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Market Overview
The market for condos for rent in Observatory offers a strong mix of choice and convenience for people who want a lower-maintenance lifestyle. Right now, there are 10 active listings, giving renters a meaningful snapshot of what’s available across different building styles, layouts, and locations within the community. Current listings show an average price of $2,598, with properties spending about 39 days on the market—an important indicator of how quickly well-positioned rentals tend to move.
Recent pricing momentum is reflected in +23.7%, which helps renters gauge whether conditions are trending more competitive or becoming more flexible. Even when the broader market shifts, condos can remain a popular option because they often provide practical amenities, efficient floor plans, and access to everyday essentials. Overall, Observatory continues to attract interest from residents looking for a balance of comfort, connectivity, and a manageable rental experience.
Browse Listings
Visitors can explore 10 available condos for rent in Observatory to compare options side by side and narrow down the best fit. Inventory often includes a range of suite sizes, building types, and views, making it easier to match preferences—whether the priority is a quieter setting, a more central location, or a layout that supports working from home.
Because these listings are for rent, it’s helpful to look beyond just price and consider factors like bedroom count, overall space, and how the building’s features align with day-to-day routines. Browsing the latest availability in Observatory can also help renters understand what’s realistic for their budget and timing before scheduling viewings.
Pricing Insights
Pricing for condos for rent in Observatory can vary based on suite size, bedroom count, and building characteristics. The current average price is $2,598, which provides a useful baseline for comparing listings. For a more detailed value perspective, the average price per square foot sits at $4, helping renters assess how efficiently space is priced across different options. At the same time, the broader $2,300 - $3,500 highlights how the market accommodates everything from more budget-conscious rentals to higher-end suites with premium finishes or locations.
Square footage also plays a major role in overall affordability and comfort. With an average size of 698 sqft, renters can better estimate whether typical units align with their needs—such as accommodating roommates, creating a dedicated office area, or simply having extra storage and living space. When evaluating listings, it’s wise to compare both the total monthly cost and the implied value of the space offered, especially when similar buildings may include different features, layouts, or lease terms.
Average Prices by Bedroom
Bedrooms Avg. Price Listings 1 Bed $2,357 7 2 Beds $2,989 2 3+ Beds $3,500 1 Living in the Area
Living in Observatory appeals to renters who want day-to-day convenience without sacrificing a sense of neighbourhood identity. The area’s overall character is shaped by a mix of residential streets and nearby commercial pockets, creating an environment where daily routines—errands, commutes, and social plans—can feel straightforward. Many residents choose condo living here for the simplicity it offers, including building maintenance handled by management and a more “lock-and-leave” lifestyle that fits busy schedules.
Walkability is often a deciding factor for condo renters, and Observatory can be a strong match for those who prefer having essentials within reach. Even for people who drive, the ability to complete smaller errands on foot can make everyday life easier. The community feel tends to come through in shared spaces, local services, and the steady rhythm of residents who treat the neighbourhood as a long-term home rather than a temporary stop.
Condo renters also appreciate the flexibility of choosing a layout that matches their stage of life, whether that means downsizing, upgrading, or finding a functional space that supports working from home. Beyond the unit itself, building culture can matter—quiet hours, pet policies, and shared amenities can all shape the living experience. Overall, Observatory provides an appealing balance: a place where residents can enjoy comfort, predictable upkeep, and easy access to the broader city while still feeling grounded in a distinct local setting.
Market Trends
The table below highlights key comparisons and changes in condos for rent in Observatory, helping renters understand how pricing and activity are moving over time.
Market Trends
Period Avg. Price Listings Avg. DOM Current $2,598 10 39 days Last 12 Months $2,719 35 14 days Last 90 Days $2,643 17 24 days What's Nearby
Transit access is a major advantage for renters prioritizing connectivity, and 16TH AV / ELM AV—located 596.56295382247—can make commuting and getting around more convenient. For everyday shopping, residents can look to Enzo's No Frills for grocery and household staples, reducing the need for long trips across town.
For a quick caffeine break or a casual meeting, Country Style provides a nearby coffee option that fits easily into a daily routine. Together, these nearby conveniences help explain why condo living in Observatory can feel practical, connected, and easy to navigate.
Frequently Asked Questions
What is the average price of condos for rent in Observatory?
The current average price for condos for rent in Observatory is $2,598. This figure is best used as a benchmark; the actual monthly cost can vary depending on suite size, bedroom count, and building features. Reviewing active listings can help renters compare what’s included at different price points.
How many condos for rent are available in Observatory right now?
There are currently 10 active listings. Availability can change quickly, especially for well-priced units, so checking frequently and being ready to book showings can help renters stay ahead of competition.
How long do condos typically stay on the market in Observatory?
On average, listings spend about 39 days on the market. A shorter average can suggest higher competition, while a longer average may indicate renters have more time to compare options and negotiate terms.
What should renters consider when comparing listings for rent in Observatory?
Beyond the advertised price, renters often compare total space, layout functionality, and overall value relative to similar listings. With 10 options and an average of 39 days on market, it can be useful to shortlist favourites quickly, confirm key lease details during inquiries, and then schedule viewings to choose the best match.
Groceries can be found at Enzo's No Frills which is a 7-minute walk and you'll find Uptown Health Centre a 7-minute walk as well. For nearby green space, Park could be good to get out of your home and catch some fresh air or to take your dog for a walk.
Without a car, you can get around rather easily. The closest transit stop is a BusStop (16TH AV / ELM AV) and is a 5-minute walk, but there is also a Subway stop, FINCH STATION - SUBWAY PLATFORM, a 11-minute drive connecting you to the TTC. It also has (Bus) route 85 Rutherford, (Bus) route 16 16th Avenue, and more nearby.
