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

Here's what the building proposed to replace Sneaky Dee's will look like

Airbnbs in Toronto were still operating during ban because of course they were

Toronto rent prices expected to continue falling for a while

This is the cheapest house you can buy in Toronto right now

Developers in Toronto could have to reserve portion of units for affordable housing

City of Toronto may soon adopt a vacant home tax and it's what residents want

People who attended open house in Toronto exposed to COVID-19

Guelph getting a breathtaking new public library but people want to cancel it