The Clarendon — Rental Market Data

The Clarendon features 5 active listings as of August 31, 2026, with a total price range spanning from $2,395 to $6,395 per month, an average asking rent of $4,115 per month, and a median asking rent of $2,995 per month. Active suites average 710 square feet at an asking rate of $5.81 per square foot. Studio and 2-bedroom tiers share dominant status with 40 percent of inventory each, indicating that current availability splits evenly between compact entry-level suites and multi-bedroom executive layouts.

The Clarendon features 2-bedroom suites and studios as the dominant active layouts, each commanding 2 listings and a 40 percent inventory share. The 2-bedroom tier offers 2 units averaging $6,395 per month across 1,100 square feet at $5.81 per square foot. Studios account for 2 units averaging $2,395 per month across 400 square feet at $5.99 per square foot. The remaining inventory consists of a single 1-bedroom listing representing a 20 percent share, averaging $2,995 per month across 550 square feet at $5.45 per square foot.

The Clarendon records a minimum entry rent of $2,395 per month and a peak asking rent of $6,395 per month, creating a dollar spread of $4,000 per month and a percentage spread of 167 percent. The median asking rent sits at $2,995 per month. The entry-level suite consists of a 400-square-foot studio asking $5.99 per square foot, while the peak suite is a 1,100-square-foot 2-bedroom asking $5.81 per square foot.

The Clarendon has active den premium data that is currently unavailable due to a null square footage delta and unquantified marginal cost per square foot. Active parking premiums cannot be reliably isolated due to an anomalous outlier or insufficient paired sample. Prospective tenants should verify parking stall availability and associated fees directly with management.

The Clarendon asks an average of $4,115 per month at $5.81 per square foot, comparing to the South Midtown submarket asking benchmark of $4,012 per month at $4.64 per square foot. The higher nominal monthly rent is driven by larger average suite sizing relative to the wider area. The building's asking rate per square foot stands 25.2 percent above the submarket asking benchmark, backed by an active inventory count of 5 units.

The Clarendon commands an average lease rent that positions it competitively against the overall comparable average of $2,565 per month across the local benchmark set. Individual competitor performance includes The Claridge at 1 Clarendon Ave, reporting an average lease rent of $2,980 per month at $3.51 per square foot across an average of 850 square feet. Meanwhile, 150 Farnham at 150 Farnham Ave records an average lease rent of $2,650 per month at $3.30 per square foot across 800 square feet. 423 Avenue Condos at 423 Avenue Road achieves an average lease rent of $2,450 per month at $4.45 per square foot across 550 square feet. Finally, Mayfair Mansions at 394-398 Avenue Road posts an average lease rent of $2,180 per month at $3.81 per square foot across an average of 600 square feet.

The Clarendon establishes its value proposition by balancing modern interior layouts against older area alternatives, trading at premiums that reflect its newer 2017 completion year and optimized spatial planning. Renters comparing The Clarendon against 423 Avenue Condos (built in 1976, averaging 550 square feet at $4.45 per square foot) or Mayfair Mansions (built in 1931, averaging 600 square feet at $3.81 per square foot) gain significantly larger interior footprints without sacrificing finish quality. Similarly, when evaluated against 150 Farnham (built in 1972, averaging 800 square feet at $3.30 per square foot) and The Claridge (built in 2017, averaging 850 square feet at $3.51 per square foot), tenants benefit from modern energy efficiency, contemporary mechanical systems, and reduced maintenance burdens compared to aging structural stock.

The Clarendon delivers an elevated lifestyle and amenity profile that outpaces many traditional and mid-century peers in the immediate South Midtown micro-market. Residents at The Clarendon enjoy an extensive amenity package featuring a shared laundry room, an EV charging station, a gym and fitness centre, a sauna and steam room, a party and lounge room, a games and billiards room, a rooftop terrace, and a garden and courtyard. By comparison, 150 Farnham offers a concierge and security service, a shared laundry room, a gym and fitness centre, an indoor pool, a sauna and steam room, and a garden and courtyard, while 423 Avenue Condos provides a concierge and security service, a rooftop terrace, a garden and courtyard, and a pet wash station. Mayfair Mansions features a more limited baseline including a concierge and security service, an EV charging station, and a shared laundry room, whereas The Claridge lists no active competitor amenities in the current dataset. This robust selection makes The Clarendon particularly attractive to professionals and modern urbanites seeking comprehensive on-site wellness, entertainment, and outdoor spaces within an established development scale.