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City in Ontario

Homes for rent under $1M in Etobicoke

799 homes in Etobicoke are listed for rent under $1M, which is 100% of everything for rent. Condo apartments are the largest group, and the most active neighbourhoods are Mimico and Islington-City Centre West.

family-friendly suburban diverse

376,237 people lived in Etobicoke at the 2021 Census, in 149,035 households. 60% of households owned their home and 40% rented. The most common homes were apartments in buildings of five or more storeys (43%) and single-detached houses (35%). 62% of homes were built before 1981, and 12% since 2011. 73% of commuters went to work by car and 20% by public transit.

Population of 365,143 Walkability score of 47 Schools rated 7.1 out of 10

Etobicoke, Ontario

Homes for Rent in Etobicoke Under $1M

Day to dayLivability

Walkability

out of 100 · averaged over 30 past and present listings

Average walk score reported on listings here

7.1

Schools near listings

out of 10 · averaged over 30 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$814,000

14% above Ontario

In Etobicoke

$814,000

In Ontario

$716,900

Median monthly rent

$2,600/mo

4% above Ontario

In Etobicoke

$2,600

In Ontario

$2,499

$921

Per square foot

≈ 26.1 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,383

Median $814,000

Condos 786 · Houses 596

For rent

797

Median $2,600

Condos 471 · Houses 324

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Diverse housing options
Family-friendly neighborhoods
Good school ratings
Close to parks and recreation

Keep in mind

Prices are above the provincial median
Walkability is limited
Higher average rent compared to nearby areas

The feel of the placeLifestyle

Daily life in Etobicoke is suburban, with access to amenities and parks. It has a mix of residential areas and commercial spaces.

Great for first-time buyers families young professionals

Within the boundaryWhat's nearby

The boundary

128.7 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

250

Parks

430

Playgrounds

Transit stations

Grocery stores

323

Restaurants

149

Cafés

Gyms

Libraries

101

Pharmacies

Counted across all 128.7 km² of Etobicoke. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.5/10

Average rating of the 67 rated schools in this area

118

Elementary

Secondary

St Clement Catholic School
Catholic · Grades JK–8 · Toronto CDSB
9.6/108.7 over 5 yrs
35th of 3,045 Ontario elementary schools
555 students · EQAO 2024-2025
Lambton Kingsway Junior Middle School
Public · Grades JK–8 · Toronto DSB
9.2/108.9 over 5 yrs
68th of 3,045 Ontario elementary schools
690 students · EQAO 2024-2025
Josyf Cardinal Slipyj Catholic School
Catholic · Grades JK–8 · Toronto CDSB
9.0/108.5 over 5 yrs
91st of 3,045 Ontario elementary schools
700 students · EQAO 2024-2025
Bishop Allen Academy Catholic Secondary School
Catholic · Grades 9–12 · Toronto CDSB
8.7/108.0 over 5 yrs
33rd of 742 Ontario secondary schools
1,460 students · EQAO 2024-2025
Richview Collegiate Institute
Public · Grades 9–12 · Toronto DSB
8.7/107.8 over 5 yrs
33rd of 742 Ontario secondary schools
1,000 students · EQAO 2024-2025
École élémentaire Félix-Leclerc
Public · French · Grades JK–6 · Conseil scolaire Viamonde
8.7/107.7 over 5 yrs
130th of 3,045 Ontario elementary schools
155 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Etobicoke, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

376,237

Population (2021)

124.4 km²

Area

3,025

People per km²

42.2

Median age

$101,746

Median income

60%

Own their home

2.6

People per household

149,035

Households

Every age

Children (under 15)14.4%
Working age (15–64)67.2%
Seniors (65+)18.3%

What is built here

Detached houses34.7%
Semi-detached2.4%
Townhouses5.3%
Duplexes4.1%
Low-rise apartments10.1%
High-rise apartments43.2%

Own or rent

60%Owners

40%Renters

Across 149,035 households

When it was built

Mostly 1961–1980

1960 or earlier29%
1961–198033%
1981–19908%
1991–20007%
2001–20054%
2006–20105%
2011–20156%
2016–20216%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

45.1%
Born outside Canada: 35.8%
Hold a degree or higher: 54.7%
Employment rate: 19.9%
Commute by transit: 73.1%
Commute by car: 1.7
Children per family: $87,555
Median income after tax: $128,112
Average household income: 10.7%
Living on a low income: $1,507/mo
Renters pay, per month: $1,592/mo
Owners pay, per month: $971,343
Median home value at census: 31.8%
Renters spending 30%+ of income on housing: 21%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 501 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

Questions, answered

Common questions about homes for rent under $1M in Etobicoke

How many homes in Etobicoke rent for under $1M?

799 homes in Etobicoke are listed for rent under $1M today, 100% of the 797 homes for rent. Their median rent is $2,600/mo.

All rentals in Etobicoke

What kind of home can I rent in Etobicoke for under $1M?

Under $1M, Etobicoke has condo apartments (399), detached houses (170) and multiplexes (81) for rent. Most have 1 to 4 bedrooms.

Condos for rent in Etobicoke

Keep looking

More Rentals in Etobicoke

797 homes are for rent in Etobicoke. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.