South Midtown Apartments for Rent & Condo Comps

South Midtown's average realized lease price is $3,499 per month ($4.11 per square foot), based on 28 recorded transactions over the trailing 30 days ending August 2026. The middle 50% of the market ranges between $2,200 per month (25th percentile) and $3,838 per month (75th percentile), with overall rents sitting $733 higher than the broader Toronto municipal benchmark.

The average rent for a 1-bedroom apartment in South Midtown, Toronto is $2,345 per month ($4.00 per square foot) based on 180-day data, while 1-bedroom plus den suites average $2,633 per month ($3.83 per square foot). Most 1-bedroom units lease between $2,100 per month (25th percentile) and $2,475 per month (75th percentile), with an average size of approximately 598 square feet.

The average rent for a 2-bedroom apartment in South Midtown, Toronto is $4,734 per month ($4.84 per square foot) based on 180-day data, while 2-bedroom plus den suites average $7,419 per month ($4.56 per square foot). Most 2-bedroom units lease between $3,100 per month (25th percentile) and $5,800 per month (75th percentile), representing an average price step-up of $2,389 per month over 1-bedroom layouts alongside an additional 427 square feet of living space.

The average rent for a 3-bedroom apartment in South Midtown, Toronto is $7,449 per month ($5.33 per square foot), based on 180-day data covering 4 closed leases. Three-bedroom apartment rentals represent a highly scarce inventory segment with a tracked average size of 1,413 square feet, and renters seeking multi-bedroom layouts should monitor active listings closely as larger suites become available.

Within South Midtown, Maison 77 Clarendon commands the highest average lease rate at approximately $15,000 per month, while entry-level private transactions across tracked submarket inventory start around $1,500 per month.

South Midtown rents average $3,499 per month, which is higher than the overall Toronto average of $2,766 per month (a spread of $733 or 26.5%). Properties in South Midtown spend an average of 25 days on the market—leasing 3 days slower than the broader Toronto municipal benchmark of 22 days.

Condo and apartment rentals in South Midtown primarily fall within postal forward sortation areas (FSAs) such as M4T.

Rental listings in South Midtown spend an average of 25 days on the market before leasing, based on 30-day tracking through August 2026—leasing 3 days slower than the broader Toronto municipal benchmark of 22 days.

With active listings averaging $4,152 per month against closed leases at $3,499 per month—an asking-to-realized spread of $653 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the 25-day submarket average.

Reserved parking in South Midtown adds an estimated $280 to $1,983 per month across 1-bedroom and 2-bedroom layouts based on verified unbundled lease comps.

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.