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Houses for Rent in Toronto, ON

Showing results 1 - 30 of 17565

Discover an array of houses for rent in Toronto on Square Yards Canada. Our comprehensive Toronto rental listings cater to different needs, offering properties such as freeholds, condos, and townhouses. If you want to filter out your research for a less time-consuming process, our page gives you the option to choose your preferences. You can filter by price range, property size, number of bedrooms and bathrooms, and amenities like gyms and visitor parking. Explore the latest rental MLS listings in Toronto to find your ideal rental house. Start your search today and uncover the best homes for rent in Toronto.


Last Updated: April 17, 2025
  • New Listings
  • Price(Lo-Hi)
  • Price(Hi-Lo)
  • Bedrooms(Hi-Lo)
  • Bathrooms(Hi-Lo)
  • Square Feet(Lo-Hi)
  • Square Feet(Hi-Lo)
2 Photos
Last Updated : 5 Hours ago
251 Jarvis Street, Toronto, ON , MLS #C12090522 , Image - 1
Unit-1023, 251 Jarvis Street Church-Yonge Corridor, Toronto, ON MLS® C12090522

Residential Condo & Other (Condo Apartment)

$1,895
  • 1 Beds
  • 1 Baths
  • 0-499 sq-ft
CLOSE TO RYERSON, WALKING TO DUNDAS SQ. STEEL APPLIANCES, LARGE 1 BD RM APPROX 492 SQ FT. PERFECT FOR COUPLE, UPGRADED FLOORS AND KITCHEN CABINETS.1 Y
6 Photos
Last Updated : 5 Hours ago
33 Charles Street E, Toronto, ON , MLS #C12090563 , Image - 1
Unit-1410, 33 Charles Street E Church-Yonge Corridor, Toronto, ON MLS® C12090563

Residential Condo & Other (Condo Apartment)

$2,000
  • 1 Baths
  • 0-499 sq-ft
Chic Armani designed Bachelor Unit | Prime Downtown Toronto Living! Welcome to urban sophistication at its finest! This beautifully designed bachelor
12 Photos
Last Updated : 5 Hours ago
1037 Bathurst Street, Toronto, ON , MLS #C12068349 , Image - 1
Unit-3, 1037 Bathurst Street Annex, Toronto, ON MLS® C12068349

Residential Freehold (Upper Level)

$2,050
price drop iconReduced by 2.4%
  • 1 Beds
  • 1 Baths
39 Photos
Last Updated : 5 Hours ago
225 Sherway Gardens Road, Toronto, ON , MLS #W12090448 , Image - 1
Unit-3110, 225 Sherway Gardens Road Islington-City Centre West, Toronto, ON MLS® W12090448

Residential Condo & Other (Condo Apartment)

$2,600
  • 1 +1 Beds
  • 1 Baths
  • 500-599 sq-ft
7 Photos
Last Updated : 6 Hours ago
55 Charles Street E, Toronto, ON , MLS #C12065241 , Image - 1
Unit-3506, 55 Charles Street E Church-Yonge Corridor, Toronto, ON MLS® C12065241

Residential Condo & Other (Condo Apartment)

$4,000
price drop iconReduced by 38.5%
  • 3 Beds
  • 2 Baths
  • 900-999 sq-ft
This brand-new unit at 55 Charles Street East offers modern living with luxurious features and unbeatable convenience. The unit includes an EV charger
13 Photos
Last Updated : 6 Hours ago
8 Wellesley Street W, Toronto, ON , MLS #C12088082 , Image - 1
Unit-3206, 8 Wellesley Street W Bay Street Corridor, Toronto, ON MLS® C12088082

Residential Condo & Other (Condo Apartment)

$2,150
  • 1 Beds
  • 1 Baths
  • 0-499 sq-ft
High Floor, 10' ceiling, Enjoy the beautiful cityview! Never Lived Brand New !Downtown Core Area. Open Concept Of Kitchen With Quartz Countertop And H
20 Photos
Last Updated : 6 Hours ago
17 Melville Avenue, Toronto, ON , MLS #W11970478 , Image - 1
17 Melville Avenue Dovercourt-Wallace Emerson-Junction, Toronto, ON MLS® W11970478

Residential Freehold (Semi-Detached )

$4,500
  • 3 +1 Beds
  • 1 Baths
  • 1100-1500 sq-ft
Christie & Dupont!! Entire 2-Storey Home w/Double Garage For Lease! Fantastic main floor living area with comb'd Living/Dining Rooms. Large eat-in kit
13 Photos
Last Updated : 6 Hours ago
33 Charles Street E, Toronto, ON , MLS #C12087676 , Image - 1
Unit-2403, 33 Charles Street E Church-Yonge Corridor, Toronto, ON MLS® C12087676

Residential Condo & Other (Condo Apartment)

$3,300
  • 1 Beds
  • 1 Baths
  • 700-799 sq-ft
13 Photos
Last Updated : 6 Hours ago
95 Mcmahon Drive, Toronto, ON , MLS #C12016727 , Image - 1
95 Mcmahon Drive
Unit-2205, 95 Mcmahon Drive Bayview Village, Toronto, ON MLS® C12016727

Residential Condo & Other (Condo Apartment)

$2,500
  • 1 Beds
  • 1 Baths
  • 500-599 sq-ft
Welcome To This Beautiful ONE Bedroom Unit At Seasons Condos By Concord. One of The Most Luxurious Condominiums In North York! Unit Features Premium B
18 Photos
Last Updated : 6 Hours ago
33 Charles Street E, Toronto, ON , MLS #C12087672 , Image - 1
Unit-1005, 33 Charles Street E Church-Yonge Corridor, Toronto, ON MLS® C12087672

Residential Condo & Other (Condo Apartment)

$3,600
  • 2 Beds
  • 1 Baths
  • 800-899 sq-ft
18 Photos
Last Updated : 6 Hours ago
11 Lee Centre Drive, Toronto, ON , MLS #E12085284 , Image - 1
Unit-2011, 11 Lee Centre Drive Woburn, Toronto, ON MLS® E12085284

Residential Condo & Other (Condo Apartment)

$2,800
  • 2 Beds
  • 2 Baths
  • 800-899 sq-ft
STUNNING 2-BEDROOM CONDO IN PRIME SCARBOROUGH LOCATION! Discover modern urban living at Lee Centre, Scarborough! This bright, spacious 2-bedroom condo
19 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11909991 , Image - 1
Unit-138, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11909991

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 4.9%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 138. This large 2 bedroom and 1.5 bath 895 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminat
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
19 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11910000 , Image - 1
Unit-139, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11910000

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 3.4%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 137. This 2 bed and 1.5 bath 884 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminate Floors,
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
27 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11910003 , Image - 1
Unit-141, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11910003

Residential Freehold (Att/Row/Townhouse)

$4,100
  • 3 Beds
  • 3 Baths
  • 1100-1500 sq-ft
Welcome to 62 Dixfield Drive unit 141. This large 3 bed plus 2.5 bath 1295 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminate
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
25 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11909996 , Image - 1
Unit-120, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11909996

Residential Freehold (Att/Row/Townhouse)

$4,000
  • 3 Beds
  • 3 Baths
  • 1500-2000 sq-ft
Welcome to 62 Dixfield Drive unit 120. This large 3 bed plus and 2.5 bath 1285 Square Foot unit covers the 2nd and 3rd floors. Features include: Lamin
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
19 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912282 , Image - 1
Unit-108, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912282

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 4.9%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 108. This large 2 bedroom and 1.5 bath 895 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminat
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
17 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912373 , Image - 1
Unit-134, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912373

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 3.4%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 134. This 2 bed and 1.5 bath 884 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminate Floors,
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
22 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912351 , Image - 1
Unit-107, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912351

Residential Freehold (Att/Row/Townhouse)

$3,550
  • 2 +1 Beds
  • 3 Baths
  • 1500-2000 sq-ft
Welcome to 62 Dixfield Drive unit 107. This large 2 bed plus den plus basement and 2.5 bath unit covers 1665 Square Feet over the main floor and basem
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
25 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912341 , Image - 1
Unit-122, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912341

Residential Freehold (Att/Row/Townhouse)

$4,150
  • 3 +1 Beds
  • 3 Baths
  • 1100-1500 sq-ft
Welcome to 62 Dixfield Drive unit 122. This large 3 bed plus den and 2.5 bath 1334 Square Foot unit covers the 2nd and 3rd floors. Features include: L
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
19 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912285 , Image - 1
Unit-126, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912285

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 4.9%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 129. This large 2 bedroom and 1.5 bath 895 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminat
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
33 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912158 , Image - 1
Unit-131, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912158

Residential Freehold (Att/Row/Townhouse)

$3,650
  • 3 +1 Beds
  • 3 Baths
  • 1500-2000 sq-ft
Welcome to 62 Dixfield Drive unit 131. This large 3 bed plus den plus basement and 2.5 bath 1665 Square Foot unit covers the main floor and basement.
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
35 Photos
Last Updated : 6 Hours ago
198A Moore Avenue, Toronto, ON , MLS #C12089698 , Image - 1
198A Moore Avenue Rosedale-Moore Park, Toronto, ON MLS® C12089698

Residential Freehold (Detached)

$4,900
  • 3 Beds
  • 2 Baths
Charming 2-Storey Detached Home in the Heart of Moore ParkWelcome to this beautifully maintained 3-bedroom, 2-bathroom rental, perfectly located just
25 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912296 , Image - 1
Unit-121, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912296

Residential Freehold (Att/Row/Townhouse)

$4,150
  • 3 +1 Beds
  • 3 Baths
  • 1100-1500 sq-ft
Welcome to 62 Dixfield Drive unit 121. This large 3 bed plus den and 2.5 bath 1334 Square Foot unit covers the 2nd and 3rd floors. Features include: L
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
22 Photos
Last Updated : 6 Hours ago
4208 Dundas Street W, Toronto, ON , MLS #W12073242 , Image - 1
Unit-310, 4208 Dundas Street W Edenbridge-Humber Valley, Toronto, ON MLS® W12073242

Residential Condo & Other (Common Element Condo)

$2,600
  • 1 +1 Beds
  • 2 Baths
  • 600-699 sq-ft
Excellent Location, The Kingsway Neighborhood, Low Rise Boutique Loft, 697 SqFt With 98 SqFt Balcony, TTC & Shopping At Doorstep, A Short Drive To Dow
19 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912281 , Image - 1
Unit-111, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912281

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 4.9%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 111. This large 2 bedroom and 1.5 bath 895 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminat
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
17 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912374 , Image - 1
Unit-133, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912374

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 3.4%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 133. This 2 bed and 1.5 bath 884 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminate Floors,
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
22 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912365 , Image - 1
Unit-118, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912365

Residential Freehold (Att/Row/Townhouse)

$3,550
  • 2 +1 Beds
  • 3 Baths
  • 1500-2000 sq-ft
Welcome to 62 Dixfield Drive unit 118. This large 2 bed plus den plus basement and 2.5 bath unit covers 1665 Square Feet over the main floor and basem
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
22 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912359 , Image - 1
Unit-112, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912359

Residential Freehold (Att/Row/Townhouse)

$3,550
  • 2 +1 Beds
  • 3 Baths
  • 1500-2000 sq-ft
Welcome to 62 Dixfield Drive unit 112. This large 2 bed plus den plus basement and 2.5 bath unit covers 1665 Square Feet over the main floor and basem
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
19 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912286 , Image - 1
Unit-132, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912286

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 4.9%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 132. This large 2 bedroom and 1.5 bath 895 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminat
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
19 Photos
Last Updated : 6 Hours ago
62 Dixfield Drive, Toronto, ON , MLS #W11912284 , Image - 1
Unit-117, 62 Dixfield Drive Eringate-Centennial-West Deane, Toronto, ON MLS® W11912284

Residential Freehold (Att/Row/Townhouse)

$2,995
price drop iconReduced by 4.9%
  • 2 Beds
  • 2 Baths
  • 700-1100 sq-ft
Welcome to 62 Dixfield Drive unit 117. This large 2 bedroom and 1.5 bath 895 Square Foot unit covers the 2nd and 3rd floors. Features include: Laminat
Open House : Sat Apr 19, 11:00 AM to 03:00 PM
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Property for Lease in Toronto Overview

Toronto Real Estate for Rent

As of November 2024, Toronto's rental market exhibits a dynamic landscape characterised by increased supply and moderated rental prices. In the third quarter of 2024, the Toronto Regional Real Estate Board (TRREB) reported 18,540 condominium apartment rentals, marking a 29.2% increase compared to the same period in 2023. Concurrently, condo rental listings surged by 46.6%, providing renters more options and contributing to a dip in average rents. This influx of rental inventory has led to a decline in average rental prices. The average rental one-bedroom condo apartment decreased by 5% year-over-year to $2,499, while two-bedroom units saw a 5.6% reduction, averaging $3,216. Similarly, the median rent for all property types in Toronto is $2,650, reflecting a $230 decrease from the previous year. 

 

The surge in rental supply is partly attributed to strong population growth in the Greater Toronto Area (GTA), with many newcomers initially opting to rent. This demographic trend has bolstered rental transactions, yet the substantial increase in listings has shifted the market dynamics, granting renters greater negotiating power and improving affordability.

 

The rental market will continue to evolve. With interest rates decreasing, more renters may transition into homeownership, potentially increasing rental inventory further and influencing market conditions in the coming months.

 

Rental Price Trends By Property Size in Toronto

As of November 2024, Toronto's rental market exhibits varied pricing based on property size. The average rent for a studio apartment is approximately $1,627 per month, with an average size of 421 sq. ft. One-bedroom apartments average $2,080 monthly, encompassing about 635 sq. ft. Two-bedroom units command around $2,550 per month, offering 876 sq. ft. of living space. Larger three-bedroom apartments have an average rent of $2,903, with an average size of 1,110 sq. ft. These figures indicate that rental prices increase with the number of bedrooms and overall square footage, reflecting the higher demand and value associated with larger living spaces in Toronto's housing market.

 

Beyond size, location within Toronto also influences pricing, with downtown areas commanding higher rent than suburban neighbourhoods. Additionally, the quality of the building, proximity to transit, and availability of features like in-suite laundry or modern finishes significantly impact rental rates, making the market diverse and competitive for renters of all preferences and needs.

 

Top Rental Communities in Toronto

The city of Toronto has 190 recognised rental homes, so there are plenty of preferences for prospective house buyers. The types of homes offered in each community will change. The neighbourhood housing market as home rental prices in various areas might also vary considerably. Each neighbourhood's community may provide different lifestyles and experiences. The following are the ten cheapest Toronto communities in terms of total rental prices:

NeighbourhoodsAverage Rental Price (CAD)
High Park-SwanseaCAD 3,205
MimicoCAD 2,994
South ParkdaleCAD 2,192
Cabbagetown-South St. James TownCAD 2,025
Humewood CedarvaleCAD 2,300
North St. James TownCAD 2,289
Yonge-EglintonCAD 2,593
Church-Yonge CorridorCAD 2,695
Mount Pleasant WestCAD 2,760
Islington-City Centre WestCAD 2,866

 

Rental Price Trends By Property Type in Toronto

As of November 2024, Toronto's rental market exhibits distinct pricing trends across various property types. Apartments, the most prevalent rental option, have an average monthly rent of approximately $2,495. Condominiums often offer enhanced amenities, and modern features command a higher average rent of around $2,600 per month. Houses, providing more extensive living spaces and privacy, are the most expensive, with average rents reaching about $3,450 monthly. These figures reflect the diverse housing options available in Toronto, catering to a wide range of preferences and budgets.

 

Property Type

Rental Price Range 

Commercial Properties

CAD 1,500 - CAD 80,000

Offices 

CAD 1000 - CAD 3,500

Detached Houses

CAD 2000 - CAD 60,000

Single Family Homes

CAD 900 - CAD 60,000

Land for Rent

CAD 7,000 - CAD 300,000

Multi-family Homes

CAD 2,000 - CAD 10,000

Duplex 

CAD 1,000 - CAD 10,000

Condos 

CAD 1,800 - CAD 50,000

Townhouses

CAD 900 - CAD 26,000

 

Rental Price History in Toronto

Over the past few decades, Toronto's rental market has experienced significant fluctuations influenced by economic conditions, population growth, and housing supply dynamics. In the early 1990s, the average rent for a one-bedroom apartment was approximately $559 per month. By the early 2000s, this figure had risen to around $830, reflecting a steady increase in demand for rental housing. 

 

The period from 2010 to 2020 saw more pronounced growth. In 2010, the average rent for a one-bedroom unit was about $949 per month, which rose significantly to $1,421 by 2020.

 

However, the COVID-19 pandemic in 2020 introduced unprecedented challenges, leading to a temporary softening of the rental market. Factors such as reduced immigration, increased remote work, and a shift in housing preferences contributed to a decline in rental demand, causing average rents to decrease during this period.

 

The post-pandemic recovery has been marked by a resurgence in rental demand, driven by factors such as the return of international students, the reopening of businesses, and renewed immigration. As of November 2024, the average rent for a one-bedroom apartment in Toronto is approximately $2,323 monthly, while two-bedroom units average around $3,020.

 

Toronto’s Best Areas / Communities for Rental Properties

Toronto has been and will continue to be a prevalent destination for people at all stages of life, including raising a family, attending school, and retiring. This pleasant city has diverse neighbourhoods that highlight various aspects of community living. There are waterfront neighbourhoods, residential areas, and business hubs for entrepreneurs and students.

  • Liberty Village
  • Annex Neighbourhood
  • Yorkville
  • Bloor West Village
  • Yonge and Eglinton
  • Yonge and St. Clair
  • York Mills
  • Scarborough
  • Henry Farm
  • Newtonbrook
  • Cabbagetown
  • Leslieville
  • Davisville Village

 

Pet-Friendly Rental Home Options in Toronto

Pet-friendly rental condos in Toronto are more widespread than ever. You may now effortlessly search through hundreds of pet-friendly rental listings to discover the ideal home for you and your pet roommate. It may be beneficial to know that the average rent for an apartment in Toronto is CAD 2,037. It varies depending upon the locality you choose. Looking for something special? Pet-friendly condos with extra-large floor plans are available for as little as CAD 5,343 per month.

 

Toronto's Rental Demographic

Toronto's rental market is characterised by a diverse demographic profile influenced by immigration, income levels, and housing affordability. The Greater Toronto Area (GTA) has experienced significant population growth, primarily driven by immigration. Many newcomers initially opt for rental housing, contributing to the increasing demand in the rental market.

 

Toronto has a higher rate of low-income households than the rest of Canada. In 2020, the median annual after-tax income in Toronto was higher than in 2015; however, this increase has not kept pace with the rising cost of living and inflation. Almost a third of all households are struggling with housing affordability challenges, spending over 30% of their income on housing costs. Renter households are more likely to face housing affordability challenges than owner-occupied households.  

 

Despite an increase in overall rental unit supply, demand continues to outpace supply, leading to competitive rental conditions across major markets, including Toronto. As of 2023, Canada is experiencing record-low vacancy rates (1.5%) and record-high average rent growth (8.0%).

...

Frequently Asked Questions (FAQs)

A few of the best neighbourhoods to rent in Toronto are Yorkville, Bloor West Village, Yonge & Eglinton, Yonge & St. Clair (Deer Park), York Mills, and Scarborough Village Neighbourhood.

The monthly rent in Toronto ranges from $1,800 to over $3,500, depending on the location, property type, and size.

Condos usually include all utilities in the rental price except Hydro (electricity). In less common instances, the tenant must also pay for water, which is often the case in newer buildings. It is common to find Hydro included in the rental price in older buildings.

An owner can raise the rent every twelve months in Toronto. You would, however, be required to offer 60 days' notice before leaving.

In Toronto, monthly rents range from CAD $1,500 for a studio apartment to over $5,000 for larger units or luxury accommodations. Factors such as location, property type, and amenities significantly influence these prices.

A maintenance request is a formal letter to your landlord asking to repair something that you can't or don't feel comfortable fixing on your own. Make sure that you know the procedure for submitting maintenance requests and know the warning signs to look for to avoid extensive damage.

With the signed agreement, you're not supposed to decorate the walls of rental apartments in Toronto, but you can use a few inspirational images or sceneries that don't damage the property; otherwise, you are required to pay an extra amount.

The following documents are required for a rental home in Toronto:

  • Full name
  • Identity Proof
  • Income
  • Employment status
  • References from past landlords
  • Consent to a credit check

No, getting a realtor to rent a house is not essential.

The average rent for three bedrooms house in Toronto is CAD 3,578.

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Rishi Raj Tiwari
Sales Representative / Broker
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