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City in Ontario

Condos for rent under $700K in North York

741 condos in North York are listed for rent under $700K, which is 47% of everything for rent. The most active neighbourhoods are Willowdale East and Bayview Village.

urban family-friendly diverse

683,511 people lived in North York at the 2021 Census, in 264,285 households. 53% of households owned their home and 47% rented. The most common homes were apartments in buildings of five or more storeys (49%) and single-detached houses (24%). 56% of homes were built before 1981, and 12% since 2011. 65% of commuters went to work by car and 27% by public transit.

Population of 672,955 87 walkability score

North York, Ontario

Condos for Rent in North York Under $700K

Day to dayLivability

Walkability

out of 100 · averaged over 25 past and present listings

Average walk score reported on listings here

Schools near listings

out of 10 · averaged over 25 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

$849,000

18% above Ontario

In North York

$849,000

In Ontario

$716,900

Median monthly rent

$2,500/mo

On par with Ontario

In North York

$2,500

In Ontario

$2,499

$1,027

Per square foot

≈ 28.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

2,531

Median $849,000

Condos 1,379 · Houses 1,148

For rent

1,582

Median $2,500

Condos 881 · Houses 700

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

Strong walkability for easy access to amenities
Abundant parks for outdoor activities
Diverse community with a rich culture
Good public transit options

Keep in mind

Median home prices above provincial average
Higher rental prices compared to the province

The feel of the placeLifestyle

Daily life in North York is active, with plenty of parks and transit options for commuting. Residents enjoy a blend of city and suburban living.

Great for families commuters first-time buyers

Within the boundaryWhat's nearby

The boundary

175.6 km²

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

418

Parks

572

Playgrounds

105

Transit stations

102

Grocery stores

567

Restaurants

231

Cafés

Gyms

Libraries

135

Pharmacies

Counted across all 175.6 km² of North York. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.2/10

Average rating of the 94 rated schools in this area

264

Elementary

Secondary

Avondale Alternative Elementary School
Public · Grades JK–8 · Toronto DSB
10.0/1010.0 over 5 yrs
1st of 3,045 Ontario elementary schools
135 students · EQAO 2024-2025
Northmount
Independent · TO Private Non-Inspected
10.0/109.8 over 5 yrs
1st of 3,045 Ontario elementary schools
18 students
École élémentaire Mathieu-da-Costa
Public · French · Grades JK–6 · Conseil scolaire Viamonde
9.9/105.6 over 5 yrs
23rd of 3,045 Ontario elementary schools
160 students · EQAO 2024-2025
Cardinal Carter Academy for the Arts
Catholic · Grades 9–12 · Toronto CDSB
9.3/109.0 over 5 yrs
8th of 742 Ontario secondary schools
665 students · EQAO 2024-2025
York Mills Collegiate Institute
Public · Grades 9–12 · Toronto DSB
9.0/10
18th of 742 Ontario secondary schools
1,295 students · EQAO 2024-2025
École élémentaire Paul-Demers
Public · French · Grades JK–6 · Conseil scolaire Viamonde
9.0/10
91st of 3,045 Ontario elementary schools
170 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside North York, 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

683,511

Population (2021)

176.0 km²

Area

3,885

People per km²

Median age

$92,601

Median income

53%

Own their home

2.7

People per household

264,285

Households

Every age

Children (under 15)14.4%
Working age (15–64)67.3%
Seniors (65+)18.2%

What is built here

Detached houses23.9%
Semi-detached6.9%
Townhouses6.3%
Duplexes2.9%
Low-rise apartments11.2%
High-rise apartments48.7%

Own or rent

53%Owners

47%Renters

Across 264,285 households

When it was built

Mostly 1961–1980

1960 or earlier19%
1961–198037%
1981–199010%
1991–20009%
2001–20056%
2006–20106%
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.

55%
Born outside Canada: 38.9%
Hold a degree or higher: 51.9%
Employment rate: 27.2%
Commute by transit: 65.4%
Commute by car: 1.7
Children per family: $80,732
Median income after tax: $120,828
Average household income: 14.2%
Living on a low income: $1,570/mo
Renters pay, per month: $1,609/mo
Owners pay, per month: $1,107,552
Median home value at census: 33.9%
Renters spending 30%+ of income on housing: 25.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 861 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 condos for rent under $700K in North York

How many condos in North York rent for under $700K?

741 condos in North York are listed for rent under $700K today, 47% of the 1,582 homes for rent. Their median rent is $2,500/mo.

All rentals in North York

What kind of condo can I rent in North York for under $700K?

Under $700K, North York has condo apartments (741) for rent. Most have 1 to 3 bedrooms.

Condos for rent in North York

Keep looking

More Rentals in North York

1,582 homes are for rent in North York. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.