South Midtown Apartments for Rent & Condo Comps

South Midtown's average realized lease price is $3,476 per month ($4.43/sqft), based on 27 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market spans from $2,200 (25th percentile) to $3,600 (75th percentile) with a median rent of $2,695, positioning South Midtown at a 23.22% premium over the broader Toronto municipal average of $2,821 per month.

The average rent for a 1-bedroom apartment in South Midtown, Toronto is $2,361 per month ($4.09/sqft) based on 180-day data spanning 64 closed leases, while 1-bedroom plus den suites average $2,613 per month ($3.82/sqft) across 26 closed leases over the same 180-day window. Most 1-bedroom units lease between $2,100 (25th percentile) and $2,475 (75th percentile) per month, with an average size of 589 square feet.

The average rent for a 2-bedroom apartment in South Midtown, Toronto is $4,647 per month ($4.75/sqft) based on 180-day data spanning 54 closed leases, while 2-bedroom plus den suites average $7,168 per month ($4.58/sqft) across 14 closed leases over the same 180-day window. Most 2-bedroom units lease between $3,000 (25th percentile) and $5,650 (75th percentile) per month, representing a rent step-up of $2,286 (96.82%) and an average space expansion of 411 square feet compared to standard 1-bedroom configurations.

The average rent for a 3-bedroom apartment in South Midtown, Toronto is $8,871 per month ($5.67/sqft), based on 180-day tracking data covering 6 closed transactions across an average size of 1,542 square feet. Three-bedroom suites represent a premium and scarce inventory segment in the submarket, with realized monthly rates ranging from a minimum of $4,700 to a maximum of $17,800.

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 at around $1,500 per month at 78 Warren.

South Midtown rents average $3,476 per month, which is higher than the overall Toronto average of $2,821 per month (a spread of $655 or 23.22%). Properties in South Midtown spend an average of 17 days on the market—leasing 1 day faster than the broader Toronto municipal benchmark of 18 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 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.

With active listings averaging $3,495 against closed leases at $3,476—an asking-to-realized spread of just $19 per month—landlords in South Midtown should align asking prices closely with recent closed lease benchmarks for their specific building rather than testing above-market targets, ensuring properties lease within or faster than the submarket average of 17 days.

Reserved parking in South Midtown adds an estimated $141 to $1,814 per month across studio and 2-bedroom layouts based on verified unbundled lease comps, though specific parking premiums vary by building and unit configuration.

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.