North Midtown Apartments for Rent & Condo Comps

North Midtown's average realized lease price is $2,618 per month ($4.22 per square foot), based on 218 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges from $2,150 (25th percentile) to $2,850 (75th percentile) per month, with an overall median rent of $2,400. This places submarket rents at a slight discount compared to the broader Toronto municipal average of $2,766 per month.

The average rent for a 1-bedroom apartment in North Midtown, Toronto is $2,175 per month ($4.32 per square foot), while 1-bedroom plus den suites average $2,430 per month ($4.10 per square foot), based on 30-day trailing data ending August 31, 2026. Most standard 1-bedroom units lease between $2,000 (25th percentile) and $2,250 (75th percentile) per month, with an average size of 521 square feet across historical records.

The average rent for a 2-bedroom apartment in North Midtown, Toronto is $3,075 per month ($4.08 per square foot), while 2-bedroom plus den suites average $4,003 per month ($4.24 per square foot), based on 30-day trailing data ending August 31, 2026. Most standard 2-bedroom units lease between $2,700 (25th percentile) and $3,250 (75th percentile) per month, representing an average price step-up of $886 and 244 additional square feet compared to 1-bedroom layouts.

The average rent for a 3-bedroom apartment in North Midtown, Toronto is $4,200 per month ($4.52 per square foot), based on 30-day trailing data ending August 31, 2026. Three-bedroom and larger apartment rentals represent a scarce inventory segment within the submarket, recording 5 closed transactions over the trailing 30 days and offering an average verified space of 952 square feet.

Within North Midtown, Maven commands the highest average lease rate at approximately $8,000 per month, while entry-level private transactions across tracked submarket inventory start around $1,400 per month.

North Midtown rents average $2,618 per month, which is lower than the overall Toronto average of $2,766 per month (a spread of $148 or 5.35%). Properties in North Midtown spend an average of 23 days on the market—leasing 1 day slower than the broader Toronto municipal benchmark of 22 days.

Condo and apartment rentals in North Midtown primarily fall within postal forward sortation areas (FSAs) such as M4G.

Rental listings in North Midtown 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.

With active listings averaging $2,797 against closed leases at $2,618—an asking-to-realized spread of $179 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy from extending past the submarket average of 23 days.

Reserved parking in North Midtown adds an estimated $278 to $447 per month across 1-bedroom and 2-bedroom rental rates, respectively, based on verified unbundled lease comps.

Across most Ontario condominium developments, suite electricity (hydro) and climate energy are individually metered and paid by the tenant, whereas water and building maintenance are covered by the owner's condo fees.