Etobicoke South Apartments for Rent & Condo Comps

Etobicoke South's average realized lease price is $2,518 per month ($3.74 per square foot), based on 32 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market spans from a 25th percentile rent of $2,200 per month to a 75th percentile rent of $2,700 per month, with a median rent of $2,350 per month. This places submarket rents at a modest discount compared to the broader Etobicoke municipal benchmark of $2,690 per month.

The average rent for a 1-bedroom apartment in Etobicoke South, Etobicoke is $2,139 per month ($3.95 per square foot) based on 30-day trailing data, while 1-bedroom plus den suites average $2,340 per month ($3.85 per square foot) over the same 30-day window. Most 1-bedroom units lease between $2,012 (25th percentile) and $2,212 (75th percentile) per month, with an average size of approximately 545 square feet.

The average rent for a 2-bedroom apartment in Etobicoke South, Etobicoke is $2,786 per month ($3.52 per square foot) based on 30-day trailing data, while 2-bedroom plus den suites average $2,883 per month ($3.58 per square foot) over the same 30-day window. Most 2-bedroom units lease between $2,600 (25th percentile) and $2,800 (75th percentile) per month, representing a rent step-up of $603 per month and an average space expansion of 231 square feet compared to standard 1-bedroom floor plans.

The average rent for a 3-bedroom apartment in Etobicoke South, Etobicoke is $4,200 per month ($3.23 per square foot) based on 30-day trailing data, while 180-day baseline figures average $3,717 per month ($3.26 per square foot across an average of 1,142 square feet). Three-bedroom suites represent a highly scarce inventory segment within the submarket, recording limited transaction volume as larger family-sized condominium units are tightly held by long-term occupants.

Within Etobicoke South, Qube Condos on the Queensway commands the highest average lease rate at approximately $3,150 per month, while entry-level private transactions across tracked submarket inventory start around $2,207 per month at The Tailor.

Etobicoke South rents average $2,518 per month, which is lower than the overall Etobicoke municipal average of $2,690 per month (a spread of $172 or 6.39%). Properties in Etobicoke South spend an average of 20 days on the market—leasing 2 days faster than the broader Etobicoke municipal benchmark of 22 days.

Condo and apartment rentals in Etobicoke South primarily fall within postal forward sortation areas (FSAs) such as M8V and M8W.

Rental listings in Etobicoke South spend an average of 20 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 2 days faster than the broader Etobicoke municipal benchmark of 22 days.

With active listings averaging $2,735 per month against closed leases at $2,518 per month—an asking-to-realized spread of $217 per month—landlords should align their asking rates with recent closed lease benchmarks rather than aspirational targets to prevent vacancy extending past the submarket average of 20 days.

Reserved parking in Etobicoke South adds an estimated $237 to $245 per month to 1-bedroom and 1-bedroom plus den rental rates, respectively, based on verified unbundled lease comps.

Standard lease agreements in Ontario require renters to set up separate accounts for suite hydro and heating/cooling power. Water service and common amenity upkeep are almost universally included in the owner's monthly maintenance fees.