CityPlace / Fort York Apartments for Rent & Condo Comps

CityPlace / Fort York's average realized lease price is $2,819 per month ($4.33 per square foot), based on 143 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market spans a rental range between $2,300 (25th percentile) and $3,050 (75th percentile) per month, with an overall submarket median of $2,600 per month. This places submarket rents 1.92% above the broader Toronto municipal average of $2,766 per month.

The average rent for a 1-bedroom apartment in CityPlace / Fort York, Toronto is $2,291 per month ($4.49 per square foot) based on 180-day historical data, while 1-bedroom plus den suites average $2,631 per month ($4.12 per square foot). Over the trailing 30 days, standard 1-bedroom units closed at an average of $2,323 per month across 43 transactions. Most 1-bedroom units lease between $2,175 (25th percentile) and $2,400 (75th percentile) per month, occupying an average footprint of approximately 522 square feet.

The average rent for a 2-bedroom apartment in CityPlace / Fort York, Toronto is $3,304 per month ($4.23 per square foot) based on 180-day historical data, while 2-bedroom plus den suites average $3,736 per month ($4.10 per square foot). Over the trailing 30 days, standard 2-bedroom units closed at an average of $3,224 per month across 25 transactions. Most 2-bedroom units lease between $3,000 (25th percentile) and $3,500 (75th percentile) per month, representing a $1,013 monthly step-up and an additional 266 square feet of living space compared to standard 1-bedroom layouts.

The average rent for a 3-bedroom apartment in CityPlace / Fort York, Toronto is $4,890 per month ($4.63 per square foot), based on trailing 180-day data encompassing 28 closed leases. Three-bedroom and larger suites represent a specialized inventory segment within the submarket, averaging 1,072 square feet with closed lease prices spanning a middle 50% range between $3,825 (25th percentile) and $4,925 (75th percentile) per month.

Within CityPlace / Fort York, Optima at Cityplace commands the highest average lease rate at approximately $3,904 per month across 7 tracked transactions, while Neptune 2 at Water Park City offers the lowest average tracked lease rate at approximately $2,244 per month across 8 transactions.

CityPlace / Fort York rents average $2,819 per month, which is higher than the overall Toronto municipal average of $2,766 per month (a spread of $53 or 1.92%). Properties in CityPlace / Fort York spend an average of 17 days on the market—leasing 5 days faster than the broader Toronto municipal benchmark of 22 days.

Condo and apartment rentals in CityPlace / Fort York primarily fall within postal forward sortation areas (FSAs) such as M5V.

Rental listings in CityPlace / Fort York spend an average of 17 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 5 days faster than the broader Toronto municipal benchmark of 22 days.

With active listings averaging $3,107 per month against closed leases at $2,819 per month—an asking-to-realized spread of $288 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy extending past the submarket average of 17 days.

Reserved parking in CityPlace / Fort York adds an estimated $111 to $230 per month across 1-bedroom and 2-bedroom rental rates, respectively, 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.