Most Affordable & Most Expensive Areas to Rent a Condo in Downtown Toronto

Here's your weekly recap on the most affordable & most expensive areas to rent a condo in Downtown Toronto from August 1-7, 2022.

Please note that the Downtown boundaries are as follows:
North = College St
South = Lake Ontario
West = Bathurst
East = Don Valley Parkway

1-Bed

52 units leased
Average price = $2441
Most affordable = $2100 | Richmond & Spadina
Most expensive = $4200 | University & Adelaide

1-Bed + Den

84 units leased
Average price = $2731
Most affordable = $2200 | Jarvis & Dundas
Most expensive = $5700 | Queen & Sumach

2-Bed

47 units leased
Average price = $3499
Most affordable = $2700 | Queen & University
Most expensive = $8900 | University & Adelaide

2-Bed + Den

24 units leased
Average price = $3764
Most affordable = $2995 | Corktown
Most expensive = $5500 | Yonge & Wellington

3-Bed

10 units leased
Average price = $4635
Most affordable = $3500 | Richmond & Sherbourne
Most expensive = $8000 | Queens Quay W & Spadina

The rental market only seems to be accelerating faster as we approach the end of summer so be sure to check back next week for the most up-to-date stats!

Have any questions about renting?

Feel free to message me on Instagram @TorontoRealEstate.ca !

Rylie C.