Downtown West Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 125 tracked properties across Downtown West, Toronto.
Downtown West Rental Market Overview
Rental market activity across Downtown West in Toronto—concentrated within postal forward sortation area M5G—moves with notable pace and competitive intensity. Through the end of September 2026, the submarket recorded an average realized rent of $2,959 based on 194 closed leases over the trailing 30 days, alongside 169 active listings currently on the market. With an absorption rate of 53.4% and an average days on market of just 17 days, properties turn over swiftly, demanding prompt application submissions from prospective tenants. Landlord asking targets average $3,169 across active listings, establishing a moderate asking-to-realized spread of $210 per month that reflects healthy negotiation space for well-prepared applicants.
Positioned slightly above the wider municipal benchmark, Downtown West rents average 4.89% ($138) higher than the broader Toronto average of $2,821, positioning the submarket as an active central enclave. Tracking spans 125 residential buildings across the postal area, with 1-bedroom and 1-bedroom plus den configurations leading overall transaction volume. Active inventory spans a diverse range of unit sizes and price points, offering clear choices for renters seeking downtown proximity.
Get a free rent estimate for any Downtown West condo
Analyze verified lease comps and active asking rates across 125 buildings in Downtown West.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Downtown West
Closed Leases
Transactions that closed in September 2026 across Downtown West
Downtown West Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Downtown West Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Downtown West, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Artist's Alley - West Tower 121 St Patrick St | $2,656/mo | $4.51/SF | 16leases | 3units | Comps |
Artistry 280 Dundas St W | $2,853/mo | $5.22/SF | 12leases | 14units | Comps |
Artist's Alley - East Tower 238 Simcoe St | $2,855/mo | $3.94/SF | 10leases | 0units | Comps |
543 Richmond 543 Richmond St W | $2,911/mo | $3.95/SF | 9leases | 6units | Comps |
Musee 525 Adelaide St W | $2,891/mo | $4.18/SF | 8leases | 4units | Comps |
Thompson Residences 629 King St W/38 Stewart St | $2,285/mo | $5.27/SF | 7leases | 3units | Comps |
oneeleven 111 Bathurst St | $2,396/mo | $4.62/SF | 7leases | 2units | Comps |
Phoebe - Beverley Building 18 Beverley St | $3,254/mo | $3.98/SF | 6leases | 1unit | Comps |
Westside - Bside 27 Bathurst St | $2,350/mo | $4.61/SF | 5leases | 3units | Comps |
The Harlowe 608 Richmond Street West | $3,032/mo | $4.20/SF | 5leases | 3units | Comps |
The Morgan 438 Richmond St W | $2,750/mo | $3.77/SF | 5leases | 3units | Comps |
Dragon Condos 10 Willison Sq | $2,040/mo | $4.20/SF | 5leases | 2units | Comps |
Rêve King West 560 Front St W | $2,420/mo | $4.34/SF | 5leases | 0units | Comps |
12 Degrees 15 Beverley St | $3,020/mo | $4.51/SF | 5leases | 0units | Comps |
123 Portland 123 Portland St | $3,281/mo | $4.59/SF | 4leases | 5units | Comps |
West Condos 9 Tecumseth St | $2,544/mo | $4.56/SF | 4leases | 4units | Comps |
Fashion House - King Building 560 King St W | $3,074/mo | $4.22/SF | 4leases | 4units | Comps |
Victory Condominiums 478 King St W | $2,625/mo | $4.11/SF | 4leases | 3units | Comps |
66 Portland 66 Portland St | $2,750/mo | $4.43/SF | 4leases | 3units | Comps |
Westside - East Tower 576 Front St W | $2,238/mo | $4.45/SF | 4leases | 1unit | Comps |
The Brant Park 39 Brant St | $2,594/mo | $4.76/SF | 4leases | 0units | Comps |
Seventy5 Portland 75 Portland St | $3,613/mo | $4.43/SF | 4leases | 0units | Comps |
Residences at RCMI 426 University Ave | $2,483/mo | $4.05/SF | 3leases | 6units | Comps |
The College 297 College St | $3,350/mo | $4.32/SF | 3leases | 5units | Comps |
West House 88 Bathurst Street | $4,715/mo | $5.61/SF | 3leases | 4units | Comps |
The Westside 700 King St W | $3,242/mo | $3.47/SF | 3leases | 4units | Comps |
No 210 Residences on Simcoe 210 Simcoe St | $2,483/mo | $3.86/SF | 3leases | 3units | Comps |
SQ Spadina Queen 38 Cameron St | $2,470/mo | $4.37/SF | 3leases | 3units | Comps |
The Well - Classic Series I 470 Front St W | $3,083/mo | $4.78/SF | 3leases | 2units | Comps |
Citysphere 801 King St W | $3,533/mo | $4.19/SF | 3leases | 2units | Comps |
Waterworks 505 Richmond St W | $3,250/mo | $4.85/SF | 3leases | 2units | Comps |
MRKT Alexandra Park 115 Denison Ave | $2,717/mo | $4.02/SF | 3leases | 1unit | Comps |
Lofts 399 399 Adelaide St W | $2,600/mo | $3.86/SF | 3leases | 0units | Comps |
One Park Lane II 195 St Patrick St | $3,333/mo | $2.87/SF | 3leases | 0units | Comps |
Rush 2 Augusta Ave | $3,917/mo | $3.66/SF | 3leases | 0units | Comps |
Downtown 508 Wellington St W | $2,683/mo | $3.82/SF | 3leases | 0units | Comps |
Thirtytwo Camden 32 Camden St | $2,650/mo | $3.81/SF | 3leases | 0units | Comps |
The Bread Company 195 McCaul St | $2,200/mo | $5.50/SF | 2leases | 6units | Comps |
Artist's Alley 2 230 Simcoe St | $2,675/mo | $5.17/SF | 2leases | 5units | Comps |
The Woodsworth 458 Richmond St W | $2,173/mo | $4.00/SF | 2leases | 4units | Comps |
Theory 203 College St | $3,300/mo | $5.50/SF | 2leases | 2units | Comps |
SQ2 at Alexandra Park 80 Vanauley St | $2,800/mo | $4.31/SF | 2leases | 2units | Comps |
775 King West - East Building 78 Tecumseth St | $2,368/mo | $4.85/SF | 2leases | 2units | Comps |
Wellington Square 18 Stafford St | $2,600/mo | $4.10/SF | 2leases | 2units | Comps |
Fabrik 435 Richmond St W | $2,350/mo | $4.27/SF | 2leases | 2units | Comps |
The Summit II 705 King St W | $3,238/mo | $3.90/SF | 2leases | 1unit | Comps |
Portland Park Village 550 Front St W | $3,350/mo | $4.72/SF | 2leases | 1unit | Comps |
Form Condos 50 McCaul St | $2,425/mo | $3.56/SF | 2leases | 1unit | Comps |
Parc Lofts 25 Stafford St | $4,300/mo | $3.91/SF | 2leases | 1unit | Comps |
775 King West 775 King St W | $2,775/mo | $4.21/SF | 2leases | 0units | Comps |
9T6 Condominium Residences 96 St Patrick St | $3,100/mo | $4.14/SF | 2leases | 0units | Comps |
Cityscape Terrace 500 Richmond St W | $4,175/mo | $3.80/SF | 2leases | 0units | Comps |
Fashion House - Adelaide Building 461 Adelaide St W | $2,775/mo | $3.99/SF | 2leases | 0units | Comps |
400 Wellington West 400 Wellington St W | $3,775/mo | $4.58/SF | 2leases | 0units | Comps |
Queen and Portland 156 Portland St | $2,538/mo | $4.26/SF | 2leases | 0units | Comps |
Village by the Grange III 120 St Patrick St | $2,725/mo | $4.19/SF | 2leases | 0units | Comps |
Village by the Grange VI 89 McCaul St | $2,875/mo | $3.83/SF | 2leases | 0units | Comps |
20 Stewart 20 Stewart St | $2,350/mo | $4.27/SF | 2leases | 0units | Comps |
Zen Lofts 42 Camden St | $3,200/mo | $3.64/SF | 2leases | 0units | Comps |
Tecumseth Lofts 766 King St W | $4,350/mo | $9.10/SF | 2leases | 0units | Comps |
The Twenty 20 Niagara St | $10,300/mo | $20.60/SF | 2leases | 0units | Comps |
Industrial Revolution Lofts I 676 Richmond St W | $6,750/mo | $3.29/SF | 2leases | 0units | Comps |
The Residences of 488 University Avenue 488 University Ave | $4,900/mo | $4.45/SF | 1lease | 7units | Comps |
The Well - Classic Series II 480 Front St W | $4,100/mo | $4.82/SF | 1lease | 6units | Comps |
Kingly Condos 501 Adelaide St W | $2,700/mo | $4.50/SF | 1lease | 4units | Comps |
The Summit I 701 King St W | $3,200/mo | $4.00/SF | 1lease | 3units | Comps |
335 College Street 335 College Street | $2,100/mo | $5.25/SF | 1lease | 3units | Comps |
550 Wellington West 55 Stewart/552 Wellington | $2,000/mo | $5.00/SF | 1lease | 2units | Comps |
Adelaide Square 140 Bathurst St | $2,600/mo | $4.73/SF | 1lease | 2units | Comps |
Gotham Lofts 781 King St W | $3,300/mo | $3.88/SF | 1lease | 2units | Comps |
Six50 King West - Bathurst Building 95 Bathurst St | $2,550/mo | $4.64/SF | 1lease | 1unit | Comps |
Six50 King West - King Building 650 King St W | $3,000/mo | $4.30/SF | 1lease | 1unit | Comps |
Zed 38 Niagara St | $2,500/mo | $3.94/SF | 1lease | 1unit | Comps |
Trinity Park Lofts 901 Queen St W | $3,000/mo | $5.00/SF | 1lease | 1unit | Comps |
One Park Lane III 211 St Patrick Street | $4,100/mo | $3.39/SF | 1lease | 1unit | Comps |
Village by the Grange VII 105 McCaul St | $3,200/mo | $4.20/SF | 1lease | 1unit | Comps |
The Kings 800 King St W | $3,300/mo | $3.88/SF | 1lease | 1unit | Comps |
One Park Lane I 280 Simcoe St | $3,300/mo | $3.00/SF | 1lease | 0units | Comps |
The Summit III 725 King St W | $2,600/mo | $4.00/SF | 1lease | 0units | Comps |
Sixty Loft 60 Bathurst St | $3,000/mo | $5.00/SF | 1lease | 0units | Comps |
Wellington on the Park 15 Stafford St | $3,800/mo | $4.00/SF | 1lease | 0units | Comps |
Quad Lofts II 23 Brant St | $2,350/mo | $3.62/SF | 1lease | 0units | Comps |
Design Haus 181 Huron St | $3,000/mo | $4.62/SF | 1lease | 0units | Comps |
Village by the Grange II 80 St Patrick St | $3,100/mo | $4.77/SF | 1lease | 0units | Comps |
455 Adelaide W (10 Morrison St) 10 Morrison St | $3,200/mo | $3.76/SF | 1lease | 0units | Comps |
The Well - Signature Series 455 Wellington St W | $7,850/mo | $5.23/SF | 1lease | 0units | Comps |
Kensington Market Lofts I 160 Baldwin St | $3,800/mo | $3.45/SF | 1lease | 0units | Comps |
Quad Lofts I 19 Brant St | $3,750/mo | $5.00/SF | 1lease | 0units | Comps |
Village by the Grange IV 53 McCaul St | $2,300/mo | $3.54/SF | 1lease | 0units | Comps |
Kensington Market Lofts, II 21 Nassau St | $2,500/mo | $4.55/SF | 1lease | 0units | Comps |
32 Stewart 32 Stewart St | $2,450/mo | $4.90/SF | 1lease | 0units | Comps |
60 Niagara 60 - 64 Niagara St | $4,400/mo | $3.82/SF | 1lease | 0units | Comps |
Cawthra House 150 Beverley St | $2,500/mo | $3.33/SF | 1lease | 0units | Comps |
Five Hundred Wellington West 500 Wellington St W | $21,000/mo | $13.13/SF | 1lease | 0units | Comps |
414 Dundas Street W 414 Dundas Street W | $3,000/mo | $2.73/SF | 1lease | 0units | Comps |
436 Queen W 436 Queen Street W | $2,100/mo | $2.47/SF | 1lease | 0units | Comps |
490 Queen Street W 490 Queen Street W | $1,650/mo | $4.13/SF | 1lease | 0units | Comps |
Waverley 484 Spadina Avenue | $3,544(ask) | $5.57 (ask) | 0leases | 5units | Comps |
Residences of the Artisan 152 St Patrick St | $2,800(ask) | $3.73 (ask) | 0leases | 1unit | Comps |
The Sylvia 50 Camden St | $2,700(ask) | $3.86 (ask) | 0leases | 1unit | Comps |
Camden Lofts 29 Camden St | $3,200(ask) | $4.48 (ask) | 0leases | 1unit | Comps |
West One - CityPlace Unknown Address | — | — | 0leases | 0units | Comps |
Artists' Alley 234 Simcoe Street | — | — | 0leases | 0units | Comps |
Grangetown Lofts 71 McCaul Street | — | — | 0leases | 0units | Comps |
Village by the Grange 103 Mccaul Street | — | — | 0leases | 0units | Comps |
Wynford Condominiums 1715 Edgecliff Golfway E | — | — | 0leases | 0units | Comps |
Chinatown Centre 222 Spadina Ave | — | — | 0leases | 0units | Comps |
Design Haus 231 College Street | — | — | 0leases | 0units | Comps |
Village by the Grange I 60 St Patrick St | — | — | 0leases | 0units | Comps |
Village by the Grange V 73 McCaul St | — | — | 0leases | 0units | Comps |
Kingscourt 188 Spadina Ave | — | — | 0leases | 0units | Comps |
533 Richmond 533 Richmond St W | — | — | 0leases | 0units | Comps |
West 833 833 King St W | — | — | 0leases | 0units | Comps |
One Six Nine 169 John St | — | — | 0leases | 0units | Comps |
90 Niagara 90 Niagara St | — | — | 0leases | 0units | Comps |
Phoebe - Soho Building 11 Soho St | — | — | 0leases | 0units | Comps |
Soho Condos 477 Richmond St W | — | — | 0leases | 0units | Comps |
The Wellington Worx Building 436 Wellington St W | — | — | 0leases | 0units | Comps |
468 Wellington 468 Wellington St W | — | — | 0leases | 0units | Comps |
8 Oxford Condominiums 8 Oxford Street | — | — | 0leases | 0units | Comps |
Industrial Revolution Lofts II 670 Richmond St W | — | — | 0leases | 0units | Comps |
366 College Street 366 College Street | — | — | 0leases | 0units | Comps |
400 Queen Street W 400 Queen Street W | — | — | 0leases | 0units | Comps |
475 Queen West 475 Queen Street West | — | — | 0leases | 0units | Comps |
566 Queen W 566 Queen Street W | — | — | 0leases | 0units | Comps |
121 St Patrick St
280 Dundas St W
238 Simcoe St
543 Richmond St W
525 Adelaide St W
629 King St W/38 Stewart St
111 Bathurst St
18 Beverley St
27 Bathurst St
608 Richmond Street West
438 Richmond St W
10 Willison Sq
560 Front St W
15 Beverley St
123 Portland St
9 Tecumseth St
560 King St W
478 King St W
66 Portland St
576 Front St W
39 Brant St
75 Portland St
426 University Ave
297 College St
88 Bathurst Street
700 King St W
210 Simcoe St
38 Cameron St
470 Front St W
801 King St W
505 Richmond St W
115 Denison Ave
399 Adelaide St W
195 St Patrick St
2 Augusta Ave
508 Wellington St W
32 Camden St
195 McCaul St
230 Simcoe St
458 Richmond St W
203 College St
80 Vanauley St
78 Tecumseth St
18 Stafford St
435 Richmond St W
705 King St W
550 Front St W
50 McCaul St
25 Stafford St
775 King St W
96 St Patrick St
500 Richmond St W
461 Adelaide St W
400 Wellington St W
156 Portland St
120 St Patrick St
89 McCaul St
20 Stewart St
42 Camden St
766 King St W
20 Niagara St
676 Richmond St W
488 University Ave
480 Front St W
501 Adelaide St W
701 King St W
335 College Street
55 Stewart/552 Wellington
140 Bathurst St
781 King St W
95 Bathurst St
650 King St W
38 Niagara St
901 Queen St W
211 St Patrick Street
105 McCaul St
800 King St W
280 Simcoe St
725 King St W
60 Bathurst St
15 Stafford St
23 Brant St
181 Huron St
80 St Patrick St
10 Morrison St
455 Wellington St W
160 Baldwin St
19 Brant St
53 McCaul St
21 Nassau St
32 Stewart St
60 - 64 Niagara St
150 Beverley St
500 Wellington St W
414 Dundas Street W
436 Queen Street W
490 Queen Street W
484 Spadina Avenue
152 St Patrick St
50 Camden St
29 Camden St
Unknown Address
234 Simcoe Street
71 McCaul Street
103 Mccaul Street
1715 Edgecliff Golfway E
222 Spadina Ave
231 College Street
60 St Patrick St
73 McCaul St
188 Spadina Ave
533 Richmond St W
833 King St W
169 John St
90 Niagara St
11 Soho St
477 Richmond St W
436 Wellington St W
468 Wellington St W
8 Oxford Street
670 Richmond St W
366 College Street
400 Queen Street W
475 Queen Street West
566 Queen Street W
Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in Downtown West.
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 West Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Downtown West
Rental market activity across Downtown West in Toronto—concentrated within postal forward sortation area M5G—moves with notable pace and competitive intensity. Through the end of September 2026, the submarket recorded an average realized rent of $2,959 based on 194 closed leases over the trailing 30 days, alongside 169 active listings currently on the market. With an absorption rate of 53.4% and an average days on market of just 17 days, properties turn over swiftly, demanding prompt application submissions from prospective tenants. Landlord asking targets average $3,169 across active listings, establishing a moderate asking-to-realized spread of $210 per month that reflects healthy negotiation space for well-prepared applicants.
Positioned slightly above the wider municipal benchmark, Downtown West rents average 4.89% ($138) higher than the broader Toronto average of $2,821, positioning the submarket as an active central enclave. Tracking spans 125 residential buildings across the postal area, with 1-bedroom and 1-bedroom plus den configurations leading overall transaction volume. Active inventory spans a diverse range of unit sizes and price points, offering clear choices for renters seeking downtown proximity.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Downtown West is currently $2,959/month ($4.64/SF), with an average leasing velocity of 17 Days on Market. Compared to the overall Toronto municipal benchmark ($2,820/month), Downtown West trades at a 5% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from 490 Queen Street W ($1,650/mo) to Five Hundred Wellington West ($21,000/mo).
Month Over Month Trends
Short-term price movement in Downtown West recorded a month-over-month adjustment of -$95, representing a 3.11% decrease in average realized rents compared to the prior 30-day window. This movement is driven by shifts in transaction volume between the trailing 30 days (194 closed leases averaging $2,959) and the prior 30-day period (206 closed leases averaging $3,054), alongside normal monthly variations in the proportion of compact studio and 1-bedroom suites versus larger multi-bedroom executions.
Longer Term Trends & Rental Dispersion
Longer-term pricing stability across Downtown West is demonstrated by consistent performance across 90-day ($3,061) and 180-day ($2,997) rolling windows. Overall rent dispersion highlights the broad spectrum of private leasing options available in the submarket, spanning a minimum recorded rent of $300 to a maximum of $21,000 across 1,109 historical sample transactions. The submarket median rent stands at $2,700 per month.
The middle 50% of the market—defined by the interquartile range—spans from a 25th percentile benchmark of $2,300 to a 75th percentile benchmark of $3,350 per month, representing a total dollar spread of $1,050. This structural range captures the baseline pricing for standard condominium suites, separating accessible entry-level inventory from executive properties.
Currently across Downtown West's 125 tracked multi-family properties, there are 169 active rental listings with an average asking rent of $3,169/month ($4.81/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,959/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Renters targeting Downtown West should prepare for a fast-moving market where properties lease in an average of 17 days. Prospective tenants can expect the middle 50% of standard condominium leases to fall between $2,300 and $3,350 per month. Stepping up from a standard 1-bedroom suite (averaging $2,434 over 180 days) to a 2-bedroom layout (averaging $3,539) requires an average monthly rent increase of $1,105 (45.4%), which yields an additional 296 square feet of living space. Upgrading from a 2-bedroom to a 3-bedroom configuration adds an average of $1,316 per month (37.19%) for 233 additional square feet. Applicants should verify whether parking is included in list prices, as unbundled parking structures can introduce additional monthly premiums depending on the building.
For Landlords
Landlords and condo investors operating in Downtown West should anchor pricing strategies to verified closed lease transactions rather than aspirational asking targets. With active listings averaging $3,169 against closed leases at $2,959, an asking-to-realized spread of $210 per month exists across the submarket. Overpricing inventory outside the established middle 50% band ($2,300 to $3,350) risks extending vacancy periods beyond the submarket's 17-day average DOM. Properties priced in alignment with recent realized benchmarks benefit from a healthy 53.4% absorption rate, securing qualified tenants efficiently.
For Realtors
Real Estate agents representing clients in Downtown West should leverage current transaction velocity and inventory metrics across the 125 tracked developments in postal area M5G. With an average DOM of 17 days—outpacing the municipal average by 1 day—agents must advise buyer and tenant clients to assemble documentation prior to viewing. Managing list-to-lease spreads requires monitoring the $210 gap between active asking averages and closed lease contracts, ensuring pricing accuracy across standard 1-bedroom and 2-bedroom listings.
Downtown West Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Downtown West, Toronto
What is the average rent for a condominium or apartment in Downtown West, Toronto?
Downtown West's average realized lease price is $2,959 per month ($4.64/sqft), based on 194 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market spans from $2,300 to $3,350 per month, placing submarket rates 4.89% above the broader Toronto municipal benchmark.
How much is a 1-bedroom apartment in Downtown West?
The average rent for a 1-bedroom apartment in Downtown West, Toronto is $2,434 per month ($4.68/sqft) based on historical data, while 1-bedroom plus den suites average $2,783 per month ($4.39/sqft). Most 1-bedroom units lease between $2,200 (25th percentile) and $2,500 (75th percentile) per month, with an average size of 532 square feet.
How much is a 2-bedroom apartment in Downtown West?
The average rent for a 2-bedroom apartment in Downtown West, Toronto is $3,539 per month ($4.34/sqft) based on historical data, while 2-bedroom plus den suites average $4,011 per month ($4.27/sqft). Most 2-bedroom units lease between $3,050 and $3,881 per month, representing an average rent step-up of $1,105 over 1-bedroom configurations for an additional 296 square feet.
How much is a 3-bedroom apartment in Downtown West?
The average rent for a 3-bedroom apartment in Downtown West, Toronto is $4,855 per month ($4.84/sqft), based on historical data across 82 closed transactions. Three-bedroom and larger suites represent a premium inventory segment in the submarket, averaging 1,061 square feet of living space.
What are the most affordable and premium condo and apartment buildings in Downtown West?
Within Downtown West, Five Hundred Wellington West commands the highest average lease rate at approximately $21,000 per month, while entry-level private transactions across tracked submarket inventory start around $1,914 per month.
How does rent in Downtown West compare to the overall Toronto average?
Downtown West rents average $2,959 per month, which is higher than the overall Toronto average of $2,821 per month (a spread of $138 or 4.89%). Properties in Downtown West spend an average of 17 days on the market—leasing 1 day faster than the broader Toronto municipal benchmark of 18 days.
What are the postal code FSAs for Downtown West?
Condo and apartment rentals in Downtown West primarily fall within postal forward sortation areas (FSAs) such as M5G.
How fast do rental units lease in Downtown West (Days on Market)?
Rental listings in Downtown West spend an average of 17 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 1 day faster than the broader Toronto municipal benchmark of 18 days.
How should landlords price their rental listings in Downtown West to avoid vacancy loss?
With active listings averaging $3,169 against closed leases at $2,959—an asking-to-realized spread of $210 per month—landlords should align pricing closely with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the submarket average of 17 days.
How much more will a unit with a parking spot in Downtown West rent for versus a unit without one?
Reserved parking in Downtown West adds an estimated $280 to $1,055 per month across 1-bedroom and 2-bedroom layouts based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Downtown West 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 West