toronto apartment rent

Average cost of a one bedroom rental in Toronto hits $2,000

Two plus two equals four, the sky is blue, and rent is getting more expensive in Toronto.

The average rental price for a one bedroom apartment in the city finally cracked the $2,000 mark this month, according to data from Padmapper.

Last month, the apartment hunting website listed the median cost of a one bedroom unit in Toronto at $1,850.

That's an increase of just over 5 per cent, according to site's real time rent trends table. More unsettling still is that we saw the median price of a one bedroom hit $1,500 only nine months ago.

Toronto is quickly closing in on Vancouver as the most expensive city for rent in Canada, though the latter city remained even less affordable as of last month.

Lead photo by

Jeremy Gilbert


Join the conversation Load comments

Latest in City

Police arrest and slap driver in Brampton with hefty ticket for traffic weaving

People are already complaining about the new bike lanes on Yonge Street

Toronto panned as trashy for putting Pride flags on city garbage trucks

Toronto laneway transforms into huge play space with games and selfie stations

Random man tries to kick woman out of Toronto mall for not wearing a mask

Toronto police on the hunt for person behind multiple assaults at TTC stations

Toronto expected to be hotter and wetter than usual this summer

Toronto is shutting down the entire Gardiner Expressway this weekend