Average Rent in Toledo, OH
The Fair Market Rent for a 2-bedroom in Toledo, OH is $1,076 per month, based on HUD data. With a median household income of $63,749, a household would spend 20.3% of income on housing at Fair Market Rent. Rent has increased 9.1% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $769 |
| 1 Bedroom | $820 |
| 2 Bedroom | $1,076 |
| 3 Bedroom | $1,380 |
| 4 Bedroom | $1,454 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $63,749 |
| Rent Burden (2BR FMR / Income) | 20.3% |
| Income Needed for 2BR (30% rule) | $43,040/yr |