toronto rent

Rent is way more expensive in Toronto than any city in Canada

Surprise! Toronto is expensive. 

Well, that's probably not a surprise to anyone. But, Toronto was just ranked the most expensive city in Canada to rent. 

Rentals.ca has just released a report that shows, with an average of $1,902 per month for a one bedroom, Toronto is hella pricey. The price indicates a 2.8 per cent increase month-over-month.toronto rent prices

Toronto was ranked number one, to no one's surprise. Image from rentals.ca.

Coming in at second place is Richmond Hill, where a one bedroom clocks in around $1,796 a month. Vancouver was third ($1,760), Etobicoke fourth ($1,620), and Mississauga in fifth ($1,587). 

Unsurprisingly, after seeing the top five, Ontario was ranked the most expensive province as well―about $1,889 on average. 

ontario rent price

Ontario and B.C. took the top two spots for provincial averages. Image from rentals.ca.

Continuing the list of unsurprising findings, downtown was the area of Toronto with the most expensive rent by postal code, specifically around the Entertainment District, King West, and the waterfront.

The study examined 9,000 active listings on rentals.ca, and looked at both one bedrooms and two bedrooms. 

If you're looking to rent in the city, all I have to say is "good luck and godspeed, friend." 

Lead photo by

Steve I


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in Real Estate

Outrageous Ontario landlord wants you to sleep in the hallway for $525

A few complaints from locals may change building laws on one Toronto street

Toronto home for sale at $8.5 million is a stunning blend of indoor and outdoor living

Charges on building new homes in Ontario have surged by 1000% in some places

A 6,000-square-foot Toronto home for sale at $9M pushes the bungalow to its limits

Here's how long you'll really need to save to afford a home in Ontario

Toronto real estate plunge continues and market just hit shocking historic low

Prices of Toronto's most costly homes are surging even higher though no one is buying them