Apartments for Rent in South Annex, Toronto, ON

South Annex, Toronto apartment availability

South Annex offers a strong selection of rental listings, with an average of 108 rentals available each month in 2024. The neighborhood's rental market is comprised of a mix of unit types, with 1-bedroom and 2-bedroom apartments making up the majority, followed by 3-bedroom apartments and studios. Many of these rentals feature desirable amenities, including central heat and air conditioning, which are available in approximately 65% of apartments. Additionally, pet owners will appreciate that over 62% of South Annex apartments are pet-friendly, making this neighborhood a great option for those with furry friends.

South Annex, Toronto rental market trends

The South Annex neighborhood in Toronto saw a significant decline in rent prices over the past year, with an average monthly rent decrease of 15% to $3,019. The average rent for a 1-bedroom apartment is now $2,503, down 17% from last year, while 2-bedrooms average $3,179, an 8.8% decrease. However, studios saw a 6.6% increase to $2,179.

The rental market in South Annex tends to fluctuate throughout the year, with March typically seeing the highest rent prices, 17% higher than the lowest month, June. If you're looking for a new apartment, June may be a good time to find a deal. On the other hand, if you're looking to rent out a property, March may be the best time to capitalize on higher demand. Keep in mind that these trends can impact the competitiveness of the market, so it's essential to plan accordingly.

Why South Annex, Toronto is a great place to live

South Annex stands out as a hub for environmentally conscious renters and those seeking a vibrant social life. The neighborhood's focus on sustainability is reflected in its widespread adoption of eco-friendly features, including non-toxic paint, rainwater harvesting, and community solar projects. Residents can also feel good about reducing their carbon footprint with convenient access to public transit, walkable streets, and comprehensive recycling programs. Meanwhile, the area's excellent walk score, frequent transit options, and well-designed street infrastructure make it an ideal spot for those who value a dynamic social life, with plenty of opportunities to get out and connect with the community. If you prioritize the health of the planet and a lively social scene, South Annex is an excellent choice.