CityPlace / Fort York Apartments for Rent & Condo Comps

CityPlace / Fort York's average realized lease price is $2,804 per month ($4.38 per square foot), based on 205 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market ranges between $2,300 (25th percentile) and $3,100 (75th percentile) per month, positioning submarket rates at a nominal 0.6% discount compared to the broader Toronto municipal average of $2,821 per month.

The average rent for a 1-bedroom apartment in CityPlace / Fort York, Toronto is $2,338 per month ($4.55 per square foot) based on 30-day tracking data through September 30, 2026, while 1-bedroom plus den suites average $2,613 per month ($4.21 per square foot). Most 1-bedroom units lease between $2,200 (25th percentile) and $2,400 (75th percentile) per month, with an average tracked size of 524 square feet.

The average rent for a 2-bedroom apartment in CityPlace / Fort York, Toronto is $3,352 per month ($4.34 per square foot) based on 30-day tracking data through September 30, 2026, while 2-bedroom plus den suites average $3,614 per month ($4.48 per square foot). Most 2-bedroom units lease between $3,000 (25th percentile) and $3,500 (75th percentile) per month, representing an average price step-up of $1,010 per month and 260 additional square feet compared to standard 1-bedroom layouts.

The average rent for a 3-bedroom apartment in CityPlace / Fort York, Toronto is $4,158 per month ($3.70 per square foot), based on trailing 30-day data ending September 30, 2026. Three-bedroom and larger suites represent a scarce inventory segment comprising 35 total historical leases, with an average tracked unit size of 1,077 square feet and a middle 50% leasing range between $3,800 and $4,850 per month.

Within CityPlace / Fort York, Optima at Cityplace commands the highest average lease rate at approximately $4,047 per month, while Neptune 2 at Water Park City offers the most accessible entry point at around $2,347 per month across tracked multi-residential developments.

CityPlace / Fort York rents average $2,804 per month, which is lower than the overall Toronto average of $2,821 per month (a spread of $17 or 0.6%). Properties in CityPlace / Fort York spend an average of 17 days on the market—leasing 1 day faster than the broader Toronto municipal benchmark of 18 days.

Condo and apartment rentals in CityPlace / Fort York primarily fall within postal forward sortation areas (FSAs) such as M5V.

Rental listings in CityPlace / Fort York spend an average of 17 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 1 day faster than the broader Toronto municipal benchmark of 18 days.

With active listings averaging $3,399 per month against closed leases at $2,804 per month—an asking-to-realized spread of $595 per month—landlords should align pricing closely with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy timelines from stretching past the submarket average of 17 days.

Reserved parking in CityPlace / Fort York adds an estimated $44 to $221 per month across studio, 1-bedroom, and 2-bedroom rental rates, based on verified unbundled lease comps.

Tenants in modern Ontario condos should budget separately for hydro and heat pump consumption. Bulk water service and structural maintenance are bundled into the building corporation's operating expenses and paid by the landlord.