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

Here are all the 2025 statutory holidays in Canada

Huge stretch of TTC subway spanning 11 stations closed for the next 2 weekends

Most people in Toronto now think that the city is moving in the wrong direction

11 million Canada Post parcels now undelivered ahead of Black Friday

Busy Toronto street kicks off major makeover set to wrap in 2025

Here's how much money you could save during Canada's GST holiday

Huge changes planned to 'transform' a major Toronto street

Canadians working in certain fields can expect a big pay bump in 2025