New York-Newark-Jersey City vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 198% cheaper for renters. A 2-bedroom rents for $769/mo vs $2,293/mo in New York-Newark-Jersey City — saving $18,288/year.
Rent by Unit Size
| Unit Size | New York-Newark-Jersey City | Toledo | Difference |
|---|---|---|---|
| Studio | $1,531 | $521 | $1,010 |
| 1 Bedroom | $1,813 | $622 | $1,191 |
| 2 Bedrooms | $2,293 | $769 | $1,524 |
| 3 Bedrooms | $2,674 | $990 | $1,684 |
| 4 Bedrooms | $3,167 | $1,150 | $2,017 |
| Median Income | $124,777 | $44,170 | $80,607 |
New York-Newark-Jersey City
- Studio
- $1,531/mo
- 1 BR
- $1,813/mo
- 2 BR
- $2,293/mo
- 3 BR
- $2,674/mo
- 4 BR
- $3,167/mo
- Median Income
- $124,777/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 New York-Newark-Jersey City or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $2,293/mo in New York-Newark-Jersey City. That's $1,524/mo or $18,288/year more expensive in New York-Newark-Jersey City (198% higher).
What is the 2-bedroom rent in New York-Newark-Jersey City vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in New York-Newark-Jersey City is $2,293/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between New York-Newark-Jersey City and Toledo?
The median household income in New York-Newark-Jersey City is $124,777/year. In Toledo it is $44,170/year. New York-Newark-Jersey City has the higher median income.
What is the studio rent in New York-Newark-Jersey City vs Toledo?
A studio apartment Fair Market Rent in New York-Newark-Jersey City is $1,531/mo. In Toledo it is $521/mo.