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Scarborough Rental Market Data & Neighbourhood Trends

Access granular residential building data, neighbourhood comps, and historical leasing metrics for 204 tracked properties across Scarborough.

Scarborough Rental Market Overview

Scarborough's rental market is monitored across 139 buildings and 6 FastScreen-tracked submarkets, anchored by Scarborough City Centre and Scarborough North. During the latest 30-day leasing window, FastScreen recorded 280 transactions with an average realized lease price of $2,430 per month at a rate of $3.63 per square foot. This places the municipality $187 per month below the broader GTA 30-day benchmark of $2,617, while operating at an average Days on Market of 27 days—3 days slower than the GTA regional average of 24 days.

Active Rental Inventory

Listed and Tracked by FastScreen as of September 2026

Current publicly listed rental units and asking prices across Scarborough

Active Listings
323units
Across 204 buildings
Average Asking Rent
$2,509/mo
Market Stability
Average SF
798SF
Typical suite layout
Average Asking Price / SF
$3.33/SF
Active density benchmark
Average Days on Market
37days
Active listing age

Rental Inventory Analysis At A Glance for Scarborough

Active supply across Scarborough stands at 240 listings with an average asking rent of $2,561 per month ($3.42 per square foot). Comparing asking rates to closed leasing activity reveals an overall asking-versus-realized spread of $131 per month, indicating that landlords secure transactions slightly below initial list prices. Absorption velocity is recorded at 53.8 percent based on active listings relative to recent transaction volume. Among adjacent municipalities, East York records an effective average rent of $2,577 per month across 29 active listings, while Markham tracks 195 active listings with an effective average rent of $2,506 per month.

Closed Leases

Transactions that closed in September 2026

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

Units Leased
79closed
Executed transactions
Average Leased Rent
$2,389/mo
-2.4% MoM Delta
Average Leased SF
734SF
Executed size average
Average Leased / SF
$3.47/SF
Realized per-foot rate
Average Days on Market
28days
Days to execute lease

Leasing Trends for Scarborough

Scarborough recorded 280 leases over the latest 30-day period with an average Days on Market of 27 days, compared to 326 leases during the prior 30-day window at an average DOM of 29 days across the rolling 180-day baseline. Mid-term benchmarks show stabilization, with 832 leases recorded over the last 90 days at an average price of $2,405 per month ($3.51 per square foot, 28 days DOM) and 1,090 leases over the last 180 days at $2,392 per month ($3.49 per square foot, 29 days DOM). Scarborough's 27-day leasing velocity matches North York (27 days) and Markham (27 days), while trailing East York's effective 23-day DOM by 4 days.

Scarborough Neighbourhood Leaderboard & Directory

6 Submarkets

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

Scarborough North
79 properties · 111 active listings
$2,363
average leased
Units Leased: 27
Days on Market: 27 days
-1.1% vs CityView Comps
Scarborough City Centre
29 properties · 78 active listings
$2,447
average leased
Units Leased: 23
Days on Market: 35 days
+2.4% vs CityView Comps
Scarborough South
29 properties · 43 active listings
$2,315
average leased
Units Leased: 12
Days on Market: 21 days
-3.1% vs CityView Comps
Scarborough West
32 properties · 52 active listings
$2,497
average leased
Units Leased: 9
Days on Market: 34 days
+4.5% vs CityView Comps
Scarborough East
34 properties · 37 active listings
$2,303
average leased
Units Leased: 8
Days on Market: 19 days
-3.6% vs CityView Comps
Central Scarborough
1 properties · 2 active listings
$2,404
average leased
Units Leased: 6
Days on Market: 12 days
+0.6% vs CityView Comps
Calculation Methodology & Metrics Context (September 2026)
Average Leased Rent:

Calculated from completed residential leases executed in September 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 Scarborough municipal benchmark.

Units Leased:

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

Average Days on Market:

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

Scarborough Rental Market Dynamics & Local Trends

East Toronto's Emerging Value & Transit Growth Sector

Scarborough provides accessible condominium pricing with expansive green spaces, centered around Scarborough City Centre, Birch Cliff, and Kingston Road corridors.

The upcoming Scarborough Subway Extension and existing GO transit links along the Lakeshore East line continue to drive strong residential revitalization.

Submarket Pricing and Turnover Synthesis

Within Scarborough, average lease rates range from $2,303 in Scarborough East up to $2,497 in Scarborough West, reflecting a 8% pricing spread based on building age and location. The fastest leasing velocity is currently observed in Central Scarborough, with units averaging 12 Days on Market before executing a binding lease agreement.

Month Over Month Trends

Month-over-month transaction volume shifted from 326 leases in the prior 30-day period to 280 leases in the latest 30-day window, accompanied by a pre-calculated MoM rent change of -$6 per month (-0.25 percent) from $2,436 down to $2,430 per month. Realized square foot rates moved from $3.49 to $3.63 per square foot. Because both observation windows maintain robust transaction volume above 200 leases, this slight adjustment reflects minor compositional mix shifts across unit types rather than seasonal transaction noise.

Longer Term Trends

Scarborough's historical dataset comprises 1,090 total recorded leases with an all-time average rent of $2,392 per month ($3.49 per square foot) and a historical DOM of 29 days. Overall rental dispersion spans from an entry-level floor of $1,400 to an upper ceiling of $5,000 per month, with a median rent of $2,300. The middle 50 percent of the market clusters tightly between a 25th percentile of $2,100 and a 75th percentile of $2,650 per month, yielding an interquartile spread of $550 that reflects consistent core apartment and condominium pricing.

For Renters

Renters evaluating Scarborough will find that the municipality offers a more affordable entry point than the broader GTA, sitting $187 per month below regional averages. Overall rental dispersion shows standard units clustering in the middle 50 percent between $2,100 and $2,650 per month, supported by a median rent of $2,300. Moving from a 1-bedroom unit (averaging $2,031 per month across 534 square feet) to a 2-bedroom unit ($2,627 per month across 837 square feet) requires a rent step-up of $596 per month (29.35 percent) for an additional 303 square feet of space at a slightly more efficient rate of $3.23 per square foot compared to the 1-bedroom rate of $3.91 per square foot.

For Landlords

Landlords pricing properties in Scarborough should anchor valuation strategies on closed lease transactions rather than active asking inventory. With an overall asking-versus-realized spread of $131 per month—and bedroom-level spreads ranging from $59 for 1-bedroom units to $199 for studios—properties listed above realized market benchmarks face extended marketing times beyond the 27-day average. Landlords must evaluate bedroom-specific pricing corridors, such as the 2-bedroom realized average of $2,627 per month ($3.23 per square foot), and account for local competition across active listings before setting list prices.

For Realtors

For real estate professionals structuring a rental CMA in Scarborough, the dataset provides strong empirical depth across 1,090 historical leases and 240 active listings. With a latest 30-day volume of 280 transactions averaging $2,430 per month ($3.63 per square foot, 27 days DOM), agents can effectively utilize rolling 90-day ($2,405 per month) and 180-day ($2,392 per month) benchmarks to smooth monthly transaction mix shifts. Comparing Scarborough's 7.15 percent rent discount relative to the GTA alongside regional peer metrics in Markham ($2,506) and North York ($2,572) enables agents to justify competitive pricing strategies.

Frequently Asked Questions

Scarborough Rental Market & Leasing FAQs

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

What is the average rent for a condominium or apartment in Scarborough?
Scarborough's average realized lease price for an apartment or condominium is $2,430 per month ($3.63 per square foot), based on FastScreen's latest 30-day transaction records of 280 leases. The historical all-time municipal lease average stands at $2,392 per month across 1,090 total recorded transactions, with a median rent of $2,300 and a full transactional range spanning from $1,400 to $5,000 per month. Scarborough's realized rent is $187 per month below the broader GTA 30-day average of $2,617.
How much is a 1-bedroom apartment in Scarborough?
Scarborough's average realized lease price for a 1-bedroom apartment is $2,031 per month ($3.91 per square foot), based on FastScreen's historical transaction records of 215 recorded leases with an average unit size of 534 square feet. Asking rents average $2,090 per month ($3.70 per square foot across 593 square feet), reflecting an asking-versus-realized spread of $59 per month. During the latest 30-day window, 1-bedroom units recorded 52 leases at an average rent of $2,062 per month ($3.96 per square foot).
How much is a 2-bedroom apartment in Scarborough?
Scarborough's average realized lease price for a 2-bedroom apartment is $2,627 per month ($3.23 per square foot), based on FastScreen's historical transaction records of 325 recorded leases with an average unit size of 837 square feet. Asking rents average $2,768 per month ($3.34 per square foot across 874 square feet), establishing an asking-versus-realized spread of $141 per month. Two-bedroom units represent the largest bedroom-level transaction sample in the municipal dataset, with 75 leases recorded during the latest 30-day window at an average rent of $2,693 per month.
How much is a 3-bedroom apartment in Scarborough?
Scarborough's average realized lease price for a 3-bedroom or larger apartment is $3,027 per month ($3.00 per square foot), based on FastScreen's historical transaction records of 52 recorded leases with an average unit size of 1,047 square feet. Asking rents average $3,213 per month ($3.03 per square foot across 1,071 square feet), leaving an asking-versus-realized spread of $186 per month. Recent activity includes 16 leases recorded over the last 30 days at an average price of $3,063 per month ($2.85 per square foot).
Which neighbourhoods in Scarborough are the most affordable versus most premium?
Scarborough's rental market spans 6 FastScreen-tracked submarkets. Scarborough City Centre represents the highest rental benchmark with an average lease price of $2,432 per month across 400 recorded leases and 76 active listings, while Don Mills records the lowest rental benchmark at $1,750 per month across 1 lease and 1 active listing. Across all tracked submarkets, average rents range from Don Mills' $1,750 per month up to Scarborough City Centre's $2,432 per month, creating a municipal submarket spread of $682 per month (38.97 percent).
What area codes in Scarborough have the most expensive rental units? What area codes have the least?
FastScreen tracks postal area codes including M1B within Scarborough. Because the available municipal dataset does not break down transaction metrics across multiple distinct postal FSAs in sufficient detail to establish a comparative ranking, a detailed premium versus affordable area code analysis cannot be generated for individual postal codes at this time.
Which postal codes (FSAs) and neighbourhoods are covered in Scarborough's rental data?

FastScreen tracks residential lease transactions across Scarborough's primary postal code districts (FSAs):

  • Scarborough North L3R, M1P, M1S, M1T: $2,363/month average leased rent
  • Scarborough East M1B, M1C, M1E, M1J: $2,303/month average leased rent
  • Scarborough West M1J, M1K, M1L, M1P: $2,497/month average leased rent
  • Scarborough City Centre M1G, M1H, M1P: $2,447/month average leased rent
  • Scarborough South M1G, M1J, M1L, M1M: $2,315/month average leased rent
How fast do rental properties lease in Scarborough?
Rental properties in Scarborough lease in an average of 27 days, based on FastScreen's latest 30-day transaction data across 280 recorded leases. This 27-day leasing velocity matches Markham's 27-day effective benchmark and North York's 27-day effective benchmark, while trailing East York's 23-day effective benchmark by 4 days. Historical all-time Days on Market for Scarborough stands at 29 days across 1,090 recorded leases.
How much more will a unit with a parking spot in Scarborough rent for versus a unit without one?
FastScreen cannot establish a reliable municipal parking premium for Scarborough because the available unbundled sample reflects unit mix or size differences rather than a true parking discount, as 1-bedroom units leased without parking recorded higher average square-footage rates ($4.19 per square foot versus $3.77 per square foot for units with parking).
How should Scarborough landlords price their rental units to prevent vacancy?
Scarborough landlords should price rental units by aligning list prices with closed transaction averages rather than peak asking inventory. With an overall asking-versus-realized spread of $131 per month across active listings and closed leases, properties priced above current realized benchmarks—such as the municipal average of $2,430 per month or bedroom-specific rates like $2,627 for 2-bedroom units—risk exceeding the 27-day average Days on Market velocity and accumulating vacancy carry costs.
Are parking spaces, lockers, and utilities included in Scarborough rents?
Scarborough's municipal rental dataset from FastScreen contains explicit transaction records categorized by parking inclusion, showing that units are tracked across both with-parking and without-parking configurations (such as 1-bedroom leases averaging $2,047 per month with parking and $1,999 per month without parking). The dataset does not contain specific information regarding lockers, hydro, water, or general utility inclusion rates.