Apartments for Rent in Malvern, Toronto, ON

Malvern, Toronto apartment availability

Malvern's rental market offers a good selection of listings, with an average of 15 rentals available each month. The majority of these listings are 1-bedroom and 2-bedroom apartments, with a smaller number of 3-bedroom apartments and studios also available. Many of these apartments offer popular amenities such as central heat, air conditioning, and in-unit laundry. Specifically, 42% of Malvern apartments feature central heat, 59% have air conditioning, and 52% offer the convenience of in-unit laundry. This mix of amenities and apartment types makes Malvern a viable option for renters with varying needs and priorities.

Malvern, Toronto rental market trends

Malvern's rental market saw a significant shift in 2024, with average monthly rents (all bed counts and property types) reaching $1,869.88, marking a substantial year-over-year decrease. The average rent for a 1-bedroom is around $1,566, while 2-bedrooms average $2,497, and 3-bedrooms average $2,194. Studios are renting for approximately $1,900 per month.

The summer months tend to see the most notable fluctuations in rent prices, with June typically experiencing the highest rents. Notably, June rents are about 48.8% higher than those in July, the month with the lowest average rent. This suggests that renters may find more affordable options during the summer, particularly in July. However, those searching for a new apartment in June can expect to pay a premium.

Why Malvern, Toronto is a great place to live

Malvern stands out as a hub for environmentally conscious living, making it an attractive choice for those prioritizing sustainability. The neighborhood's focus on eco-friendly practices is evident in the widespread use of non-toxic paint, sustainable materials in construction, and innovative features like rainwater harvesting and recycling systems. Community solar projects and energy-efficient thermostats further contribute to reducing the area's carbon footprint. With a strong transit score and walk score, residents can easily opt for greener transportation methods. Additionally, the incorporation of low-flow fixtures in homes underscores the community's commitment to conserving natural resources. For renters seeking a lifestyle that aligns with environmental sustainability, Malvern offers a compelling choice.