Condos for Rent in University, Toronto, ON

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Neighbourhood in Toronto

University

lively student-friendly culturally rich

University is a vibrant neighbourhood in Toronto known for its lively atmosphere and diverse community. It offers a mix of residential options and easy access to amenities, making it a popular choice for students and professionals alike.

Close to many schools Abundant restaurants and cafes High walkability score Rich cultural scene Good public transit access
University, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

© Wikimedia Commons contributors (CC BY-SA)

At a glance

Photo of Unit 404, 484 Spadina Avenue

Unit 404, 484 Spadina Avenue

Toronto (University)

For Rent
Listed for:

Listed 23 days ago

$4,065/month
  • 2Bedrooms
  • 2Bathrooms
  • 0Parking
  • 700~799Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 705, 484 Spadina Avenue

Unit 705, 484 Spadina Avenue

Toronto (University)

For Rent
Listed for:

Listed 23 days ago

$4,020/month
  • 2Bedrooms
  • 2Bathrooms
  • 0Parking
  • 700~799Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 2312, 488 University Avenue

Unit 2312, 488 University Avenue

Toronto (University)

For Rent
Listed for:

Listed 23 days ago

$3,200/month
  • 1+1Bedrooms
  • 1Bathroom
  • 0Parking
  • 700~799Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 1009, 199 Richmond Street W

Unit 1009, 199 Richmond Street W

Toronto (University)

For Rent
Listed for:

Listed Sep 25, 2026

$3,300/month
  • 2Bedrooms
  • 2Bathrooms
  • 1Parking
  • 700~799Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 3109, 280 Dundas Street W

Unit 3109, 280 Dundas Street W

Toronto (University)

For Rent
Listed for:

Listed Sep 24, 2026

$3,240/month
  • 2Bedrooms
  • 2Bathrooms
  • 0Parking
  • 600~699Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 811, 280 Dundas Street W

Unit 811, 280 Dundas Street W

Toronto (University)

For Rent
Listed for:

Listed Sep 24, 2026

$3,240/month
  • 1Bedroom
  • 2Bathrooms
  • 0Parking
  • 600~699Sq.Ft.

Condo ApartmentFor Rent

Day to dayLivability

97

Walkability

out of 100 · averaged over 54 past and present listings

Average walk score reported on listings here

6.9

Schools near listings

out of 10 · averaged over 1,748 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

$1,590,000

134% above Toronto 124% above Ontario

In University

$1,590,000

In Toronto

$680,000

In Ontario

$709,900

Median monthly rent

$3,240/mo

16% above Toronto 30% above Ontario

In University

$3,240

In Toronto

$2,793

In Ontario

$2,500

≈ 40.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

29

Median $1,590,000

Houses 19 · Condos 10

For rent

57

Median $3,240

Condos 40 · Houses 17

Recently sold

Sign in to see sold data

Recently leased

Sign in to see leased data

Market data as of 2026-10-25. 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

  • Central location with many amenities
  • Diverse community
  • Strong educational institutions
  • High walkability
  • Variety of housing options

Keep in mind

  • Higher prices compared to city median
  • Rental strain for many residents

The feel of the placeLifestyle

Daily life in University is busy and energetic, with many activities and services nearby. Residents enjoy a mix of cultural events and outdoor spaces.

Great for students young professionals first-time buyers

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.

10

Parks

9

Playgrounds

20

Transit stations

3

Grocery stores

65

Restaurants

37

Cafés

5

Gyms

17

Libraries

4

Pharmacies

Counted across all 1.4 km² of University. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

5.5/10

Average rating of the 2 rated schools in this area

5

Elementary

2

Secondary

  • King Edward Junior and Senior Public School

    Public · Grades JK–8 · Toronto DSB

    6.8/106.5 over 5 yrs

    1,026th of 3,045 Ontario elementary schools

    485 students · EQAO 2024-2025

  • Central Technical School

    Public · Grades 9–12 · Toronto DSB

    4.2/102.1 over 5 yrs

    641st of 742 Ontario secondary schools

    985 students · EQAO 2024-2025

  • ADRABA

    Independent

    Not rated

  • da Vinci School

    Public · Grades JK–6 · Toronto DSB

    Not rated

    75 students · EQAO 2024-2025

  • Lord Lansdowne Junior Public School

    Public · Grades JK–6 · Toronto DSB

    Not rated

    300 students · EQAO 2024-2025

  • Paul Penna Downtown Jewish Day School

    Independent

    Not rated

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

7,595

Population (2021)

1.4 km²

Area

5,404

People per km²

39.2

Median age

$85,564

Median income

39%

Own their home

2.1

People per household

3,240

Households

Every age

  • Children (under 15)6.9%
  • Working age (15–64)73.8%
  • Seniors (65+)19.2%

What is built here

  • Detached houses3.5%
  • Semi-detached6.8%
  • Townhouses8.8%
  • Duplexes5.1%
  • Low-rise apartments40.5%
  • High-rise apartments31.9%
  • Other attached homes2.2%

Own or rent

39%Owners

61%Renters

Across 3,240 households

When it was built

Mostly 1960 or earlier

  • 1960 or earlier59%
  • 1961–198021%
  • 1981–19902%
  • 1991–20001%
  • 2001–20051%
  • 2006–20105%
  • 2011–20156%
  • 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.

33.3%
Born outside Canada
60%
Hold a degree or higher
59%
Employment rate
26.4%
Commute by transit
34.6%
Commute by car
1.5
Children per family
$74,686
Median income after tax
$140,202
Average household income
14.7%
Living on a low income
$1,803/mo
Renters pay, per month
$1,159/mo
Owners pay, per month
$1,554,569
Median home value at census
49.8%
Renters spending 30%+ of income on housing
13.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 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 in University actually rent for

At least 242 condos were leased in University over the 12 months to September 2026. Half leased above $2,881 and half below, 0.1% lower than the 12 months before. A typical condo found its tenant in 18 days — 7 days quicker than a year ago.

1 of the last 12 months had at least 5 closed condos sales in University. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median rent
$2,881
-0.1% year over year
Days to lease
18
7 days quicker
Leases closed
242
last 12 months
Rent per square foot
$4.13/mo
from 203 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.

$4,841$3,795$2,750$1,704
Oct ’23Oct ’24Oct ’25Sep ’26
Median rent Middle half of leases

What renters actually paid

$2,998/mo

on a $3,000 asking rent — under ask by $2

−10%Asking rent+10%
Of the asking rent
99.9%
Leased over asking
12%

From 242 leases that closed here in the last 12 months.

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 — University, rentals
Monthly closed leases in University
MonthClosedMedianMiddle halfDays% of ask
Sep 202626$3,050$2,506 – $3,28015100.0%
Aug 202636$3,220$2,471 – $3,39511100.0%
Jul 202624$3,040$2,500 – $3,31313100.0%
Jun 202641$2,650$2,350 – $3,30011100.0%
May 202620$2,900$2,194 – $3,30016100.0%
Apr 202618$2,700$2,375 – $4,25027100.0%
Mar 202616$2,460$2,213 – $3,04933100.0%
Feb 202613$2,695$2,200 – $3,87017100.0%
Jan 20268$3,948$2,363 – $4,62538100.0%
Dec 202512$3,100$2,825 – $3,4513199.1%
Nov 20258$2,638$2,275 – $3,2462699.1%
Oct 202520$2,475$2,284 – $3,01315100.0%
Sep 202526$3,075$2,420 – $3,97027100.0%
Aug 202534$3,150$2,325 – $3,87017100.0%
Jul 202548$3,100$2,531 – $3,42018100.0%
Jun 202533$2,700$2,400 – $3,25015100.0%
May 202520$2,475$2,238 – $2,84518100.0%
Apr 202521$2,850$2,390 – $3,05023100.0%
Mar 202515$2,850$2,250 – $3,35022100.0%
Feb 202511$2,650$2,225 – $4,14023100.0%
Jan 202514$2,900$2,400 – $3,23837100.0%
Dec 202410$2,475$2,288 – $3,0252997.8%
Nov 202414$2,395$2,253 – $2,88845100.0%
Oct 202424$3,075$2,605 – $4,50044100.0%
Sep 202427$2,700$2,300 – $3,15058100.0%
Aug 202474$2,800$2,400 – $3,43835100.0%
Jul 202458$2,675$2,300 – $3,48431100.0%
Jun 202433$2,595$2,300 – $3,45032100.0%
May 202414$2,500$2,320 – $3,15044100.0%
Apr 202413$2,950$2,450 – $3,50042100.0%
Mar 20245$3,250$2,800 – $3,70027100.0%
Jan 20245$2,250$1,920 – $3,00058100.0%
Dec 202310$3,600$2,600 – $3,90057100.0%
Nov 202320$2,825$2,600 – $3,57519100.0%
Oct 202318$3,100$2,375 – $3,50020100.0%

What people ask about University

How much is rent for a condo in University?

The median condo lease in University closed at $2,881 a month over the 12 months to September 2026, across at least 242 leases.

Compiled by HOMEH from leases reported closed in University 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.