Real Estate for Rent in Palmerston-Little Italy, Toronto, ON
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Neighbourhood in Toronto
Palmerston-Little Italy
Palmerston-Little Italy is a vibrant neighbourhood in Toronto. It offers a mix of residential options and a rich cultural atmosphere.
Toronto, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Listed Aug 22, 2026
Unit 2nd Floor, 525 Ossington Avenue
Toronto (Palmerston-Little Italy), ON M6G 3T3
MultiplexFor Rent
Listed Aug 21, 2026
231 Clinton Street
Toronto (Palmerston-Little Italy), ON M6G 2Y4
DetachedFor Rent
Listed Aug 20, 2026
Unit 2, 45 Clinton Street
Toronto (Palmerston-Little Italy), ON M6J 2N9
MultiplexFor Rent
Listed Aug 18, 2026
Unit Basement, 431 Roxton Road
Toronto (Palmerston-Little Italy), ON M6G 3R5
Semi-DetachedFor Rent
Day to dayLivability
96
Walkability
out of 100 · averaged over 25 past and present listings
Average walk score reported on listings here
6.9
Schools near listings
out of 10 · averaged over 1,236 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
$1,688,000
In Palmerston-Little Italy
$1,688,000
In Toronto
$689,950
In Ontario
$717,000
Median monthly rent
$2,413/mo
In Palmerston-Little Italy
$2,413
In Toronto
$2,800
In Ontario
$2,500
≈ 58.3 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
47
Median $1,688,000
Houses 39 · Condos 8
For rent
38
Median $2,413
Houses 33 · Condos 5
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-10. 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
- Great for walking and public transit
- Variety of dining options available
- Strong sense of community
- Access to schools and parks
Keep in mind
- Housing prices are above city median
- Higher rent compared to some areas
The feel of the placeLifestyle
Daily life in Palmerston-Little Italy is lively and community-oriented, with many local shops and eateries. Residents enjoy a mix of urban living and green spaces.
Within the boundaryWhat's nearby
The boundary
1.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
5
Parks
9
Playgrounds
8
Transit stations
2
Grocery stores
52
Restaurants
25
Cafés
6
Gyms
1
Libraries
5
Pharmacies
Counted across all 1.4 km² of Palmerston-Little Italy. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
7.3/10
Average rating of the 6 rated schools in this area
6
Elementary
6
Secondary
Montrose Junior Public School
Public · Grades JK–6 · Toronto DSB
9.3/1053rd of 3,045 Ontario elementary schools
185 students · EQAO 2024-2025
Clinton Street Junior Public School
Public · Grades JK–6 · Toronto DSB
9.0/107.4 over 5 yrs91st of 3,045 Ontario elementary schools
315 students · EQAO 2024-2025
Harbord Collegiate Institute
Public · Grades 9–12 · Toronto DSB
7.5/107.6 over 5 yrs142nd of 742 Ontario secondary schools
980 students · EQAO 2024-2025
Central Toronto Academy
Public · Grades 9–12 · Toronto DSB
6.7/106.0 over 5 yrs275th of 742 Ontario secondary schools
975 students · EQAO 2024-2025
Loretto College School
Catholic · Grades 9–12 · Toronto CDSB
5.7/105.7 over 5 yrs440th of 742 Ontario secondary schools
510 students · EQAO 2024-2025
Dewson Street Junior Public School
Public · Grades JK–6 · Toronto DSB
5.4/101,985th of 3,045 Ontario elementary schools
335 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Palmerston-Little Italy, 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
13,171
Population (2021)
1.4 km²
Area
9,168
People per km²
37.3
Median age
$88,719
Median income
42%
Own their home
2.1
People per household
6,195
Households
Every age
- Children (under 15)9.1%
- Working age (15–64)75.2%
- Seniors (65+)15.7%
What is built here
- Detached houses6.4%
- Semi-detached16%
- Townhouses5.1%
- Duplexes6.8%
- Low-rise apartments59.3%
- High-rise apartments4.9%
- Other attached homes1.9%
Own or rent
42%Owners
58%Renters
Across 6,195 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier73%
- 1961–198015%
- 1981–19904%
- 1991–20002%
- 2001–20050%
- 2006–20101%
- 2011–20152%
- 2016–20211%
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.
- 28.6%
- Born outside Canada
- 52.9%
- Hold a degree or higher
- 63.6%
- Employment rate
- 23.6%
- Commute by transit
- 39.6%
- Commute by car
- 1.6
- Children per family
- $77,028
- Median income after tax
- $133,129
- Average household income
- 10.8%
- Living on a low income
- $1,731/mo
- Renters pay, per month
- $1,708/mo
- Owners pay, per month
- $1,546,697
- Median home value at census
- 41.1%
- Renters spending 30%+ of income on housing
- 23.9%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 27 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)
What homes in Palmerston-Little Italy actually rent for
286 homes were leased in Palmerston-Little Italy over the 12 months to September 2026. Half leased above $2,845 and half below, 1.8% lower than the 12 months before. A typical home found its tenant in 22 days — 3 days slower than a year ago.
- Median rent
- $2,845
- -1.8% year over year
- Days to lease
- 22
- 3 days slower
- Leases closed
- 286
- last 12 months
- Rent per square foot
- $3.02/mo
- from 215 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 home here differs from the next.
What renters actually paid
$3,000/mo
on a $3,000 asking rent — right at the asking rent
- Of the asking rent
- 100.0%
- Leased over asking
- 20.6%
From 286 leases that closed here in the last 12 months.
Rent or buy in Palmerston-Little Italy
41.5 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$1,418,502
99 sales
Median rent
$2,845/mo
286 leases
Gross rental yield
2.41%
before costs
Both figures come from deals that actually closed in Palmerston-Little Italy over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
What actually rents in Palmerston-Little Italy
A single median hides this: the mix of homes behind it, and what each kind costs.
- Multiplex$2,68024.1%
- Semi-detached$3,00120.6%
- Detached$3,05715.4%
- Other kinds of home$2,9215.6%
- Other kinds, too few of each —34.3%
How fast it moves
Median days on market, month by month. Taller means slower.
Terracotta marks the last 12 months.
Every month behind these charts — Palmerston-Little Italy, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 25 | $2,600 | $2,100 – $3,850 | 28 | 100.0% |
| Aug 2026 | 30 | $2,948 | $2,431 – $3,555 | 16 | 100.0% |
| Jul 2026 | 32 | $2,875 | $2,075 – $3,463 | 26 | 100.0% |
| Jun 2026 | 25 | $2,300 | $1,800 – $3,050 | 17 | 100.0% |
| May 2026 | 26 | $2,754 | $1,600 – $3,400 | 16 | 100.0% |
| Apr 2026 | 35 | $3,073 | $2,250 – $4,200 | 15 | 100.0% |
| Mar 2026 | 23 | $2,995 | $2,500 – $3,498 | 16 | 100.0% |
| Feb 2026 | 21 | $2,850 | $2,500 – $3,220 | 36 | 100.0% |
| Jan 2026 | 20 | $3,150 | $2,650 – $3,849 | 30 | 100.0% |
| Dec 2025 | 20 | $2,500 | $2,199 – $2,875 | 22 | 100.0% |
| Nov 2025 | 14 | $2,675 | $2,088 – $3,309 | 28 | 100.0% |
| Oct 2025 | 15 | $3,500 | $2,700 – $3,750 | 15 | 100.0% |
| Sep 2025 | 38 | $2,725 | $1,996 – $3,725 | 18 | 100.0% |
| Aug 2025 | 42 | $2,940 | $1,963 – $3,788 | 15 | 100.0% |
| Jul 2025 | 23 | $3,400 | $2,625 – $3,750 | 15 | 100.0% |
| Jun 2025 | 25 | $3,250 | $2,650 – $3,640 | 16 | 100.0% |
| May 2025 | 24 | $2,950 | $2,125 – $4,425 | 32 | 100.0% |
| Apr 2025 | 23 | $2,600 | $2,100 – $3,694 | 21 | 100.0% |
| Mar 2025 | 17 | $2,380 | $2,180 – $3,300 | 11 | 100.0% |
| Feb 2025 | 14 | $2,850 | $2,513 – $3,561 | 11 | 100.0% |
| Jan 2025 | 12 | $3,025 | $2,806 – $3,386 | 25 | 100.0% |
| Dec 2024 | 5 | $2,550 | $2,500 – $3,050 | 31 | 100.0% |
| Nov 2024 | 20 | $2,725 | $2,321 – $3,525 | 20 | 100.0% |
| Oct 2024 | 16 | $3,100 | $2,636 – $4,144 | 16 | 100.0% |
| Sep 2024 | 25 | $2,850 | $2,375 – $5,245 | 31 | 100.0% |
| Aug 2024 | 39 | $3,400 | $2,750 – $4,700 | 29 | 100.0% |
| Jul 2024 | 24 | $3,050 | $2,300 – $3,350 | 31 | 100.0% |
| Jun 2024 | 18 | $3,125 | $2,700 – $3,500 | 53 | 100.0% |
| May 2024 | 23 | $3,000 | $2,800 – $4,100 | 50 | 100.0% |
| Apr 2024 | 20 | $2,438 | $2,098 – $3,500 | 43 | 99.8% |
| Mar 2024 | 13 | $3,396 | $2,450 – $4,600 | 35 | 100.0% |
| Feb 2024 | 15 | $3,680 | $2,713 – $5,075 | 39 | 100.0% |
| Jan 2024 | 17 | $2,778 | $2,150 – $5,063 | 13 | 100.0% |
| Dec 2023 | 24 | $3,025 | $2,450 – $4,038 | 19 | 100.0% |
| Nov 2023 | 24 | $2,750 | $2,384 – $3,686 | 12 | 100.0% |
| Oct 2023 | 33 | $3,500 | $2,400 – $3,613 | 8 | 100.0% |
What people ask about Palmerston-Little Italy
How much does a home cost in Palmerston-Little Italy?
Homes in Palmerston-Little Italy sold for a median of $1,418,502 over the 12 months to September 2026, across 99 closed sales — half sold for more and half for less. That is 14.4% lower than the 12 months before it.
How long does it take to sell a home in Palmerston-Little Italy?
A home in Palmerston-Little Italy took a median of 23 days on the market over the 12 months to September 2026. Homes there closed at 98.3% of the asking price on average, with 29.3% selling over asking.
How much is rent in Palmerston-Little Italy?
The median lease in Palmerston-Little Italy closed at $2,845 a month over the 12 months to September 2026, across 286 leases.
Is it cheaper to rent or buy in Palmerston-Little Italy?
A home in Palmerston-Little Italy costs about 41.5 years of the rent on one — the median price of $1,418,502 against a median rent of $2,845 a month, a gross yield of 2.41%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Palmerston-Little Italy 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 home. Not an appraisal or an opinion of value.
A condo here is its own market
12 condo apartments are on the market in Palmerston-Little Italy right now. Too few have closed here in the last year for us to publish a median we would stand behind.