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Apartments for Rent in Toronto, ON
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Learn more about renting in Toronto, ON
Toronto is an urban metropolis on the banks of the Lake Ontario where you can turn and see skyscrapers in one direction and sprawling blue waves and sky in the other.
With a location right above New York, you’ll notice an east coast edge mixed with Canadian charm. Go beer tasting and shopping in the Distillery District or watch the sunset from the top of CN tower, and let your artsy side fly in this eclectic city.
The provincial capital of Ontario and fifth largest city in North America, in 2015 Toronto was also named the safest in North America with its low crime rate. The primary language here is English, but you’ll find 160 different languages spoken across the city. Link a love lock, see some amazing theater, try out a local bar, go to a concert, whatever your style, you’ll find a niche for it here in Toronto.
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How much is the average rent in Toronto, ON for 1-bedroom and 2-bedroom apartments?
The average rent for a 1-bedroom apartment in Toronto, ON is approximately $2,273, while a 2-bedroom apartment averages around $2,897.
Are rents going up or down in Toronto, ON?
Rents in Toronto have been decreasing, with average prices dropping by about 4.6%. The average cost of a 1-bedroom has decreased by 2.1%, and 2-bedrooms have dropped by 3.1%.
When is the best time to look for an apartment in Toronto, ON?
December is the best time to look for an apartment in Toronto, as it is the least competitive month with lower demand, potentially offering better deals compared to the high demand in July.
What are the best neighborhoods to rent an apartment in Toronto, ON?
The best neighborhoods for social living include Cabbagetown and the University of Toronto area, while Islington-City Centre West and Parkdale are among the most in-demand areas.
What areas of Toronto, ON are best for budget-conscious renters?
Budget-conscious renters might consider Earlscourt, where rents are 24% lower than the city median, as well as Todmorden Village and Fairbanks, which also offer more affordable options.
Are there pet-friendly apartments in Toronto, ON?
Yes, Toronto is quite accommodating for pet owners, with over 67% of apartment listings being pet-friendly in some capacity.
Are utilities usually included in rent in Toronto, ON?
Utilities are included in about 14% of apartment listings in Toronto, so it's not the norm but available in some cases.
Methodology: How we got this data
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.