Apartments for Rent in Mount Dennis, Toronto, ON

Mount Dennis, Toronto apartment availability

Mount Dennis offers a good selection of rental listings, with an average of 21 listings available each month in 2024. The majority of rentals in the area are 1-bedroom and 2-bedroom apartments, with a smaller number of 3-bedroom units and studios also available. Many buildings in the area cater to pet owners, with 60% of apartments allowing small dogs and having pet-friendly policies with some restrictions. Additionally, 68% of apartments offer the convenience of on-site laundry facilities. These amenities make Mount Dennis a practical and appealing option for renters looking for a comfortable and convenient place to call home.

Mount Dennis, Toronto rental market trends

The Mount Dennis neighborhood in Toronto has experienced a significant shift in rent prices in 2024. The average monthly rent across all property types has decreased by 26% year-over-year to approximately $1,963. This decline is largely driven by decreases in 1-bedroom and 2-bedroom rentals, which have dropped by 3.6% and 11.5% respectively. In contrast, 3-bedroom rentals have seen a 10.3% increase, now averaging $3,586 per month. Studio rentals have also seen a modest 2.9% increase to $1,270 per month.

Renters looking for a deal in Mount Dennis should consider searching in May, when prices tend to be lowest. Conversely, January is the most expensive month, with rents averaging 43.7% higher than in May. Overall, the rental market in Mount Dennis appears to be experiencing a correction, presenting opportunities for renters to find more affordable options.

Why Mount Dennis, Toronto is a great place to live

Mount Dennis is a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, apartments in this neighborhood often feature eco-friendly amenities such as non-toxic paint, waste recycling, and rainwater harvesting. The area's high walk score and transit score also make it an ideal location for maintaining a sustainable lifestyle outside of the home. Additionally, Mount Dennis' strong social scene is supported by its walkable streets, reliable transit options, and safe community, making it easy for residents to connect with friends and neighbors. Overall, Mount Dennis offers a unique blend of eco-conscious living and social opportunities, making it a desirable neighborhood for like-minded renters.