toronto rent

Rent is way more expensive in Toronto than any city in Canada

Surprise! Toronto is expensive. 

Well, that's probably not a surprise to anyone. But, Toronto was just ranked the most expensive city in Canada to rent. 

Rentals.ca has just released a report that shows, with an average of $1,902 per month for a one bedroom, Toronto is hella pricey. The price indicates a 2.8 per cent increase month-over-month.toronto rent prices

Toronto was ranked number one, to no one's surprise. Image from rentals.ca.

Coming in at second place is Richmond Hill, where a one bedroom clocks in around $1,796 a month. Vancouver was third ($1,760), Etobicoke fourth ($1,620), and Mississauga in fifth ($1,587). 

Unsurprisingly, after seeing the top five, Ontario was ranked the most expensive province as well―about $1,889 on average. 

ontario rent price

Ontario and B.C. took the top two spots for provincial averages. Image from rentals.ca.

Continuing the list of unsurprising findings, downtown was the area of Toronto with the most expensive rent by postal code, specifically around the Entertainment District, King West, and the waterfront.

The study examined 9,000 active listings on rentals.ca, and looked at both one bedrooms and two bedrooms. 

If you're looking to rent in the city, all I have to say is "good luck and godspeed, friend." 

Lead photo by

Steve I


Latest Videos



Latest Videos


Latest in Real Estate

Toronto's new 106-storey megatower hit with last-minute cheap-out

Unassuming Ontario house is listed for nearly six times what it sold for in 2020

Beautifully restored Victorian Toronto beach house hits market for $4 million

This $650K detached Toronto home sold for $800K just two years earlier

Gargantuan towers up to 71 storeys could soon loom over iconic Toronto landmark

Buildings in Toronto's Kensington Market could be torn down for new hotel

Palatial $11.5M Toronto house comes with its own stretch of lakefront

Abandoned Hudson's Bay location in Toronto is being reduced to rubble