2

Toledo, OR Homes for Rent

Section Image
  • /20

    $2,400 Per Month

    • 3 Beds
    • 2 Baths
    • 1,147 Sq Ft
    • Condo for Rent

    400 SE 1st St, Toledo, OR 97391

    Property Id: 199673 Beautiful views, forced air/gas heating. Newer appliances, washer dryer, refrigerator and dishwasher. Bonus sun room not included in sq footage. Separate street entrances from the bottom addon units. Water,sewer and garbage service included.Deck is currently being refurbished and surface will either be stained or repainted. First, last and security

    (858) 757-2994

    400 SE 1st St, Toledo, OR 97391
  • /22

    $1,475 Per Month

    • 1 Bed
    • 1 Bath
    • 691/A/583

    583 N Main St Unit 691/A/583, Toledo, OR 97391

    583 N Main St Unit 691/A/583, Toledo, OR 97391

Why Live in Toledo

Toledo, Oregon, is a small city situated at a bend of the Yaquina River, approximately 7 miles east of Newport. Known for its riverside lifestyle, Toledo offers opportunities for clamming, crabbing, and fishing in Yaquina Bay. The local economy includes boat repair businesses and a shipyard at the Port of Toledo, which also serves as a marina and park. The city boasts a vibrant arts community with a walkable downtown area featuring specialty shops, restaurants, art galleries, and studios. Homes in Toledo range from older cottages and ranch styles to newer custom builds and log cabins, with lot sizes varying from less than 10,000 square feet to over 5 acres. The Port of Toledo, recognized as a Certified Clean Marina, provides a boat launch, day-use area, paddle park, and waterfront park with a pavilion. Toledo's downtown area retains historic charm with early to mid-20th century buildings housing local shops and eateries like Toledo Coffee Depot, Timbers Restaurant and Lounge, Cobblestone Pizza Co., and Cafe 235. The Yaquina River Museum of Art, located in an old schoolhouse, hosts Art Toledo, an annual event on Labor Day weekend. Public education is provided by the Lincoln County School District, with Toledo Junior/Senior High School offering career and technical training. U.S. Route 20 and Oregon Route 229 are major highways serving the area, and Lincoln County Transit offers bus services to nearby communities.

Frequently Asked Questions

How much does it cost to rent a home in Toledo, OR?
The median rent for a home in Toledo, OR is $1,475 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Toledo, OR?
To comfortably afford the median rent in Toledo, OR, a household needs to earn roughly $59,000 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 $1,475 per month in Toledo, OR, renters typically need to show $4,425 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, OR?
In Toledo, OR, the price-to-rent ratio is 18.4, 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.

Rental Trends in Toledo, OR

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,475
Median Single Family Home Rent
$2,400
Median Condo Rent
$1,388
How to Rent a Home