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


Join the conversation Load comments

Latest in Real Estate

These Toronto areas were most likely to have a bidding war this past year

Charming century-old Toronto home is selling for cheaper than you'd expect

Cute Toronto home sells for way above asking price in under a week

Award-winning home in exclusive Toronto area drops price by $1.4 million

Here's what experts predict will happen to Canada's housing market next year

Mountain range-shaped condo shaping up to be like nothing else in Toronto

Massive Toronto redevelopment is back on the table after years of silence

One-of-a-kind $8 million Toronto home looks straight out of the pages of a design magazine