West Square Cityview
25 Gibbs Rd,
Toronto, ON M9B 6E2
1-3 Beds | $2,195 - $4,126
Rental Market Trends in Toronto, ON
Updated July 2026
The average rent in Toronto, ON is $1,976/month.
$1,976/month
Average Rent
632 Sq Ft
Average Size
-1.8%
Change / Year
15,974
Available Apartments
Toronto rent varies by unit size and layout:
- Studio apartments in Toronto average $1,584 per month.
- One-bedroom apartments in Toronto average $1,976 per month.
- Two-bedroom apartments in Toronto average $2,456 per month.
- Three-bedroom apartments in Toronto average $2,943 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Toronto, ON?
In the past year, rent has decreased by 1.8%, which averages out to $36 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Toronto, ON
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
10%
$1,001 - $1,500/month
29%
$1,501 - $2,000/month
60%
Above $2,000/month
Rent by Neighbourhood
What are the most affordable neighbourhoods in Toronto?
Based on current rent prices, Bendale, Eglinton East and Clairlea-Birchmount are the most affordable neighbourhoods in Toronto.
Neighbourhood
Average Rent
Average Sq Ft
What are the most expensive neighbourhoods in Toronto?
Based on current rent prices, Entertainment-Financial Districts, Kensington-Chinatown and Waterfront Communities-The Island are the most expensive neighbourhoods in Toronto.
Neighbourhood
Average Rent
Average Sq Ft
Which Toronto neighbourhoods have the most rentals available?
The neighbourhoods in Toronto with the most apartments available are Midtown, North York and West End .
Neighbourhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Toronto, ON?
Because the average rent in Toronto is $1,976, you’ll want to make about $6,586 per month or $79,032 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Toronto, ON compare to other nearby cities and neighbourhoods?
Use the tool below to compare Toronto, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Toronto Area GuideStudio
$1,192/month
-
One Bedroom
$1,648/month
-
Two Bedroom
$2,118/month
-
Three Bedroom
$2,099/month
-
Apartment Communities in Toronto We Think You'll Love
Frequently Asked Questions
What is the average rent in Toronto?
The average rent in Toronto is $1,976 per month, which is 12.0% higher than the national average of $1,765.
What is the average rent for a house in Toronto?
The average rent for a house in Toronto, ON is $3,558 per month.
What is the average rent for a townhome in Toronto?
The average rent for a townhome in Toronto, ON is $3,004 per month.
What is the average rent for a condo in Toronto?
The average rent for a condo in Toronto, ON is $2,396 per month.
Are rents going up or down in Toronto?
Rents in Toronto, ON are decreasing, with prices down 1.8% year-over-year and $36 less per month.
What rent range is most common in Toronto?
In Toronto, ON, 60% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.