---
📊 Market Overview
The average rent for an apartment in Toronto stands at C$2,047 per month, marking a 1.7% decrease from the previous year. Here's a breakdown by apartment size:
Studio: C$1,612/month
1-bedroom: C$2,047/month
2-bedroom: C$2,539/month
3-bedroom: C$2,962/month
Notably, North York commands the highest rental rate per square foot at C$4.44, significantly above the city average of C$2.80 .
---
🏘️ Neighborhoods with High Rental Availability
Several Toronto neighborhoods currently offer a higher supply of rental properties, providing more options for renters:
Mount Dennis: Average rent of C$1,798/month for 684 sq ft apartments.
Oakwood-Vaughan: Average rent of C$1,929/month for 548 sq ft apartments.
Cabbagetown-South St. James Town: Average rent of C$1,966/month for 492 sq ft apartments .
These areas are particularly attractive to renters seeking more affordable options without venturing far from the city center.
---
🏙️ Neighborhoods Featuring Attractive Apartments
For those interested in aesthetically pleasing and well-appointed apartments, several Toronto neighborhoods stand out:
The Annex: Known for its historic Victorian and Edwardian homes, offering a blend of classic architecture and modern amenities.
Liberty Village: A trendy area with converted industrial lofts, appealing to young professionals and artists.
Parkdale: Features a mix of historic homes and mid-century apartment buildings, providing a diverse range of rental options .
These neighborhoods are ideal for renters seeking properties with distinctive features and a strong sense of community.
---
🔍 Conclusion
Toronto's rental market in May 2025 offers a mix of opportunities for renters. While prices have seen a slight decrease, the market remains competitive, especially in desirable neighborhoods. Prospective tenants are encouraged to explore various districts to find accommodations that best suit their preferences and budgets.
---
