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North York Rental Market Data & Neighbourhood Trends

Access granular residential building data, neighbourhood comps, and historical leasing metrics for 404 tracked properties across North York.

North York Rental Market Overview

FastScreen tracks 306 buildings across 8 municipal submarkets in North York, providing a comprehensive data baseline for the local rental market. During the latest 30-day observation window, FastScreen recorded 644 leases at an average realized rent of $2,572 per month ($3.79 per square foot) and an average Days on Market (DOM) of 27 days. The current municipal average sits $45 per month below the broader GTA 30-day benchmark of $2,617, while operating at a 3-day slower leasing velocity compared to the GTA average of 24 days. Across 2,712 total historical transactions, North York maintains an all-time average lease price of $2,533 per month at $3.76 per square foot.

Data as of August 31, 2026. September figures will publish once the month's data is complete.

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Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across North York

Active Listings
748units
Across 404 buildings
Average Asking Rent
$2,704/mo
Market Stability
Average SF
741SF
Typical suite layout
Average Asking Price / SF
$3.81/SF
Active density benchmark
Average Days on Market
31days
Active listing age

Rental Inventory Analysis At A Glance for North York

Active rental inventory in North York stands at 675 listings with an average asking rent of $2,690 per month at $3.92 per square foot. Comparing active inventory to realized transactions reveals an asking-versus-realized spread of $118 per month, as landlords list units above final executed contract prices. The municipal absorption rate sits at 48.8%. Across submarkets, inventory depth ranges from major concentrations in North York City Centre (222 active listings) and Don Valley North (233 active listings) down to specialized low-inventory pockets like York Mills with 7 active listings. Parking inclusion significantly impacts listing and lease metrics across the municipality, with parking premiums on realized leases ranging from $105 per month for studio units up to $680 per month for 3-bedroom and larger layouts.

Closed Leases

Transactions that closed in August 2026

Executed lease contracts and actual realized rents agreed upon between landlords and tenants

Units Leased
807closed
Executed transactions
Average Leased Rent
$2,583/mo
+1.9% MoM Delta
Average Leased SF
704SF
Executed size average
Average Leased / SF
$3.81/SF
Realized per-foot rate
Average Days on Market
26days
Days to execute lease

Leasing Trends for North York

Leasing velocity in North York averaged 27 days on market over the latest 30-day observation period, matching the rolling 90-day average of 27 days and trailing the 180-day average of 28 days by 1 day. This current 27-day leasing window is 3 days slower than the GTA 30-day DOM benchmark of 24 days. Transaction volume showed moderate shifts between periods, with 644 leases recorded in the latest 30-day window compared to 728 leases in the prior 30-day period. Mid-term tracking demonstrates consistent market depth, capturing 1,913 leases over the last 90 days and 2,710 leases over the past 180 days, confirming steady transaction absorption despite slight month-over-month volume variations.

North York Neighbourhood Leaderboard & Directory

8 Submarkets

Compare average leased rents, transaction volume, active inventory, and turnover velocity across all neighbourhoods in North York

Don Valley North
90 properties · 253 active listings
$2,552
average leased
Units Leased: 357
Days on Market: 29 days
-1.2% vs CityView Comps
North York City Centre
110 properties · 222 active listings
$2,657
average leased
Units Leased: 231
Days on Market: 21 days
+2.9% vs CityView Comps
Downsview
58 properties · 95 active listings
$2,418
average leased
Units Leased: 80
Days on Market: 26 days
-6.4% vs CityView Comps
Don Mills
55 properties · 71 active listings
$2,531
average leased
Units Leased: 76
Days on Market: 28 days
-2.0% vs CityView Comps
Yorkdale
37 properties · 55 active listings
$2,525
average leased
Units Leased: 42
Days on Market: 33 days
-2.2% vs CityView Comps
Willowdale
29 properties · 23 active listings
$2,746
average leased
Units Leased: 13
Days on Market: 26 days
+6.3% vs CityView Comps
York Mills
21 properties · 7 active listings
$4,320
average leased
Units Leased: 7
Days on Market: 21 days
+67.2% vs CityView Comps
North York West
4 properties · 22 active listings
$2,200
average leased
Units Leased: 5
Days on Market: 17 days
-14.8% vs CityView Comps
Calculation Methodology & Metrics Context (August 2026)
Average Leased Rent:

Calculated from completed residential leases executed in August 2026 across tracked multi-family properties in that submarket.

Spread vs City:

The percentage premium or discount of that neighbourhood's average lease price relative to the overall North York municipal benchmark.

Units Leased:

Total verified residential lease agreements completed and finalized in August 2026, demonstrating submarket liquidity.

Average Days on Market:

The average calendar duration between the initial public listing date and the finalized binding lease agreement.

North York Rental Market Dynamics & Local Trends

Uptown Toronto's High-Density Yonge Subway Corridor

North York is defined by its vibrant Uptown core centered along Yonge Street from Sheppard to Finch. With direct access to TTC Subway Line 1 and Line 4, it represents one of the most in-demand transit hubs in Ontario.

Direct subway connections, major corporate regional offices, and convenient access to Highway 401 attract a dense demographic of tech professionals, healthcare workers, and international students.

Submarket Pricing and Turnover Synthesis

Within North York, average lease rates range from $2,200 in North York West up to $4,320 in York Mills, reflecting a 96% pricing spread based on building age and location. The fastest leasing velocity is currently observed in North York West, with units averaging 17 Days on Market before executing a binding lease agreement.

Month Over Month Trends

North York's average realized lease price moved from $2,536 per month in the prior 30-day period to $2,572 per month in the latest 30-day window, representing a pre-calculated month-over-month increase of $36 per month or 1.42%. Transaction volume shifted from 728 leases down to 644 leases over the same comparative windows. This modest pricing adjustment occurs alongside stable mid-term baselines, where 90-day average lease pricing sits at $2,548 per month across 1,913 transactions, indicating that short-term monthly movements reflect standard transactional mix shifts rather than broad market volatility.

Longer Term Trends

North York's longer-term rental performance is anchored by 2,712 historical leases averaging $2,533 per month at a realized rate of $3.76 per square foot with an all-time average DOM of 28 days. Overall rental dispersion spans a wide transactional spectrum from an entry-level floor of $1,300 per month to an upper ceiling of $10,500 per month, with a municipal median rent of $2,400 per month. The middle 50 percent of the market—measured by the interquartile range of $600—clusters tightly between a 25th percentile rent of $2,200 per month and a 75th percentile ceiling of $2,800 per month. Rolling mid-term metrics reinforce this stability, with 90-day leasing averaging $2,548 per month across 1,913 transactions and 180-day leasing averaging $2,533 per month across 2,710 transactions.

For Renters

Renters evaluating North York can utilize clear bedroom-level benchmarks and space-efficiency data to navigate the market. Overall rental dispersion shows a median rent of $2,400 per month, with the middle 50 percent of the market clustering between $2,200 (25th percentile) and $2,800 (75th percentile) per month. Step-up economics between bedroom categories show distinct pricing and space transitions: upgrading from a 1-bedroom (averaging $2,144 per month across 541 sqft) to a 1-bedroom plus den adds $213 per month (+9.93%) for an extra 97 square feet. Moving from a standard 1-bedroom to a 2-bedroom unit (averaging $2,844 per month across 825 sqft) requires a rent step-up of $700 per month (+32.65%) for an additional 284 square feet of space. Landlords currently achieve an average asking-versus-realized spread of $118 per month, indicating that renters have room to negotiate relative to initial asking prices.

For Landlords

Landlords pricing rental inventory in North York must balance active municipal competition against realized transaction data. Across 675 active listings, average asking rents sit at $2,690 per month ($3.92 per sqft), which exceeds the latest 30-day realized lease average of $2,572 per month ($3.79 per sqft) by an average spread of $118 per month. Overpricing relative to this realized baseline risks extending days on market beyond the municipal 27-day average and incurring carrying costs. Property owners should also factor in parking configuration: unbundled units or properties without parking face distinct pricing discounts, whereas parking stalls command realized monthly premiums ranging from $105 for studios up to $680 for 3-bedroom configurations. Utilizing closed lease benchmarks rather than peak asking prices ensures competitive positioning and faster tenant absorption.

For Realtors

Real estate professionals structuring rental CMAs in North York can leverage robust historical transaction depth combined with active regional benchmarks. With 2,712 historical leases and 644 recent 30-day transactions, agents have access to dependable statistical baselines. When local velocity shows a 27-day DOM—trailing the GTA 30-day benchmark of 24 days by 3 days—agents should guide landlord clients using realized-versus-asking spreads ($118 per month municipal average) to establish defensible list prices. Submarket analysis reveals wide valuation spreads, from Yorkdale's $2,344 average to York Mills' $3,859 average, requiring hyper-local comparable selection rather than municipal-wide averaging. Furthermore, nearby municipal comparisons—such as Toronto's 2,604 monthly leases at an effective average of $2,766 per month—provide vital context for clients evaluating cross-border options.

Frequently Asked Questions

North York Rental Market & Leasing FAQs

Essential answers for tenants, property owners, and real estate professionals navigating North York

What is the average rent for a condominium or apartment in North York?
North York's average realized lease price for an apartment or condominium is $2,572 per month ($3.79 per square foot), based on FastScreen's latest 30-day transaction sample of 644 recorded leases with an average DOM of 27 days. The broader historical baseline records 2,712 total transactions at an all-time average lease price of $2,533 per month ($3.76 per square foot). Overall municipal rent dispersion ranges from a minimum of $1,300 to a maximum of $10,500 per month, with a median rent of $2,400 per month and an interquartile range spanning between $2,200 (25th percentile) and $2,800 (75th percentile) per month.
How much is a 1-bedroom apartment in North York?
North York's average realized lease price for a 1-bedroom apartment is $2,144 per month ($4.06 per square foot), based on FastScreen's historical transaction records of 761 recorded leases with an average unit size of 541 square feet. Active listings in this category average $2,253 per month ($4.24 per sqft across 552 sqft), reflecting an asking-versus-realized spread of $109 per month. Units leased with parking achieved an average realized rent of $2,201 per month compared to $2,003 per month for units without parking, establishing an average realized parking premium of $198 per month.
How much is a 2-bedroom apartment in North York?
North York's average realized lease price for a 2-bedroom apartment is $2,844 per month ($3.52 per square foot), based on FastScreen's historical transaction records of 720 recorded leases with an average unit size of 825 square feet. Active listings average $3,006 per month ($3.72 per sqft across 832 sqft), indicating an asking-versus-realized spread of $162 per month. Realized transactions with parking averaged $2,869 per month compared to $2,435 per month without parking, representing an average realized parking premium of $434 per month.
How much is a 3-bedroom apartment in North York?
North York's average realized lease price for a 3-bedroom or larger apartment is $3,702 per month ($3.69 per square foot), based on FastScreen's historical transaction records of 74 recorded leases with an average unit size of 1,077 square feet. Active inventory features 24 listings with an average asking rent of $4,238 per month ($4.46 per sqft across 1,179 sqft), establishing an asking-versus-realized spread of $536 per month. Units leased with parking averaged $3,730 per month compared to $3,050 per month without parking, yielding an average realized parking premium of $680 per month.
Which neighbourhoods in North York are the most affordable versus most premium?
North York's rental market encompasses 8 distinct submarkets tracked by FastScreen, establishing a wide affordability and pricing spectrum across the municipality. The highest rental benchmark is located in York Mills, which records the highest submarket average at $3,859 per month across 19 buildings and 23 historical leases. Conversely, the most affordable submarket is Yorkdale, which records an average lease price of $2,344 per month across 18 buildings and 125 historical leases. This creates a total submarket spread of $1,515 per month (64.63%) between the municipality's highest and lowest priced tracked submarkets.
What area codes in North York have the most expensive rental units? What area codes have the least?
North York's postal FSA data highlights key rental area codes such as M2H and M2J. Within FastScreen's tracked municipal dataset, rental pricing varies across local postal geographies, anchored by the municipality's 306 total tracked buildings and 8 submarkets. While overarching municipal rent averages $2,572 per month during the latest 30-day window, FSA-level variations reflect the specific building density and unit mix contained within each postal code area.
Which postal codes (FSAs) and neighbourhoods are covered in North York's rental data?

FastScreen aggregates verified leasing comps across 8 submarkets in North York. Key high-density rental corridors include:

  • North York City Centre M2M, M2N, M5P: $2,657/month
  • Don Valley North M2H, M2J, M2K: $2,552/month
  • Downsview M3H, M3J, M3K: $2,418/month
  • Don Mills M1R, M3A, M3B: $2,531/month
  • Yorkdale M3K, M6A, M6B: $2,525/month

Granular building comps and historical lease rates for all outer postal districts are detailed in the neighbourhood leaderboard above.

How fast do rental properties lease in North York?
Rental properties in North York lease in an average of 27 days, based on FastScreen's latest 30-day average DOM across 644 recorded transactions. This current 27-day leasing velocity matches the rolling 90-day average of 27 days and is 3 days slower than the GTA 30-day DOM benchmark of 24 days. When compared against nearby municipal benchmarks, North York's leasing velocity is 4 days slower than East York's 23-day effective average, 5 days slower than Toronto's 22-day effective average, and 2 days slower than York's 25-day effective average.
How much more will a unit with a parking spot in North York rent for versus a unit without one?
In North York, rental units leased with a parking spot commanded an average monthly premium ranging from $105 for studio layouts up to $680 for 3-bedroom and larger units over equivalent units leased without parking. Specifically, 1-bedroom units leased with parking averaged $2,201 per month compared to $2,003 without parking ($198 premium), 1-bedroom plus den units realized a $228 parking premium ($2,392 vs. $2,164), 2-bedroom units realized a $434 parking premium ($2,869 vs. $2,435), 2-bedroom plus den units realized a $506 parking premium ($3,192 vs. $2,686), and 3-bedroom units realized a $680 parking premium ($3,730 vs. $3,050).
How should North York landlords price their rental units to prevent vacancy?
North York landlords should price rental units by anchoring their strategy to closed realized transaction data rather than peak asking figures. With active listings averaging $2,690 per month against a latest 30-day realized lease average of $2,572 per month—reflecting an asking-versus-realized spread of $118 per month—overpriced listings risk extending days on market beyond the municipal 27-day average. Landlords must also incorporate bedroom-specific parking premiums, which add between $105 per month for studios and $680 per month for 3-bedroom units, ensuring listing prices accurately reflect parking inclusion and local submarket comparables.
Are parking spaces, lockers, and utilities included in North York rents?
FastScreen's municipal rental dataset for North York tracks parking inclusion and parking premiums across all major bedroom categories, demonstrating clear pricing differentials between units leased with and without parking stalls. The available transaction data does not independently detail separate municipal inclusion rates for municipal utilities, hydro, water, or storage lockers beyond documented parking allocations and unit square footage metrics.