Artist's Alley 2 — Rental Market Data

Artist's Alley 2 features 1 active listing as of August 31, 2026, commanding a price range of $2,200 per month with both an average rent and median rent per month of $2,200 per month. The active inventory averages 400 square feet with an asking rate of $5.50 per square foot. A 1-bedroom layout holds a 100 percent dominant share of current active listings, leaning entirely toward compact, entry-level suite configurations.

Artist's Alley 2 features a dominant active layout of 1-Bedroom units, accounting for 1 listing and a 100 percent inventory share. This single active tier offers an average rent of $2,200 per month across an average of 400 square feet at $5.50 per square foot. There are zero active units available across any other bedroom tier.

Artist's Alley 2 maintains a minimum entry rent of $2,200 per month and a peak asking rent of $2,200 per month, resulting in a dollar spread of $0 and an asking spread of 0 percent. Median asking rent rests at $2,200 per month. The entry-level 1-bedroom suite spans 400 square feet at an asking rate of $5.50 per square foot, matching the peak 1-bedroom configuration identically.

Artist's Alley 2 has no active den premium data available as den dimensions and price deltas are null. Active parking premium data cannot be reliably isolated due to an insufficient paired sample.

Artist's Alley 2 asks an average rent of $2,200 per month at $5.50 per square foot, compared to the Downtown West submarket average asking rent of $3,080 per month at $4.81 per square foot. The lower nominal monthly outlay for active units is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 14.3 percent above the submarket asking benchmark, representing a 0.6 percent share of total submarket active inventory.

Artist's Alley 2 achieves an average lease rent of $2,756 per month, positioning it above the overall competitive micro-market average of $2,561 per month alongside benchmarks such as Artists' Alley at 234 Simcoe Street and Artist's Alley - West Tower at 121 St Patrick St. Artists' Alley (234 Simcoe Street) registers an average lease rent of $2,198 per month at $5.50 per square foot across a compact 400 square foot layout. Artist's Alley - West Tower (121 St Patrick St) records an average lease rent of $2,693 per month at $4.32 per square foot across 642 square feet. Artist's Alley - East Tower (238 Simcoe St) averages $2,743 per month at $3.97 per square foot across 735 square feet. Meanwhile, the mature Residences at RCMI (426 University Ave) commands an average lease rent of $2,608 per month at $4.03 per square foot across 650 square feet.

Artist's Alley 2 establishes its value proposition by trading at an average of $4.77 per square foot across an average suite size of 592 square feet, positioning it competitively against older mid-market alternatives like Residences at RCMI at $4.03 per square foot and phase peers such as Artist's Alley - East Tower at $3.97 per square foot. Renters evaluating Artist's Alley 2 trade off slightly higher rates per square foot for brand-new 2025 construction, highly efficient modern floor plans, and state-of-the-art building systems that reduce ongoing utility burdens compared to the larger 650 square foot footprints found at Residences at RCMI or the 735 square foot layouts at Artist's Alley - East Tower. Conversely, while phase peer Artists' Alley at 234 Simcoe Street achieves a higher rate of $5.50 per square foot, it is restricted to a much smaller average suite size of 400 square feet, whereas Artist's Alley 2 provides more interior square footage for primary living spaces.

Artist's Alley 2 delivers an extensive, resort-style lifestyle and amenity profile that outpaces older nearby alternatives and matches top-tier master-planned peers in the core. Signature amenities at Artist's Alley 2 include a dedicated concierge and security service, a fully equipped gym and fitness centre, a tranquil yoga studio, an outdoor pool with an adjacent hot tub and jacuzzi, and a convenient pet wash station. When contrasted against regional competitors, Residences at RCMI offers standard fitness and party facilities plus a business centre and car-share service, but lacks the expansive outdoor pool terraces, dedicated yoga spaces, and specialized pet infrastructure found at Artist's Alley 2. This robust amenity program particularly serves urban professionals and pet owners seeking hospitality-grade conveniences without leaving the building.