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.
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.