Apartments for Rent in The Annex, Toronto, ON

The Annex, Toronto apartment availability

The Annex offers a very strong selection of rental listings, with an average of 199 rentals available each month in 2024. The neighborhood's rental market is comprised mainly of 1-bedroom and studio apartments, with a smaller selection of 2-bedroom and 3-bedroom units. Many of these apartments offer popular amenities such as pet-friendliness, dishwashers, and on-site laundry, making The Annex a convenient and desirable place to live. With about 72% of apartments featuring dishwashers and 79% offering on-site laundry, renters can enjoy a range of modern comforts in this vibrant Toronto neighborhood.

The Annex, Toronto rental market trends

The Annex in Toronto saw a notable decline in rent prices over the past year, with an average monthly rent of $2,443, representing an 11.6% decrease from the previous year. Breaking it down by bedroom count, 1-bedrooms are averaging $2,420 per month, a relatively modest 1.8% decrease. In contrast, 3-bedrooms experienced a more significant drop of 17.3%, now averaging $4,420 per month. Studio apartments remained relatively stable, with a slight 0.2% decrease to $2,082 per month.

Rent prices in The Annex tend to fluctuate throughout the year, with September typically being the most expensive month, 10.1% higher than the lowest month, December. If you're looking for a new apartment, consider searching during the winter months, when prices are generally lower. Conversely, if you're looking to rent out a property, September may be the best time to capitalize on higher demand and prices. Keep in mind that these trends can help inform your decision, but it's essential to stay adaptable in the ever-changing rental market.

Why The Annex, Toronto is a great place to live

The Annex is a top choice for renters prioritizing social life and environmental sustainability. Our analysis of local apartments and amenities reveals a neighborhood that makes it easy to live an eco-friendly lifestyle. Features like non-toxic paint, waste recycling, and composting, rainwater harvesting, and community solar projects are common in many buildings. Additionally, the neighborhood's high walk score, transit score, and bikeability make it simple to get around without a car. The Annex is also ideal for those who value a vibrant social life, with its excellent street infrastructure, frequent public transportation, and high safety ratings. If you're looking for a community that shares your values and makes it easy to live sustainably and stay connected, The Annex is an excellent option.