Biltmore Apartments — Rental Market Data

Biltmore Apartments has 2 active listings as of August 31, 2026, both asking $1,638 per month for a combined average and median of $1,638. Each unit is a 400-square-foot studio priced at $4.10 per square foot. The entire active inventory is 100 percent studio layout, representing a compact entry-level profile with no multi-bedroom or executive options on the market.

The sole active layout at Biltmore Apartments is the studio, accounting for both available units and a 100 percent share of current inventory. The two studios average $1,638 per month at 400 square feet and $4.10 per square foot, with no one-bedroom, two-bedroom, or den-included tiers represented in the active listing pool.

Biltmore Apartments lists both active units at an identical $1,638 per month, producing a zero-dollar and zero-percent spread between the minimum and maximum asking rents. The entry-level suite is a 400-square-foot studio at $4.10 per square foot, and the peak asking suite is the same 400-square-foot studio at $4.10 per square foot, reflecting a uniform pricing structure across the two available units.

Biltmore Apartments does not have a quantified den premium or square-footage delta for den-included suites, as no den configurations are present in the active inventory. Parking stall costs cannot be reliably isolated from the available data due to an insufficient paired sample of listings with and without parking, so no specific monthly parking fee can be quoted for the two active studios.

Biltmore Apartments asks $1,638 per month at $4.10 per square foot, compared to the Downtown Core submarket average asking rent of $3,471 per month at $4.56 per square foot. The building's asking rate is 10.1 percent below the submarket benchmark on a per-square-foot basis, and the nominal rent gap is driven primarily by suite size: Biltmore's 400-square-foot studios are 361 square feet smaller than the submarket implied average of 761 square feet. The building represents 2 out of 224 available listings in the Downtown Core submarket, or roughly 0.9 percent of total active inventory.

Biltmore Apartments realized an average lease rent of $1,673 per month, sitting $904 below the four-comparable benchmark of $2,577. The Cosmopolitan at 25 Maitland Street (0.04 km, 3 closed leases) averaged $2,500 per month at $3.42 per square foot across 737 square feet; Teahouse – North Tower at 18 Maitland Terrace (0.07 km, 27 closed leases) averaged $2,493 per month at $5.02 per square foot across 506 square feet; Teahouse – South Tower at 501 Yonge Street (0.11 km, 66 closed leases) averaged $2,928 per month at $4.60 per square foot across 648 square feet; and Residences at 555 Yonge at 555 Yonge Street (0.15 km, 9 closed leases) averaged $2,387 per month at $3.93 per square foot across 623 square feet. Every competitor recorded active lease volume over the trailing 180 days, so each figure represents a realized transaction benchmark rather than an asking-price reference.

Biltmore Apartments leases at $4.18 per square foot across 400 square feet of interior space, placing the building's rate per square foot slightly below the four-comparable average of $4.24 per square foot while delivering 229 fewer square feet than the comp mean of 629. Against The Cosmopolitan (0.04 km), the subject commands a $0.76 per square foot premium (22.2%) but provides 337 fewer interior square feet, meaning the higher rate is offset by a materially smaller footprint that keeps the monthly rent $827 lower. Versus Teahouse – North Tower (0.07 km), the subject trades at a $0.84 per square foot discount (16.7%) while offering 106 fewer square feet, so the lower rate per square foot and smaller suite combine to produce a monthly rent $820 below the comp. Against Teahouse – South Tower (0.11 km), the subject offers a $0.42 per square foot discount (9.1%) with 248 fewer square feet, yielding a monthly rent $1,255 lower. Residences at 555 Yonge (0.15 km) sees the subject at a $0.25 per square foot premium (6.4%) but 223 fewer square feet, keeping the monthly rent $714 below that competitor. In every pairing, the nominal rent gap is driven by the subject's compact 400-square-foot studio footprint rather than a weaker per-square-foot valuation.

Biltmore Apartments offers a lean four-item amenity package—Party & Lounge Room, EV Charging Station, Rooftop Terrace, and Shared Laundry Room—against competitors fielding 9 to 13 lifestyle features each. The EV Charging Station is the subject's singular differentiator; none of the four nearby comparables, including the 2023 Teahouse towers and the 1987 Cosmopolitan, list EV infrastructure among their amenities. Conversely, every competitor provides a Gym & Fitness Centre, Sauna & Steam Room, and Concierge & Security, while the two Teahouse towers add Indoor and Outdoor Pools, Yoga Studios, and Pet Wash Stations that the subject does not offer. The subject's rooftop terrace and party lounge overlap with all four peers, but the absence of aquatic, wellness, and concierge services positions Biltmore Apartments as a no-frills, low-maintenance residential building that appeals to cost-conscious renters prioritizing a compact studio at a lower monthly outlay over amenity-rich luxury programming.