Lincoln vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 9% cheaper for renters. A 2-bedroom rents for $769/mo vs $835/mo in Lincoln — saving $792/year.
Rent by Unit Size
| Unit Size | Lincoln | Toledo | Difference |
|---|---|---|---|
| Studio | $561 | $521 | $40 |
| 1 Bedroom | $685 | $622 | $63 |
| 2 Bedrooms | $835 | $769 | $66 |
| 3 Bedrooms | $1,007 | $990 | $17 |
| 4 Bedrooms | $1,216 | $1,150 | $66 |
| Median Income | $40,210 | $44,170 | $3,960 |
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/yr
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Lincoln or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $835/mo in Lincoln. That's $66/mo or $792/year more expensive in Lincoln (9% higher).
What is the 2-bedroom rent in Lincoln vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Lincoln is $835/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Lincoln and Toledo?
The median household income in Lincoln is $40,210/year. In Toledo it is $44,170/year. Toledo has the higher median income.
What is the studio rent in Lincoln vs Toledo?
A studio apartment Fair Market Rent in Lincoln is $561/mo. In Toledo it is $521/mo.