Landlord guide · Toronto rent data
Average rent in Toronto: September 2026, by unit size and district
Short answer
Toronto's average asking rent was $2,556 a month in September 2026, for every size and type of unit listed, according to Rentals.ca and Urbanation. One-bedrooms averaged $2,220, down 2.3% from a year earlier, and two-bedrooms $2,937, up 0.8% from a year earlier. Signed condo leases and existing tenancies sit at different levels, compared below.
Toronto's average rent in September 2026
The average asking rent for a home listed in Toronto in September 2026 was $2,556 a month, across every size and type of rental: apartments, condos, houses and townhouses. That was the highest of the 30 Ontario cities in the report. A one-bedroom averaged $2,220, down 2.3% from a year earlier. A two-bedroom averaged $2,937, up 0.8% from a year earlier.
Across Ontario, the average asking rent was $2,240, down 4.8% from a year earlier. Nationally, asking rents have now been lower than a year earlier for 24 months in a row. The figures come from the National Rent Report by Rentals.ca and Urbanation, published on October 7, 2026, and we update this page each month when the next one comes out.
For a landlord, these are the numbers a new tenant compares your listing with. Before a unit goes up, our tenant placement service prices it against comparable listings near it, then handles the showings, screening and lease for one flat fee of one month's rent plus HST.
Average rent by district: North York, Scarborough, Etobicoke and East York
The report lists four parts of the city on their own, separately from Toronto. Rents differ by hundreds of dollars from one to the next. Part of that gap is location, and part is the mix of homes listed in each district, from new condo towers to older apartment buildings and basement units.
| Area | All units | 1 bedroom | 1-bed, year over year | 2 bedrooms | 2-bed, year over year |
|---|---|---|---|---|---|
| Toronto | $2,556 | $2,220 | down 2.3% | $2,937 | up 0.8% |
| North York | $2,528 | $2,093 | down 2.6% | $2,692 | down 2.6% |
| Etobicoke | $2,431 | $2,099 | down 3.0% | $2,644 | down 2.6% |
| Scarborough | $2,178 | $1,855 | down 8.6% | $2,315 | down 7.4% |
| East York | $2,044 | $1,800 | down 7.1% | $2,355 | down 0.9% |
In September 2026, Toronto had the highest one-bedroom asking rent of these five ($2,220) and East York the lowest ($1,800). One-bedrooms fell most in Scarborough, down 8.6% from a year earlier. Our pages for North York, Scarborough and Etobicoke cover what renting there involves, and average rents across Ontario has the nearby cities, from Mississauga to Vaughan.
Why Toronto rent figures don't match
Search for Toronto's average rent and you'll find numbers hundreds of dollars apart. Most of them are right: they measure different things. These are the four you'll see most often.
| What's measured | 1 bedroom | 2 bedrooms | Source and period |
|---|---|---|---|
| Asking rents on new listings, Toronto | $2,220 | $2,937 | Rentals.ca and Urbanation, September 2026 |
| Condo apartments leased across the GTA | $2,273 | $3,013 | TRREB, April to June 2026 |
| Purpose-built rentals, sitting tenants included, Toronto area | $1,761 | $2,045 | CMHC, October 2025 |
| The City of Toronto's average market rent, used for affordable housing | $1,763 | $2,055 | City of Toronto, 2026 (from CMHC's survey) |
- Asking rents are what landlords listed vacant units for that month. They move first when the market turns, and they're what a new tenant compares your unit with.
- Leased condo rents are what tenants signed for. TRREB members leased 21,251 condo apartments across the GTA from April to June 2026, up 4.2% from a year earlier, 15,388 of them (72%) in the City of Toronto. Year over year, the average one-bedroom lease was down 2.3% and the average two-bedroom down 1.7%.
- Purpose-built rents include tenants who moved in years ago, and most of those tenancies can only rise by Ontario's yearly guideline. That's why they sit hundreds of dollars below today's asking rents. CMHC's survey put the Toronto area's purpose-built vacancy rate at 3.0% in October 2025, the first time it reached 3% since the pandemic.
- Listing sites' own averages count different listings again. liv.rent counts unfurnished listings in the City of Toronto, basement suites included and rents above $5,000 left out; by its count, an unfurnished one-bedroom averaged $1,947 in August 2026, down 6.0% from a year earlier.
How Toronto rents have changed since 2014
CMHC surveys purpose-built rentals every October, which makes it the longest consistent series for Toronto. From 2014 to 2025, the average one-bedroom in the Toronto area went from $1,067 to $1,761, up 65%, and the average two-bedroom from $1,251 to $2,045, up 63%.
- 1 bedroom
- 2 bedrooms
See the numbers
| Year | 1 bedroom | 2 bedrooms |
|---|---|---|
| 2025 | $1,761 | $2,045 |
| 2024 | $1,715 | $1,972 |
| 2023 | $1,691 | $1,958 |
| 2022 | $1,527 | $1,779 |
| 2021 | $1,439 | $1,680 |
| 2020 | $1,421 | $1,637 |
| 2019 | $1,361 | $1,563 |
| 2018 | $1,261 | $1,468 |
| 2017 | $1,194 | $1,403 |
| 2016 | $1,132 | $1,326 |
| 2015 | $1,103 | $1,286 |
| 2014 | $1,067 | $1,251 |
Asking rents for new tenancies have moved the other way lately. Nationally, asking rents have now been lower than a year earlier for 24 months in a row. In Toronto in September 2026, one-bedroom asking rents were down 2.3% from a year earlier and two-bedrooms up 0.8%. A year of falling asking rents shows up only slowly in CMHC's figures, because most of the tenants it counts already have a lease.
What the numbers mean if you're renting out a unit
Three things stand out for Toronto landlords right now:
- Tenants have choice. Across the GTA, 27,844 condo apartments were listed for rent from April to June 2026 and 21,251 were leased (TRREB). A unit priced above its comparables sits, and each empty month costs a full month's rent.
- A new tenancy resets the rent. In Ontario, the rent you agree with a new tenant isn't capped. That's why existing tenancies average hundreds less than new listings: $1,761 for a one-bedroom in CMHC's survey, against $2,220 asked for one today. After that first year, most units can only go up by the guideline, 1.9% for 2027.
- Newer units follow different rules. Units first lived in after November 15, 2018 are exempt from the guideline, but increases still need 12 months between them and 90 days' written notice. Our rent increase guide explains both.
Good pricing starts from close comparables: the same building or street, the same size, the same parking and laundry, and how long similar units sat before they leased. If inquiries are thin after the first week or two, the price needs a second look. Owners of condos have extra steps with the building, covered on our condo leasing page.
Toronto rules that affect what a rental earns
Rent is only part of the return. Toronto has rules of its own that apply in every district, including North York, Scarborough, Etobicoke and East York:
Toronto rental rules at a glance
| Rental licence or unit registration | A multi-tenant house licence where four or more rooms are rented to people who aren't one household: $27.04 a room plus a $162.24 inspection. Source: rental licence or unit registration |
|---|---|
| Short-term rentals | Principal residence only, registered with the City ($390 for 2026), and a whole home for no more than 180 nights a year. Source: short-term rentals |
| Additional units | Multiplexes of up to four units in every neighbourhood, and up to six in Ward 23 (Scarborough North). Source: additional units |
| Other local rules | A Vacant Home Tax of 3% of assessed value on homes left empty six months or more in a year, with a yearly declaration. Source: other local rules A rental renovation licence, applied for within seven days of an N13 notice, with rent-gap payments to tenants (since July 31, 2025). Source: other local rules |
Checked October 18, 2026. Ontario-wide rules apply everywhere; we list only the local ones we found. Compare Toronto with other Ontario cities
Our guides to the Vacant Home Tax and Toronto's short-term rental rules go into detail, and our Toronto page covers how we place tenants across the city.
How this page is kept up to date
The asking rents, the district table and the short answer update every month, when Rentals.ca and Urbanation publish their report. TRREB's lease figures change every quarter, and CMHC's survey and the City's average market rents once a year; we add each one when it's released. Every figure on this page names its source and period, and the sources are listed below.
These are city-wide averages. Your unit's rent depends on its building, floor plan, parking and what's listed near it this month, which is why we price every unit on its own.
Sources
- Rentals.ca and Urbanation, National Rent Report (October 2026 report, September 2026 data, published October 7, 2026)
- CP24, Average asking rents fall 4.2% in September, marking 24 months of decreases (October 7, 2026)
- Toronto Regional Real Estate Board, Rental Market Report (Q2 2026, condo apartment leases)
- TRREB, Rental Market Report Q2 2026 (PDF) (City of Toronto and GTA summary tables)
- CMHC, Toronto: historical average rents by bedroom type (Rental Market Survey, October 2014 to 2025)
- The Canadian Press, reported by Canadian Mortgage Trends: Rent growth slowed in 2025 as national vacancy rate continued to rise: CMHC (December 11, 2025)
- City of Toronto, Setting occupancy costs for affordable housing (2026 average market rents, page updated September 24, 2026)
- liv.rent, August 2026 Ontario rent report (published August 10, 2026)
- Government of Ontario, Residential rent increases (updated June 23, 2026)
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