Median rent for residential apartments in Toronto, ON, Canada as of Jan, 2023.
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.
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4,531 Toronto, ON, Canada apartments for rent
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Housing Trends
How much is an apartment in Toronto, ON, Canada
Average apartment rent in Toronto: $2,776 (-10.5%)
| Rent Price | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $2,721 | +36.9% |
| 1-bed apartments | $2,234 | -11% |
| 2-bed apartments | $2,878 | -15.1% |
| 3-bed apartments | $3,369 | -14.4% |
| 4+ bed apartments | $4,860 | +3.2% |
Over the Jan 2023, the average rent for an apartment in/near Toronto, ON, Canada decreased by 10.5% to CA$2,776.
Compared to the last month, the average price for a rental studio in Toronto, ON, Canada has increased by 36.9%. You can expect to rent the studio for CA$2,721 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 11% to CA$2,234. Pricing for 2-bed apartment also decreased by 15.1% and a place of this size will now cost you CA$2,878. 3-bed apartment rent pricing starts at CA$3,369, it decreased by 14.4% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 3.2% and made it up to CA$4,860.
| Rent Type Price | Jan | vs Last Month |
|---|---|---|
| Townhouses for rent | $3,248 | +0% |
| Houses for rent | $1,670 | +22.7% |
| Apartments for rent | $2,797 | -10.4% |
| Rooms for rent | $1,115 | +11.3% |
| Condos for rent | $3,063 | N/A |
The median rent for an apartment in Toronto, ON, Canada decreased by 10.4% to CA$2,797. Statistics show that house rent price increased by 22.7% this month making it up to CA$1,670. Condo for rent is now available for the same pricing as previously — CA$3,063. An average room will now go for CA$1,115, the median rent price for a room increased by 11.3%. Townhouse rent pricing didn’t change, the price still starts at CA$3,248.
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