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


Join the conversation Load comments

Latest in City

Canada's richest people have increased their wealth by $63.5 billion since the pandemic hit

Doug Ford wants to close down the Canadian border to all non-residents

People living in Toronto's banned tiny shelters share how they've changed their lives

Toronto Police laid 40 charges for large social gatherings over the weekend

Ontario extends state of emergency and stay-at-home order for at least 2 more weeks

Toronto is about to be blasted with up to 10 cm of snow

Toronto warns pet owners not to leave animals alone outside after coyotes kill two dogs

Canada Post warns of delivery delays following outbreak at Mississauga facility