Real Estate for Rent in University, Toronto, ON

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

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Neighbourhood in Toronto

University

vibrant student-friendly community-oriented

University is a vibrant neighbourhood in Toronto known for its lively atmosphere and diverse community. It offers a mix of residential and rental options, making it suitable for various lifestyles.

High walkability score of 97 Diverse range of restaurants and cafes Proximity to several schools and parks Strong rental market with many options Centrally located with good transit access

University, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

Day to dayLivability

Walkability

out of 100 · averaged over 55 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

$1,624,950

136% above Toronto 127% above Ontario

In University

$1,624,950

In Toronto

$689,950

In Ontario

$717,000

Median monthly rent

$3,200/mo

14% above Toronto 28% above Ontario

In University

$3,200

In Toronto

$2,800

In Ontario

$2,500

≈ 42.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $1,624,950

Houses 16 · Condos 10

For rent

Median $3,200

Condos 40 · Houses 21

Recently sold

Recently leased

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 biking
Many educational institutions nearby
Active community with plenty of amenities
Diverse dining options available
Strong rental market for investors

Keep in mind

Higher prices compared to city median
Majority of residents are renters
Traffic congestion during peak hours

The feel of the placeLifestyle

Daily life in University is bustling and lively, with easy access to shops, cafes, and recreational spaces. The area attracts a mix of students, professionals, and families.

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.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 1.4 km² of University. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.5/10

Average rating of the 2 rated schools in this area

Elementary

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 Through September 2026 Deep sales history

What homes in University actually rent for

347 homes were leased in University over the 12 months to September 2026. Half leased above $2,857 and half below, 1.4% lower than the 12 months before. A typical home found its tenant in 18 days — 5 days quicker than a year ago.

Median rent: $2,857; -1.4% year over year
Days to lease: 18; 5 days quicker
Leases closed: 347; last 12 months
Rent per square foot: $4.00/mo; from 279 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.

$7,385$5,428$3,472$1,515

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,997/mo

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

−10%Asking rent+10%

Of the asking rent: 99.9%
Leased over asking: 12.7%

From 347 leases that closed here in the last 12 months.

Rent or buy in University

43 years

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

Median sold price

$1,474,954

65 sales

Median rent

$2,857/mo

347 leases

Gross rental yield

2.32%

before costs

Both figures come from deals that actually closed in University 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 University

A single median hides this: the mix of homes behind it, and what each kind costs.

347leases

Condo apartment$2,88169.7%
Semi-detached$3,6674.6%
Multiplex$3,1753.5%
Other kinds of home$3,5001.4%
Detached$3,3001.4%
Other kinds, too few of each —19.4%

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
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	31	$3,000	$2,350 – $3,270	15	100.0%
Aug 2026	51	$3,240	$2,500 – $3,450	13	100.0%
Jul 2026	44	$3,108	$2,500 – $3,680	15	100.0%
Jun 2026	58	$2,774	$2,300 – $6,980	15	100.1%
May 2026	31	$2,850	$2,200 – $3,473	15	100.0%
Apr 2026	26	$2,675	$2,259 – $3,838	26	100.0%
Mar 2026	22	$2,550	$2,261 – $3,178	30	100.0%
Feb 2026	19	$2,750	$2,275 – $4,248	18	100.0%
Jan 2026	15	$2,450	$2,050 – $3,948	28	100.0%
Dec 2025	17	$3,000	$2,500 – $3,195	25	98.3%
Nov 2025	10	$2,413	$2,225 – $3,096	23	99.4%
Oct 2025	23	$2,500	$2,273 – $2,875	14	100.0%
Sep 2025	28	$2,950	$2,388 – $3,920	23	100.0%
Aug 2025	47	$3,050	$2,273 – $3,473	17	100.0%
Jul 2025	68	$3,038	$2,300 – $3,420	18	100.0%
Jun 2025	49	$2,700	$2,250 – $3,300	16	100.0%
May 2025	27	$2,600	$2,275 – $3,600	17	100.0%
Apr 2025	28	$2,850	$2,300 – $3,350	23	100.0%
Mar 2025	22	$3,075	$2,375 – $3,815	19	100.0%
Feb 2025	16	$2,900	$2,238 – $4,150	23	100.0%
Jan 2025	22	$2,860	$2,088 – $3,750	32	100.0%
Dec 2024	13	$2,500	$2,250 – $3,100	31	98.0%
Nov 2024	20	$2,625	$2,258 – $3,421	45	100.0%
Oct 2024	26	$3,225	$2,676 – $4,500	42	100.0%
Sep 2024	34	$2,775	$2,361 – $3,511	58	100.0%
Aug 2024	94	$2,800	$2,361 – $3,499	30	100.0%
Jul 2024	67	$2,700	$2,300 – $3,418	31	100.0%
Jun 2024	40	$2,573	$2,298 – $3,463	36	100.0%
May 2024	25	$2,975	$2,380 – $3,600	42	100.0%
Apr 2024	23	$3,057	$2,563 – $5,675	49	100.0%
Mar 2024	7	$2,950	$2,200 – $3,475	29	100.0%
Feb 2024	14	$4,129	$2,350 – $6,900	19	100.0%
Jan 2024	16	$2,606	$1,920 – $3,923	40	100.0%
Dec 2023	22	$2,800	$2,600 – $3,750	28	100.0%
Nov 2023	36	$3,250	$2,625 – $3,890	24	100.0%
Oct 2023	40	$3,150	$2,675 – $3,575	15	100.0%

What people ask about University

How much does a home cost in University?

Homes in University sold for a median of $1,474,954 over the 12 months to September 2026, across 65 closed sales — half sold for more and half for less. That is 10.5% higher than the 12 months before it.

How long does it take to sell a home in University?

A home in University took a median of 28 days on the market over the 12 months to September 2026. Homes there closed at 96.9% of the asking price on average, with 26.2% selling over asking.

How much is rent in University?

The median lease in University closed at $2,857 a month over the 12 months to September 2026, across 347 leases.

Is it cheaper to rent or buy in University?

A home in University costs about 43.0 years of the rent on one — the median price of $1,474,954 against a median rent of $2,857 a month, a gross yield of 2.32%. The shorter that number, the closer buying is to renting before financing costs.

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 home. Not an appraisal or an opinion of value.

Condos in University

A condo here is its own market

Half the condo apartments that changed hands in University over the 12 months to September 2026 sold above $616,000. Condos were 9% of everything that closed here, so there is no freehold market in University to read that number against.

Median condo sold price: $616K; 6 closed sales
Median condo rent: $2,881/mo; 242 leases
Days to sell: 53; median, condo apartments
Share of all sales: 9%; of everything that closed here