Apartments for Rent in Little Portugal, Toronto, ON

Little Portugal, Toronto apartment availability

Little Portugal's rental market offers a good selection of listings, with an average of 53 rentals available each month. The neighborhood's rental stock is diverse, with a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as studios. Many of these apartments are pet-friendly, with 67% allowing pets, making Little Portugal a great option for renters with furry friends. The area's charming atmosphere and proximity to amenities make it a desirable choice for those looking for a vibrant and convenient place to call home.

Little Portugal, Toronto rental market trends

The Little Portugal neighborhood in Toronto saw a significant decrease in rent prices over the past year, with an average monthly rent of $2,841, reflecting a 14.6% year-over-year decline. Breaking it down by bed count, 1-bedrooms are averaging $2,336 per month, a 9.3% decrease from the previous year. The average rent for a 2-bedroom is around $3,272, while studios are averaging $2,023 per month, with a modest 1.8% increase.

The rental market in Little Portugal tends to fluctuate throughout the year, with February typically seeing the highest rent prices, 27.7% higher than the lowest month, August. If you're looking for a new apartment, August may be a good time to find a deal. On the other hand, if you're looking to rent out a property, February is likely to be the most lucrative month. Keep in mind that these trends can help inform your decision, whether you're a renter or a landlord.

Why Little Portugal, Toronto is a great place to live

Little Portugal is a haven for renters prioritizing environment sustainability and a vibrant social life. With a strong focus on eco-friendly living, apartments in this neighborhood often feature non-toxic paint, waste recycling, rainwater harvesting, and sustainable materials in construction. The area's commitment to reducing its carbon footprint is also reflected in its community solar projects and low-flow fixtures.

For those seeking an active social life, Little Portugal's excellent transit score, high-frequency transit options, and well-maintained street infrastructure make it easy to get around. Additionally, the neighborhood's strong safety record and high walk score ensure a pleasant and secure experience for residents exploring local amenities on foot. If you value a community that shares your passion for sustainability and social connection, Little Portugal is an excellent choice.