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501 Yonge Street is an exceptional rental option with an overall expert rating of 9.9/10, reflecting top scores in price, amenities, location, and quality. Renters can expect a premier living experience with excellent value, outstanding convenience to key destinations, and strong confidence in property transparency and management. The 37 listing photos further help prospective renters clearly understand the spaces and features available.
Things you’ll love
Images AvailableLaundry available on site| 1 bed | 1 bed | 1 bath | $6,709 /mo | The advertised rate of C$6,709/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 22, 2026. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Feel at home in this comfortable 1-bedroom plus den suite in the high-demand downtown core of Toronto. This new luxury "The Teahouse Condo" by Prestigious Lanterra offers a great view of the city. This suite has everything you need, including a fully functional kitchen with supplies such as tea, coffee, a kettle, coffeemaker, and toaster. A washer and dryer with supplies are available for your convenience. The bathroom is equipped with towels, shampoo, conditioner, body wash, a hair dryer, and other toiletries. Pets are allowed for a fee of $10 per pet per night, please confirm the opportunity prior to booking. Travel cribs for babies aged 0-18 months and bed rails are available for $5 per item per night, please book these items in advance. Centrally located, this apartment is steps away from the subway, Toronto Metropolitan University, office towers, Yorkville, hospitals, many shops, the Financial District, and Eaton Centre. The minimum age for booking is 18 years. Check-in is after 4PM, and check-out is before 12PM. Late check-out may be possible if notified well in advance. According to the condo rules, information about all guests' names and their ID details, vehicle, and license plate numbers (if you require a parking spot) must be provided to the condo management prior to arrival. Guests whose names or ID do not match the information given are not allowed into the building. Any type of smoking (cigarettes or marijuana) is prohibited inside the unit or building. If the alarm is triggered and the smell of any type of smoke is discovered, the partner has the right to cancel your reservation immediately and charge you $150 for a service call and $200 for cleaning fees. | |||
| 2 bed | 2 bed | 1 bath | 484 sqft | $6,894 /mo | The advertised rate of C$6,894/month is the lowest available price, based on a 30 day(s) stay with a move-in date of October 23, 2026. Rates vary depending on the duration of stay, season, and other parameters. For exact pricing and additional pricing components, please visit our website and enter your desired move-in and move-out dates. The rate is applicable when billed upfront; it can be higher if billed in multiple payments. Feel at home in this professionally designed 2-bedroom suite, conveniently located in the heart of downtown Toronto. This premium unit is equipped with high-speed Wi-Fi, air conditioning, heating, and a washer/dryer. Guests also have access to a gym. There is a Smart TV which allows you to access your accounts on Netflix, Prime Video, Disney Plus, Crave, Spotify and much more to stream all your favorite shows, movies and music. Please use the laundry conservatively, and leave the washing machine door slightly open to allow the machine to properly air out and avoid molding. Enhance your stay with premium services, including airport limo, private chef, and dry-cleaning services. Mid-stay housekeeping is also available. Please inquire for additional information. Pets are welcome with a fee of $25 per day for 1-5 days, $200 for 6-28 days, and $300 for 29+ days. Close by attractions include the Eaton Center, shopping centers, tourist attractions, Queens Park, University of Toronto, and hospitals. This suite is ideal for tourists and professional business travelers, as it is within walking distance of multiple large-scale corporate offices. The unit's entrance is located off of Yonge Street. Many convenient and easily accessible transportation options are close to the apartment, including the TTC, taxis, and both Lyft and Uber. No parties are allowed; there is a $500 surcharge charged to groups that are deceitful about the use of the house. Guests partying will be asked to vacate the property immediately without refund. No smoking is allowed inside the property or on the balcony. Evidence of indoor smoking will result in a $1000 fine and termination of the reservation. No unregistered guests are allowed inside the property at any time. A surcharge of $100 per undeclared guest per night will be applied for each unapproved guest. Check-in and check-out times are mandatory, unless scheduled and confirmed 24 hours in advance and only if it does not disturb upcoming guest reservations. A $100/hour penalty is applied if guests fail to check out on time. Shoes are to be left by the front door and not to be worn throughout the inside of the house. |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Central Heat |
| Fully Equipped Kitchen | Furnished |
| Hanger | Has View |
| Kettle | Linen Towel |
| Shower | Toaster |
| TV |
Appliances
| Coffee Machine | Dishwasher |
| Hair Dryer | In-Unit Laundry |
| Iron | Microwave |
| Oven | Refrigerator |
| Stove |
Tech
| WiFi |
Building
| Business Center | Cats OK |
| Dogs OK | Elevator |
| Fitness Center | Onsite Laundry |
| Smoke Detector |
Grounds
| Outdoor Shared Pool | Spa |
| Swimming Pool |
Services
| On-Site Management |
One-time.
One-time. Refundable.
Contact for more information on pet policy.
Questions about this property’s policies and fees?
| Lease terms | 1–12 months |
|---|
We offer custom pricing for any duration. Rates may vary upon exact move in and move out dates. Please visit our website and enter your dates of stay to see up-to-date pricing for your specific booking.
How 501 Yonge Street compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 205% higher than 1-bedrooms in The Village.
If you decide to upgrade your space, you can expect 2-bedrooms at 501 Yonge Street to be 132% more than the average for similarly sized apartments in The Village.
| Month | Median Rent |
|---|---|
| May 2024 | $1,983 |
| June 2024 | $1,990 |
| July 2024 | $1,955 |
| August 2024 | $1,948 |
| September 2024 | $1,907 |
| October 2024 | $1,898 |
| November 2024 | $1,899 |
| December 2024 | $1,899 |
| January 2025 | $1,887 |
| February 2025 | $1,853 |
| March 2025 | $1,862 |
| April 2025 | $1,856 |
| May 2025 | $1,842 |
| June 2025 | $1,806 |
| July 2025 | $1,800 |
| August 2025 | $1,800 |
| September 2025 | $1,799 |
| October 2025 | $1,798 |
| November 2025 | $1,768 |
| December 2025 | $1,750 |
| January 2026 | $1,741 |
| February 2026 | $1,709 |
| March 2026 | $1,700 |
| April 2026 | $1,700 |
| Month | Median Rent |
|---|---|
| May 2024 | $2,046 |
| June 2024 | $2,035 |
| July 2024 | $1,979 |
| August 2024 | $1,958 |
| September 2024 | $1,939 |
| October 2024 | $1,925 |
| November 2024 | $1,992 |
| December 2024 | $1,929 |
| January 2025 | $1,920 |
| February 2025 | $1,926 |
| March 2025 | $1,898 |
| April 2025 | $1,889 |
| May 2025 | $1,843 |
| June 2025 | $1,865 |
| July 2025 | $1,895 |
| August 2025 | $1,877 |
| September 2025 | $1,805 |
| October 2025 | $1,779 |
| November 2025 | $1,838 |
| December 2025 | $1,880 |
| January 2026 | $1,748 |
| February 2026 | $1,743 |
| March 2026 | $1,737 |
| April 2026 | $1,787 |
Can I afford to live at 501 Yonge St #1345834P?
Bedrooms
Rent-to-income ratio
30%
$268,360/yr
The Village | Toronto, ON
West Don Lands • 432 Cherry St
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$2,633–$4,757
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1–2 Beds
$2,162–$6,032
Garden District • 30 Mutual St
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West Don Lands • 432 Cherry St
1–3 Beds
$2,633–$4,757
West Don Lands • 131 Mill St
1–2 Beds
$2,162–$6,032
Garden District • 30 Mutual St
Studio–3 Beds
$2,430–$5,770
Fashion District • 39 Niagara St
Studio–3 Beds
$2,042–$4,989
