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


Join the conversation Load comments

Latest in Real Estate

Toronto house built in 1835 is now on sale for $5 million

Restored farmhouse for sale west of Toronto has backyard barn and basement wine cellar

This was the most expensive home sold in Toronto last year

Province promises to delay destruction of Dominion Foundry buildings in Toronto

This house in downtown Toronto is selling for only $700K but there's a catch

This was the cheapest house sold in Toronto in 2020

People in Toronto are debating what the city's ugliest building is

Here are the Toronto neighbourhoods that had the most condos for sale last year