Last updated on September 18, 2026

Average rent in
Toronto, ON

Key takeaways for renters

  • The bottom line

    Toronto, ON rent slipped 2.5% year over year, with a current median of $2,399/month. Renters today are paying $46 less per month on average than last year, while month-to-month rent is essentially flat.

  • Toronto runs 26.3% more expensive than the $1,900/month national median, positioning it as a pricier metro with 2,173 total rentals available across the city.

  • Price ranges

    Studios in Toronto rent for about $1,730/month, 1-bedrooms for $2,099/month, and 2-bedrooms for $2,750/month, with 3-bedrooms at $3,650/month and 4+ bedrooms at $4,250/month. Apartments make up 72.5% of rentals, renting at a median of $2,350/month compared to houses at $3,275/month.

  • Neighborhood spotlight

    Bridle Path rents fell 87.9% year over year to $2,150/month across 12 rentals, while Lawrence Park and Old Mill also saw declines of 62.8% and 54.7% respectively. These drops contrast with the citywide decline of 2.5% and show localized shifts in Toronto's rental market.

Median rent

Median rent in Toronto

$2,399/mo

decreased by2%

vs previous year

The average rent in Toronto is $2,399 per month as of September 2026. This is 26% above the national average rent, or $499 more per month.

$3.72

average price per square foot

Total rentals

Available rentals in Toronto

2,173

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Toronto rentals at each price point

75%56%38%19%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 remained the same over the last month and have decreased by 2% 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 $2,350, whereas a house costs $3,275. 1-bedroom apartments in Toronto run $2,079 on average, while 2-bedroom apartments are $2,641.

Listings

Studio

$1,730

1%

6%

1 bedroom

$2,099

No Change

5%

2 bedroom

$2,750

No Change

1%

3 bedroom

$3,650

2%

1%

4 bedroom

$4,250

1%

24%

Studio

Average rent

$1,730

Last 30 days

1%

Last year

6%

1 bedroom

Average rent

$2,099

Last 30 days

No Change

Last year

5%

2 bedroom

Average rent

$2,750

Last 30 days

No Change

Last year

1%

3 bedroom

Average rent

$3,650

Last 30 days

2%

Last year

1%

4 bedroom

Average rent

$4,250

Last 30 days

1%

Last year

24%

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$2,399
increased by26%

higher than the national median

Median rent price$2,199
increased by16%

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

53 Jeavons Avenue - Photo 1 of 1

19h ago

Birchmount Park house for rent in Toronto

9 Albany Avenue - Photo 1 of 1

5d+ ago

The Annex apartment for rent in Toronto

4 Camilla Cres #3 - Photo 1 of 1

5d+ ago

Clairlea house for rent in Toronto

4 Camilla Crescent - 3

4 Camilla Cres #3, Toronto, ON M1L 1Z1

1 bed

1 bath

$1,000

Queen St E & Woodbine Ave - Photo 1 of 1

5d+ ago

The Beaches apartment for rent in Toronto

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 $2,399 per month as of September 12, 2026.

Is rent up or down in Toronto?

Average rent prices in Toronto have remained the same over the last month and have decreased by 2% since last year.

How does Toronto rent compare to the national average?

Rent in Toronto is 26% above the national average, which means renters are paying approximately $499 more per month.

Which neighborhoods are most affordable in Toronto?

The most affordable neighborhoods in Toronto are Forest Hill ($2,200/mo), Davisville Village ($2,250/mo), and North Toronto ($2,449/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?

December offers the best timing for apartment hunting in Toronto, with the lowest seasonal rents and reduced competition compared to peak months like July and August.

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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