$1,025 Per Month
- 3 Beds
- 1 Bath
- 1,301 Sq Ft
- House for Rent
1517 Lincoln Ave, Toledo, OH 43607
3 bed / 1 bath in great location off Detroit Avenue. Immediate occupancy.
Dave Lahmers
Loss Realty Group
Frequently Asked Questions
How much does it cost to rent a home in Toledo, OH?
The median rent for a home in Toledo, OH is $1,045 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Toledo, OH?
To comfortably afford the median rent in Toledo, OH, a household needs to earn roughly $41,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,045 per month in Toledo, OH, renters typically need to show $3,135 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Toledo, OH?
In Toledo, OH, the price-to-rent ratio is 12.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Toledo, OH are best for renting a home?
The best neighborhood for renting in Toledo, OH depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Roosevelt, Five Points, Southside, Lagrange and DeVeaux, each with its own character and price range.
