River & Fifth — Rental Market Data

River & Fifth currently features 11 active listings as of August 31, 2026, with an asking price range spanning $1,990 to $4,200 per month, an average asking rent of $2,490 per month, and a median asking rent of $2,100 per month. Active suites average 561 square feet with an average asking rate of $4.53 per square foot. The inventory is heavily weighted toward compact entry-level suites, with 1-Bedroom layouts capturing a dominant 54.5 percent share of current availability.

The dominant active layout at River & Fifth is the 1-Bedroom tier, accounting for 6 listings and a 54.5 percent inventory share with an average asking rent of $2,065 per month across an average of 430 square feet at $4.85 per square foot. The 2-Bedroom tier provides 3 units representing a 27.3 percent share, asking an average of $2,900 per month across 717 square feet at $4.06 per square foot. Meanwhile, the 1-Bedroom + Den and 3-Bedroom+ tiers each offer a single listing representing 9.1 percent shares, with the 1-Bedroom + Den asking $2,100 per month across 550 square feet at $3.82 per square foot, and the 3-Bedroom+ asking $4,200 per month across 892 square feet at $4.71 per square foot.

River & Fifth demonstrates a minimum entry rent of $1,990 per month and a peak asking rent of $4,200 per month, creating a dollar spread of $2,210 and a percentage spread of 111.1 percent. The median asking rent stands at $2,100 per month across the building's active listings. The entry-level suite is represented by a 1-Bedroom layout spanning 400 square feet at $4.98 per square foot, whereas the peak suite is a 3-Bedroom+ layout spanning 892 square feet at $4.71 per square foot.

River & Fifth features an active den premium of $35 per month for an additional 120 square feet of interior space. This extra den space equates to a marginal cost of $0.29 per square foot. Active parking premiums cannot be reliably isolated from current listings due to an insufficient paired sample.

River & Fifth commands an average asking rent of $2,490 per month at $4.53 per square foot, comparing against the Downtown East submarket asking benchmark of $2,636 per month at $4.36 per square foot. The lower nominal rent figure is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 3.9 percent above the submarket asking benchmark while representing 5.7 percent of the submarket's 192 active listings.

River & Fifth achieves an average lease rent of $2,356 per month, which trades competitively against the overall comp average of $2,568 per month across key benchmarks including Tannery Lofts, Artworks - East Tower, 41 River, and Artsy - Artworks West Tower. Individual competitor performance highlights Tannery Lofts at 736 Dundas St E averaging $2,300 per month at $4.18 per square foot across 550 square feet; Artworks - East Tower at 130 River St averaging $2,534 per month at $4.00 per square foot across 647 square feet; 41 River at 41 River Street averaging $2,850 per month at $3.80 per square foot across 750 square feet; and Artsy - Artworks West Tower at 35 Tubman Ave averaging $2,588 per month at $4.03 per square foot across 662 square feet.

River & Fifth positions its value proposition by offering an average lease rate of $4.20 per square foot across an average footprint of 577 square feet, trading against a submarket average asking rate of $4.36 per square foot. Renters evaluating River & Fifth versus older or larger alternatives like 41 River (which averages 750 square feet at $3.80 per square foot) make direct trade-offs between modern layout efficiency, newer mechanical systems with lower utility burdens, and contemporary interior finishes versus the larger, older floor plates found in competing buildings.

River & Fifth delivers an extensive lifestyle and amenity profile that compares favorably against surrounding developments in the Downtown East micro-market. The property features signature amenities including an outdoor pool, an indoor pool, a comprehensive gym and fitness centre, a dedicated yoga studio, and a rooftop terrace. When contrasted with nearby peers such as Tannery Lofts—which offers only a concierge and security service—or Artworks - East Tower and Artsy - Artworks West Tower, which feature standard fitness rooms and terraces without aquatic facilities, River & Fifth provides a more resort-style amenity package. Similarly, while 41 River incorporates an electric car share and EV charging stations, River & Fifth outmatches it with dual indoor and outdoor pools alongside dedicated indoor kids' play rooms, perfectly serving urban professionals and young families seeking comprehensive wellness and recreational facilities on-site.