toronto apartment rental

Average price of two bedroom apartment in Toronto hits $2,300

Toronto's real estate market might be starting to slow down, but it looks like rental prices in the city are still on the up and up.

Apartment listing website Padmapper tracks the monthly rental prices for 25 cities across Canada. According to its latest analysis, which looked at the median rent prices for one and two bedroom units in May 2017, Toronto has the second most expensive rental market in Canada - Vancouver ranked number one.

Since April 2017, rental prices for one bedroom units increased 2.3 percent to $1,790. Prices on two bedroom units went up 2.2 percent to $2,300. Year over year, these prices increased 14.7 percent and 15 percent, respectively.

What exactly could you get in Toronto last May? This two-bedroom basement unit in Regent Park was listed at $1,650. The one-bedroom at Dovercourt and Bloor was more indicative of the monthly median as it was listed for a cool $1,800.

Lead photo by

Marcanadian


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in City

Toronto now has second-worst transit commute times in Canada and the U.S.

Porch pirates in Toronto are now stealing Christmas trees and decorations

TTC will close portions of busiest subway line for the third weekend in a row

University of Toronto was just ranked the best in the world in one category

Here are the ways Canadians can get money from the government in 2025

Here's how bad Toronto traffic is expected to get by 2044

TTC construction project known for causing traffic chaos is now delayed

Canada Post may not survive the holiday season crisis