307 King Apartments — Rental Market Data

307 King Apartments has six active listings as of August 31, 2026, with asking rents ranging from $1,980 to $2,099 per month, an average of $2,004 per month, and a median of $1,984 per month. The average active suite measures 821 square feet at an asking rate of $2.45 per square foot, and the inventory skews heavily toward two-bedroom layouts at 83.3 percent of available units, with a single three-bedroom-plus suite rounding out the mix. This profile positions the building as a mid-size, multi-bedroom offering rather than a compact entry-level or luxury executive product.

The dominant active layout at 307 King Apartments is the two-bedroom, with five listings representing 83.3 percent of available inventory at an average asking rent of $1,985 per month across 800 square feet and a rate of $2.48 per square foot. The three-bedroom-plus tier holds one listing at 16.7 percent share, asking $2,099 per month for 925 square feet at $2.27 per square foot. No studio or one-bedroom units are currently listed, making the two-bedroom the sole tier with meaningful selection for renters.

307 King Apartments shows an active asking spread of $119 per month, from a minimum entry rent of $1,980 to a peak asking rent of $2,099, a 6 percent range. The median asking rent sits at $1,984 per month, anchoring the cluster near the lower end of the spread. The entry-level suite is a two-bedroom at 800 square feet priced at $2.48 per square foot, while the peak listing is a three-bedroom-plus at 925 square feet asking $2.27 per square foot, meaning the larger unit commands a higher total rent despite a lower rate per square foot.

Active den premiums at 307 King Apartments cannot be quantified due to insufficient paired data, and no reliable square-footage delta or marginal cost per square foot for extra den space can be isolated. Parking stall costs are similarly unquoted; the available sample contains anomalous outliers that prevent a reliable premium figure from being established, so renters should confirm parking terms directly with the property manager before signing a lease.

307 King Apartments asks an average of $2,004 per month at $2.45 per square foot, compared to the Central Hamilton submarket asking benchmark of $2,026 per month at $2.94 per square foot. The building's rate per square foot runs 16.7 percent below the submarket asking average, a gap explained in part by the 821-square-foot average active footprint exceeding the submarket norm and offering renters more space per dollar. The building represents six out of 197 active listings in Central Hamilton, or roughly three percent of total submarket inventory.

307 King Apartments' average realized lease rent of $2,197 per month exceeds the four-comp benchmark average of $1,531 per month by $666, a gap driven largely by the subject's larger suite footprints rather than a per-square-foot premium. The two active competitors anchor the lower end of that range: 1 Jarvis at 1 Jarvis St (0.07 km, 52 closed leases) averaged $1,761 per month at $3.14 per square foot across 579 square feet, while International Village at 251 King Street E (0.12 km, 1 closed lease) averaged $1,300 per month at $3.13 per square foot across 416 square feet. The subject commands a $436-per-month higher rent than 1 Jarvis and a $897-per-month higher rent than International Village, yet in both cases the subject trades at a lower rate per square foot because its suites are materially larger. The two zero-volume references—310 King Street E (0.03 km) and 329 King E (0.07 km)—recorded no closed lease transactions over the trailing 180 days and therefore carry no realized rent benchmark against which to compare the subject.

At $2.98 per square foot and an average 756-square-foot suite, 307 King Apartments offers a more competitive rate per square foot than both active nearby alternatives while delivering substantially more interior space than either. Against 1 Jarvis (0.07 km, $3.14 per square foot, 579 square feet), the subject trades at a $0.16-per-square-foot (5.1%) discount and provides 177 more interior square feet, meaning a renter pays less per unit of space despite the higher monthly figure. Against International Village (0.12 km, $3.13 per square foot, 416 square feet), the subject's per-square-foot rate is $0.15 (4.8%) lower and the suite is 340 square feet larger, widening the space advantage considerably. The submarket-wide leased benchmark of $3.09 per square foot further confirms that 307 King Apartments sits below the Central Hamilton average on a rate-per-square-foot basis, positioning the building as a space-efficient value play for renters prioritizing interior footprint over amenity density.

307 King Apartments provides a lean lifestyle package consisting of concierge and security services plus vending machines, a deliberately minimal offering that stands in sharp contrast to the amenity-rich profile of its closest active competitor. 1 Jarvis (0.07 km) fields a full suite of common facilities including a gym and fitness centre, yoga studio, party and lounge room, meeting room, business centre, parcel lockers, and an integrated coffee bar—none of which appear at 307 King Apartments. International Village (0.12 km) and the two zero-volume references (310 King Street E and 329 King E) carry no listed amenities at all, placing the subject's concierge and security offering ahead of those three peers on a basic service level. The building's no-frills, low-maintenance profile appeals to cost-conscious professionals and small households who prioritize a larger private living area and a secure, staffed entry over shared recreational or remote-work facilities, making it a practical fit for renters who spend most of their time outside the unit and value square footage and simplicity over amenity density.