Apartments for Rent in Parkdale, Toronto, ON

Parkdale, Toronto apartment availability

Parkdale's rental market offers a strong selection of listings, with an average of 136 rentals available each month in 2024. The neighborhood's rental inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and studio apartments, with a smaller number of 3-bedroom units. Many Parkdale apartments cater to pet owners, with over 74% allowing pets, although some may have restrictions. This makes Parkdale a great option for renters with furry friends. With its varied housing stock and pet-friendly amenities, Parkdale is a neighborhood worth considering for those searching for a rental in Toronto.

Parkdale, Toronto rental market trends

Parkdale's rental market experienced a slight decline in 2024, with average monthly rents decreasing by 1.8% to $2,166. 1-bedroom units saw a modest 0.6% increase, averaging $2,175 per month, while 2-bedrooms remained relatively stable, with a 0.06% increase to $2,889. Studio apartments averaged $1,821, a 1% increase from the previous year. In contrast, 3-bedroom units experienced a significant 14.4% decrease, with average rents dropping to $3,759.

The rental market in Parkdale tends to fluctuate throughout the year, with April typically seeing the highest rents. However, the difference between the highest and lowest months is relatively modest, with April's rents being only 3.9% higher than June's. If you're looking for a new apartment, June might be a good time to find a deal. Keep in mind that the rental market can be competitive, but the relatively stable prices throughout the year may make it easier to find a suitable apartment.

Why Parkdale, Toronto is a great place to live

We've analyzed data from recent years to understand what makes Parkdale an attractive neighborhood for renters. Our findings suggest that Parkdale is an excellent fit for individuals who value a vibrant social life and prioritize environmental sustainability.

The neighborhood's high transit score, well-designed street infrastructure, and frequent transit options make it easy to get around without a car. Additionally, its excellent walk score and safety features ensure a pleasant and secure walking experience. For those who prioritize the environment, Parkdale's focus on sustainability is evident in its use of non-toxic paint, waste recycling and composting programs, and incorporation of sustainable materials in construction. The presence of community solar projects, low-flow fixtures, and thermostats further contribute to the neighborhood's eco-friendly reputation. If you're looking for a community that shares your values, Parkdale is definitely worth considering.