With housing prices out of reach for many Torontonians and the surrounding Greater Toronto Area (GTA), RentSeeker.ca, one of Canada’s largest and most visited online apartment finders, published new data showing the average rent in Toronto for apartments and the surrounding Greater Toronto Area (GTA).
Average rent in Toronto Proper
As expected, Toronto ranked the most expensive city throughout the Greater Toronto Area with rents for Studio / Bachelor apartments in Toronto averaging $928 (per month).
1 Bedroom Apartments in Toronto averaged $1,201 (per month).
2 Bedroom Apartments in Toronto averaged $1,596 (per month).
And 3 Bedroom Apartments in Toronto averaged a whopping $2,321 (per month).
For those willing to commute (and looking to save on housing costs), cities like Oshawa which is located about an hour or so away from Toronto, has apartment rentals available for quite a bit less monthly rent, making commuting a serious consideration for many.
Average Rent in GTA (Surrounding Areas)
Studio / Bachelor apartments in Oshawa averaged $680 (per month) – compared to Toronto’s $928.
1 Bedroom Apartments in Oshawa averaged $858 (per month).
2 Bedroom Apartments in Oshawa averaged $1,002 (per month).
And 3 Bedroom Apartments in Oshawa averaged $1,212 (per month) – compared to Toronto’s 3 Bedroom Apartments at $2,321.
Other cities listed on the new RentSeeker.ca report of average rents for apartment – include:
To view real-time average rent in Toronto and other Canadian cities, make sure to check out our average rents page.
For more information about Canada’s Rental Market, Apartment Design, Decorating and DIY Ideas, and Apartment Living Tips, follow RentSeeker.ca’s blog.
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