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City in Ontario

Condos for rent under $700K in Scarborough

307 condos in Scarborough are listed for rent under $700K, which is 27% of everything for rent. The most active neighbourhoods are Agincourt South-Malvern West and Woburn.

diverse family-friendly suburban

630,145 people lived in Scarborough at the 2021 Census, in 218,980 households. 64% of households owned their home and 36% rented. The most common homes were single-detached houses (37%) and apartments in buildings of five or more storeys (35%). 59% of homes were built before 1981, and 5% since 2011. 70% of commuters went to work by car and 25% by public transit.

Population of over 630,000 residents Diverse community with various cultures Good schools with a score of 5.8

Scarborough, Ontario

Condos for Rent in Scarborough Under $700K

Day to dayLivability

Walkability

out of 100 · averaged over 14 past and present listings

Average walk score reported on listings here

5.8

Schools near listings

out of 10 · averaged over 14 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

$725,500

1% above Ontario

In Scarborough

$725,500

In Ontario

$716,900

Median monthly rent

$2,350/mo

6% below Ontario

In Scarborough

$2,350

In Ontario

$2,499

$643

Per square foot

≈ 25.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,507

Median $725,500

Houses 755 · Condos 752

For rent

1,140

Median $2,350

Houses 722 · Condos 413

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

Affordable median sale price compared to the province
Variety of housing types available
Strong community feel with diverse cultures
Good access to schools and educational facilities

Keep in mind

Walkability score of 35 indicates limited pedestrian access
Median rent is slightly below provincial average
Population density may feel crowded in some areas

The feel of the placeLifestyle

Daily life in Scarborough offers a mix of suburban comfort and community activities. Residents enjoy access to parks, schools, and shopping.

Great for first-time buyers families renters

Within the boundaryWhat's nearby

The boundary

192.4 km²

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

321

Parks

471

Playgrounds

Transit stations

Grocery stores

416

Restaurants

166

Cafés

Gyms

Libraries

121

Pharmacies

Counted across all 192.4 km² of Scarborough. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.1/10

Average rating of the 187 rated schools in this area

230

Elementary

Secondary

Sathya Sai
Independent · TO Private Non-Inspected
10.0/10
1st of 3,045 Ontario elementary schools
24 students
St Sylvester Catholic School
Catholic · Grades JK–8 · Toronto CDSB
9.6/10
35th of 3,045 Ontario elementary schools
140 students · EQAO 2024-2025
Iroquois Junior Public School
Public · Grades JK–6 · Toronto DSB
9.4/108.7 over 5 yrs
48th of 3,045 Ontario elementary schools
285 students · EQAO 2024-2025
Chine Drive Public School
Public · Grades JK–8 · Toronto DSB
9.3/108.4 over 5 yrs
53rd of 3,045 Ontario elementary schools
130 students · EQAO 2024-2025
St Henry Catholic School
Catholic · Grades JK–8 · Toronto CDSB
9.3/108.8 over 5 yrs
53rd of 3,045 Ontario elementary schools
245 students · EQAO 2024-2025
Agnes Macphail Public School
Public · Grades JK–8 · Toronto DSB
8.9/108.3 over 5 yrs
108th of 3,045 Ontario elementary schools
250 students · EQAO 2024-2025

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

630,145

Population (2021)

187.2 km²

Area

3,366

People per km²

42.4

Median age

$89,098

Median income

64%

Own their home

2.9

People per household

218,980

Households

Every age

Children (under 15)14.9%
Working age (15–64)66.2%
Seniors (65+)18.9%

What is built here

Detached houses37.2%
Semi-detached4.4%
Townhouses9.5%
Duplexes7.5%
Low-rise apartments5.7%
High-rise apartments35.1%

Own or rent

64%Owners

36%Renters

Across 218,980 households

When it was built

Mostly 1961–1980

1960 or earlier22%
1961–198037%
1981–199015%
1991–200010%
2001–20055%
2006–20104%
2011–20153%
2016–20213%

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.

55.5%
Born outside Canada: 29.7%
Hold a degree or higher: 48.7%
Employment rate: 24.6%
Commute by transit: 69.6%
Commute by car: 1.7
Children per family: $79,765
Median income after tax: $102,433
Average household income: 12.9%
Living on a low income: $1,375/mo
Renters pay, per month: $1,528/mo
Owners pay, per month: $812,192
Median home value at census: 25.7%
Renters spending 30%+ of income on housing: 24.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 867 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 Scarborough

How many condos in Scarborough rent for under $700K?

307 condos in Scarborough are listed for rent under $700K today, 27% of the 1,140 homes for rent. Their median rent is $2,400/mo.

All rentals in Scarborough

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

Under $700K, Scarborough has condo apartments (307) for rent. Most have 1 to 3 bedrooms.

Condos for rent in Scarborough

Keep looking

More Rentals in Scarborough

1,140 homes are for rent in Scarborough. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.