What's the average rent in Toronto, ON?

Rental Market Trends in Toronto, ON

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Toronto, ON is $2,450 per month, which is 25% higher than the national average rent of $1,965 per month.

AVERAGE RENT

$2,450

2.1%$50 increase month-over-month

-5.5%-$143 decrease year-over-year

AVAILABLE RENTALS

10,653

APARTMENTS

$2,528

HOUSES

$3,450

TOWNHOUSES

$2,980

As of July 2026, apartments are the most affordable rental option in Toronto, ON at $2,528 per month, while houses are the most expensive at $3,450 per month. Townhomes average $2,980 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$2,000
2 Bedrooms	$2,600
3 Bedrooms	$3,156
4 Bedrooms	$3,800
All	$2,450

As of July 2026, the average rent for a 1 bedroom rental in Toronto, ON is $2,000 per month, followed by $2,600 for a 2 bedroom rental, $3,156 for a 3 bedroom rental, and $3,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$2,600
3 Bedrooms	$3,250
4 Bedrooms	$3,700
All	$2,980

As of July 2026, the average rent for a 1 bedroom townhome in Toronto, ON is $1,600 per month, followed by $2,600 for a 2 bedroom townhome, $3,250 for a 3 bedroom townhome, and $3,700 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,100
2 Bedrooms	$2,633
3 Bedrooms	$3,200
4 Bedrooms	$3,250
All	$2,450

As of July 2026, the average rent for a 1 bedroom apartment in Toronto, ON is $2,100 per month, followed by $2,633 for a 2 bedroom apartment, $3,200 for a 3 bedroom apartment, and $3,250 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$2,100
3 Bedrooms	$3,300
4 Bedrooms	$4,200
All	$3,450

As of July 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, $3,300 for a 3 bedroom house, and $4,200 for a 4 bedroom house.