Toledo Rent Report: March 2025
Welcome to the Apartment List March 2025 Rent Report for Toledo, OH. Currently, the overall median rent in the city stands at $880, roughly the same as last month. Prices and are now up 11.7% year-over-year. Read on to learn more about what’s been happening in the Toledo rental market and how it compares to trends throughout the nation as a whole.
Toledo rents are flat month-over-month and up 11.7% year-over-year
The median rent in Toledo rose by 0.3% over the course of February, and has now increased by a total of 11.7% over the past 12 months. Toledo’s rent growth over the past year has has outpaced both state (2.7%) and national (-0.4%) averages.
Toledo rent growth in 2025 pacing above last year
Two months into the year, rents in Toledo have risen 0.3%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to February 2024 rents had decreased 0.8%.
February rent growth in Toledo ranked #50 among large U.S. cities
Toledo rents went up 0.3% in the past month, compared to the national rate of 0.3%. Among the nation's 100 largest cities, this ranks #50. Similar monthly rent growth took place in Plano, TX (0.3%) and Louisville, KY (0.3%).
Toledo is the #100 most expensive large city in the U.S., with a median rent of $880
Citywide, the median rent currently stands at $653 for a 1-bedroom apartment and $904 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $880. That ranks #100 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,208 for a 1-bedroom, $1,361 for a 2-bedroom, and $1,375 overall. The median rent in Toledo is 36.0% lower than the national, and is similar to the prices you would find in Wichita, KS ($1,009) and Fort Wayne, IN ($1,008).
Methodology
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin 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, capturing apartment transactions over time 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. For more details, please see the Apartment List Rent Estimate Methodology.
Data Access
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
