Apartments for Rent in Wallace Emerson, Toronto, ON

Wallace Emerson, Toronto apartment availability

Wallace Emerson's rental market offers a good selection of listings, with an average of 47 rentals available each month. The neighborhood's rental inventory is relatively balanced, with 1-bedroom, 2-bedroom, and studio apartments making up the majority of listings. Many of these apartments cater to pet owners, with over 61% allowing pets with some restrictions. This makes Wallace Emerson a great option for renters with furry friends. With a range of bedroom options and pet-friendly amenities, Wallace Emerson is a neighborhood worth considering for those looking for a rental in Toronto.

Wallace Emerson, Toronto rental market trends

The Wallace Emerson neighborhood in Toronto saw a decline in average monthly rent by about 6% last year, settling at around $2,285. 1-bedrooms are renting for an average of $2,218 per month, a slight increase of 0.6% from the previous year. The average rent for a 2-bedroom is approximately $2,610, while studios are averaging around $1,633.

The rental market in Wallace Emerson tends to fluctuate throughout the year, with February typically seeing the highest rent prices, about 29% higher than the lowest month, August. If you're searching for a new apartment, August may be a good time to find a deal. On the other hand, if you're looking to rent in the winter, be prepared for higher prices. In terms of competition, it's essential to be prepared during the peak season, as the most competitive months often see more demand than available inventory.

Why Wallace Emerson, Toronto is a great place to live

Wallace Emerson is a top choice for renters prioritizing social living and environmental sustainability. The neighborhood's high transit score, well-developed street infrastructure, and frequent transit options make it easy to get around and connect with friends. Additionally, its strong walk score and safety features contribute to a vibrant social scene. For those focused on eco-friendliness, Wallace Emerson stands out with its use of non-toxic paint, rainwater harvesting, and community solar projects. Many apartments also incorporate sustainable materials, low-flow fixtures, and recycling programs, making it simple to maintain a green lifestyle at home and in the community.