Apartments Toronto
Rental Rates in Toronto
Toronto is the most expensive city in Canada to rent an apartment in after Vancouver, BC. One bedroom apartments in Toronto start around $725 per month and can easily reach $1,800 or more for some condos. Two bedroom apartments in Toronto typically start at $850 however most cost well over $1,200 with some costing as much as $4,100 per month! The vacancy rate in Toronto is at about 3.1% which means you should be able to find an apartment however many buildings will be full. Be patient with your apartment search and something will come up.The following are the average vacancy rates and rents for townhomes and apartments combined:
| Apartments/Townhouse (Oct 2009) | Avaiable Units | Vacancy Rate | Studio | 1 Bedroom | 2 Bedroom | 3+ Bedroom |
| Toronto Average Rentals | 260,268 | 3.1% | $759 | $297 | $1,106 | $1,311 |
| Toronto Central | 29,280 | 1.6% | $828 | $1,059 | $1,455 | -- |
| Toronto East | 6,699 | 5.0% | $719 | $890 | $1,203 | $1,426 |
| Toronto North | 29,688 | 2.3% | $833 | $1,051 | $1,407 | $2,004 |
| Etobicoke South | 10,335 | 4.3% | $682 | $803 | $962 | $1,145 |
| Etobicoke Central | 16,236 | 4.0% | $791 | $955 | $1,140 | $1,349 |
| Etobicoke North | 5,889 | 4.5% | $693 | $858 | $975 | $1,095 |
| York | 16,815 | 3.2% | $659 | $874 | $1,089 | $1,441 |
| East York | 18,708 | 3.2% | $717 | $868 | $1,082 | $1,400 |
| York | 16,815 | 3.2% | $717 | $868 | $1,081 | $1,405 |
| Scarborough Central | 14,577 | 3.0% | $715 | $838 | $961 | $1,198 |
| Scarborough North | 7,126 | 2.1% | $812 | $905 | $1,043 | $1,159 |
| Scarborough East | 12,738 | 1.5% | $744 | $828 | $937 | $1,071 |
| North York Southeast | 17,947 | 2.9% | $729 | $897 | $1,058 | $1,351 |
| North York Northeast | 12,063 | 2.4% | $837 | $982 | $1,149 | $1,368 |
| North York Southwest | 9,245 | 3.7% | $672 | $840 | $988 | $1,224 |
| North York Central | 12,554 | 2.4% | $697 | $950 | $1,128 | $1,317 |
| North York Northwest | 17,653 | 4.6% | $670 | $798 | $944 | $1,123 |
Renting a private condo is generally higher than renting an apartment of equal size and age. Average condo rents in the City of Toronto are:
| Condo Rentals (As of Oct 2009) | Avaiable Units | Vacancy Rate | Studio | 1 Bedroom | 2 Bedroom | 3+ Bedroom |
| Toronto | 39,179 | 0.8% | -- | $1,293 | $1,530 | $1,545 |
| Toronto Central | 20,826 | 1.3% | -- | $1,296 | $1,789 | -- |
| Toronto East | 3,853 | 0.5% | -- | $979 | $1,249 | $1,360 |
| Toronto North | 4,587 | 1.3% | -- | $1,236 | $1,406 | $1,226 |
| Toronto South | 9,977 | 0.5% | -- | $1,420 | $1,368 | $1,258 |