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Toronto, ON Rentals

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Renting in Toronto, ON

Toronto is Canada's largest city and its most varied rental market, where the neighbourhood matters more than the address. Renting here ranges from condo towers along the waterfront and in the financial district to apartments above shops on Queen or Bloor and houses divided into units across the older residential wards. The subway and streetcar network makes living without a car realistic almost anywhere inside the core.

  • TTC subway and streetcar network
  • Distinct neighbourhoods across the core
  • Waterfront and the Toronto Islands
  • Major employers across finance, tech and healthcare
  • Among the most diverse cities in the world
Getting around
The TTC runs subway, streetcar and bus service across the city, with GO Transit connecting the wider region. Bike lanes have expanded steadily downtown, and most of the core is walkable between transit stops.
Walkability
Excellent throughout the core — the Annex, Kensington Market, Queen West, Leslieville and the Danforth all cover daily needs on foot. Suburban districts rely more on transit and driving.
The vibe
Fast, dense and endlessly varied. Rents are the highest in the country, but so is the range of what you can walk to.
Nearby
CN Tower, Toronto Islands, Kensington Market, High Park, Distillery District, Union Station

Average rent in Toronto

Based on 2 live Rentably listings · updated July 2026

$2,025
Average
$2,025
Median
$1,800–$2,250
Range

By bedrooms

TypeAvgMedianListings
Studio$2,250$2,2501
4-bed$1,800$1,8001

Rent figures are computed from Rentably’s current available listings and refresh as new inventory is added.

Toronto Rentals by Type

By Bedrooms

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