Cheap houses for rent in toledo ohio

Cheap houses for rent in toledo ohio

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Big small-town character is a highlight of this waterfront city.

Affordable Waterfront Close-knit Diverse

Regarded as the Water Recreation Capital of the Midwest, Toledo rests on the banks of Lake Erie and the Maumee River in Northwest Ohio near the Ohio-Michigan border. While boating and fishing are popular pastimes in Toledo, there are also many other attractions Toledo residents enjoy.

Should you choose to rent in Toledo, you will have the opportunity to see the Mud Hens play ball at Fifth Third Field, eat Hungarian hotdogs at Tony Packo’s, take the kids on a scientific adventure at Imagination Station, marvel at the ornate architecture of the Rosary Cathedral, peruse the shops at Franklin Park Mall and Hensville, hike through one of Toledo’s many Metroparks, tour the Toledo Zoo, and catch a race at Toledo Speedway. You can also see the Toledo Symphony Orchestra at Peristyle Concert Hall, the Toledo Opera at the historic Valentine Theatre Downtown, and the expansive collection in the Toledo Museum of Art.

A short drive from Detroit and Cleveland, Toledo residents savor access to major highways, TARTA buses, and Toledo Express Airport.

Explore the City

Cheap houses for rent in toledo ohio

Building in Toledo

Cheap houses for rent in toledo ohio

Sailboat on Lake Erie

As of November 2022, the average apartment rent in Toledo, OH is $532 for a studio, $641 for one bedroom, $764 for two bedrooms, and $956 for three bedrooms. Apartment rent in Toledo has decreased by -6.5% in the past year.

BedsAvg. Sq. Ft.Avg. Rent
Studio 346 sq.ft. $532 /mo.
1 BR 599 sq.ft. $641 /mo.
2 BR 842 sq.ft. $764 /mo.
3 BR 1,143 sq.ft. $956 /mo.

Somewhat Walkable

52 out of 100 WalkScore® Rating

You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.

Somewhat Bikeable

47 out of 100 BikeScore® Rating

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Demographics

StatisticValue
Per Capita Income $43,694
Median Household Income $54,891
Total Population 641,398 people
Average Age 39 years old
Average Rent $641

Schools

Whitmer High School

Public High School

4 out of 10 GreatSchools® Rating

Grades 9-12

2,156 Students

Points of Interest

Nearby

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Is Toledo Ohio a cheap place to live?

Toledo has a cost-of-living index of 87, making it 13% more affordable than the national average. .

Is Toledo Ohio a good place to live?

Many families and retirees call Toledo home. Several factors make the Toledo area an attractive place for families, one being the high quality of schools. The area also has kid-friendly events and activities, such as the hands-on Imagination Station Science & History Museum, located downtown.

Is Toledo Ohio a good place to invest?

Toledo is the perfect real estate market for investors looking for affordable single-family rental property in a market with sure and steady growth.