How much is the average rent in Toronto, ON for 1-bedroom and 2-bedroom apartments?

Toronto's 2025 rental market shows 1-bedroom apartments averaging around $2,200 per month, while 2-bedroom units average around $2,800 monthly. These figures represent the current pricing across Canada's largest city, where 1-bedroom apartments make up 44% of available listings and 2-bedrooms account for 33% of the rental market.

When is the best time to look for an apartment in Toronto, ON?

December offers the best timing for apartment hunting in Toronto, featuring both the lowest seasonal rents and reduced competition among renters. April sees the highest rent with approximately a 4% difference from December pricing, while August and July bring the most competitive rental market with higher demand relative to available inventory.

What are the best neighborhoods to rent an apartment in Toronto, ON?

Bay Street Corridor, East Bayfront, and Saint Lawrence offer vibrant social scenes with high walk scores and excellent transit access for urban connectivity. For environmentally conscious renters, Baby Point, Glen Park, and Crescent Town provide comprehensive sustainability features including community solar projects, rainwater harvesting, and car-free living support.

What areas of Toronto, ON are best for budget-conscious renters?

The Junction provides excellent value with 1-bedroom apartments averaging around $1,600 monthly, representing 26% below the city median. Mount Dennis offers another affordable option at around $1,700 per month, 21% under the median rate, while Malvern features median rents around $1,600.

Are there pet-friendly apartments in Toronto, ON?

Toronto's rental market is highly accommodating to pet owners, with 75% of listings offering pet-friendly policies. This reflects the city's renter-friendly approach to companion animals across its strong selection of approximately 8,283 available rental listings per month.

Are utilities usually included in rent in Toronto, ON?

Utilities are rarely included in Toronto rental prices, appearing in less than 1% of listings across all apartment sizes. Studios, 1-bedrooms, 2-bedrooms, and 3-bedrooms each show utilities included in approximately 0.03% to 0.04% of available units, making separate utility payments the standard expectation.