What's the average rent in Toronto, ON?

Rental Market Trends in Toronto, ON

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Toronto, ON is $2,400 per month, which is 24% higher than the national average rent of $1,930 per month.

AVERAGE RENT

$2,400

0.0%No change month over month

-4.0%-$100 decrease year-over-year

AVAILABLE RENTALS

11,029

APARTMENTS

$2,505

HOUSES

$3,100

TOWNHOUSES

$2,900

As of May 2026, apartments are the most affordable rental option in Toronto, ON at $2,505 per month, while houses are the most expensive at $3,100 per month. Townhomes average $2,900 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,058
2 Bedrooms	$2,549
3 Bedrooms	$3,100
4 Bedrooms	$3,700
All	$2,400

As of May 2026, the average rent for a 1 bedroom rental in Toronto, ON is $2,058 per month, followed by $2,549 for a 2 bedroom rental, $3,100 for a 3 bedroom rental, and $3,700 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,800
2 Bedrooms	$2,650
3 Bedrooms	$3,300
4 Bedrooms	$3,599
All	$2,900

As of May 2026, the average rent for a 1 bedroom townhome in Toronto, ON is $1,800 per month, followed by $2,650 for a 2 bedroom townhome, $3,300 for a 3 bedroom townhome, and $3,599 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,100
2 Bedrooms	$2,550
3 Bedrooms	$3,128
4 Bedrooms	$3,300
All	$2,400

As of May 2026, the average rent for a 1 bedroom apartment in Toronto, ON is $2,100 per month, followed by $2,550 for a 2 bedroom apartment, $3,128 for a 3 bedroom apartment, and $3,300 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$2,100
3 Bedrooms	$3,100
4 Bedrooms	$4,000
All	$3,100

As of May 2026, the average rent for a 1 bedroom house in Toronto, ON is $1,600 per month, followed by $2,100 for a 2 bedroom house, $3,100 for a 3 bedroom house, and $4,000 for a 4 bedroom house.