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Rental GuideToronto, ON

Toronto rent data for:

As of today, you'll find 2,668 apartments for rent in Toronto, with a median rent price of $2,400 per month. Toronto has seen a 2%—or $63—decrease in median rent price compared to the previous year.

Apartments for rent

Average Rent

$2,400

Year Over Year Change

-2%

$63

Rentals available, last 30 days

2,668

Rent ranges for Toronto apartments
$6,001 - $50,000
2%
$4,501 - $6,000
3%
$3,001 - $4,500
18%
$1,501 - $3,000
73%
$0 - $1,500
4%

How has rent in Toronto, ON changed in the last two years?

The average rent in Toronto, ON, for rentals of all sizes and types, is $2,400, which is a 2.33% decrease year-over-year.

The monthly rent for 1-bedroom apartments in Toronto, ON is about $2,149. The average rent for 2-bedroom apartments in Toronto, ON is $2,750, and studios are about $1,791 per month.

See more Toronto, ON rent data on our rent research page.

What are some of the top neighborhoods in Toronto, ON?

Downtown Toronto
Downtown Toronto is a vibrant hub that pulses with energy, making it a favorite spot for many residents. The convenience of walking everywhere makes life easy, whether it's grabbing a latte, enjoying a leisurely brunch, or discovering the artistic flair of graffiti alley. This area is rich in history, showcasing the Old Toronto charm alongside modern attractions like the iconic CN Tower and the lively entertainment district. Living here means being close to cultural events and the scenic beauty of Lake Ontario, which adds to the city’s diverse lifestyle. The dynamic mix of people and activities creates a lively atmosphere that’s hard to resist, making it a sought-after place to call home.
New Toronto
New Toronto electrifies with its vibrant community spirit. This lively neighborhood is characterized by its mix of cozy brick houses and contemporary high-rise apartments. Strolling through the area reveals an inviting atmosphere, where tree-lined streets encourage friendly conversations among neighbors. Its proximity to the waterfront adds a unique charm, making it perfect for scenic walks and leisurely weekends by the lake. The bustling main road presents a variety of local businesses, providing a taste of daily life and local flavor. With parks close by, it’s easy to soak up the outdoors or join in with community events. New Toronto captures a diverse lifestyle with a welcoming vibe, perfect for anyone wanting to feel at home in the city.
Long Branch
Long Branch offers a delightful escape along the lakeshore, where the peaceful ambiance creates an inviting atmosphere. Residents enjoy leisurely strolls along scenic walking paths that wind beside sparkling waters, making every day feel like a mini getaway. The natural beauty of the area is complemented by a vibrant community spirit, where neighbors come together and celebrate local events. Families can take advantage of the parks and green spaces that provide plenty of room for outdoor activities and relaxation. Living in Long Branch feels like being part of a close-knit community while still being conveniently connected to the energetic heart of Toronto. It's truly a unique blend of tranquility and urban life.
Willowdale
Located in the northern part of Toronto, Willowdale offers a delightful suburban atmosphere that feels a world apart from the city’s hustle. Picture tree-lined streets with homes that showcase a mix of architectural styles, making each block a little different from the last. It's a fantastic spot for families, thanks to the abundance of schools and parks that create a vibrant community vibe. While getting around downtown may require a vehicle, the neighborhood's calm streets and local amenities provide a welcome retreat after a day in the city. With its friendly community and access to picturesque parks, Willowdale is a lovely gateway to Toronto life while retaining that suburban charm.
Thorncliffe Park
Thorncliffe Park is a fantastic blend of nature and community vibes, making it a delightful place to call home. The area features ample green space, providing plenty of options for outdoor activities, whether it's tossing a frisbee or enjoying a peaceful walk along the Lower Don River Trail. With the Ontario Science Centre as a local highlight, it’s an engaging spot for families and curious minds alike. Parks like ET Seton, Serena Gundy, and Sunnybrook allow for horseback riding, archery, and leisurely strolls, making weekends full of adventure. The vibrant communities here create a rich cultural tapestry that adds to the neighborhood's warmth and appeal, ensuring there's always something happening nearby.
The Peanut
The Peanut is a delightful neighborhood located in the northern stretches of Toronto, offering a refreshing break from the hustle and bustle of downtown life. The unique shape of its plaza, created by the intersection of Don Mills Road W and Don Mills Road E, gives the area a character all its own. This primarily residential community features spacious homes with generous front lawns, perfect for enjoying those sunny afternoons. Tree-lined streets provide a peaceful atmosphere and a great space for evening strolls. With easy access to Highway 401, commuting is a breeze, while the more affordable rental options make it an attractive choice for those looking to settle in a welcoming and spacious environment.
Stonegate ­Queensway
Stonegate-Queensway, often referred to as "Humber Bay," offers residents the beautiful backdrop of the Humber River and the expansive Lake Ontario. This neighborhood provides a lovely blend of nature and suburban living, featuring cozy apartment complexes that create a friendly atmosphere. Strolling along the waterfront reveals scenic views that change with the seasons, making each walk an adventure. There's a distinct sense of community here, with locals enjoying outdoor activities and scenic parks. While it feels like a peaceful retreat, the vibrant city center remains just a short trip away, allowing for easy access to urban amenities while still savoring a tranquil lifestyle.
Little Italy
Little Italy in Toronto is a lively neighborhood bursting with character and energy. Known for its vibrant community spirit, the area features a mix of colorful homes, many adorned with inviting front porches where neighbors often gather. The streets are lined with artistic touches, including striking murals on weathered brick walls, creating an inspiring backdrop. Living here means you're just a stone's throw away from a dynamic scene filled with diverse eateries and a lively nightlife. The atmosphere is always buzzing, making it easy to connect with others in the community while enjoying the lively street culture. It’s a part of the city that feels both familiar and full of surprises.
West Queen West
West Queen West has a vibrant, artistic flair that highlights the creativity of Toronto. Walking through the streets, it's hard not to notice the stunning murals and street art that cover numerous walls, adding a splash of color to everyday life. The neighborhood is just a stone's throw from Old Toronto, making it easy to enjoy a blend of historical and contemporary culture. Outdoor enthusiasts appreciate the quick access to the beautiful Toronto Islands, where refreshing escapes await. With the buzzing Entertainment District nearby, there’s always something going on, from art events to live shows. Plus, being close to the University of Toronto brings a youthful energy that keeps the area lively and dynamic.

How do residents get around Toronto, ON?

Residents or visitors looking to take public transit can hop on a subway or bus run by TTC to navigate Toronto and nearby areas.

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Driving

6/10
This area is close to freeways and has adequate parking options.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Scores for Toronto are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.

Satisfaction survey results for Toronto, ON

We surveyed 10,000 renters across the country about what it's like living in their cities and neighborhoods. In Toronto, 70% of residents reported feeling satisfied or very satisfied with the city overall, which is higher than the national average of 66%.

Top Three Reasons to Live in Toronto

Pet friendly

82%Satisfaction rating

Parks & recreation

74%Satisfaction rating

Nightlife

68%Satisfaction rating

Other Things to Consider

Public transportation
63%
Quality schools
62%
Weather
58%
Job market
54%
Dating scene
41%
Affordable housing
25%
Cost of living
14%

Data last updated in 2024. Do you live here? Take our survey and share your experience.

How we got this data

Explore rentals in Toronto, ON

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The Diamond - Photo 1 of 1
Featured
3D tour

8h ago

9.7

Excellent

Our team has verified this company

Verified

The Diamond

980 Lansdowne Ave, Toronto, ON M6H None

In-unit laundry | Air conditioning | Garage parking

1–3 beds

1–2 baths

$2,100–$3,901

Apartment for rent

Bela Square - Photo 1 of 1
Featured
Rent special

19h ago

9.7

Excellent

Our team has verified this company

Verified

Bela Square

100 Eastdale Ave, Toronto, ON M4C 0B6

In-unit laundry | Air conditioning | On-site laundry

1–3 beds

1–3 baths

$2,095–$4,050

Apartment for rent

The Whitney On Redpath - Photo 1 of 1
Featured
New construction

6m ago

10

Excellent

Our team has verified this company

Verified

The Whitney On Redpath

71 Redpath Ave, Toronto, ON M4S 0E1

In-unit laundry | Air conditioning | Garage parking

Studio–3 beds

1–3 baths

$1,995–$9,000

Apartment for rent

Available Apr 15

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