Apartments for Rent in North Toronto, Toronto, ON

North Toronto, Toronto apartment availability

North Toronto's rental market offers a very strong selection of listings, with an average of 263 rentals available each month in 2024. The majority of these listings are 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom units. Many of these apartments cater to pet owners, with over 80% allowing dogs, including small breeds, making this neighborhood a great option for those with furry friends. With its diverse range of rentals and pet-friendly amenities, North Toronto is a popular choice for renters in the city.

North Toronto, Toronto rental market trends

The North Toronto rental market experienced a decline in average rent prices over the past year, with a 4.5% decrease to $2,731 per month. Breaking it down by bedroom count, 1-bedrooms averaged $2,561 per month, a 3.2% decrease from the previous year. 2-bedrooms rented for approximately $3,314, a 2% decrease, while 3-bedrooms saw a slight increase of 2.2% to $4,919. Studio apartments averaged $2,052, a 2.3% decrease.

The rental market in North Toronto tends to fluctuate throughout the year, with April typically seeing the highest rent prices, 6.5% higher than December, the month with the lowest rent. If you're looking for a new apartment, December may be a good time to find a deal, as prices are generally lower. On the other hand, if you're looking to rent in the spring, be prepared for higher prices and more competition.

Why North Toronto, Toronto is a great place to live

North Toronto stands out for its commitment to environmental sustainability and vibrant social life. The neighborhood's focus on eco-friendliness is evident in its use of non-toxic paint, sustainable materials in construction, and initiatives like rainwater harvesting and community solar projects. Additionally, the area's walk score, transit score, and waste recycling programs make it an ideal location for those seeking a greener lifestyle. North Toronto's social scene thrives due to its excellent transit frequency, well-designed street infrastructure, safety, and abundance of shared spaces, making it easy for residents to connect with friends and community. Overall, North Toronto offers a unique blend of environmental responsibility and social connectivity, making it an attractive choice for like-minded individuals.