Toy libraries are places where people can check out or use toys from a shared collection. There is an international association, ITLA:
The INTERNATIONAL TOY LIBRARY ASSOCIATION (ASSOCIATION INTERNATIONALE DES LUDOTHEQUES) was created in 1990 in Torino during the 5th international conference of toy libraries. It has been found necessary to get a permanent link structure. The decision to form ITLA was taken on May 28th 1987 at the 4th International Conference of Toy Libraries in Toronto.
A local example Ann Arbor is Fiona's Toy Library, as featured on the Lucy Ann Lance Show:
nice to see this happen!