Average Rent in City Place, Toronto, ON and Rent Price Trends

Rent trends in City Place, Toronto, ON

Average rent prices in City Place have increased by 4% over the last month and have increased by 44% 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
City Place, Toronto, ON

Rent prices in City Place vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in City Place is $5,193, whereas a house costs $2,400. 1-bedroom apartments in City Place run $4,200 on average, while 2-bedroom apartments are $6,259.


Studio	$2,281	12%	-
1 bedroom	$2,550	11%	1%
2 bedroom	$3,942	14%	4%
3 bedroom	$5,137	14%	64%

		Listings
Fashion District	$2,957
Grange Park	$3,028
Little Portugal	$2,837
Niagara	$3,470
Regent Park	$2,835
South Annex	$2,750


Apartments	$5,193	19%	No Change
Condos	$2,600	40%	No Change
Houses	$2,400	No Change	-

Studio

Average rent

$2,281

Last 30 days

12%

1 bedroom

Average rent

$2,550

Last 30 days

11%

Last year

2 bedroom

Average rent

$3,942

Last 30 days

14%

Last year

3 bedroom

Average rent

$5,137

Last 30 days

14%

Last year

64%

The table above reflects average rent prices in City Place, 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 City Place, Toronto, ON compare to other neighborhoods?

Compare median rent prices in City Place and Fashion District by all bedroom counts and property types.

City Place

Median rent price$4,018

106%

higher than the national median

Median rent price$2,957

52%

higher than the national median

Takeaway

The median rent for all rentals in City Place, Toronto, ON is 36% higher than the median rent in Fashion District, Toronto, ON.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$2,957

$3,028

$2,837

$3,470

$2,835

$2,750

Discover rentals in City Place, Toronto, ON

85 Queens Wharf Road Large Size Studio Unit For Rent, Water included - Photo 1 of 1

5d+ ago

8.8

Very good

85 Queens Wharf Road Large Size Studio Unit For Rent, Water included

85 Queens Wharf Rd, Toronto, ON M5V 0J9

Studio

1 bath

$1,990

Apartment for rent

5d+ ago

City Place apartment for rent in Toronto

Studio

1 bath

$2,100

$1,990

Price drop

Apartment for rent

Available Jun 15

21 Grand Parade - City Place (Pha #323 - Photo 1 of 1

2d ago

City Place townhouse for rent in Toronto

323 - 21 Iceboat Terrace - 323

21 Grand Parade - City Place (Pha #323, Toronto, ON M5V 4A9

1 bed

1 bath

$2,400

$2,295

Price drop

House for rent

Available Jul 15

5d+ ago

Verified

25 Capreol Court #2701, Toronto, ON M5V 3Z7

1 bed

1 bath

$2,300

Condo for rent

Available Jun 1

70 Queens Wharf Road #705 - Photo 1 of 1

5d+ ago

City Place condo for rent in Toronto

70 Queens Wharf Road #705, Toronto, ON M5V 0J2

1 bed

1 bath

$2,300

Condo for rent

Available May 1

2d ago

City Place condo for rent in Toronto

19 Bathurst St #3715, Toronto, ON M5V 0N2

1 bed

1 bath

$2,400

Condo for rent

2d ago

City Place condo for rent in Toronto

1 bed

1 bath

$2,400

Condo for rent

5d+ ago

City Place apartment for rent in Toronto

1 bed

1 bath

$2,400

Apartment for rent

Available Jul 1

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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 City Place, Toronto, ON

Quick answers to common questions about the City Place rental market.

How much is rent in City Place?

The average rent in City Place is $4,018 per month as of June 13, 2026.

Is rent up or down in City Place?

Average rent prices in City Place have increased by 4% over the last month and have increased by 44% since last year.

How does City Place rent compare to the national average?

Rent in City Place is 106% above the national average, which means renters are paying approximately $2,068 more per month.

What salary do I need to afford rent in City Place?

To comfortably afford rent in City Place, you'd need to earn approximately $161,000/year, based on spending no more than 30% of your income on rent.

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).

Apartments for rent in Brampton

Apartments for rent in Burlington

Apartments for rent in Hamilton

Apartments for rent in Markham

Apartments for rent in Mississauga

Apartments for rent in Niagara Falls

Apartments for rent in Oakville

Apartments for rent in Oshawa

Apartments for rent in St. Catharines

Apartments for rent in Toronto

Apartments for rent in Vaughan