Apartments for Rent in Deer Park, Toronto, ON

Deer Park, Toronto apartment availability

Deer Park's rental market offers a good selection of listings, with an average of 92 rentals available each month in 2024. The majority of these rentals are 1-bedroom apartments, followed by 2-bedroom and studio apartments. Many of these apartments are pet-friendly, with over 87% allowing cats and dogs, making Deer Park a great option for renters with pets. With a range of amenities and a variety of apartment types, Deer Park is a popular choice for renters in Toronto.

Deer Park, Toronto rental market trends

Deer Park's rental market in Toronto has experienced a decline in prices over the past year. As of 2024, the average monthly rent for all property types stands at approximately $2,484, representing a 4% decrease from the previous year. Breaking it down by bedroom count, 1-bedrooms now average $2,391 per month, a modest 1.1% drop, while 2-bedrooms and 3-bedrooms have seen more significant decreases of 6.3% and 12.4%, respectively, to $3,144 and $4,517 per month. Studio apartments have remained relatively stable, with a 0.3% decrease to $1,959 per month.

The rental market in Deer Park tends to be more competitive in the fall, with October being the most expensive month, where rents are about 8.9% higher than in March, the least expensive month. For renters looking for a better deal, March may be a good time to explore available options.

Why Deer Park, Toronto is a great place to live

Deer Park stands out as a top choice for renters prioritizing social living and environmental sustainability. The neighborhood's focus on eco-friendliness is evident in its use of non-toxic paint, sustainable materials in construction, and incorporation of rainwater harvesting and recycling systems. Community solar projects and low-flow fixtures further contribute to its green credentials. With a strong walk score and transit frequency, Deer Park also facilitates a vibrant social life, offering easy access to shared spaces and ensuring a safe environment for residents to connect and engage with one another. Its well-designed street infrastructure adds to the neighborhood's appeal, making it an attractive option for those seeking a community-oriented and environmentally conscious lifestyle.