Apartments for Rent in Cabbagetown, Toronto, ON

Cabbagetown, Toronto apartment availability

Cabbagetown's rental market offers a good selection of listings, with an average of about 70 rentals available each month. The majority of these listings are 1-bedroom apartments, followed by 2-bedroom apartments and studios. Many of these apartments are pet-friendly, with over 78% allowing small pets or having pet-friendly restrictions in place. This makes Cabbagetown a great option for renters with furry friends. With a range of apartment types and pet-friendly amenities, Cabbagetown is a neighborhood worth considering for those looking for a new place to call home.

Cabbagetown, Toronto rental market trends

Cabbagetown's rental market experienced a year-over-year decrease of approximately 5.8%, with the average monthly rent for all bed types and properties now sitting at around $2,631. Despite this overall decline, 1-bedroom units saw a significant increase of 24% to an average of $2,343 per month. In contrast, 2-bedroom units remained relatively stable, with a slight decrease of 0.2% to an average of $3,149 per month. Studios, however, saw a decline of 10.4% to an average of $1,662 per month.

The rental market in Cabbagetown tends to fluctuate throughout the year, with February typically seeing the highest rents. In fact, rents in February are around 47% higher than in December, the month with the lowest average rent. If you're looking for a new apartment, December may be a good time to find a deal, but be aware that the selection may be limited. On the other hand, if you're looking to rent in the winter, be prepared for potentially higher prices in February.

Why Cabbagetown, Toronto is a great place to live

Cabbagetown stands out as a top choice for renters prioritizing social living and environmental sustainability. The neighborhood's high transit score, frequent transit options, well-maintained street infrastructure, and excellent walk score make it an ideal location for those who value easy access to social activities and community engagement. Additionally, Cabbagetown's focus on sustainability is evident in its use of non-toxic paint, rainwater harvesting, community solar projects, and incorporation of sustainable materials in construction, making it a haven for eco-conscious renters. With its unique blend of social and environmental benefits, Cabbagetown offers a distinctive lifestyle that sets it apart from other Toronto neighborhoods.