What is the Fair Market Rent for a 2-bedroom in Toledo, OH MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Toledo, OH MSA is $1,076 per month for fiscal year 2026. The studio FMR is $769, 1-bedroom is $820, 3-bedroom is $1,380, and 4-bedroom is $1,454.

What income do you need to afford the FMR in Toledo, OH MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $43,040 per year ($3,587 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,076 in Toledo, OH MSA.

FY2026 Fair Market Rents — Toledo, OH MSA

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$769

1BR

$820

2BR

$1,076

3BR

$1,380

4BR

$1,454

Hours/week at min wage

78 hrs

to afford the 2BR FMR @ $10.70/hr (OH)

YoY change (2BR)

+1.9%

+$20 vs FY2025 · 5-yr +35.7%

Voucher payment standard

$968–$1,184

PHAs set HCV payment at 90–110% of the 2BR FMR

Toledo, OH MSA

Non-Metropolitan area · OH · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$769	$9,228
1-Bedroom	$820	$9,840
2-Bedroom	$1,076	$12,912
3-Bedroom	$1,380	$16,560
4-Bedroom	$1,454	$17,448

Recent 2-Bedroom FMR Trend

FY2020 $767 → FY2026 $1,076

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$769	$820	$1,076	$1,380	$1,454
FY2025	$745	$805	$1,056	$1,371	$1,440
FY2024	$691	$753	$986	$1,307	$1,378
FY2023	$637	$698	$906	$1,218	$1,310
FY2022	$553	$623	$806	$1,094	$1,193
FY2021	$535	$613	$793	$1,077	$1,179
FY2020	$505	$592	$767	$1,044	$1,150

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $95,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,050	$22,900	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$33,400	$38,200	$42,950	$47,700	$51,550	$55,350
80% AMI (Low)	$53,450	$61,050	$68,700	$76,300	$82,450	$88,550

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$12,912/yr

FMR as % of Area Median Income

13.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$43,040/yr

$3,587/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$834	$954	$1,073	$1,287	$1,383
60% AMI Maximum	$1,001	$1,144	$1,287	$1,545	$1,659

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$769	$820	$1,076	$1,380	$1,454
Low HOME Rent	$835	$955	$1,073	$1,192	$1,288

Compare Toledo, OH MSA With Other OH Metros

vs. Akron, OH MSA vs. Ashtabula County, OH HUD Metro FMR Area vs. Brown County, OH HUD Metro FMR Area vs. Canton-Massillon, OH MSA vs. Cleveland, OH HUD Metro FMR Area