Median rent for residential apartment in Toronto, ON, Canada as of Aug, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
2,795 Toronto, ON, Canada apartments for rent
Housing Trends
How much is an apartment in Toronto, ON, Canada
Average rent in Toronto: $3,930 (-5.6%)
| Rent Price | Aug | vs Last Month |
|---|---|---|
| Studio rentals | $2,291 | +15.9% |
| 1 bed rentals | $2,722 | -13.6% |
| 2 bed rentals | $3,838 | +5.2% |
| 3 bed rentals | $4,529 | -6.1% |
| 4+ bed rentals | $6,180 | -12.7% |
Over the Aug 2022, the average rent for an apartment in/near Toronto, ON, Canada decreased by 5.6% to CA$3,930.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 13.6% to CA$2,722. Pricing for 2-bed apartment also increased by 5.2% and a place of this size will now cost you CA$3,838. 3-bed apartment rent pricing starts at CA$4,529, it decreased by 6.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 12.7% and made it down to CA$6,180.
| Rent Type Price | Aug | vs Last Month |
|---|---|---|
| Apartment rentals | $3,982 | -4.7% |
| Townhouse rentals | $3,479 | -43.2% |
| Room rentals | $1,117 | +16% |
| House rentals | $1,859 | +0.5% |
| Condo rentals | $2,942 | +17.6% |
The median rent for an apartment in Toronto, ON, Canada decreased by 4.7% to CA$3,982. Statistics show that house rent price increased by 0.5% this month making it up to CA$1,859. Condos faced an upward trend these days. The median rent for a condo increased by 17.6%, it’s now available for CA$2,942. An average room will now go for CA$1,117, the median rent price for a room increased by 16%. The median rent for a townhouse decreased by 43.2%, you’ll have to spend around CA$3,479 to get one.