Apartments for Rent in Oakwood - Vaughn, Toronto, ON

Oakwood - Vaughn, Toronto apartment availability

Oakwood - Vaughn's rental market offers a good selection of listings, with an average of 46 rentals available each month in 2024. The neighborhood's rental inventory is relatively balanced, with 1-bedroom, 2-bedroom, and studio apartments making up the majority of listings. Many of these apartments are pet-friendly, with over 70% allowing small pets or having pet-friendly restrictions in place. This makes Oakwood - Vaughn a great option for renters with furry friends. With a range of bedroom options and pet-friendly amenities, Oakwood - Vaughn is a neighborhood worth considering for those looking for a rental in Toronto.

Oakwood - Vaughn, Toronto rental market trends

The Oakwood-Vaughn neighborhood in Toronto saw a significant decrease in rent prices over the past year, with an average monthly rent of $2,254, reflecting a 14.8% year-over-year decline. Breaking it down by bedroom count, 1-bedrooms are averaging $2,025 per month, a 4% decrease from the previous year. The average rent for a 2-bedroom is around $2,634, while studios are averaging $1,699.

The rental market in Oakwood-Vaughn tends to fluctuate throughout the year, with February typically seeing the highest rent prices, 20.7% higher than the lowest month, November. If you're looking for a new apartment, November may be a good time to find a deal. On the other hand, if you're looking to rent out a property, February is likely to be the most lucrative month. In terms of competition, it's essential to be prepared during the peak months, as the demand for rentals can be high. Conversely, the winter months may offer a more relaxed rental market, with fewer people searching for apartments.

Why Oakwood - Vaughn, Toronto is a great place to live

Oakwood-Vaughn stands out for its commitment to environmental sustainability and vibrant social life. The neighborhood's focus on eco-friendly living is evident in its use of non-toxic paint, waste recycling, rainwater harvesting, and community solar projects. Residents can also enjoy a reduced carbon footprint thanks to the area's walk score, transit score, and sustainable materials used in construction. Social butterflies will appreciate the neighborhood's safety, well-maintained street infrastructure, and frequent transit options, making it easy to get around and meet up with friends. Overall, Oakwood-Vaughn offers a unique blend of green living and social connectivity, making it an attractive choice for like-minded renters.