Overview of Toledo
Bordering the state of Michigan along the western end of Lake Erie and home to one of the many manufacturing hubs along the Rust Belt, Toledo is one of the fastest-growing regions in Ohio - and for good reason. Although many areas in the Buckeye State have seen decline in recent years, Toledo has rebounded and invested in redevelopment - drawing many Ohio residents back to Toledo apartments for rent. Two major developments include breaking ground with Fifth Third Field in 2002, and the construction of Huntington Center in 2009 and a recently upgraded riverfront. Needless to say, there are many opportunities to give Toledo apartments a second look.
Living in Toledo, OH
Although there are several fantastic places in the city to find Toledo apartments for rent, the most popular neighborhoods are Old Orchard, southwest Toledo, the areas around the University of Toledo and Ottawa Hills. The different styles of apartments here range from grand old homes to very affordable student apartments - so no matter where you choose to call home, you will have no problem finding Toledo apartments that are right for you. No matter what, you will find yourself in one of most sought-after hubs in Ohio. Toledo may not be a young city, but it is growing and full of optimism for the future.
Toledo Apartments and Cost of Living
Toledo is a very affordable and diverse city. According to City-Data, the cost of living is more than 6 percent below the national average, meaning that you can live in Toledo apartments for rent and raise a family without having to put a dent in your wallet. There is a wide variety of low-income housing within the city, so no matter what your budget is, you should be able to find apartments in Toledo that you and your family can afford.
Toledo Work and Study
The University of Toledo is the biggest institution in the area, attracting thousands of students to Toledo apartments every year. Mercy College of Northwest Ohio, Herzing University and Davis College are other popular area institutions. According to City-Data, manufacturing represents about one-fifth of the city's economy, especially in the fields of automotive parts production, glass, plastic and metal parts. Medical and technological businesses are also a growing factor in the local economy. In fact, Lucas County ranks among the 50 most productive counties in medical industry production.