Salt Lake City vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 47% cheaper for renters. A 2-bedroom rents for $769/mo vs $1,127/mo in Salt Lake City — saving $4,296/year.
Rent by Unit Size
| Unit Size | Salt Lake City | Toledo | Difference |
|---|---|---|---|
| Studio | $754 | $521 | $233 |
| 1 Bedroom | $912 | $622 | $290 |
| 2 Bedrooms | $1,127 | $769 | $358 |
| 3 Bedrooms | $1,352 | $990 | $362 |
| 4 Bedrooms | $1,632 | $1,150 | $482 |
| Median Income | $77,224 | $44,170 | $33,054 |
Salt Lake City
- Studio
- $754/mo
- 1 BR
- $912/mo
- 2 BR
- $1,127/mo
- 3 BR
- $1,352/mo
- 4 BR
- $1,632/mo
- Median Income
- $77,224/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 Salt Lake City or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $1,127/mo in Salt Lake City. That's $358/mo or $4,296/year more expensive in Salt Lake City (47% higher).
What is the 2-bedroom rent in Salt Lake City vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Salt Lake City is $1,127/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Salt Lake City and Toledo?
The median household income in Salt Lake City is $77,224/year. In Toledo it is $44,170/year. Salt Lake City has the higher median income.
What is the studio rent in Salt Lake City vs Toledo?
A studio apartment Fair Market Rent in Salt Lake City is $754/mo. In Toledo it is $521/mo.