Rent Tracker
Rent Inflation in Toledo, OH
The average asking rent in Toledo, OH is $1,302/month as of 2026-05. That is +4.4% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,302/mo
as of 2026-05
Year-over-Year Change
+4.4%
24-Month Rent Trend
Monthly ZORI index values for Toledo, OH.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-05 | $1,302 | +0.93% |
| 2026-04 | $1,290 | +0.39% |
| 2026-03 | $1,285 | +0.16% |
| 2026-02 | $1,283 | +0.08% |
| 2026-01 | $1,282 | -0.08% |
| 2025-12 | $1,283 | +0.47% |
| 2025-11 | $1,277 | +0.24% |
| 2025-10 | $1,274 | +0.71% |
| 2025-09 | $1,265 | +0.40% |
| 2025-08 | $1,260 | +0.72% |
| 2025-07 | $1,251 | +0.00% |
| 2025-06 | $1,251 | +0.32% |
| 2025-05 | $1,247 | +0.81% |
| 2025-04 | $1,237 | +0.65% |
| 2025-03 | $1,229 | +0.16% |
| 2025-02 | $1,227 | -0.08% |
| 2025-01 | $1,228 | +0.08% |
| 2024-12 | $1,227 | +0.08% |
| 2024-11 | $1,226 | -0.16% |
| 2024-10 | $1,228 | +0.16% |
| 2024-09 | $1,226 | +0.00% |
| 2024-08 | $1,226 | +0.49% |
| 2024-07 | $1,220 | +0.41% |
| 2024-06 | $1,215 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices