7 Cheap Apartments for rent in Toledo, OH

Last updated November 22 at 1:39am UTC
318 Buckeye Street
Northriver
Toledo, OH
Updated November 7 at 12:01pm UTC
1 Bedroom
$200
4214 LYMAN - 1
Five Points - Library Village
Toledo, OH
Updated October 27 at 10:44am UTC
2 Bedrooms
$495
2563 Foraker
South Side
Toledo, OH
Updated November 6 at 11:54am UTC
1 Bedroom
$375
124 Everett Street
Lagrange
Toledo, OH
Updated October 27 at 10:31am UTC
2 Bedrooms
$500
447 Sunset Blvd
Five Points - Library Village
Toledo, OH
Updated November 22 at 1:39am UTC
1 Bedroom
$500
1612 Berdan Ave
Five Points - Library Village
Toledo, OH
Updated November 18 at 2:07am UTC
1 Bedroom
$475
3934 Drexel Dr
Five Points - Library Village
Toledo, OH
Updated October 31 at 1:48am UTC
2 Bedrooms
$495
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November 2017 Toledo Rent Report

Welcome to the November 2017 Toledo Rent Report. 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

November 2017 Toledo Rent Report

Welcome to the November 2017 Toledo Rent Report. 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 1.3% over the past month, and have increased moderately by 2.6% 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 third straight month that the city has seen rent increases after a decline in July. Toledo's year-over-year rent growth lags the state and national averages, which both stand at 2.7%.

Toledo rents more affordable than many large cities nationwide

As rents have increased moderately in Toledo, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. 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 $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 2.6% increase in Toledo.
  • While Toledo's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • 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.