Toronto Rental Market Data & Neighbourhood Trends
Access granular residential building data, neighbourhood comps, and historical leasing metrics for 1169 tracked properties across Toronto.
Toronto Rental Market Overview
FastScreen tracks 1,434 buildings across 41 municipal submarkets in Toronto. During the latest 30-day observation window, FastScreen recorded 2,604 leases with an average realized rent of $2,766 per month ($4.29 per square foot) and an average Days on Market of 22 days. Toronto's current 30-day average rent sits $149 per month (or 5.69%) above the regional GTA benchmark of $2,617, while leasing velocity is 2 days faster than the GTA average of 24 days. Active inventory stands at 2,376 listings with an average asking rent of $3,077 per month ($4.47 per square foot), establishing an asking-versus-realized spread of $311 per month.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Toronto
Rental Inventory Analysis At A Glance for Toronto
Toronto's active rental inventory comprises 2,376 listings with an average asking rent of $3,077 per month and an average asking rate of $4.47 per square foot. Across closed transactions, the average realized rent is $2,766 per month ($4.29 per square foot) over 2,604 leases recorded in the latest 30-day period. This creates an asking-versus-realized spread of $311 per month, indicating that landlords generally adjust asking expectations downward to secure tenants. Absorption stands at 52.3%, supported by 9,233 leases over the rolling 90-day window. Among nearby municipalities, North York records 675 active listings with an effective average rent of $2,572 per month, while East York records 29 active listings at $2,577 per month.
Closed Leases
Transactions that closed in September 2026Executed lease contracts and actual realized rents agreed upon between landlords and tenants
Leasing Trends for Toronto
Toronto rental leasing velocity averaged 22 Days on Market over the latest 30-day period across 2,604 recorded leases, matching a stable short-term trajectory compared to the 90-day average DOM of 23 days and 180-day average DOM of 24 days. Toronto's 22-day leasing window is 2 days faster than the GTA 30-day DOM benchmark of 24 days. Compared to adjacent municipalities, Toronto's 22-day DOM is 1 day faster than East York's effective 23-day benchmark, 3 days faster than York's 25-day benchmark, and 5 days faster than North York's 27-day benchmark.
Toronto Neighbourhood Leaderboard & Directory
21 SubmarketsCompare average leased rents, transaction volume, active inventory, and turnover velocity across all neighbourhoods in Toronto
| Action | |||||||
|---|---|---|---|---|---|---|---|
| Downtown Core | $2,967/mo | +3.3% | 91closed | 20days | 382units | 87properties | Explore |
| North Midtown | $2,723/mo | -5.2% | 89closed | 22days | 63units | 122properties | Explore |
| Downtown East | $2,443/mo | -14.9% | 81closed | 26days | 334units | 72properties | Explore |
| CityPlace / Fort York | $2,815/mo | -2.0% | 78closed | 21days | 247units | 46properties | Explore |
| Downtown West | $2,974/mo | +3.6% | 75closed | 22days | 242units | 125properties | Explore |
| Entertainment District | $2,989/mo | +4.1% | 57closed | 22days | 59units | 51properties | Explore |
| St. Lawrence | $2,673/mo | -6.9% | 47closed | 23days | 84units | 58properties | Explore |
| Cabbagetown | $2,876/mo | +0.2% | 44closed | 19days | 203units | 67properties | Explore |
| Bloor-Yorkville | $3,708/mo | +29.2% | 40closed | 24days | 164units | 61properties | Explore |
| Liberty Village | $2,709/mo | -5.6% | 35closed | 25days | 20units | 24properties | Explore |
| East Bayfront | $2,706/mo | -5.7% | 28closed | 21days | 136units | 25properties | Explore |
| Toronto East | $2,727/mo | -5.0% | 24closed | 24days | 36units | 84properties | Explore |
| Toronto West | $3,168/mo | +10.3% | 24closed | 28days | 16units | 68properties | Explore |
| Harbourfront | $3,054/mo | +6.4% | 13closed | 25days | 26units | 37properties | Explore |
| High Park | $2,915/mo | +1.5% | 10closed | 29days | 18units | 37properties | Explore |
| South Midtown | $4,603/mo | +60.3% | 9closed | 24days | 14units | 95properties | Explore |
| Junction | $2,443/mo | -14.9% | 7closed | 17days | 13units | 26properties | Explore |
| Dovercourt | $2,463/mo | -14.2% | 4closed | 20days | 27units | 19properties | Explore |
| Parkdale | $2,350/mo | -18.1% | 4closed | 32days | 4units | 19properties | Explore |
| The Annex | $2,793/mo | -2.7% | 3closed | 21days | 7units | 44properties | Explore |
| Central Toronto | $2,025/mo | -29.5% | 1closed | 31days | 0units | 2properties | Explore |
Calculated from completed residential leases executed in September 2026 across tracked multi-family properties in that submarket.
The percentage premium or discount of that neighbourhood's average lease price relative to the overall Toronto municipal benchmark.
Total verified residential lease agreements completed and finalized in September 2026, demonstrating submarket liquidity.
The average calendar duration between the initial public listing date and the finalized binding lease agreement.
Toronto Rental Market Dynamics & Local Trends
Ontario's High-Density Urban Core & Employment Epicenter
As Canada's financial and cultural capital, Toronto represents the most liquid and competitive residential leasing market in the country. Condominium units in the Downtown Core, Yorkville, and Waterfront corridors command substantial rent premiums due to immediate walking proximity to corporate headquarters, university campuses, and world-class cultural amenities.
The city is anchored by the TTC subway network (Line 1 and Line 2), the Union Station regional transit hub, and the UP Express. Direct proximity to rapid transit stations remains a premier pricing driver, consistently accelerating transaction velocity and commanding resilient tenant demand relative to peripheral corridors.
Submarket Pricing and Turnover Synthesis
Within Toronto, average lease rates range from $2,025 in Central Toronto up to $4,603 in South Midtown, reflecting a 127% pricing spread based on building age and location. The fastest leasing velocity is currently observed in Junction, with units averaging 17 Days on Market before executing a binding lease agreement.
Month Over Month Trends
Month-over-month data indicates modest movement in Toronto's rental market. Latest 30-day lease volume reached 2,604 transactions with an average realized rent of $2,766 per month ($4.29 per square foot), compared to 3,571 leases in the prior 30-day period at an average rent of $2,746 per month ($4.32 per square foot). This represents a pre-calculated month-over-month increase of $20 per month (0.73%), accompanied by a 2-day compression in Days on Market from 24 days down to 22 days.
Longer Term Trends
FastScreen historical records show 13,270 total municipal leases in Toronto with an all-time average realized rent of $2,716 per month ($4.23 per square foot) and an average DOM of 24 days. Mid-term rolling metrics demonstrate consistent stability, with 9,233 leases over the last 90 days averaging $2,726 per month and 13,267 leases over the last 180 days averaging $2,716 per month. Overall rental dispersion spans from an entry-level floor of $250 per month to an upper ceiling of $40,000 per month, with a median rent of $2,500. The middle 50 percent of the market—represented by the interquartile range of $800—clusters tightly between a 25th percentile of $2,200 per month and a 75th percentile of $3,000 per month, reflecting consistent core pricing across standard urban apartment stock.
For Renters
Toronto renters navigating the market face an average realized rent of $2,766 per month ($4.29 per square foot) with a median rent of $2,500 per month. Overall rental dispersion spans from $250 to $40,000 per month, with the middle 50 percent of transactions clustering between $2,200 and $3,000 per month. Bedroom-level affordability exhibits clear step-ups: moving from a 1-bedroom ($2,242 per month, 526 sqft) to a 2-bedroom ($3,144 per month, 780 sqft) requires an average monthly rent step-up of $902 (40.23%) for an additional 254 square feet of space at a slightly lower rate of $4.11 per square foot compared to the 1-bedroom's $4.39 per square foot. Active inventory stands at 2,376 listings with asking rents averaging $3,077 per month, exceeding realized lease pricing by $311 per month and offering room for negotiation.
For Landlords
Toronto landlords setting pricing strategies should anchor expectations to realized transaction data rather than active asking averages. While active listings average $3,077 per month ($4.47 per square foot) across 2,376 available units, closed leases average $2,766 per month ($4.29 per square foot), establishing an asking-versus-realized spread of $311 per month. Properties lease in an average of 22 days, highlighting moderate carrying-cost risk if mispriced. Landlords must factor in bedroom-specific dynamics and parking premiums: units with parking command positive lease premiums ranging from $255 per month for 1-bedroom units up to $745 per month for 2-bedroom + den layouts, while unbundled studio units show sample composition variance rather than a true parking discount.
For Realtors
For real estate professionals structuring defensible rental CMAs in Toronto, the dataset provides robust historical and short-term benchmarks. With 2,604 latest 30-day leases averaging $2,766 per month ($4.29 per square foot) and 13,270 total historical transactions, agents can cross-reference local performance against the GTA 30-day benchmark of $2,617 per month. Toronto's 22-day leasing velocity outpaces the GTA average of 24 days by 2 days. When pricing properties, agents should account for the $311 asking-versus-realized spread and leverage submarket spreads—ranging from $2,419 in Downtown East to $3,598 in Bloor-Yorkville—to guide client expectations across Toronto's 41 tracked submarkets.
Toronto Rental Market & Leasing FAQs
Essential answers for tenants, property owners, and real estate professionals navigating Toronto
What is the average rent for a condominium or apartment in Toronto?
How much is a 1-bedroom apartment in Toronto?
How much is a 2-bedroom apartment in Toronto?
How much is a 3-bedroom apartment in Toronto?
Which neighbourhoods in Toronto are the most affordable versus most premium?
What area codes in Toronto have the most expensive rental units? What area codes have the least?
Which postal codes (FSAs) and neighbourhoods are covered in Toronto's rental data?
FastScreen aggregates verified leasing comps across 21 submarkets in Toronto. Key high-density rental corridors include:
- Downtown West M5G, M5J, M5S: $2,974/month
- North Midtown M4G, M4N, M4P: $2,723/month
- South Midtown M4T, M4V, M4W: $4,603/month
- Downtown Core M4Y, M5B, M5C: $2,967/month
- Toronto East M4C, M4E, M4J: $2,727/month
Granular building comps and historical lease rates for all outer postal districts are detailed in the neighbourhood leaderboard above.