Last updated on October 30, 2026

Average rent in
City Place, Toronto, ON

Median rent

Median rent in City Place

$2,525/mo

decreased by10%

vs previous year

The average rent in City Place is $2,525 per month as of October 2026. This is 33% above the national average rent, or $625 more per month.

$3.51

average price per square foot

Total rentals

Available rentals in City Place

18

for rent on Zumper.com as of October 2026

Rent price distribution

Share of City Place rentals at each price point

80%60%40%20%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in City Place, Toronto, ON

Average rent prices in City Place have increased by 2% over the last month and have decreased by 10% 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 $3,195, whereas a house costs $11,000. 1-bedroom apartments in City Place run $2,845 on average, while 2-bedroom apartments are $4,000.

Listings

Studio

$2,285

5%

2%

1 bedroom

$2,575

No Change

10%

2 bedroom

$2,595

2%

19%

3 bedroom

$5,000

31%

3%

4 bedroom

$11,000

No Change

-

Studio

Average rent

$2,285

Last 30 days

5%

Last year

2%

1 bedroom

Average rent

$2,575

Last year

10%

2 bedroom

Average rent

$2,595

Last 30 days

2%

Last year

19%

3 bedroom

Average rent

$5,000

Last 30 days

31%

Last year

3%

4 bedroom

Average rent

$11,000

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$2,525
increased by33%

higher than the national median

Median rent price$2,800
increased by47%

higher than the national median

Takeaway

The median rent for all rentals in City Place, Toronto, ON is 10% lower than the median rent in Fashion District, Toronto, ON.

Discover rentals in City Place, Toronto, ON

17 Bathurst Street - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

2 beds

1 bath

$2,300

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Spadina Ave. & Front St W - Photo 1 of 1

5d+ ago

City Place condo for rent in Toronto

2 beds

1 bath

$2,450

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
38 Dan Leckie Way #3007 - Photo 1 of 1

5d+ ago

City Place condo for rent in Toronto

2 beds

1.5 baths

$2,550

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Spadina Ave. & Front St W #512D - Photo 1 of 1

5d+ ago

City Place condo for rent in Toronto

2 beds

1 bath

$2,595

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.

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 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 $2,525 per month as of October 24, 2026.

Is rent up or down in City Place?

Average rent prices in City Place have increased by 2% over the last month and have decreased by 10% since last year.

How does City Place rent compare to the national average?

Rent in City Place is 33% above the national average, which means renters are paying approximately $625 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 $101,000/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).

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