Central Toronto Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 2 tracked properties across Central Toronto, Toronto.
Central Toronto Rental Market Overview
FastScreen monitors 2 residential buildings across Central Toronto, Toronto. While there are currently 0 active publicly listed rental suites, closed lease transactions for Past 90 Days averaged $2,025/month ($4.09/SF). Explore verified historical contract rates, building comps, and layout averages below.
Active Rental Inventory
No tracked inventory as of September 2026Current active rental availability status across Central Toronto
Rental Inventory Overview for Central Toronto
FastScreen currently monitors 2 residential condominium and apartment buildings across Central Toronto. There are currently no active rental units publicly listed across these monitored properties. Verified closed lease comps, realized contract pricing, and building performance benchmarks are detailed in the verified transaction section below.
Closed Leases
Transactions that closed in the Past 90 Days across Central Toronto
Central Toronto Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in Past 90 Days (expanded 90-day window).
Central Toronto Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Central Toronto, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Lumina Condos 88 Don Mills Road | $2,025/mo | $4.09/SF | 1lease | 0units | Comps |
Village by the Grange 80 Saint Patrick Street | — | — | 0leases | 0units | Comps |
88 Don Mills Road
80 Saint Patrick Street
Derived from verified closed lease contracts finalized during Past 90 Days across multi-residential buildings in Central Toronto.
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.
Central Toronto Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Central Toronto
Central Toronto is an established residential submarket within Toronto, comprising 2 tracked condominium and multi-family properties. The neighbourhood benefits from strong local demand, proximity to regional employment nodes, and accessible neighborhood commercial amenities.
Transportation throughout Central Toronto is anchored by municipal transit connections, primary arterial thoroughfares, and nearby regional highways, connecting residents efficiently across Toronto and the wider Greater Toronto Area.
The residential inventory in Central Toronto features a balanced mix of contemporary condominium developments and established multi-residential suites, offering versatile floor plans tailored to individuals, couples, and working professionals.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Central Toronto is currently $2,025/month ($4.09/SF), with an average leasing velocity of 31 Days on Market. Compared to the overall Toronto municipal benchmark ($2,871/month), Central Toronto trades at a 29% discount, reflecting local transit connectivity, tenant demand, and building amenity standards.
Month Over Month Trends
Across Central Toronto, realized residential lease prices moved +0.0% compared to the previous reporting period, resulting in an average executed contract rate of $2,025/month ($4.09/SF). Days on market averaged 31 days, reflecting ongoing transactional absorption across active properties.
Longer Term Trends & Rental Dispersion
Over longer cyclical horizons, Central Toronto's rental market has responded dynamically to demographic migration and new building completions across Toronto. Prime properties continue to secure resilient lease rates, while established condominium stock offers competitive square footage and balanced pricing.
Currently across Central Toronto's 2 tracked multi-family properties, there are 0 active rental listings with an average asking rent of $0/month ($0.00/SF). For closed transactions executed in Past 90 Days (expanded to rolling 90-day transactions for statistical reliability), realized lease agreements averaged $2,025/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Evaluate both verified closed lease comps and active asking prices across Central Toronto to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets.
For Landlords
Aligning initial asking rents with recent 30-day closed transactions rather than speculative active listings prevents extended vacancy periods and protects net operating income.
For Realtors
Review building-level historical lease velocity and $/SF trends in Central Toronto to prepare comprehensive, defensible comparative market analyses for clients.
Central Toronto Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Central Toronto, Toronto
What is the average rent for a condominium or apartment in Central Toronto, Toronto?
Based on lease transactions tracked by FastScreen in Past 90 Days (expanded to rolling 90-day transactions) across 2 tracked condominium and apartment buildings in Central Toronto, realized rents by unit layout average:
- +$0 vs Toronto avgStudio / Bachelor:$1,956*/mo($4.84/SF · 405 SF)*Toronto benchmark comp
- +$0 vs Toronto avg1-Bedroom:$2,319*/mo($4.53/SF · 527 SF)*Toronto benchmark comp
- -$562 vs Toronto avg1-Bedroom + Den:$2,025/mo($4.09/SF · 495 SF)
- +$0 vs Toronto avg2-Bedroom:$3,319*/mo($4.23/SF · 800 SF)*Toronto benchmark comp
- +$0 vs Toronto avg2-Bedroom + Den:$3,938*/mo($4.69/SF · 899 SF)*Toronto benchmark comp
- +$0 vs Toronto avg3-Bedroom+:$5,111*/mo($5.16/SF · 1082 SF)*Toronto benchmark comp
Overall market leasing across all unit layouts averaged $2,025/month ($4.09/SF) with an average of 31 Days on Market. Active rental listings currently average $0/month ($0.00/SF) for an average unit size of 0 SF.
How much is a 1-bedroom apartment in Central Toronto?
In Central Toronto, 1-bedroom apartments and condominiums currently average $2,319/month ($4.53/SF). Realized lease rates fluctuate depending on building vintage, floor height, and included parking.
How much is a 2-bedroom apartment in Central Toronto?
In Central Toronto, 2-bedroom rental suites typically lease for $3,319/month ($4.23/SF). Suites offering two full bathrooms and reserved underground parking command the strongest tenant interest.
How much is a 3-bedroom apartment in Central Toronto?
3-bedroom residences in Central Toronto represent family-sized suites averaging $5,111/month ($5.16/SF). These larger suites have low turnover and are in steady demand from growing households.
What are the most affordable and premium condo and apartment buildings in Central Toronto?
In Central Toronto, tracked condo properties such as Lumina Condos average $2,025/month. Realized lease rates fluctuate depending on floor level, view exposure, parking inclusions, and suite size.
How does rent in Central Toronto compare to the overall Toronto average?
Realized lease rates in Central Toronto average $2,025/month compared to the Toronto municipal benchmark of $2,871/month. This reflects a 29% discount based on local building age, transit access, and neighbourhood amenities.
What are the postal code FSAs for Central Toronto?
FastScreen aggregates verified condominium and apartment rental data across all primary postal codes throughout Central Toronto and Toronto, updating market comps continuously.
How fast do rental units lease in Central Toronto (Days on Market)?
The average Days on Market (DOM) for realized leases in Central Toronto is 31 days. Well-priced 1-bedroom and 2-bedroom units located within short walking distance of rapid transit and retail corridors typically execute binding lease agreements within 14 to 21 days, whereas units priced above prevailing closed comps can remain on market for 35+ days.
How should landlords price their rental listings in Central Toronto to avoid vacancy loss?
Landlords in Central Toronto should benchmark initial asking rents against verified 30-day closed lease comps rather than peak active listings. At an average rent of $2,025/month, each day of vacancy costs $68 in lost gross revenue. Overpricing a suite by $100/month and sitting vacant for 30 additional days costs $2,025, which takes 20 months of collecting that higher rent just to break even.
How much more will a unit with a parking spot in Central Toronto rent for versus a unit without one?
In Central Toronto, a condominium rental with an included underground parking space typically commands an estimated $120 to $200/month premium over an equivalent unit without parking, depending on proximity to transit corridors.
Are parking spaces, lockers, and utilities included in Central Toronto rents?
In most modern Central Toronto condominium developments, hydro and water are separately metered and paid by the tenant. Reserved underground parking stalls and storage lockers are often bundled into the lease or rented separately for $100 to $175 per month.
Explore Other Toronto Submarkets
Compare neighbourhood comps and rental rates for leased units across Toronto against Central Toronto