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Rooms for Rent Market Summary in Toronto, ON
Median Rent
$2,541
Year-Over-Year Change
21%↑$500
of Apartments & Rooms for Rent
Hundreds
Rent Ranges in Toronto, ON
Occupied Housing Units in Toronto, ON
Average Rent in Toronto, ON
Over the past month, the average rent for a room and studio apartment in Toronto increased by 3% to $2,000. The average rent for a 1-bedroom apartment increased by 3% to $2,541, and the average rent for a 2-bedroom apartment remained flat.
Co-Living & Rooms for Rent in Toronto, ON
The percentage of renters living with roommates in Toronto is higher than the national average. The national average of renters who have roommates is 15% to 26%, depending on the province, compared to Toronto's nearly 30 percent!
As the cost of rent in Toronto increases, so does the number of renters who share their home with others. In Toronto & GTA (Greater Toronto Area), as affordability worsens, people are more likely to either reside with family members or to seek out roommates.
As of September 2023, the average rent for a 1-bedroom apartment in Toronto, ON is $2,450. This is a 26% increase compared to the previous year.
Average Rent in GTA, Toronto, ON
| Neighborhood | Median Rent |
|---|---|
| Entertainment District | $2,650 |
| North Toronto | $2,697 |
| Stonegate-Queensway | $2,500 |
| Davisville Village | $2,500 |
| Riverdale | $2,500 |
| Edenbridge-Humber Valley Village | $2,240 |