North York City Centre Apartments for Rent & Condo Comps

North York City Centre's average realized lease price is $2,668 per month ($3.85 per square foot), based on 205 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges from $2,250 to $2,950 per month, placing local rents at a 3.73% premium compared to the broader North York municipal average of $2,572 per month.

The average rent for a 1-bedroom apartment in North York City Centre, North York is $2,206 per month ($4.29 per square foot) based on 30-day data, while 1-bedroom plus den suites average $2,434 per month ($3.74 per square foot) across a 30-day lookback window. Most standard 1-bedroom units lease between $2,100 per month (25th percentile) and $2,290 per month (75th percentile), with an average size of 545 square feet.

The average rent for a 2-bedroom apartment in North York City Centre, North York is $2,996 per month ($3.54 per square foot) based on 30-day data, while 2-bedroom plus den suites average $3,291 per month ($4.02 per square foot). Most 2-bedroom units lease between $2,750 per month (25th percentile) and $3,100 per month (75th percentile), representing an average rent step-up of $768 per month and 323 additional square feet compared to 1-bedroom configurations.

The average rent for a 3-bedroom apartment in North York City Centre, North York is $3,458 per month ($3.38 per square foot), based on trailing 30-day data encompassing 6 closed transactions. Three-bedroom suites represent a scarce inventory segment in the submarket, offering an average of 1,069 square feet of living space.

Within North York City Centre, The Atrium II commands the highest average lease rate at approximately $4,500 per month, while Pied a Terre in Avondale offers the most accessible entry point at around $1,867 per month.

North York City Centre rents average $2,668 per month, which is higher than the overall North York average of $2,572 per month (a spread of $96 per month or 3.73%). Properties in North York City Centre spend an average of 22 days on the market—leasing 5 days faster than the broader North York municipal benchmark of 27 days.

Condo and apartment rentals in North York City Centre primarily fall within postal forward sortation areas (FSAs) such as M2M.

Rental listings in North York City Centre spend an average of 22 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 5 days faster than the broader North York municipal benchmark of 27 days.

With active listings averaging $2,738 per month against closed leases at $2,668 per month—an asking-to-realized spread of $70 per month—landlords in North York City Centre should price units in strict alignment with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the 22-day submarket average.

Reserved parking in North York City Centre adds an estimated $139 to $384 per month across 1-bedroom and 2-bedroom layouts, 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.