Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,076$12,912 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Toledo, OH
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Toledo, OH
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $769 | $9,228 | $30,760 | $14.79/hr |
| 1-Bedroom Apartment | $820 | $9,840 | $32,800 | $15.77/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,076 | $12,912 | $43,040 | $20.69/hr |
| 3-Bedroom Home | $1,380 | $16,560 | $55,200 | $26.54/hr |
| 4-Bedroom Home | $1,454 | $17,448 | $58,160 | $27.96/hr |
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Ohio:
Frequently Asked Questions About Rent in Toledo, OH
What is the Fair Market Rent for a 2-bedroom in Toledo, OH?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Toledo, OH is $1,076 per month ($12,912 per year).
What hourly wage is needed to afford rent in Toledo, OH?
To comfortably afford a 2-bedroom apartment at $1,076/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.69 per hour ($43,040/year).
What are the HUD Fair Market Rents by bedroom count in Toledo, OH?
Official 2026 HUD rents in Toledo, OH are: Studio: $769/mo, 1-Bedroom: $820/mo, 2-Bedroom: $1,076/mo, 3-Bedroom: $1,380/mo, and 4-Bedroom: $1,454/mo.
How do HUD Fair Market Rents compare to local incomes in Toledo, OH?
At the local Census ACS median household income of $49,724/year ($4,144/month), the benchmark 2-bedroom Fair Market Rent represents 26% of monthly income.
How is the 30% housing affordability standard calculated in Toledo, OH?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,076/month, the required minimum annual gross income is calculated as ($1,076 × 12) ÷ 0.30 = $43,040 per year.