Rental costs in Toronto/GTA

Below are housing costs from the Canada Mortgage and Housing Corporation (CMHC) Rental Market Fall 2018 Report. Please note that downtown Toronto averages tend to be about $500 higher than what is listed for Bachelors and 1+ bedroom apartments.

Toronto/GTA average

• Room: N/A
• Bachelor/studio: $1,080 – $1,520
• 1-bedroom apartment: $1,261 – $1,910
• 2-bedroom apartment: $1,467 – $2,393
• 3+ bedroom apartment: $1,633 – $2,982

Some additional costs from the U of T Off-Campus Housing Service Averages Fall 2018 report:

Near St. George (Downtown Toronto)

• Room: $1,011
• Bachelor/studio: $1,224
• 1-bedroom apartment: $1,333
• 2-bedroom apartment: $2,223
• 3+ bedroom apartment: $3,027

Near UTM

• Room: $526
• Bachelor/studio: $1,053
• 1-bedroom apartment: $1,250
• 2-bedroom apartment: $1,495
• 3+ bedroom apartment: $2,004

Near UTSC

• Room: $753
• Bachelor/studio: $1,015
• 1-bedroom apartment: $1,250
• 2-bedroom apartment: $1,413
• 3+ bedroom apartment: $2,821