North Midtown Apartments for Rent & Condo Comps

North Midtown's average realized lease price is $2,694 per month ($4.28 per square foot), based on 199 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market ranges between $2,150 per month (25th percentile) and $2,898 per month (75th percentile), with a median rent of $2,400 per month. This places North Midtown at a 4.5% discount compared to the broader Toronto municipal average of $2,821 per month.

The average rent for a 1-bedroom apartment in North Midtown, Toronto is $2,212 per month ($4.38 per square foot) based on 30-day tracking data, while 1-bedroom plus den suites average $2,388 per month ($4.04 per square foot). Most standard 1-bedroom units lease between $2,040 per month (25th percentile) and $2,250 per month (75th percentile), with an average size of 522 square feet across historical transactions.

The average rent for a 2-bedroom apartment in North Midtown, Toronto is $3,194 per month ($4.30 per square foot) based on 30-day tracking data, while 2-bedroom plus den suites average $4,283 per month ($5.34 per square foot) over the same 30-day window. Most standard 2-bedroom units lease between $2,700 per month (25th percentile) and $3,250 per month (75th percentile), representing an average rent step-up of $898 per month and 245 square feet over a standard 1-bedroom configuration.

The average rent for a 3-bedroom apartment in North Midtown, Toronto is $4,714 per month ($3.95 per square foot), based on trailing 30-day data comprising 9 closed leases. Three-bedroom and larger suites represent a scarce inventory segment in the submarket, with tracked closed units averaging 996 square feet across all-time records and an interquartile range spanning $3,488 to $4,339 per month.

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 at $1,400 per month.

North Midtown rents average $2,694 per month, which is lower than the overall Toronto average of $2,821 per month (a spread of $127 per month or 4.5%). Properties in North Midtown spend an average of 19 days on the market—leasing 1 day slower than the broader Toronto municipal benchmark of 18 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 19 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 1 day slower than the broader Toronto municipal benchmark of 18 days.

With active listings averaging $2,873 per month against closed leases at $2,694 per month—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 durations from exceeding the submarket average of 19 days.

Reserved parking in North Midtown adds an estimated $292 to $448 per month to 1-bedroom plus den 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.