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Rental costs in Toronto/GTA

Last updated on April 15, 2025

The Greater Toronto Area or the GTA comprises of the City of Toronto, Peel Region (Brampton, Caledon, Mississauga), and regional municipalities within Halton, Durham, and York regions.

Average rental costs as of March – April 2025

Downtown Toronto averages tend to be higher than what is listed for bachelor/studio units and 1+ bedroom apartments in the GTA. It is also important to keep in mind that different types of housing range in price. The cost of rental housing differs significantly between a room in a house, a floor of a house, a basement apartment, a unit in an apartment building, or a newer condo unit.

The average rental costs listed are based on the following sources:

  • CMHC (Canada Mortgage and Housing Corporation)’s data as of October 2024.
  • U of T’s Off-Campus Housing Finder listings from April 1, 2024 – March 31, 2025.
  • AMR (Average Monthly Rent) 2025 data published by the City of Toronto.

Toronto/GTA average

Rental SizeCMHC AverageCity of Toronto AverageHousing Finder Average
RoomNot available$1,126$1,268
Bachelor/Studio$1,448$1,456$1,855
1-bedroom apartment$1,715$1,715$1,914
2-bedroom apartment$1,972$1,985$2,868
3+ bedroom apartment$2,185$2,268+$3,600+

Near St. George (Downtown Toronto)

Rental SizeCMHC AverageHousing Finder Average
Bachelor/Studio$1,574$1,858
1-bedroom apartment$1,968$2,186
2-bedroom apartment$2,627$2,945
3+ bedroom apartment$3,494+$3,605+

Near UTM

Rental SizeCMHC AverageHousing Finder Average
Bachelor/Studio$1,207$1,246
1-bedroom apartment$1,808$1,487
2-bedroom apartment$1,988$2,151
3+ bedroom apartment$2,024+$ Not available

Near UTSC

Rental SizeCMHC AverageHousing Finder Average
Bachelor/Studio$1,413$ Not available
1-bedroom apartment$1,582$1,202
2-bedroom apartment$1,718$1,913
3+ bedroom apartment$1,896$2,542+