How much should I expect to pay for rent in Toronto?

For Toronto, Ontario, Canada, a realistic 2026 planning range is roughly:

• Room in shared apartment/house: about C$900–C$1,500/month
• Studio/bachelor: about C$1,800–C$2,300/month
• 1-bedroom apartment/condo: about C$2,200–C$2,800/month
• 2-bedroom apartment/condo: about C$2,800–C$3,600+/month
• 3-bedroom house or large apartment: about C$3,500–C$5,000+/month

For many renters, a good baseline expectation is around C$2,400–C$2,700/month for a decent 1-bedroom in the city, with downtown, waterfront, Yorkville, Liberty Village, King West, and newer condo-heavy areas often costing more. You may find lower rents farther from downtown, in older purpose-built rentals, basement apartments, shared housing, or areas farther from subway lines.

Also budget for extras: hydro/electricity, internet, tenant insurance, parking, laundry, and moving costs. Some apartments include heat and water, but many condos do not include hydro or internet. Landlords commonly ask for first and last month’s rent upfront in Ontario.

Before signing, verify current listings on multiple rental sites and check whether the unit is rent-controlled. In Ontario, many units first occupied for residential use before November 15, 2018 are generally subject to annual rent increase limits, while newer units may not be.