Last updated on June 19, 2026

Average rent in
Toronto, ON

Key takeaways for renters

  • Where Toronto rent stands today

    Toronto, ON rent slipped 3.2% year over year, with a current median of $2,400/month. Renters today are paying $87 less per month on average than last year, following a modest month-over-month increase of 1.0%.

  • Toronto runs 23.1% more expensive than the $1,950/month national median, positioning it as a pricier metro with 2,646 total rentals available. Renters face a market above the national median but with a variety of options.

  • Price ranges

    Studios in Toronto sit around $1,700/month, 1-bedrooms around $2,100/month, and 2-bedrooms around $2,720/month, with 3-bedrooms at $3,500/month and 4+ bedrooms at $4,225/month. Houses rent for a median of $3,050/month while apartments sit at $2,370/month, reflecting the city's diverse inventory composition.

  • Neighborhood spotlight

    Fort York rents rose 85.0% year over year to $4,533/month, Yorkville increased 52.1% to $4,054/month, and City Place climbed 43.5% to $4,018/month. These gains contrast with the citywide decline of 3.2%, showing strong hyperlocal growth in Toronto's most expensive neighborhoods.

Median rent

Median rent in Toronto

$2,400/mo

decreased by3%

vs previous year

The average rent in Toronto is $2,400 per month as of June 2026. This is 23% above the national average rent, or $450 more per month.

$3.73

average price per square foot

Total rentals

Available rentals in Toronto

2,646

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Toronto rentals at each price point

70%53%35%18%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Toronto, ON

Average rent prices in Toronto have increased by 1% over the last month and have decreased by 3% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Toronto, ON

Rent prices in Toronto vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Toronto is $2,370, whereas a house costs $3,050. 1-bedroom apartments in Toronto run $2,098 on average, while 2-bedroom apartments are $2,650.

Listings

Studio

$1,700

No Change

2%

1 bedroom

$2,100

1%

1%

2 bedroom

$2,720

1%

1%

3 bedroom

$3,500

1%

4%

4 bedroom

$4,225

17%

66%

Studio

Average rent

$1,700

Last 30 days

No Change

Last year

2%

1 bedroom

Average rent

$2,100

Last 30 days

1%

Last year

1%

2 bedroom

Average rent

$2,720

Last 30 days

1%

Last year

1%

3 bedroom

Average rent

$3,500

Last 30 days

1%

Last year

4%

4 bedroom

Average rent

$4,225

Last 30 days

17%

Last year

66%

The table above reflects average rent prices in Toronto, ON, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Toronto, ON compare to other cities?

Compare median rent prices in Toronto and Ajax by all bedroom counts and property types.

Toronto

Median rent price$2,400
increased by23%

higher than the national median

Median rent price$2,199
increased by13%

higher than the national median

Takeaway

The median rent for all rentals in Toronto, ON is 9% higher than the median rent in Ajax, ON.

Discover rentals in Toronto, ON

67 Scarden Ave - Photo 1 of 1

1d ago

Tam O'Shanter - Sullivan house for rent in Toronto

House for rent

Available May 1

Homewood Rooming - Photo 1 of 1

2d ago

8.9

Very good

Homewood Rooming

9 - 9 Homewood Ave, Toronto, ON M4Y 2J7

Studio

1 bath

$749

Apartment for rent

2d ago

Dorset Park Industiral townhouse for rent in Toronto

1 bed

1 bath

$800

House for rent

Wellesley Apartments Co-Living - Photo 1 of 1

1d ago

The Village apartment for rent in Toronto

Wellesley Apartments Co-Living

100 Wellesley St E, Toronto, ON M4Y 1H5

1 bed

1 bath

$875

Apartment for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Toronto, ON

Quick answers to common questions about the Toronto rental market.

How much is rent in Toronto?

The average rent in Toronto is $2,400 per month as of June 13, 2026.

Is rent up or down in Toronto?

Average rent prices in Toronto have increased by 1% over the last month and have decreased by 3% since last year.

How does Toronto rent compare to the national average?

Rent in Toronto is 23% above the national average, which means renters are paying approximately $450 more per month.

Which neighborhoods are most affordable in Toronto?

The most affordable neighborhoods in Toronto are Parkdale ($1,962/mo), The Village ($2,199/mo), and Forest Hill ($2,237/mo).

What salary do I need to afford rent in Toronto?

To comfortably afford rent in Toronto, you'd need to earn approximately $96,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Toronto?

Toronto's 2025 rental market shows 1-bedroom apartments averaging around $2,200 per month, while 2-bedroom units average around $2,800 monthly. These figures represent the current pricing across Canada's largest city, where 1-bedroom apartments make up 44% of available listings and 2-bedrooms account for 33% of the rental market.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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