toronto rent prices

This is what a $2,475 apartment looks like in Toronto right now

Looking for a new place to live in Toronto? You'd better have a good deal of cash (or be willing to lower your standards of space, location and cleanliness). The real estate research firm Urbanation announced today that rents are now sitting at a "record high" average of $2,475 in The 6ix. Curious about what that means?

Here's what a $2,475 apartment looks like in Toronto right now.

1153 Queen Street West

How does a studio directly across from the Drake Hotel sound? Expensive? You're right. This bedroomless hard loft atop a major art supplies store will run you some $2,500 a month, but it's huge — as in 1,100 square feet huge. If wood ceilings, exposed pipes, hardwood floors and a floating kitchen bar sound like something you'd be into, check 'er out.

foundry loft toronto1110 Lansdowne Ave.

A rare rental within an actual heritage building, this two-bedroom, $2,500-per-month unit at the Foundry Lofts is on the smaller, darker side at just 730 square feet with few windows to speak of. But, what it lacks in natural light, it makes up for in exposed brick — as well as the novelty of being located in what used to be a train factory.

stafford street toronto25 Stafford St. 

If location matters more to you than living space, this furnished, 475-square-foot studio in King West could be all yours for $2,495 a month. The high ceilings and exposed concrete are lovely, but the real draw here is the building's proximity to Stanley Park. It's like an enormous backyard for the entire building.

toronto apartments for rent162 Beaconsfield

Located near Dundas and Dufferin, this one bedroom, one bathroom, 750-square-foot basement apartment will run you $2,500 a month — which seems a bit excessive, even for Toronto in 2019. The unit does come furnished and includes TV and high speed internet. It is also said to have a "very large fridge."

toronto condo rentals1 Bloor Street East 

Be among the first to live in one of Toronto's tallest skyscrapers in this 27th-floor one-bedroom. Again, this place is tiny for $2,500, and you won't be able to move in until September, but you would have access to a heated outdoor pool so... it's worth considering.

Photos by

Join the conversation Load comments

Latest in Real Estate

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

New condos set to replace Queen East rowhouses destroyed by fire

Ontario plans to redevelop another Toronto heritage site without proper consult

Toronto neighbourhood Tim Hortons to be replaced by condos