Zumper
modified
3 Hours Ago

Highlights

  • Pet Friendly
  • Spacious bathrooms
  • Quartz countertops
  • In-unit laundry
  • Stainless steel appliances
  • On-site parking
  • Contemporary convenience

Location

123 Water St, Toledo, OH 43604, USA|Downtown Toledo
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Contact

Management

FIS 1 Tenant LLC

Leasing office

(567) 666-6490

Property Overview

Fort Industry Square presents an impressive overall experience for renters, showcased by a strong Zumper expert rating of 8.4 out of 10. Highlights include an array of high-end amenities, such as spacious bathrooms, quartz countertops, and in-unit laundry, complemented by a prime location with excellent access to restaurants, cultural centers, and parks. Additionally, the property is well-suited for diverse lifestyles, offering remote work options, social engagement opportunities, and sustainable living features, while maintaining competitive pricing that emphasizes value.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, Fort Industry Square is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Fort Industry Square has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elevator
  • Package service

Great for

  • Pet owners
  • Work-from-home
  • Eco living

Floor plans

2BD/1BA2 bed1 bath907+ sqft$1,550–$1,635 /mo2 units availableSpanning an entire city block and overlooking the Maumee River, Fort Industry Square lands at the intersection of popular dining, shopping, and various consumer services. Each well-appointed residence comes standard with custom designed fixtures and finishes that bring a timeless finesse to each individual living space. With features designed to ensure a balance of contemporary convenience and historic allure, the Fort Industry Square luxury apartments allow you to keep up with your downtown lifestyle. Each residence includes efficient essentials such as in-unit laundry, high speed fiber internet service, on-site parking, stainless steel appliances, quartz countertops and spacious bathrooms.

Let's explore this property.

Amenities for Fort Industry Square

Apartment Amenities

Quartz Countertops

Appliances

IcemakerIn-Unit Laundry
MicrowaveOven/Stove
RefrigeratorStainless Steel Appliances
Washer and Dryer

Building

Cats OKControlled Access
Controlled Access BuildingDogs OK
Elevator

Grounds

Direct River Walk Access

Services

On-Site Consumer ServiceOn-Site Dining & Nightlife
On-Site MaintenancePackage Service
Trash Removal

Other

Cats and Dogs Welcome
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 
Limit1

Cat policy

Allowed 
Limit1
Building details

Property details

Units32
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About Fort Industry Square

HomeApartments in ToledoDowntown Toledo Fort Industry Square

Spanning an entire city block and overlooking the Maumee River, Fort Industry Square lands at the intersection of popular dining, shopping, and various consumer services. Each well-appointed residence comes standard with custom designed fixtures and finishes that bring a timeless finesse to each individual living space. With features designed to ensure a balance of contemporary convenience and historic allure, the Fort Industry Square luxury apartments allow you to keep up with your downtown lifestyle. Each residence includes efficient essentials such as in-unit laundry, high speed fiber internet service, on-site parking, stainless steel appliances, quartz countertops and spacious bathrooms.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, Fort Industry Square is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Fort Industry Square has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Fort Industry Square
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Fort Industry Square stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Fort Industry Square stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Fort Industry Square is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Fort Industry Square does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Fort Industry Square provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Fort Industry Square is great for:

Pet owners

  • 2 dog parks within 1 mile

Work-from-home

  • High speed internet is an amenity
  • 3 office supply stores within 1 mile
  • Common areas for meetings or remote work
  • 2 internet service provider options nearby

Eco living

  • You can get around by foot in this area
  • 18 parks within a mile
  • On-site recycling or composting options
  • Public transit available nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Fort Industry Square compares to other nearby properties.

Positives

Elevator
Improved accessibility features
Package service
More secure storage for delivery

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Downtown Toledo

2-bedroom apartments at Fort Industry Square cost about 25% more than the average rent price for 2-bedroom apartments in Downtown Toledo.

Median rents as of Sep 27 2025.
Downtown Toledo
Toledo
A table of studio rental data trends in Toledo
MonthMedian Rent
October 2023$575
November 2023$575
December 2023$575
January 2024$575
February 2024$575
March 2024$575
April 2024$581
May 2024$612
June 2024$597
July 2024$575
August 2024$575
September 2024$625
October 2024$745
November 2024$1,007
December 2024$1,028
January 2025$1,004
February 2025$653
March 2025$1,066
April 2025$937
May 2025$947
June 2025$1,112
July 2025$1,112
August 2025$686
September 2025$1,112
A table of studio rental data trends in Downtown Toledo
MonthMedian Rent
October 2023$575
November 2023$575
December 2023$575
January 2024$575
February 2024$575
March 2024$575
April 2024$575
May 2024$575
June 2024$575
July 2024$575
August 2024$575
September 2024$575
October 2024$691
November 2024$1,040

Affordability calculator

Can I afford to live at 123 Water St?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$62,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 2-bedrooms monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.

Schools near Fort Industry Square

Crossgates Pre-School

3901 shadylawn dr

toledo, OH, 43614

PKPublic
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Internet available near Fort Industry Square

Getting around Toledo near 123 Water St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 123 Water St, Toledo

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

6/10
Variety of restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

6/10
Some bars within walking distance

Explore the area around 123 Water St

Islamic Food Bank of Toledo
4 Seagate
Madison Market
901 Madison Ave
Sautters 5 Star Market
5 Main St
Toledo Food Market
303 Main St
La Mexicana
764 Oak St

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