Rent in Toledo Lower Than National Average

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TOLEDO, OH - The rental market in Toledo, OH, has seen notable changes over the past year.

According to recent data from Zillow, the median rent for all property types and bedrooms in Toledo now stands at $950. This figure represents a $25 increase from the previous month and a significant $125 rise compared to the same time last year.

The range of rental prices in Toledo varies widely, with houses renting for anywhere between $385 and $2,600 per month, according to Zillow.

Despite this range, the median rent remains at $950, making it a more affordable option compared to the national median, which is $1,200 higher.

Currently, there are 505 available rental properties in Toledo, indicating a relatively robust supply for prospective tenants, according to Zillow.

The steady increase in rent over the past year reflects a growing demand in the area, which might be influenced by various economic factors and a rising interest in Toledo as a residential destination.

For renters in Toledo, this upward trend in rent prices is important to consider when planning their housing budgets.

The city’s rental market remains a cost-effective option compared to national figures, but the consistent rise in prices suggests that future tenants should be prepared for potential increases.