Rent report · Toronto, Ontario · closed MLS® leases
Average Rent in Toronto — November 2026 by Bedroom
The short answer
The average rent in Toronto is $2,749 a month; the median is $2,500, based on 70,164 leases signed on the MLS® in the 12 months to November 2026. A typical 1-bedroom leases for $2,300 and a 2-bedroom for $2,900. Over the last 90 days the median was $2,550 across 19,563 leases.
See Toronto rentalsBy bedroom
Toronto rent by bedroom
- Studio$1,850
- 1 bedroom$2,300
- 2 bedrooms$2,900
- 3 bedrooms$3,500
- 4+ bedrooms$4,650
Source: TRREB MLS® data, compiled by Summitly · as of November 14, 2026
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| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,850 | 3,721 |
| 1 bedroom | $2,300 | 35,107 |
| 2 bedrooms | $2,900 | 22,808 |
| 3 bedrooms | $3,500 | 6,962 |
| 4+ bedrooms | $4,650 | 1,566 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,850 | $1,843 | 3,721 | $1,900 | $2,250 | $3.20 |
| 1 bedroom | $2,300 | $2,299 | 35,107 | $2,300 | $2,288 | $4.20 |
| 2 bedrooms | $2,900 | $3,071 | 22,808 | $3,000 | $2,800 | $3.92 |
| 3 bedrooms | $3,500 | $3,794 | 6,962 | $3,600 | $3,300 | $3.43 |
| 4+ bedrooms | $4,650 | $5,671 | 1,566 | $4,790 | $4,500 | $2.65 |
| All rentals | $2,500 | $2,749 | 70,164 | $2,550 | $2,595 | $4.00 |
By property type
Toronto rent by property type
- Condo apartment$2,450
- House (detached / semi)$3,200
- Basement apartment$1,750
- Townhouse$3,000
Source: TRREB MLS® data, compiled by Summitly · as of November 14, 2026
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| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $2,450 | 54,191 |
| House (detached / semi) | $3,200 | 6,456 |
| Basement apartment | $1,750 | 1,869 |
| Townhouse | $3,000 | 3,063 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $2,450 | $2,652 | 54,191 | $2,500 | $2,600 | $4.17 |
| House (detached / semi) | $3,200 | $3,726 | 6,456 | $3,250 | $2,600 | $3.14 |
| Basement apartment | $1,750 | $1,788 | 1,869 | $1,750 | $1,800 | $2.00 |
| Townhouse | $3,000 | $3,246 | 3,063 | $3,100 | $2,970 | $2.89 |
Trend
Toronto median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 14, 2026
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| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,550 | 6,215 |
| Sep 2026 | $2,550 | 7,289 |
| Aug 2026 | $2,550 | 8,733 |
| Jul 2026 | $2,500 | 6,641 |
| Jun 2026 | $2,500 | 6,549 |
| May 2026 | $2,450 | 6,475 |
| Apr 2026 | $2,450 | 5,719 |
| Mar 2026 | $2,450 | 4,770 |
| Feb 2026 | $2,475 | 3,963 |
| Jan 2026 | $2,480 | 3,843 |
| Dec 2025 | $2,500 | 4,306 |
| Nov 2025 | $2,500 | 4,504 |
| Oct 2025 | $2,600 | 4,769 |
| Sep 2025 | $2,575 | 6,965 |
| Aug 2025 | $2,583 | 9,036 |
| Jul 2025 | $2,550 | 6,597 |
| Jun 2025 | $2,500 | 6,187 |
| May 2025 | $2,513 | 6,132 |
| Apr 2025 | $2,550 | 5,288 |
| Mar 2025 | $2,500 | 4,388 |
| Feb 2025 | $2,500 | 3,775 |
| Jan 2025 | $2,500 | 3,363 |
| Dec 2024 | $2,550 | 3,370 |
| Nov 2024 | $2,550 | 2,112 |
Neighbourhoods
Cheapest to most expensive Toronto neighbourhoods to rent
- Woodbine Corridor$2,000
- Keelesdale-Eglinton West$2,025
- Playter Estates$2,100
- Playter Estates-Danforth$2,100
- Bennington Heights$2,138
- Cedarvale$2,200
- Humewood-Cedarvale$2,200
- Crescent Town$2,250
- Corso Italia-Davenport$2,275
- Agincourt South-Malvern West$2,300
- Bridlewood$2,300
- Clanton Park$2,300
- Downsview$2,300
- Lawrence Heights$2,300
- Moss Park$2,300
- Regent Park$2,300
- Tam O'Shanter-Sullivan$2,300
- The Queensway$2,300
- Yorkdale-Glen Park$2,300
- Banbury-Don Mills$2,350
- Don Mills$2,350
- Don Valley Village$2,350
- Etobicoke City Centre$2,350
- Garden District$2,350
- Henry Farm$2,350
- Humbermede$2,350
- Islington-City Centre West$2,350
- Woburn$2,350
- Chaplin Estates$2,368
- Danforth$2,375
- East End Danforth$2,395
- Junction Area$2,395
- Bayview Village$2,400
- Birchcliffe-Cliffside$2,400
- Blake-Jones$2,400
- Cabbagetown$2,400
- Corktown$2,400
- Downtown Yonge East$2,400
- Eglinton East$2,400
- Financial District$2,400
- Malvern$2,400
- Oakwood Village$2,400
- Parkdale$2,400
- Scarborough$2,400
- Thorncliffe Park$2,400
- Weston-Pelham Park$2,400
- York$2,400
- York University Heights$2,400
- Davisville$2,413
- Long Branch$2,450
- Mimico$2,450
- Mimico-Queensway$2,450
- North York$2,450
- West Don Lands$2,450
- Yonge-Doris$2,450
- Clairlea-Birchmount$2,475
- Avondale$2,500
- Bloor West Village$2,500
- Church-Wellesley$2,500
- Cliffcrest$2,500
- East York$2,500
- Etobicoke$2,500
- Greenwood-Coxwell$2,500
- Mount Olive-Silverstone-Jamestown$2,500
- Old Toronto$2,500
- Runnymede-Bloor West Village$2,500
- Seaton Village$2,500
- Stonegate-Queensway$2,500
- Entertainment District$2,550
- High Park North$2,550
- Kensington$2,550
- Kensington-Chinatown$2,550
- Little Portugal$2,550
- Scarborough Village$2,550
- St. Lawrence$2,550
- St. Lawrence-East Bayfront-The Islands$2,550
- Yonge-Eglinton$2,550
- Pelmo Park-Humberlea$2,575
- Agincourt North$2,590
- Alexandra Park$2,600
- Bathurst Manor$2,600
- Bay Street Corridor$2,600
- CityPlace$2,600
- Fort York$2,600
- Fort York-Liberty Village$2,600
- Harbourfront$2,600
- Harbourfront-CityPlace$2,600
- Humber Bay$2,600
- Humber Bay Shores$2,600
- Liberty Village$2,600
- Upper Beaches$2,600
- Deer Park$2,613
- Forest Hill South$2,648
- Distillery District$2,650
- Guildwood$2,650
- Kingsview Village-The Westway$2,650
- Niagara$2,650
- Roncesvalles$2,650
- South Riverdale$2,650
- Willowdale West$2,650
- Yonge-Bay Corridor$2,650
- North Riverdale$2,670
- Armour Heights$2,700
- Beaconsfield Village$2,700
- High Park-Swansea$2,700
- Lawrence Manor$2,700
- Leslieville$2,700
- Old East York$2,700
- Parkwoods-O'Connor Hills$2,700
- Swansea$2,700
- Willowdale East$2,700
- Yonge-St. Clair$2,700
- Yorkville$2,700
- Sunnyside$2,723
- Dufferin Grove$2,725
- Forest Hill North$2,745
- New Toronto$2,750
- Agincourt$2,770
- Bayview Woods-Steeles$2,775
- Alderwood$2,800
- Little Italy$2,800
- Palmerston-Little Italy$2,800
- The Annex$2,800
- The Beaches$2,800
- West Queen West$2,800
- Harbord Village$2,849
- Casa Loma$2,850
- Eringate-Centennial-West Deane$2,900
- Mount Pleasant East$2,925
- Lawrence Park South$2,995
- Trinity-Bellwoods$2,998
- Westminster-Branson$2,998
- Leaside$3,000
- Leaside-Bennington$3,000
- Willowridge-Martingrove-Richview$3,000
- Hillcrest Village$3,100
- Moore Park$3,100
- Rosedale$3,100
- Rosedale-Moore Park$3,100
- Old Mill$3,300
- Lawrence Park$3,375
- Baby Point$3,495
- Lawrence Park North$3,800
- Bedford Park$3,900
- Bedford Park-Nortown$3,900
- Kingsway South$4,150
- The Kingsway$4,150
- Hoggs Hollow$4,250
- Summerhill$4,250
- Bridle Path-Sunnybrook-York Mills$4,995
Source: TRREB MLS® data, compiled by Summitly · as of November 14, 2026
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FAQ
Toronto rent FAQs
What is the average rent in Toronto?
In the 12 months to November 2026, 70,164 Toronto rentals were leased through the MLS® at a median of $2,500 a month and an average of $2,749. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Toronto?
The median 1-bedroom lease in Toronto was $2,300 a month over the last 12 months (35,107 leases); 1-bedrooms listed for rent right now ask a median $2,288.
How much is a 2-bedroom rental in Toronto?
A 2-bedroom in Toronto leased for a median $2,900 a month over the last 12 months, across 22,808 leases.
Is it cheaper to rent a basement, condo or house in Toronto?
Over the last 12 months the cheapest type was basement apartment at a median $1,750, and the most expensive was house (detached / semi) at $3,200. basement apartment $1,750, condo apartment $2,450, townhouse $3,000 and house (detached / semi) $3,200.
Are rents going up or down in Toronto?
The median lease in Oct 2026 was $2,550, down 1.9% from $2,600 in Oct 2025. Monthly medians move with the mix of units leased, so read the 24-month trend rather than a single month.
What is the cheapest neighbourhood to rent in Toronto?
Of the 150 Toronto neighbourhoods with at least 10 leases in the last 12 months, Woodbine Corridor had the lowest median rent at $2,000, and Bridle Path-Sunnybrook-York Mills the highest at $4,995.
Where do these rent figures come from?
They are medians and averages of closed leases recorded on the TRREB MLS® (the rent actually agreed, not the asking rent), refreshed November 2026. A figure is shown only when it covers at least 5 leases, so no single lease can be identified.
Sources & method
Where these rents come from.
- Rents are the monthly prices on leases that closed on the TRREB MLS® (status Leased), not asking rents, except the "Median asking now" column, which covers rentals listed today.
- The 12-month window runs to the data refresh date; the 90-day column covers the most recent 90 days. The trend shows complete calendar months only.
- Bedrooms are the above-grade bedroom count on the listing, so a 1-bedroom plus den counts as a 1-bedroom. Studios are listings with no bedrooms.
- Basement apartments are lower-level units or units numbered as a basement; houses are detached and semi-detached homes leased whole; townhouses include condo townhouses.
- Rents under $300 or over $50,000 a month are treated as data errors and excluded. Rent per square foot uses leases with an exact floor area only.
- Every figure covers at least 5 leases, so no individual lease can be identified.
Source: TRREB MLS® data, compiled by Summitly.
