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City in Ontario

Condos for rent in Toronto

Name: HOMEH Market Pulse — Toronto closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 2,501 condos and apartments for rent in Toronto today, with a median rent of $2,700/mo (+4% vs. all rentals in Toronto). 747 are 1-bedroom condos for rent. The most active neighbourhoods are Waterfront Communities, Church-Yonge Corridor and Bay Street Corridor.

urban diverse lively

2,794,356 people lived in Toronto at the 2021 Census, in 1,160,800 households. 52% of households owned their home and 48% rented. The most common homes were apartments in buildings of five or more storeys (47%) and single-detached houses (23%). 58% of homes were built before 1981, and 13% since 2011. 61% of commuters went to work by car and 26% by public transit.

Toronto, Ontario

Toronto Condo Rentals

Day to dayLivability

Walkability

out of 100 · averaged over 215 past and present listings

Average walk score reported on listings here

6.4

Schools near listings

out of 10 · averaged over 215 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

$839,000

17% above Ontario

In Toronto

$839,000

In Ontario

$716,900

Median monthly rent

$2,600/mo

4% above Ontario

In Toronto

$2,600

In Ontario

$2,499

$1,085

Per square foot

≈ 26.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

4,856

Median $839,000

Condos 3,253 · Houses 1,602

For rent

4,048

Median $2,600

Condos 2,739 · Houses 1,304

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 dining options
Many parks for outdoor activities
Good public transit access

Keep in mind

Higher median sale price than provincial average
Median rent is above provincial average

The feel of the placeLifestyle

Daily life in Toronto is busy and lively, with many activities and services available. The city has a mix of urban and suburban areas.

Great for young professionals families first-time buyers

Within the boundaryWhat's nearby

The boundary

661.4 km²

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

1,669

Parks

2,209

Playgrounds

1,015

Transit stations

586

Grocery stores

3,605

Restaurants

1,594

Cafés

536

Gyms

142

Libraries

700

Pharmacies

Counted across all 661.4 km² of Toronto. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.4/10

Average rating of the 539 rated schools in this area

911

Elementary

325

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
Cottingham Junior Public School
Public · Grades JK–6 · Toronto DSB
10.0/10
1st of 3,045 Ontario elementary schools
140 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
Rosedale Junior Public School
Public · Grades JK–6 · Toronto DSB
10.0/109.3 over 5 yrs
1st of 3,045 Ontario elementary schools
220 students · EQAO 2024-2025
Sathya Sai
Independent · TO Private Non-Inspected
10.0/10
1st of 3,045 Ontario elementary schools
24 students
St Michael's Choir (Jr) School
Catholic · Grades 1–8 · Toronto CDSB
10.0/109.6 over 5 yrs
1st of 3,045 Ontario elementary schools
135 students · EQAO 2024-2025

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

2,794,356

Population (2021)

631.1 km²

Area

4,428

People per km²

41.2

Median age

$94,555

Median income

52%

Own their home

2.5

People per household

1,160,800

Households

Every age

Children (under 15)13.8%
Working age (15–64)69.2%
Seniors (65+)17.1%

What is built here

Detached houses23.3%
Semi-detached6.2%
Townhouses5.4%
Duplexes4.1%
Low-rise apartments13.9%
High-rise apartments46.7%

Own or rent

52%Owners

48%Renters

Across 1,160,800 households

When it was built

Mostly 1960 or earlier

1960 or earlier29%
1961–198029%
1981–19909%
1991–20008%
2001–20055%
2006–20105%
2011–20156%
2016–20217%

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.

46.6%
Born outside Canada: 41.1%
Hold a degree or higher: 54.8%
Employment rate: 26.1%
Commute by transit: 61%
Commute by car: 1.7
Children per family: $81,720
Median income after tax: $124,573
Average household income: 13.2%
Living on a low income: $1,534/mo
Renters pay, per month: $1,693/mo
Owners pay, per month: $1,041,540
Median home value at census: 33.8%
Renters spending 30%+ of income on housing: 24%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 3,743 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)

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What Condos Rent For in Toronto

34,333 condos were leased in Toronto over the 12 months to September 2026. Half leased above $2,496 and half below, 0.5% lower than the 12 months before. A typical condo found its tenant in 17 days — 2 days quicker than a year ago.

Median rent: $2,496; -0.5% year over year
Days to lease: 17; 2 days quicker
Leases closed: 34,333; last 12 months
Rent per square foot: $3.99/mo; from 27,930 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one condo here differs from the next.

$3,284$2,878$2,472$2,066

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 12.3%

From 34,333 leases that closed here in the last 12 months.

Rent or buy in Toronto

20.3 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$608,776

6,015 sales

Median rent

$2,496/mo

34,333 leases

Gross rental yield

4.92%

before costs

Both figures come from deals that actually closed in Toronto over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Toronto, rentals

Monthly closed leases in Toronto
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	2,693	$2,550	$2,250 – $3,100	14	100.0%
Aug 2026	3,796	$2,550	$2,271 – $3,100	13	100.0%
Jul 2026	4,435	$2,500	$2,225 – $3,100	14	100.0%
Jun 2026	3,707	$2,500	$2,200 – $3,000	16	100.0%
May 2026	3,143	$2,500	$2,200 – $3,000	16	100.0%
Apr 2026	3,184	$2,450	$2,150 – $2,900	19	100.0%
Mar 2026	3,125	$2,450	$2,150 – $3,000	20	100.0%
Feb 2026	2,141	$2,425	$2,150 – $2,900	21	100.0%
Jan 2026	2,093	$2,450	$2,150 – $2,900	23	100.0%
Dec 2025	1,859	$2,500	$2,200 – $2,950	21	100.0%
Nov 2025	1,923	$2,500	$2,200 – $2,950	18	100.0%
Oct 2025	2,234	$2,550	$2,291 – $3,089	17	100.0%
Sep 2025	2,717	$2,550	$2,300 – $3,100	15	100.0%
Aug 2025	4,017	$2,550	$2,250 – $3,100	15	100.0%
Jul 2025	4,965	$2,500	$2,250 – $3,100	16	100.0%
Jun 2025	3,726	$2,500	$2,200 – $3,000	17	100.0%
May 2025	3,421	$2,500	$2,200 – $3,000	17	100.0%
Apr 2025	3,335	$2,500	$2,200 – $2,950	19	100.0%
Mar 2025	2,958	$2,500	$2,200 – $3,000	20	100.0%
Feb 2025	2,206	$2,450	$2,200 – $2,915	22	100.0%
Jan 2025	2,250	$2,480	$2,200 – $2,900	26	100.0%
Dec 2024	1,886	$2,500	$2,200 – $2,950	25	100.0%
Nov 2024	1,983	$2,500	$2,295 – $3,000	22	100.0%
Oct 2024	2,182	$2,550	$2,300 – $3,073	21	100.0%
Sep 2024	2,669	$2,600	$2,350 – $3,150	23	100.0%
Aug 2024	5,566	$2,650	$2,350 – $3,200	29	100.0%
Jul 2024	4,331	$2,600	$2,350 – $3,100	27	100.0%
Jun 2024	3,110	$2,600	$2,300 – $3,100	39	100.0%
May 2024	2,898	$2,550	$2,300 – $3,050	39	100.0%
Apr 2024	2,454	$2,550	$2,300 – $3,000	38	100.0%
Mar 2024	1,557	$2,500	$2,295 – $2,995	30	100.0%
Feb 2024	783	$2,600	$2,300 – $3,000	27	100.0%
Jan 2024	901	$2,600	$2,340 – $3,000	23	100.0%
Dec 2023	798	$2,600	$2,350 – $3,000	20	100.0%
Nov 2023	977	$2,600	$2,400 – $3,095	16	100.0%
Oct 2023	977	$2,700	$2,500 – $3,200	13	100.0%

What people ask about Toronto

How much is rent for a condo in Toronto?

The median condo lease in Toronto closed at $2,496 a month over the 12 months to September 2026, across 34,333 leases.

Compiled by HOMEH from leases reported closed in Toronto on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.

Questions, answered

Common questions about condos for rent in Toronto

How much is a condo to rent in Toronto?

The median rent of the 2,501 condos for rent in Toronto is $2,700/mo. By size, the median is $2,350/mo for 1 bedroom and $2,893/mo for 2 bedrooms.

All rentals in Toronto

Are there furnished condos for rent in Toronto?

Yes. 347 of the 2,501 condos for rent in Toronto are listed furnished and 85 partly furnished.

All rentals in Toronto

Keep looking

More Rentals in Toronto

4,048 homes are for rent in Toronto. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.