Rainbow Village — Rental Market Data

Rainbow Village has two active listings as of August 31, 2026, spanning a price range of $2,350 to $2,790 per month with an average and median asking rent of $2,570. The two suites average 925 square feet at a blended asking rate of $2.83 per square foot, and the inventory splits evenly between a compact one-bedroom-plus-den entry suite and a larger two-bedroom-plus-den executive layout. With only one unit in each tier, renters face single-listing scarcity rather than a broad selection across bedroom counts.

The dominant active layout at Rainbow Village is the one-bedroom-plus-den, representing one of two listings or 50 percent of available inventory at $2,350 per month over 750 square feet ($3.13 per square foot). The remaining 50 percent is a two-bedroom-plus-den at $2,790 per month across 1,100 square feet ($2.54 per square foot). Both tiers are single-listing samples, so no layout offers a second option for comparison shopping within the building.

Rainbow Village's active asking rents range from $2,350 to $2,790 per month, a $440 spread representing 18.7 percent of the entry price. The median asking rent sits at $2,570 per month, splitting the two available units. The entry-level one-bedroom-plus-den at 750 square feet asks $3.13 per square foot, while the peak two-bedroom-plus-den at 1,100 square feet comes in at $2.54 per square foot, reflecting the larger footprint diluting the per-square-foot rate.

Rainbow Village's active den premium and the associated square-footage delta cannot be quantified from the current two-listing sample, as paired den-versus-no-den comparisons are unavailable. Parking stall costs likewise cannot be reliably isolated; the data set flags the premium as an unreliable outlier or insufficient paired sample, so no specific monthly parking fee can be quoted with confidence.

Rainbow Village's average asking rent of $2,570 per month and $2.83 per square foot both trail the Scarborough West submarket benchmarks of $2,692 per month and $3.12 per square foot, placing the building 9.3 percent below the neighborhood asking rate on a per-square-foot basis. The nominal rent gap of $122 per month is explained by the building's larger average suite footprint of 925 square feet versus the submarket norm, which compresses the per-square-foot comparison further in the building's favor. Rainbow Village accounts for two out of 25 active listings in the Scarborough West submarket, a share of 8 percent.

Rainbow Village's average realized lease rent of $2,565 per month exceeds the four-comp benchmark of $2,435 per month by $130, positioning the subject above every active peer except Greystone Walk Phase 2. Rainbow Village II (2466 Eglinton Ave E, 0.14 km, 2 closed leases) averaged $2,350 per month at $2.78 per square foot over 850 square feet, meaning the subject commands $215 more per month. 20 Gilder Condos (20 Gilder Drive, 0.48 km, 1 closed lease) averaged $2,200 per month at $2.00 per square foot over 1,100 square feet, placing the subject $365 higher on a monthly basis. Greystone Walk Phase 1 (5 Greystone Walk Dr, 1.3 km, 5 closed leases) averaged $2,440 per month at $2.79 per square foot over 880 square feet, with the subject $125 higher. Greystone Walk Phase 2 (3 Greystone Walk Dr, 1.39 km, 2 closed leases) averaged $2,750 per month at $2.82 per square foot over 975 square feet, making it the only comp where the subject trades at a lower monthly rent—$185 below that building's realized average.

Rainbow Village leases at $3.04 per square foot over an average 867-square-foot suite, a rate that commands a premium over all four nearby competitors while delivering a smaller interior footprint than three of them. Against Rainbow Village II, the subject trades at a $0.26 per square foot (9.4%) premium and provides 17 more interior square feet, so the higher monthly rent reflects both a steeper rate and slightly more space. Versus 20 Gilder Condos, the subject commands a $1.04 per square foot (52%) premium but provides 233 fewer interior square feet; the $365 monthly rent gap is driven almost entirely by the smaller footprint rather than a valuation premium on the asset itself. Greystone Walk Phase 1 shows a $0.25 per square foot (9%) premium with 13 fewer interior square feet, a near-parity trade where the subject's slightly tighter suite offsets its higher rate. Greystone Walk Phase 2 presents the clearest space-versus-rate trade-off: the subject trades at a $0.22 per square foot (7.8%) premium yet provides 108 fewer interior square feet, which is why the nominal monthly rent lands $185 below that building's average—the rent differential is a function of interior scale, not a discount in asset value.

Rainbow Village offers an 11-item amenity package anchored by an indoor pool, on-site daycare, basketball court, and squash/racquetball court, a lifestyle mix that distinguishes it from the Greystone Walk phases and 20 Gilder Condos while closely mirroring its twin-tower neighbour Rainbow Village II. The on-site daycare is the single most differentiating feature in this pocket: only Rainbow Village and Rainbow Village II provide it, while both Greystone Walk phases and 20 Gilder Condos omit childcare facilities entirely. Conversely, the Greystone Walk phases offer outdoor pools, tennis and pickleball courts, rooftop terraces, and media/theatre rooms that Rainbow Village does not carry, and 20 Gilder Condos includes a meeting room absent from the subject. Rainbow Village's combination of aquatic recreation (indoor pool, sauna/steam), active sports (basketball court, squash/racquetball), family-oriented programming (daycare, outdoor children's playground), and social spaces (party/lounge, games/billiards) is best suited to young families and active professionals in Scarborough West who prioritize on-site childcare and multi-sport recreation over rooftop lounges or outdoor pool access.