A Comprehensive Guide to Rent Pricing

Toronto, the largest city in Canada, offers a diverse and vibrant urban experience for people from all walks of life. With its rich history, iconic landmarks, and world-class amenities, it's no wonder that Toronto is a sought-after city for renters. But with so many great neighbourhoods to choose from, how do you know which one is the best fit for you? In this blog, we will explore the top neighbourhoods for renting in Toronto and provide a detailed breakdown of rent pricing to help you make an informed decision.

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• ROOMit: a Roommate finder & room rental online app technology platform solution that allows anyone to publish, find, and securely book or rent rooms daily, weekly, short or long term and Find Your perfect Roommate Match!

Popular classifieds sites in Canada that features rental listings, including apartments, condos, and houses:

• Craigslist: A global classifieds site with a dedicated section for housing rentals in Toronto.
• Viewit: A website specializing in apartment rentals across Canada, with a focus on Toronto.
• PadMapper: A map-based search tool that aggregates rental listings from multiple sources.
• Zillow rental search platform that offers a variety of property types, from apartments to townhouses and single-family homes.
• Zumper: one of the largest rental sites

The Annex

The Annex is a bustling neighbourhood located in the heart of downtown Toronto. Known for its vibrant streets lined with Victorian homes, cozy cafes, and eclectic shops, The Annex is an ideal place for young professionals, students, and artists.

Average Rent Pricing:

• Studio: $1,500-$2,000
• 1 Bedroom: $1,800-$2,400
• 2 Bedrooms: $2,500-$3,500
• 3+ Bedrooms: $3,500-$5,000

Liberty Village

Liberty Village is a trendy, revitalized neighbourhood situated just west of Toronto's downtown core. This community boasts a mix of historic architecture and modern condominiums, offering renters a unique urban living experience. With its close proximity to the Entertainment District and a wide range of amenities, Liberty Village is an attractive option for young professionals.

Average Rent Pricing:

• Studio: $1,600-$2,100
• 1 Bedroom: $1,900-$2,600
• 2 Bedrooms: $2,700-$3,800
• 3+ Bedrooms: $3,800-$5,500

The Beaches

Located along Toronto's eastern waterfront, The Beaches is a picturesque neighbourhood known for its sandy shores, charming boutiques, and quaint restaurants. This family-friendly community is an ideal destination for those who value a relaxed lifestyle with easy access to outdoor activities and stunning views of Lake Ontario.

Average Rent Pricing:

• Studio: $1,400-$1,900
• 1 Bedroom: $1,700-$2,300
• 2 Bedrooms: $2,400-$3,400
• 3+ Bedrooms: $3,200-$4,800

High Park

High Park, situated in Toronto's west end, is a lush and green residential neighbourhood surrounding the city's largest public park. With its mix of Edwardian, Tudor, and modern homes, this area is perfect for families and professionals seeking a peaceful escape from the bustling city.

Average Rent Pricing:

• Studio: $1,300-$1,800
• 1 Bedroom: $1,600-$2,200
• 2 Bedrooms: $2,300-$3,300
• 3+ Bedrooms: $3,100-$4,600

St. Lawrence Market

St. Lawrence Market is a historic and vibrant neighbourhood in the heart of downtown Toronto. Known for its famous market, this area offers renters easy access to fresh produce, artisanal foods, and unique shopping experiences. With a mix of lofts, condos, and heritage buildings, St. Lawrence Market is ideal for urban dwellers who appreciate history and culture.

Average Rent Pricing:

• Studio: $1,700-$2,200
• 1 Bedroom: $2,000-$2,700
• 2 Bedrooms: $2,800-$3,900
• 3+ Bedrooms: $3,700-$5,200

Leslieville

Once an industrial area, Leslieville has transformed into a trendy and family-friendly neighbourhood in Toronto. Boasting a mix of residential homes, chic lofts, and modern condominiums, this area has become a haven for young families, artists, and professionals. With its vibrant shopping and dining scene, Leslieville is a great choice for those seeking a laid-back, community-oriented lifestyle.

Average Rent Pricing:

• Studio: $1,400-$1,900
• 1 Bedroom: $1,700-$2,300
• 2 Bedrooms: $2,400-$3,400
• 3+ Bedrooms: $3,200-$4,800

Yonge and Eglinton

Dubbed as "Yonge and Eligible" for its high concentration of young professionals, Yonge and Eglinton is a bustling neighbourhood located in midtown Toronto. With its mix of high-rise condos, apartment buildings, and trendy shops and restaurants, this area is an ideal choice for those looking for a dynamic, urban lifestyle with easy access to public transit.

Average Rent Pricing:

• Studio: $1,600-$2,100
• 1 Bedroom: $1,900-$2,500
• 2 Bedrooms: $2,600-$3,700
• 3+ Bedrooms: $3,500-$5,000

The Distillery District

The Distillery District, a heritage site in downtown Toronto, is a charming neighbourhood known for its cobblestone streets, historic buildings, and vibrant arts scene. With its stylish lofts and condominiums, this area is perfect for young professionals, artists, and creatives who appreciate a unique blend of old-world charm and modern amenities.

Average Rent Pricing:

• Studio: $1,700-$2,200
• 1 Bedroom: $2,000-$2,700
• 2 Bedrooms: $2,800-$3,900
• 3+ Bedrooms: $3,700-$5,200

Roncesvalles Village

Roncesvalles Village, often referred to as "Roncy," is a lively and diverse neighbourhood located in Toronto's west end. Known for its Polish heritage, this area features a mix of detached homes, apartments, and townhouses, making it suitable for a wide range of renters. With its pedestrian-friendly streets, unique shops, and restaurants, Roncesvalles Village is an excellent choice for families and professionals seeking a tight-knit community atmosphere.

Average Rent Pricing:

• Studio: $1,300-$1,800
• 1 Bedroom: $1,600-$2,200
• 2 Bedrooms: $2,300-$3,300
• 3+ Bedrooms: $3,100-$4,600

Davisville Village

Located in midtown Toronto, Davisville Village is a family-friendly neighbourhood that offers a mix of high-rise apartments, condominiums, and detached homes. With its tree-lined streets, parks, and excellent schools, this area is perfect for families and professionals who value a balanced urban lifestyle with easy access to green spaces.

Average Rent Pricing:

• Studio: $1,500-$2,000
• 1 Bedroom: $1,800-$2,400
• 2 Bedrooms: $2,500-$3,500
• 3+ Bedrooms: $3,400-$5,000

Conclusion

Toronto is a diverse and thriving city with a neighbourhood to suit every renter's needs and preferences. Toronto is the best city to experience roommate living or coliving, and it is very easy to find a roommate or rooms for rent. From the bustling downtown core to picturesque waterfront communities, the options are endless. By considering factors such as lifestyle, amenities, and budget, you can find the perfect Toronto neighbourhood to call home.