Toronto rent march

Average cost of a one bedroom rental in Toronto drops to $1,970

Toronto is no longer the most expensive rental market in Canada, rejoice! But also consider how disturbing this information is, given that a one bedroom apartment will still cost you almost $2000 a month.

Padmapper just released its national monthly rent report for March and, for the first time in a long time, there's good news for The 6ix.

One bedroom units in Toronto are now just $1,970 a month, on average – a whopping $30 less than they were half a year ago and 4.4 per cent down from last month's average of $2,060.

After crunching the numbers from hundreds of thousands of listings, the apartment hunting website found that Vancouver had reclaimed its spot as the most expensive city in Canada with an average one bedroom rent of $2,000.

The cost of two bedrooms saw a dip in both cities, however, by 1.6 per cent and 2 per cent respectively.

It now costs around $2,500 to rent a two bedroom unit in Toronto and $3,150 for the same type of unit in Vancouver – a figure that may have helped our West Coast friends get their title back. 

Congratulations / I'm sorry, Vancouver. We're more than happy to let you take number one in this anti-competition.

Lead photo by

Lauren O'Neil


Join the conversation Load comments

Latest in City

The surprisingly radical history of that church they built the Toronto Eaton Centre around

Bluffer's Park is home to the only beach along the Scarborough Bluffs

This is what three of the biggest new subway stations will be like on the Ontario Line

The roof at the Rogers Centre is open and people have thoughts on what it could be used for

Shoppers are lining up outside Toronto retail stores and you should stop judging them

Toronto couple picked up 6,000 garbage masks and gloves and they're not happy about it

Toronto Police rescue dog found running along the Gardiner Expressway

Trinity Bellwoods Park has a serious public urination problem