The Esplanade — Rental Market Data

The Esplanade has 4 active listings as of August 31, 2026, offering a price range of $2,300 to $3,600 per month with an average asking rent of $2,650 per month and a median asking rent of $2,350 per month. Active suites average 766 square feet with an asking rate of $3.49 per square foot. The active inventory consists entirely of 1-bedroom layouts, representing a 100% share of current availability and leaning exclusively toward compact entry-level suites rather than multi-bedroom executive layouts.

The dominant active layout at The Esplanade is the 1-bedroom suite, accounting for all 4 active listings and a 100% share of current inventory. This tier features an average asking rent of $2,650 per month, an average size of 766 square feet, and an average asking rate of $3.49 per square foot. There are zero active units available in other bedroom tiers.

The Esplanade features a minimum entry rent of $2,300 per month and a peak asking rent of $3,600 per month, creating a dollar spread of $1,300 and a percentage spread of 56.5%. The median asking rent stands at $2,350 per month across the building's active inventory. The entry-level suite consists of a 1-bedroom layout spanning 650 square feet at an asking rate of $3.54 per square foot, while the peak suite is a 1-bedroom layout offering 1,100 square feet at an asking rate of $3.27 per square foot.

The Esplanade has active den premium data that is unavailable, as active den square footage deltas and marginal price per square foot figures are null. Active parking premiums cannot be reliably isolated from current listings due to an anomalous outlier or insufficient paired sample. Prospective tenants should verify parking stall costs directly with the leasing agent.

The Esplanade asks an average rent of $2,650 per month at $3.49 per square foot, which compares to the broader St. Lawrence submarket asking benchmark of $2,934 per month at $4.51 per square foot. The lower nominal monthly outlay at the building is driven by more compact suite sizing, and the active asking rate sits 22.6% below the submarket asking benchmark while representing a 3.4% share of submarket active inventory.

The Esplanade achieves an average lease rent of $2,947 per month, sitting just below the overall comparable average of $2,985 per month across its primary competitors: London on the Esplanade - West, London on the Esplanade - East, Backstage, and L Tower. London on the Esplanade - West at 1 Scott St records an average lease rent of $2,823 per month at $4.37 per square foot across an average of 663 square feet. London on the Esplanade - East at 38 The Esplanade reports an average lease rent of $3,081 per month at $4.13 per square foot across 750 square feet. Backstage at 1 The Esplanade posts an average lease rent of $2,789 per month at $4.07 per square foot across 689 square feet. L Tower at 8 The Esplanade commands the highest tier in the immediate set with an average lease rent of $3,248 per month at $4.42 per square foot across an average of 767 square feet.

The Esplanade establishes its value position by trading at $3.67 per square foot for an average suite size of 816 square feet, undercutting the submarket asking average of $4.51 per square foot while providing more generous layouts than newer competing towers. Renters at The Esplanade trade away the ultra-modern aesthetic of newer builds for significantly larger floor plans and more affordable square footage rates. Specifically, tenants secure a larger footprint than London on the Esplanade - West (663 square feet at $4.37 per square foot), London on the Esplanade - East (750 square feet at $4.13 per square foot), Backstage (689 square feet at $4.07 per square foot), and L Tower (767 square feet at $4.42 per square foot).

The Esplanade delivers a robust lifestyle and amenity package that stands shoulder-to-shoulder with much newer developments in the St. Lawrence micro-market. The property features 12 signature amenities, including concierge and security, a gym and fitness centre, a hot tub and jacuzzi, a sauna and steam room, and a rooftop terrace. When compared against nearby peers, The Esplanade matches or exceeds standard modern offerings: London on the Esplanade - West provides a yoga studio and outdoor pool alongside its fitness areas, Backstage incorporates a garden and courtyard alongside its media room, and L Tower features shared laundry rooms and indoor pools. This comprehensive amenity ecosystem makes The Esplanade ideally suited for cost-conscious renters and professionals seeking generous square footage, full-service building features, and a central downtown address without paying peak post-2010 pricing.