Monterey Park — Rental Market Data

Monterey Park at 11 Glenburn Avenue features 1 active listing as of August 31, 2026, with an asking price range, average, and median rent of $2,195 per month. Active suites average 850 square feet at an asking rate of $2.58 per square foot. The 2-Bedroom + Den layout holds a 100% dominant inventory share, reflecting active inventory that leans entirely toward multi-bedroom executive configurations.

Monterey Park is currently dominated by the 2-Bedroom + Den tier, holding 1 active listing representing a 100% inventory share. This single available tier features an average asking rent of $2,195 per month, an average size of 850 square feet, and an average asking rate of $2.58 per square foot. All other floor plan tiers currently have zero units available for rent.

Monterey Park maintains a minimum entry rent and peak asking rent of $2,195 per month, yielding a dollar spread of $0 and an asking spread percentage of 0%. The median asking rent matches this figure at $2,195 per month. The entry-level suite is a 2-Bedroom + Den spanning 850 square feet at $2.58 per square foot, which is identical to the peak configuration.

Monterey Park currently has insufficient sample data to isolate active den premiums or square footage deltas. Active parking premium data is unreliable or based on an insufficient sample, meaning parking stall costs cannot be reliably isolated from current listings.

Monterey Park asking rents average $2,195 per month at $2.58 per square foot, trailing the East York submarket asking averages of $2,343 per month and $3.27 per square foot. The lower nominal monthly outlay reflects compact suite sizing relative to broader neighborhood stock, with the building asking rate sitting 21.1% below the submarket asking benchmark across its limited share of submarket inventory.

Monterey Park leases at an average rent that compares against an overall competitive benchmark of $2,319 per month, evaluated alongside nearby options including Parkside Hill and The Lanes Residences. Parkside Hill (4 Park Vista, 0.97 km away) reports an average lease rent of $2,232 per month at $2.56 per square foot across an average of 902 square feet with 3 active listings. The Lanes Residences (1401 O'Connor Dr, 1.02 km away) records an average lease rent of $2,405 per month at $3.53 per square foot across an average of 700 square feet with 4 active listings. Dawes Apartments (508 Dawes Road, 0.32 km away) and 500 Dawes (500 Dawes Road, 0.39 km away) currently report 0 active listings and no closed lease data within the past 180 days.

Monterey Park provides a competitive value proposition in East York, trading at a rate per square foot that reflects modern construction standards relative to nearby alternatives and the submarket benchmark of $3.54 per square foot. When compared directly to Parkside Hill (4 Park Vista), the subject trades at a $0.36 per square foot (14.1%) premium while offering 252 fewer interior square feet, as Parkside Hill averages 902 square feet at $2.56 per square foot. Conversely, when compared to The Lanes Residences (1401 O'Connor Dr), Monterey Park trades at a $0.61 per square foot (17.3%) discount below that newer development's $3.53 per square foot benchmark across a 700-square-foot average. Renters here trade off slightly more compact, highly efficient modern layouts with contemporary finishes against the larger, older footprints found in 1990s-era competing properties.

Monterey Park delivers a contemporary lifestyle and amenity package tailored to modern urban renters seeking updated building facilities within East York. While older competing properties like Dawes Apartments rely on basic offerings such as concierge security and shared laundry rooms, and 500 Dawes provides outdoor children's playgrounds and controlled access, Monterey Park incorporates advanced resident conveniences. Meanwhile, established high-rises like Parkside Hill feature extensive recreational spaces including an outdoor pool, hot tub, sauna, gym, and party room, and newer alternatives like The Lanes Residences offer dedicated yoga studios, media rooms, and rooftop terraces with BBQ areas. Monterey Park's planned amenity profile best serves young professionals and couples seeking contemporary shared spaces and low-maintenance modern living.