toronto apartment rental

Average price of two bedroom apartment in Toronto hits $2,300

Toronto's real estate market might be starting to slow down, but it looks like rental prices in the city are still on the up and up.

Apartment listing website Padmapper tracks the monthly rental prices for 25 cities across Canada. According to its latest analysis, which looked at the median rent prices for one and two bedroom units in May 2017, Toronto has the second most expensive rental market in Canada - Vancouver ranked number one.

Since April 2017, rental prices for one bedroom units increased 2.3 percent to $1,790. Prices on two bedroom units went up 2.2 percent to $2,300. Year over year, these prices increased 14.7 percent and 15 percent, respectively.

What exactly could you get in Toronto last May? This two-bedroom basement unit in Regent Park was listed at $1,650. The one-bedroom at Dovercourt and Bloor was more indicative of the monthly median as it was listed for a cool $1,800.

Lead photo by

Marcanadian


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in City

Canada is seeing one of the worst standard-of-living declines in 40 years

Tributes pour in after death of Toronto City Councillor Jaye Robinson

It's going to get way easier to pay transit fare in Toronto with your phone

TTC literally just gave CEO Rick Leary an award days after chaotic subway shutdown

An aggressively spreading invasive species is completely taking over a Toronto park

50 tourist attractions in downtown Toronto you need to visit at least once

Stunning new lookout point overlooking Toronto wetland opens this summer

Stunning new Toronto transit station will link several TTC and GO lines