Scarborough City Centre Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 26 tracked properties across Scarborough City Centre, Scarborough.
Scarborough City Centre Rental Market Overview
As of late summer 2026, the Scarborough City Centre submarket within Scarborough—anchored by postal forward sortation area M1G and spanning 26 tracked residential developments—maintains a balanced leasing tempo characterized by steady transaction velocity. Public market records show an average realized rent of $2,439 per month based on 106 closed leases over the trailing 30 days, alongside 76 active listings currently on the market. Landlord asking targets average $2,542 per month across active properties, establishing an asking-to-realized spread of $103 per month that reflects moderate negotiation room for prospective tenants.
Rental rates in the Scarborough City Centre submarket closely align with broader municipal averages, sitting just $9 or 0.37% higher than the wider Scarborough municipal benchmark of $2,430 per month. Multi-residential leasing activity is heavily concentrated in 1-bedroom plus den and standard 2-bedroom configurations, which together account for the lion's share of signed lease transactions across the submarket's tracked building inventory.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Scarborough City Centre
Closed Leases
Transactions that closed in August 2026 across Scarborough City Centre
Scarborough City Centre Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Scarborough City Centre Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Scarborough City Centre, Scarborough.
| Action | |||||
|---|---|---|---|---|---|
EQ1 at Equinox 70 Town Centre Crt | $2,707/mo | $3.46/SF | 12leases | 2units | Comps |
EQ2 at Equinox 60 Town Centre Crt | $2,420/mo | $3.52/SF | 10leases | 1unit | Comps |
Ellipse II 38 Lee Centre Dr | $2,267/mo | $3.13/SF | 9leases | 5units | Comps |
360° At The City Centre 83 Borough Dr | $2,331/mo | $3.17/SF | 8leases | 4units | Comps |
Encore at Equinox 50 Town Centre Crt | $2,157/mo | $4.54/SF | 7leases | 6units | Comps |
Ellipse I 36 Lee Centre Dr | $2,221/mo | $3.22/SF | 7leases | 4units | Comps |
Residences at the Consilium II 68 Corporate Dr | $2,803/mo | $2.88/SF | 7leases | 2units | Comps |
Equinox I 60 Brian Harrison Way | $2,404/mo | $3.56/SF | 6leases | 7units | Comps |
Equinox II 50 Brian Harrison Way | $2,392/mo | $3.84/SF | 6leases | 6units | Comps |
Centro - North Tower 25 Town Centre Crt | $2,433/mo | $3.52/SF | 6leases | 5units | Comps |
Centro - South Tower 190 Borough Dr | $2,380/mo | $3.45/SF | 5leases | 4units | Comps |
Hillsborough Court I 18 Lee Centre Dr | $2,600/mo | $2.93/SF | 4leases | 4units | Comps |
ME Living 1 30 Meadowglen Pl | $2,283/mo | $3.97/SF | 3leases | 4units | Comps |
May Tower II 11 Lee Centre Dr | $2,433/mo | $3.24/SF | 3leases | 4units | Comps |
Residences at the Consilium I 88 Corporate Dr | $2,733/mo | $4.87/SF | 3leases | 3units | Comps |
ME Living 2 20 Meadowglen Pl | $2,483/mo | $3.37/SF | 3leases | 2units | Comps |
Tricycle Condos 10 Meadowglen Pl | $2,073/mo | $3.69/SF | 3leases | 2units | Comps |
Elle Condos 1350 Ellesmere Rd | $2,350/mo | $3.92/SF | 2leases | 2units | Comps |
May Tower 1 Lee Centre Dr | $2,600/mo | $2.90/SF | 2leases | 1unit | Comps |
Forest Mansion II 123 Omni Dr | $2,575/mo | $3.14/SF | 2leases | 0units | Comps |
Omni at the City Centre 115 Omni Dr | $2,850/mo | $2.59/SF | 1lease | 4units | Comps |
Altitude 88 Grangeway Ave | $2,200/mo | $3.38/SF | 1lease | 2units | Comps |
Forest Vista 61 Town Centre Crt | $2,800/mo | $3.01/SF | 1lease | 1unit | Comps |
Hillsborough Court II 8 Lee Centre Dr | $3,540/mo | $2.72/SF | 1lease | 1unit | Comps |
Skyscape 68 Grangeway Ave | $2,700/mo | $3.18/SF | 1lease | 0units | Comps |
Forest Mansion I 125 Omni Dr | — | — | 0leases | 0units | Comps |
70 Town Centre Crt
60 Town Centre Crt
38 Lee Centre Dr
83 Borough Dr
50 Town Centre Crt
36 Lee Centre Dr
68 Corporate Dr
60 Brian Harrison Way
50 Brian Harrison Way
25 Town Centre Crt
190 Borough Dr
18 Lee Centre Dr
30 Meadowglen Pl
11 Lee Centre Dr
88 Corporate Dr
20 Meadowglen Pl
10 Meadowglen Pl
1350 Ellesmere Rd
1 Lee Centre Dr
123 Omni Dr
115 Omni Dr
88 Grangeway Ave
61 Town Centre Crt
8 Lee Centre Dr
68 Grangeway Ave
125 Omni Dr
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Scarborough City Centre.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
Scarborough City Centre Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Scarborough City Centre
As of late summer 2026, the Scarborough City Centre submarket within Scarborough—anchored by postal forward sortation area M1G and spanning 26 tracked residential developments—maintains a balanced leasing tempo characterized by steady transaction velocity. Public market records show an average realized rent of $2,439 per month based on 106 closed leases over the trailing 30 days, alongside 76 active listings currently on the market. Landlord asking targets average $2,542 per month across active properties, establishing an asking-to-realized spread of $103 per month that reflects moderate negotiation room for prospective tenants.
Rental rates in the Scarborough City Centre submarket closely align with broader municipal averages, sitting just $9 or 0.37% higher than the wider Scarborough municipal benchmark of $2,430 per month. Multi-residential leasing activity is heavily concentrated in 1-bedroom plus den and standard 2-bedroom configurations, which together account for the lion's share of signed lease transactions across the submarket's tracked building inventory.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Scarborough City Centre is currently $2,439/month ($3.49/SF), with an average leasing velocity of 30 Days on Market. Compared to the overall Scarborough municipal benchmark ($2,430/month), Scarborough City Centre trades at a 0% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Tricycle Condos ($2,073/mo) to Hillsborough Court II ($3,540/mo).
Month Over Month Trends
Month-over-month rental performance in the Scarborough City Centre submarket experienced a modest downward adjustment, with average realized lease prices shifting by -$91 or -3.60% compared to the prior 30-day window, where 132 closed leases averaged $2,530 per month. This short-term variance is primarily driven by a higher volume of compact 1-bedroom and 1-bedroom plus den transactions executing in the current period, alongside minor fluctuations in closed suite square footage rather than structural market depreciation.
Longer Term Trends & Rental Dispersion
Long-term rental performance across the Scarborough City Centre submarket demonstrates notable pricing stability, maintaining a 90-day average lease price of $2,451 per month and an 180-day average of $2,432 per month. Across the comprehensive 400-record historical sample, overall rent dispersion illustrates a well-defined market spectrum: the absolute minimum monthly lease is recorded at $1,625, while the peak luxury transaction reaches $3,540 per month.
The middle 50% of the market—defined by the interquartile range—spans from a 25th percentile rent of $2,200 to a 75th percentile rent of $2,700 per month, anchored by a median rent of $2,350 per month. This $500 interquartile spread highlights a predictable pricing gradient between entry-level multi-residential suites and premium high-floor developments.
Currently across Scarborough City Centre's 26 tracked multi-family properties, there are 76 active rental listings with an average asking rent of $2,542/month ($3.38/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,439/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in the Scarborough City Centre submarket should target the middle 50% benchmark range between $2,200 and $2,700 per month for standard multi-residential suites. Renters evaluating layout transitions will find that stepping up from a standard 1-bedroom suite to a 1-bedroom plus den adds an average of $178 per month (an 8.6% cost increase) for an additional 97 square feet of living space. Expanding from a 1-bedroom layout to a 2-bedroom suite requires a larger financial step-up of $570 per month (27.54% higher) while gaining 297 square feet (a 53.61% space increase). Moving further to a 2-bedroom plus den adds $141 per month (5.34%) for 70 extra square feet, while upgrading to a 3-bedroom suite introduces an additional cost of $481 per month (18.22%) across 154 square feet of added area. With an average of 30 days on the market, applicants face moderate competition and should prepare standard documentation and deposits promptly upon locating a suitable property.
For Landlords
Condo investors and landlords operating in the Scarborough City Centre submarket should maintain pricing discipline by anchoring lease expectations to recent closed transactions rather than peak asking targets. With active listings averaging $2,542 against closed leases at $2,439—producing an asking-to-realized spread of $103 per month—landlords who overprice outside the submarket's interquartile middle band risk extending vacancy timelines past the 30-day submarket average. Properties priced in alignment with verified 30-day realized comps benefit from a robust absorption rate of 58.2%, ensuring efficient tenant placement across the submarket's 26 tracked buildings.
For Realtors
Real Estate professionals representing clients in the Scarborough City Centre submarket operate within a high-turnover M1G postal pocket characterized by steady liquidity and 76 active properties. Agents should leverage the $103 asking-to-realized spread during lease negotiations, advising buyer or tenant clients that well-managed properties typically execute within 30 days. Maintaining awareness of building-specific variances—ranging from accessible entry points at Tricycle Condos to premium rate execution at Omni at the City Centre—ensures precise valuation and successful contract execution across 1-bedroom and 2-bedroom inventory.
Scarborough City Centre Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Scarborough City Centre, Scarborough
What is the average rent for a condominium or apartment in Scarborough City Centre, Scarborough?
Scarborough City Centre's average realized lease price is $2,439 per month ($3.49/sqft), based on 106 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the submarket spans from a 25th percentile rent of $2,200 to a 75th percentile rent of $2,700 per month, matching closely with the broader Scarborough municipal average of $2,430 per month.
How much is a 1-bedroom apartment in Scarborough City Centre?
The average rent for a 1-bedroom apartment in Scarborough City Centre, Scarborough is $2,070 per month ($3.82/sqft), while 1-bedroom plus den suites average $2,248 per month ($3.47/sqft), based on 180-day historical transaction data. Most standard 1-bedroom units lease between $1,994 (25th percentile) and $2,185 (75th percentile) per month, averaging 554 square feet across closed leases.
How much is a 2-bedroom apartment in Scarborough City Centre?
The average rent for a 2-bedroom apartment in Scarborough City Centre, Scarborough is $2,640 per month ($3.15/sqft), while 2-bedroom plus den suites average $2,781 per month ($3.12/sqft), based on 180-day historical data. Most 2-bedroom units lease between $2,500 (25th percentile) and $2,800 (75th percentile) per month, representing a $570 monthly step-up from 1-bedroom layouts while expanding living space by an average of 297 square feet.
How much is a 3-bedroom apartment in Scarborough City Centre?
The average rent for a 3-bedroom apartment in Scarborough City Centre, Scarborough is $3,121 per month ($3.15/sqft), based on 180-day tracking data encompassing 20 closed leases. Three-bedroom and larger suites represent a specialized, lower-volume inventory segment in the submarket, averaging 1,005 square feet with realized monthly rents ranging between $3,000 (25th percentile) and $3,200 (75th percentile).
What are the most affordable and premium condo and apartment buildings in Scarborough City Centre?
Within Scarborough City Centre, Omni at the City Centre commands the highest average lease rate at approximately $3,100 per month, while Tricycle Condos offers the most accessible entry point at around $2,156 per month across tracked multi-residential developments.
How does rent in Scarborough City Centre compare to the overall Scarborough average?
Scarborough City Centre rents average $2,439 per month, which is higher than the overall Scarborough municipal average of $2,430 per month (a spread of $9 or 0.37%). Properties in Scarborough City Centre spend an average of 30 days on the market—leasing 3 days slower than the broader Scarborough municipal benchmark of 27 days.
What are the postal code FSAs for Scarborough City Centre?
Condo and apartment rentals in Scarborough City Centre primarily fall within postal forward sortation areas (FSAs) such as M1G.
How fast do rental units lease in Scarborough City Centre (Days on Market)?
Rental listings in Scarborough City Centre spend an average of 30 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 3 days slower than the broader Scarborough municipal benchmark of 27 days.
How should landlords price their rental listings in Scarborough City Centre to avoid vacancy loss?
With active listings averaging $2,542 against closed leases at $2,439—an asking-to-realized spread of $103 per month—landlords in Scarborough City Centre should align asking rates closely with recent closed transaction benchmarks rather than aspirational targets to prevent vacancy periods from exceeding the submarket's 30-day average.
How much more will a unit with a parking spot in Scarborough City Centre rent for versus a unit without one?
Reserved parking in Scarborough City Centre adds an estimated $87 to $143 per month to 1-bedroom plus den and 1-bedroom rental rates, respectively, based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Scarborough City Centre rents?
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.
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