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Market Overview
The market for condos for rent in Toronto offers a clear snapshot of current demand and availability, with 6,866 active listings to explore right now. On average, properties are listed around $2,751, and they spend about 35 days on the market before securing a tenant or closing—an important indicator for anyone tracking competition and timing. Recent movement in pricing, reflected by +10.1%, helps frame whether conditions are trending in a more competitive direction or easing toward better negotiating opportunities.
For people comparing Canadian rental markets, this area stands out for its mix of inventory, pricing variety, and the ability to filter options by layout, building type, and lifestyle needs. Whether the goal is to find a practical home base close to daily essentials or to secure a space that fits a specific budget, the current selection of condos provides multiple paths to narrowing down the right fit.
Browse Listings
Visitors can browse 6,866 available condos for rent in Toronto and quickly see how selection changes by size, style, and location within the community. Options may include everything from efficient layouts suited to streamlined living to larger configurations that accommodate roommates, work-from-home needs, or more storage and breathing room.
Because this page is focused on homes for rent, it’s designed to help renters compare listings efficiently—sorting by bedrooms, estimated size, and other common priorities. The variety of condos in the area makes it easier to match a preferred lifestyle, whether someone values convenience, a quieter residential feel, or a balance of both.
Pricing Insights
Pricing for condos for rent in Toronto is best understood through a few key benchmarks. The current average price is $2,751, offering a practical reference point for comparing individual listings. Another helpful metric is $4, which can make it easier to evaluate value across different building types, finishes, and layouts—especially when square footage varies significantly between units.
In addition to price, overall space matters. With an average size of 681 sqft, renters can estimate what their budget might translate to in terms of livable area and room configuration. Reviewing price per square foot alongside the bedroom count often provides a clearer apples-to-apples comparison when deciding between a smaller unit in a premium building and a larger unit with a more practical finish level.
Average Prices by Bedroom
Bedrooms Avg. Price Listings Studio $1,901 414 1 Bed $2,348 3,620 2 Beds $3,220 2,408 3+ Beds $4,391 421 Living in the Area
Life in Toronto appeals to renters looking for an environment that balances everyday convenience with a sense of neighbourhood identity. The area’s overall character is shaped by a mix of residential pockets and busier corridors, which can create a range of living experiences depending on the building and the immediate surroundings. For many residents, the draw is the ability to set up a routine that works—whether that means quick access to daily essentials, an easy commute, or the comfort of having familiar services and community spaces nearby.
Walkability and day-to-day livability are often major considerations for condo renters. In many Canadian communities, condo living can reduce maintenance responsibilities while offering a more streamlined lifestyle. That can be especially attractive for renters who prefer to spend more time enjoying the city, meeting friends, or focusing on work and family rather than on property upkeep. Depending on the building, residents may also benefit from shared spaces that support common routines, such as welcoming entry areas and practical amenities that simplify daily life.
The community feel in Toronto can vary from street to street, which is why exploring different pockets—along with the types of buildings available—can be so valuable. Some renters prioritize a quieter setting, while others prefer an energetic vibe and the convenience of being closer to commercial activity. With the right filters and a clear list of needs, it becomes easier to pinpoint a condo that matches both budget and lifestyle, without overcomplicating the search.
Market Trends
To understand how today’s conditions compare with recent periods, the table below highlights key market signals for condos for rent in Toronto.
Market Trends
Period Avg. Price Listings Avg. DOM Current $2,751 6,866 35 days Last 12 Months $2,774 42,331 24 days Last 90 Days $2,710 10,043 21 days Top Areas
Exploring sub-areas within Toronto can help renters narrow down the right fit, especially when comparing building styles, setting, and overall feel from one pocket to the next.
Top Areas
Area Avg. Price Listings Avg. DOM Willowdale $2,628 487 36 days Church St. Corridor $2,578 360 38 days King West $3,101 328 38 days Harbourfront $3,156 306 37 days Islington-City Centre West $2,376 268 30 days Bay St. Corridor $2,820 262 38 days Yonge and Bloor $3,078 237 39 days Mimico $2,921 235 34 days Yonge and Eglinton $2,610 204 36 days St. Lawrence $2,740 202 25 days Frequently Asked Questions
What is the average price of condos for rent in Toronto?
The current average price is $2,751. This figure is a helpful starting point for budgeting, but individual listings can vary based on factors like size, bedroom count, and the features offered by the building.
How many condos are currently available for rent in Toronto?
There are 6,866 active listings for condos for rent in Toronto. Inventory changes frequently, so checking back often can help renters spot new opportunities quickly—particularly when a preferred bedroom type or price point is in higher demand.
How long do condos for rent typically stay on the market in Toronto?
On average, listings spend about 35 days on the market. A shorter average can suggest stronger competition, while a longer average may indicate more time to compare choices and negotiate terms. Timing can also vary by bedroom type and overall pricing.
What should renters look at besides the listed price when comparing condos in Toronto?
Beyond the average price of $2,751, renters often compare $4 to gauge relative value across units with different sizes and layouts. Considering the average size of 681 sqft can also help set realistic expectations about space. Finally, reviewing the number of options available (6,866) and the typical pace of the market (35 days) can help renters decide how quickly to act when the right unit appears.
You are not far from Tim Hortons for that morning caffeine fixand if you're not in the mood to cook, Swiss Chalet Rotisserie & Grill, Extreme Pita and Leaside Pizza are near this property. For groceries there is Whole Foods Market which is an 8-minute walk.
Without a car, you can get around rather easily. It also has route Bayview, and route Sunnybrook nearby. For drivers, it might be easier to get around the city getting on or off Don Valley Parkway and Wynford Dr, which is within a few minutes drive.
