Apartments for Rent in Smithfield, Toronto, ON

Smithfield, Toronto apartment availability

Smithfield's rental market offers a good selection of listings, with an average of 23 rentals available each month. The majority of these rentals are 2-bedroom apartments, followed by 3-bedroom and 1-bedroom units. Many of these apartments offer desirable amenities, including assigned parking, on-site laundry, and elevator access, which are available in over 80% of the apartments. With a range of unit types and amenities, Smithfield is a great option for renters looking for a convenient and comfortable place to call home.

Smithfield, Toronto rental market trends

The Smithfield, Toronto rental market experienced a significant shift in 2024, with average monthly rents (all bed counts and property types) decreasing to $2,732.51, a 100% drop from the previous year. Breaking it down by bed count, 1-bedrooms averaged $1,950.38, 2-bedrooms $2,712.64, 3-bedrooms $3,229.73, and studios $1,871.90, all of which saw a 100% decrease from 2023.

Rents in Smithfield tend to fluctuate throughout the year, with April typically seeing the highest rent prices, 7.82% higher than January, the month with the lowest rent. This suggests that spring may be a more competitive time for renters, while winter may offer more affordable options. However, it's essential to note that the rental market can be unpredictable, and these trends may not hold true in future years.

Why Smithfield, Toronto is a great place to live

Smithfield is a neighborhood that aligns with the values of environmentally conscious and socially active individuals. Our analysis of local amenities and apartment features reveals a strong focus on sustainability, with many buildings incorporating eco-friendly elements such as non-toxic paint, rainwater harvesting, and low-flow fixtures. The area's commitment to community solar projects and sustainable construction materials further solidifies its reputation as a hub for environmental sustainability. Additionally, Smithfield's excellent transit score, walk score, and street infrastructure make it an ideal location for those who value a vibrant social life, with easy access to various transportation options and a safe, pedestrian-friendly environment. If you prioritize the health of the planet and enjoy being connected to your community, Smithfield is an excellent choice.