including comparisons to similar cities nationwide.

View full Toledo Rent Report
Rent Report
Toledo

June 2018 Toledo Rent Report

Welcome to the June 2018 Toledo Rent Report. Toledo rents increased over the past month. In this report, we'll evaluate trends in the Toledo rental market, including comparisons to similar cities nationwide.

Toledo rents increase sharply over the past month

Toledo rents have increased 0.6% over the past month, and are up slightly by 1.7% in comparison to the same time last year. Currently, median rents in Toledo stand at $590 for a one-bedroom apartment and $770 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Toledo's year-over-year rent growth leads the state average of 1.0%, as well as the national average of 1.5%.

Toledo rents more affordable than many large cities nationwide

As rents have increased slightly in Toledo, a few large cities nationwide have seen rents grow more quickly. Toledo is still more affordable than most large cities across the country.

  • Toledo's median two-bedroom rent of $770 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.7% rise in Toledo.
  • While Toledo's rents rose slightly over the past year, the city of Seattle saw a decrease of 0.8%.
  • Renters will find more reasonable prices in Toledo than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly four times the price in Toledo.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.