What's the average rent in Toronto, ON?

Rental Market Trends in Toronto, ON

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Toronto, ON is $2,450 per month, which is 26% higher than the national average rent of $1,948 per month.

AVERAGE RENT

$2,450

0.0%No change month over month

-5.8%-$150 decrease year-over-year

AVAILABLE RENTALS

9,067

APARTMENTS

$2,615

HOUSES

$3,400

TOWNHOUSES

$3,000

As of September 2026, apartments are the most affordable rental option in Toronto, ON at $2,615 per month, while houses are the most expensive at $3,400 per month. Townhomes average $3,000 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	$2,550
3 Bedrooms	$3,133
4 Bedrooms	$3,800
All	$2,450

As of September 2026, the average rent for a 1 bedroom rental in Toronto, ON is $2,000 per month, followed by $2,550 for a 2 bedroom rental, $3,133 for a 3 bedroom rental, and $3,800 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,750
2 Bedrooms	$2,700
3 Bedrooms	$3,200
4 Bedrooms	$3,600
All	$3,000

As of September 2026, the average rent for a 1 bedroom townhome in Toronto, ON is $1,750 per month, followed by $2,700 for a 2 bedroom townhome, $3,200 for a 3 bedroom townhome, and $3,600 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,100
2 Bedrooms	$2,600
3 Bedrooms	$3,156
4 Bedrooms	$3,500
All	$2,400

As of September 2026, the average rent for a 1 bedroom apartment in Toronto, ON is $2,100 per month, followed by $2,600 for a 2 bedroom apartment, $3,156 for a 3 bedroom apartment, and $3,500 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$2,000
3 Bedrooms	$3,200
4 Bedrooms	$4,150
All	$3,400

As of September 2026, the average rent for a 1 bedroom house in Toronto, ON is $1,600 per month, followed by $2,000 for a 2 bedroom house, $3,200 for a 3 bedroom house, and $4,150 for a 4 bedroom house.