Salem vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 48% cheaper for renters. A 2-bedroom rents for $769/mo vs $1,137/mo in Salem — saving $4,416/year.
Rent by Unit Size
| Unit Size | Salem | Toledo | Difference |
|---|---|---|---|
| Studio | $741 | $521 | $220 |
| 1 Bedroom | $913 | $622 | $291 |
| 2 Bedrooms | $1,137 | $769 | $368 |
| 3 Bedrooms | $1,411 | $990 | $421 |
| 4 Bedrooms | $1,615 | $1,150 | $465 |
| Median Income | $53,953 | $44,170 | $9,783 |
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/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 Salem or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $1,137/mo in Salem. That's $368/mo or $4,416/year more expensive in Salem (48% higher).
What is the 2-bedroom rent in Salem vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Salem is $1,137/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Salem and Toledo?
The median household income in Salem is $53,953/year. In Toledo it is $44,170/year. Salem has the higher median income.
What is the studio rent in Salem vs Toledo?
A studio apartment Fair Market Rent in Salem is $741/mo. In Toledo it is $521/mo.