Downtown East Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 72 tracked properties across Downtown East, Toronto.
Downtown East Rental Market Overview
Rental market activity across Downtown East, Toronto (postal FSA M5A) through the end of August 2026 exhibits high absorption and rapid property turnover. Based on 328 closed leases over the trailing 30 days, the effective average realized rent sits at $2,430 per month across 72 tracked buildings, operating alongside 209 active listings currently on the market. Landlords maintain an average asking rent of $2,598 across active inventory, reflecting a $168 spread between initial asking targets and final executed lease contracts.
Compared to the broader Toronto municipal benchmark average of $2,766 per month, Downtown East provides a notable value discount of $336 per month (or 12.15%). Transaction volume is heavily concentrated in 1-bedroom and 2-bedroom configurations, supported by a healthy absorption rate of 61.1% that highlights steady tenant demand across the submarket's multi-residential leasing pool.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Downtown East
Closed Leases
Transactions that closed in September 2026 across Downtown East
Downtown East Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Downtown East Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Downtown East, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Daniels on Parliament 10 Oak Street | $2,135/mo | $3.96/SF | 47leases | 1unit | Comps |
on Parliament 30 Dreamers Way | $2,108/mo | $3.85/SF | 25leases | 4units | Comps |
365 Church 365 Church St | $2,579/mo | $4.30/SF | 14leases | 5units | Comps |
The Wyatt 20 Tubman Ave | $2,361/mo | $4.22/SF | 9leases | 1unit | Comps |
Dundas Square Gardens 251 Jarvis St | $2,107/mo | $4.46/SF | 7leases | 15units | Comps |
Social at Church + Dundas 100 Dalhousie St | $2,569/mo | $4.20/SF | 7leases | 6units | Comps |
199 Church Condos 82 Dalhousie Street | $2,268/mo | $5.23/SF | 7leases | 5units | Comps |
River City II 32 Trolley Cres | $2,692/mo | $4.21/SF | 6leases | 4units | Comps |
Paintbox 225 Sackville St | $2,429/mo | $4.04/SF | 6leases | 1unit | Comps |
River & Fifth 5 Defries St | $2,880/mo | $4.25/SF | 5leases | 11units | Comps |
Grid Condos 181 Dundas St E | $2,460/mo | $4.30/SF | 5leases | 7units | Comps |
The Derby 393 King St E | $3,100/mo | $3.91/SF | 5leases | 2units | Comps |
Prime 319 Jarvis St | $2,513/mo | $4.82/SF | 4leases | 14units | Comps |
One Park Place South 55 Regent Park Blvd | $2,553/mo | $3.58/SF | 4leases | 2units | Comps |
The Bartholomew 200 Sackville St | $2,363/mo | $3.93/SF | 4leases | 1unit | Comps |
O2 Maisonettes on George 220 George St | $2,725/mo | $2.78/SF | 4leases | 1unit | Comps |
Trinity Lofts 90 Trinity St | $2,613/mo | $4.44/SF | 4leases | 0units | Comps |
Two Fifty Two Church 252 Church St | $2,467/mo | $4.98/SF | 3leases | 13units | Comps |
home. Power + Adelaide 48-50 Power St | $1,992/mo | $4.98/SF | 3leases | 11units | Comps |
Pace 159 Dundas St E | $2,383/mo | $3.98/SF | 3leases | 5units | Comps |
River City I 47 Lower River St/51 Trolley Cres | $2,367/mo | $3.88/SF | 3leases | 4units | Comps |
Garden District Condos 47 Mutual St | $2,367/mo | $4.20/SF | 3leases | 2units | Comps |
One Park West 260 Sackville St | $2,800/mo | $3.91/SF | 3leases | 2units | Comps |
One Cole - East Building 25 Cole St | $2,400/mo | $3.83/SF | 3leases | 1unit | Comps |
Metropolitan Essex 298 Jarvis St | $3,267/mo | $3.15/SF | 3leases | 0units | Comps |
88 North 77 Shuter St | $2,700/mo | $4.48/SF | 2leases | 7units | Comps |
in.DE 219 Dundas St E | $2,800/mo | $3.97/SF | 2leases | 7units | Comps |
Corktown District - II 510 King St E | $2,900/mo | $4.74/SF | 2leases | 4units | Comps |
Artworks - East Tower 130 River St | $2,170/mo | $4.22/SF | 2leases | 3units | Comps |
DuEast Condominiums - Regent Park 225 Sumach St | $2,950/mo | $3.52/SF | 2leases | 3units | Comps |
88 Queen 88 Queen St E | $2,550/mo | $4.26/SF | 2leases | 2units | Comps |
Jazz 167 Church Street | $2,173/mo | $4.37/SF | 2leases | 2units | Comps |
28 Eastern 28 Eastern Ave | $1,690/mo | $4.22/SF | 2leases | 1unit | Comps |
East United Condos 120 Parliament St | $2,250/mo | $4.86/SF | 2leases | 1unit | Comps |
Boot 75 Dalhousie St | $2,825/mo | $3.32/SF | 2leases | 0units | Comps |
250 Jarvis 250 Jarvis Street | $2,600/mo | $2.77/SF | 2leases | 0units | Comps |
Maddox Cabbagetown 191-201 Sherbourne Street | $2,920/mo | $3.44/SF | 1lease | 10units | Comps |
Jac Condos 308 Jarvis St | $2,400/mo | $4.17/SF | 1lease | 7units | Comps |
Ivy Condos 65 Mutual St | $2,250/mo | $4.09/SF | 1lease | 7units | Comps |
Max Condos 77 Mutual St | $2,200/mo | $4.00/SF | 1lease | 4units | Comps |
Fleur 60 Shuter St | $2,100/mo | $5.25/SF | 1lease | 4units | Comps |
The Merchandise Building I 155 Dalhousie St | $4,100/mo | $3.69/SF | 1lease | 4units | Comps |
Artsy - Artworks West Tower 35 Tubman Ave | $2,800/mo | $3.55/SF | 1lease | 3units | Comps |
Core Condominiums 68 Shuter St | $2,550/mo | $3.92/SF | 1lease | 2units | Comps |
41 River 41 River Street | $2,850/mo | $3.80/SF | 1lease | 2units | Comps |
The King East 318 King St E | $2,250/mo | $4.09/SF | 1lease | 1unit | Comps |
The Quarters 256 Jarvis Street | $3,850/mo | $2.26/SF | 1lease | 1unit | Comps |
Corktown District - 569 King 569 King St E | $2,225/mo | $4.05/SF | 1lease | 1unit | Comps |
Tannery Lofts 736 Dundas St E | $2,300/mo | $4.18/SF | 1lease | 1unit | Comps |
The Century Art Deco Lofts 365 Dundas St E | $2,880/mo | $3.60/SF | 1lease | 1unit | Comps |
Queen City Vinegar Co. Lofts 19 River St | $3,650/mo | $4.29/SF | 1lease | 1unit | Comps |
One Park Place North 170 Sumach St | $3,200/mo | $3.58/SF | 1lease | 0units | Comps |
Alter 89 McGill St | $2,350/mo | $4.27/SF | 1lease | 0units | Comps |
DuEast Boutique - East 34 Tubman Ave | $2,000/mo | $4.04/SF | 1lease | 0units | Comps |
The Victorian (Downtown East) 105 Victoria St | $2,050/mo | $3.15/SF | 1lease | 0units | Comps |
The Merchandise Building V 135 Dalhousie St | $3,600/mo | $3.27/SF | 1lease | 0units | Comps |
The Knitting Mill 426 Queen St E | $2,550/mo | $3.00/SF | 1lease | 0units | Comps |
The Ledbury 30 Mutual Street | $3,726(ask) | $5.51 (ask) | 0leases | 8units | Comps |
The Elm 25 Dalhousie Street | $3,878(ask) | $5.17 (ask) | 0leases | 6units | Comps |
T.O. Condominium 117 Gerrard St E | $1,988(ask) | $2.43 (ask) | 0leases | 2units | Comps |
The Brewery Lofts 90 Sumach St | $4,400(ask) | $5.89 (ask) | 0leases | 2units | Comps |
76 Shuter 76 Shuter St | $2,300(ask) | $4.18 (ask) | 0leases | 1unit | Comps |
One Cole - West Building 1 Cole St | $2,500(ask) | $4.14 (ask) | 0leases | 1unit | Comps |
Five Condos 105 Yonge Street | — | — | 0leases | 0units | Comps |
Home on Power 52 Power Street | — | — | 0leases | 0units | Comps |
199 Church 199 Church St | — | — | 0leases | 0units | Comps |
Gerrard Place 86 Gerrard Street E | — | — | 0leases | 0units | Comps |
Corktown District - 549 King 549 King St E | — | — | 0leases | 0units | Comps |
Corktown District - 52 Sumach 52 Sumach St | — | — | 0leases | 0units | Comps |
Carhartt Lofts 535 Queen Street E | — | — | 0leases | 0units | Comps |
282 Parliament Street 282 Parliament Street | — | — | 0leases | 0units | Comps |
377 Church Street N 377 Church Street N | — | — | 0leases | 0units | Comps |
10 Oak Street
30 Dreamers Way
365 Church St
20 Tubman Ave
251 Jarvis St
100 Dalhousie St
82 Dalhousie Street
32 Trolley Cres
225 Sackville St
5 Defries St
181 Dundas St E
393 King St E
319 Jarvis St
55 Regent Park Blvd
200 Sackville St
220 George St
90 Trinity St
252 Church St
48-50 Power St
159 Dundas St E
47 Lower River St/51 Trolley Cres
47 Mutual St
260 Sackville St
25 Cole St
298 Jarvis St
77 Shuter St
219 Dundas St E
510 King St E
130 River St
225 Sumach St
88 Queen St E
167 Church Street
28 Eastern Ave
120 Parliament St
75 Dalhousie St
250 Jarvis Street
191-201 Sherbourne Street
308 Jarvis St
65 Mutual St
77 Mutual St
60 Shuter St
155 Dalhousie St
35 Tubman Ave
68 Shuter St
41 River Street
318 King St E
256 Jarvis Street
569 King St E
736 Dundas St E
365 Dundas St E
19 River St
170 Sumach St
89 McGill St
34 Tubman Ave
105 Victoria St
135 Dalhousie St
426 Queen St E
30 Mutual Street
25 Dalhousie Street
117 Gerrard St E
90 Sumach St
76 Shuter St
1 Cole St
105 Yonge Street
52 Power Street
199 Church St
86 Gerrard Street E
549 King St E
52 Sumach St
535 Queen Street E
282 Parliament Street
377 Church Street N
Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in Downtown East.
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.
Downtown East Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Downtown East
Rental market activity across Downtown East, Toronto (postal FSA M5A) through the end of August 2026 exhibits high absorption and rapid property turnover. Based on 328 closed leases over the trailing 30 days, the effective average realized rent sits at $2,430 per month across 72 tracked buildings, operating alongside 209 active listings currently on the market. Landlords maintain an average asking rent of $2,598 across active inventory, reflecting a $168 spread between initial asking targets and final executed lease contracts.
Compared to the broader Toronto municipal benchmark average of $2,766 per month, Downtown East provides a notable value discount of $336 per month (or 12.15%). Transaction volume is heavily concentrated in 1-bedroom and 2-bedroom configurations, supported by a healthy absorption rate of 61.1% that highlights steady tenant demand across the submarket's multi-residential leasing pool.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Downtown East is currently $2,443/month ($4.32/SF), with an average leasing velocity of 26 Days on Market. Compared to the overall Toronto municipal benchmark ($2,871/month), Downtown East trades at a 15% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from 28 Eastern ($1,690/mo) to The Merchandise Building I ($4,100/mo).
Month Over Month Trends
Short-term pricing adjustments across Downtown East reflect minor month-over-month contraction, with average realized rents shifting by -$7 per month (a change of -0.29%) compared to the prior 30-day window where 412 closed leases averaged $2,437. This slight movement stems from minor compositional shifts in closed lease volumes and bedroom sizing rather than a broad structural decline in rental rates, as transaction volume rebalances across standard urban floor plans.
Longer Term Trends & Rental Dispersion
Mid-term and all-time baseline metrics demonstrate firm pricing stability across Downtown East, with 90-day realized averages sitting at $2,429 across 1,005 closed leases and all-time historical benchmarks holding at $2,419 across 1,401 total transactions. Overall rent dispersion across the submarket spans a wide spectrum from a minimum of $275 to a maximum of $8,500 per month, driven by unique heritage loft conversions and luxury properties. The middle 50% of the market—defined by the interquartile range—anchors between $2,050 (25th percentile) and $2,700 (75th percentile), with a median rent of $2,300 across the total tracked sample size of 1,401 leases.
Currently across Downtown East's 72 tracked multi-family properties, there are 217 active rental listings with an average asking rent of $2,695/month ($4.38/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,443/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants targeting Downtown East should prepare for a competitive urban leasing environment where well-priced suites lease swiftly. Renters can expect the middle 50% of the market to range between $2,050 and $2,700 per month. Stepping up from a standard 1-bedroom suite (averaging $2,087 across 493 square feet) to a 2-bedroom unit (averaging $2,739 across 697 square feet) requires a monthly rent step-up of $652 (31.24%) and an additional 204 square feet of living space. Advancing from a 2-bedroom layout to a 3-bedroom suite incurs an additional $885 per month. Applicants should have documentation prepared immediately, as properties average 23 days on the market.
For Landlords
Real estate investors and condo landlords operating in Downtown East must pay close attention to pricing discipline, given the $168 gap between active asking averages ($2,598) and closed lease realizations ($2,430). Overpricing inventory outside the middle 50% benchmark band ($2,050 to $2,700) risks extending vacancy timelines beyond the submarket average of 23 days. With a healthy absorption rate of 61.1%, landlords who anchor their initial asking rents closely to verified 30-day closed comparables capture qualified tenant applications rapidly without sacrificing rental yield.
For Realtors
Real estate professionals representing clients in Downtown East manage a highly liquid submarket supported by 72 tracked condominium and loft developments within postal area M5A. With 328 closed leases executed over the trailing 30 days and 209 active listings, market liquidity remains robust. Advisors should utilize the $168 asking-to-realized spread to counsel vendor clients on competitive positioning, ensuring that listing agreements reflect realistic realized market values rather than speculative asking targets across 1-bedroom and 2-bedroom floor plans.
Downtown East Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Downtown East, Toronto
What is the average rent for a condominium or apartment in Downtown East, Toronto?
Downtown East's average realized lease price is $2,430 per month ($4.25 per square foot), based on 328 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market spans an interquartile range from $2,050 (25th percentile) to $2,700 (75th percentile), representing a $336 discount compared to the broader Toronto municipal average of $2,766.
How much is a 1-bedroom apartment in Downtown East?
The average rent for a 1-bedroom apartment in Downtown East, Toronto is $2,087 per month ($4.36 per square foot), while 1-bedroom plus den suites average $2,337 per month ($4.06 per square foot), based on 180-day historical lease data encompassing 350 standard 1-bedroom and 364 den-inclusive transactions. Most standard 1-bedroom units lease between $2,000 (25th percentile) and $2,200 (75th percentile) per month, with an average size of 493 square feet.
How much is a 2-bedroom apartment in Downtown East?
The average rent for a 2-bedroom apartment in Downtown East, Toronto is $2,739 per month ($3.99 per square foot), while 2-bedroom plus den suites average $3,081 per month ($3.82 per square foot), based on 180-day historical data covering 365 standard 2-bedroom and 69 den-inclusive transactions. Most standard 2-bedroom suites lease between $2,550 (25th percentile) and $2,850 (75th percentile) per month, delivering an average size of 697 square feet—representing a $652 monthly step-up from 1-bedroom configurations.
How much is a 3-bedroom apartment in Downtown East?
The average rent for a 3-bedroom apartment in Downtown East, Toronto is $3,624 per month ($4.27 per square foot), based on 180-day historical data covering 78 closed leases. Three-bedroom and larger apartment rentals in Downtown East represent a specialized inventory segment with an average size of 869 square feet and a middle 50% range spanning from $3,400 to $3,738 per month.
What are the most affordable and premium condo and apartment buildings in Downtown East?
Within Downtown East, Carhartt Lofts commands the highest average lease rate at approximately $4,500 per month, while entry-level private transactions across tracked submarket inventory start at $1,600 per month at Home on Power.
How does rent in Downtown East compare to the overall Toronto average?
Downtown East rents average $2,430 per month, which is lower than the overall Toronto average of $2,766 per month (a spread of -$336 or -12.15%). Properties in Downtown East spend an average of 23 days on the market—leasing 1 day slower than the broader Toronto municipal benchmark of 22 days.
What are the postal code FSAs for Downtown East?
Condo and apartment rentals in Downtown East primarily fall within postal forward sortation areas (FSAs) such as M5A.
How fast do rental units lease in Downtown East (Days on Market)?
Rental listings in Downtown East spend an average of 23 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 1 day slower than the broader Toronto municipal benchmark of 22 days.
How should landlords price their rental listings in Downtown East to avoid vacancy loss?
With active listings averaging $2,598 against closed leases at $2,430—an asking-to-realized spread of $168 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy durations from exceeding the submarket average of 23 days.
How much more will a unit with a parking spot in Downtown East rent for versus a unit without one?
Reserved parking in Downtown East adds an estimated $235 to $359 per month across 2-bedroom and larger rental layouts based on verified unbundled lease comps, whereas studio and 1-bedroom parking differentials vary due to mixed bundling practices across historical building samples.
Are parking spaces, lockers, and utilities included in Downtown East 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.
Explore Other Toronto Submarkets
Compare neighbourhood comps and rental rates for leased units across Toronto against Downtown East