Median rent for residential apartments in Toronto, ON, Canada as of Oct, 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.
3,229 Toronto, ON, Canada apartments for rent
Housing Trends
How much is an apartment in Toronto, ON, Canada
Average apartment rent in Toronto: $3,873 (-11.9%)
| Rent Price | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $1,356 | +16.5% |
| 1-bed apartments | $2,836 | -1.4% |
| 2-bed apartments | $3,938 | -7.7% |
| 3-bed apartments | $4,662 | -4.9% |
| 4+ bed apartments | $6,317 | -12.1% |
Over the Oct 2022, the average rent for an apartment in/near Toronto, ON, Canada decreased by 11.9% to CA$3,873.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 1.4% to CA$2,836. Pricing for 2-bed apartment also decreased by 7.7% and a place of this size will now cost you CA$3,938. 3-bed apartment rent pricing starts at CA$4,662, it decreased by 4.9% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 12.1% and made it down to CA$6,317.
| Rent Type Price | Oct | vs Last Month |
|---|---|---|
| Apartments for rent | $3,885 | -12% |
| Houses for rent | $2,012 | -13.6% |
| Townhouses for rent | $4,199 | -23% |
| Rooms for rent | $862 | -24.7% |
| Condos for rent | $2,285 | +1.8% |
The median rent for an apartment in Toronto, ON, Canada decreased by 12% to CA$3,885. Statistics show that house rent price decreased by 13.6% this month making it up to CA$2,012. Condos faced an upward trend these days. The median rent for a condo increased by 1.8%, it’s now available for CA$2,285. An average room will now go for CA$862, the median rent price for a room decreased by 24.7%. The median rent for a townhouse decreased by 23%, you’ll have to spend around CA$4,199 to get one.