Rooms for Rent Toronto

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Rooms for Rent Market Summary in Toronto, ON

Median Rent

$2,541

Year-Over-Year Change

21%↑$500

of Apartments & Rooms for Rent

Hundreds

Rent Ranges in Toronto, ON

Occupied Housing Units in Toronto, ON

68%
Renter-occupied Households
32%
Owner-occupied Households

Average Rent in Toronto, ON

Last updated: February 28, 2024

Over the past month, the average rent for a room and studio apartment in Toronto increased by 3% to $2,000. The average rent for a 1-bedroom apartment increased by 3% to $2,541, and the average rent for a 2-bedroom apartment remained flat.

Co-Living & Rooms for Rent in Toronto, ON

The percentage of renters living with roommates in Toronto is higher than the national average. The national average of renters who have roommates is 15% to 26%, depending on the province, compared to Toronto's nearly 30 percent!

As the cost of rent in Toronto increases, so does the number of renters who share their home with others. In Toronto & GTA (Greater Toronto Area), as affordability worsens, people are more likely to either reside with family members or to seek out roommates.

As of September 2023, the average rent for a 1-bedroom apartment in Toronto, ON is $2,450. This is a 26% increase compared to the previous year.

Average Rent in GTA, Toronto, ON

NeighborhoodMedian Rent
Entertainment District$2,650
North Toronto$2,697
Stonegate-Queensway$2,500
Davisville Village$2,500
Riverdale$2,500
Edenbridge-Humber Valley Village$2,240