How much is rent in Toronto for a 1-bedroom? (November 2026)
Real leased rents, what you need to qualify, and whether to sign now or wait.
By Inderpal Sidhu · Updated November 2026 · 4 min read
Quick answer
How much is rent in Toronto for a 1-bedroom in 2026?
About $2,000 to $2,300 a month. A one-bedroom condo in the City of Toronto leased for $2,316 on average in Q2 2026 (TRREB), and an unfurnished one-bedroom apartment listed for about $1,969 in October 2026 (liv.rent). After almost three years of declines, Toronto asking rents rose 1.6% year over year in October.
Updated November 12, 2026 · Inderpal Sidhu, Salesperson, HomeLife Silvercity Realty Inc., Brokerage
Toronto rents by size (TRREB, Q2 2026 condo leases)
| Unit | Average rent |
|---|---|
| Studio / bachelor | $1,862 |
| 1-bedroom | $2,316 |
| 2-bedroom | $3,154 |
| 3-bedroom | $3,882 |
| 3-bedroom condo townhouse | $3,575 |
These are leased (actual) rents for condos listed on the MLS. Purpose-built apartments and basement units usually rent for less; downtown and new towers for more.
Compared with the rest of the GTA
A one-bedroom costs about $2,050 in Brampton, $2,130 in Vaughan, $2,190 in Mississauga and about $1,950 in Durham (TRREB, Q2 2026). See average rent by city and renting in Toronto.
Looking for a 1-bedroom in Toronto?
Tell me your budget, area and move date. I will send matching rentals and help you put together an application that wins.
Find my rentalWhat you need to get approved
- An employment letter and recent pay stubs. Many landlords look for income of roughly 3 times the rent (about $83,000 a year for a $2,300 unit).
- A full credit report.
- A previous landlord reference.
- Self-employed or new to Canada: bank statements, a notice of assessment or a guarantor.
- First and last month’s rent. A landlord cannot ask for a damage deposit in Ontario.
Sign now or wait?
Rents in Toronto fell for almost three years, but asking rents turned up again in October 2026 (+1.6% year over year), and leasing activity is rising faster than new rental listings. If you find the right unit, waiting is unlikely to save you money. Read the November rent report. Paying $2,300+? Compare it with buying.
Want help finding the right 1-bedroom?
Start hereFAQ
How much is rent in Toronto for a 1-bedroom in 2026?
About $2,000 to $2,300 a month. A one-bedroom condo in the City of Toronto leased for $2,316 on average in Q2 2026 (TRREB), and an unfurnished one-bedroom apartment listed for about $1,969 in October 2026 (liv.rent). After almost three years of declines, Toronto asking rents rose 1.6% year over year in October.
What is the average rent for a studio in Toronto?
About $1,862 for a bachelor condo in Q2 2026 (TRREB).
How much income do I need to rent in Toronto?
Many landlords look for gross income around 3 times the rent: about $83,000 a year for a $2,300 one-bedroom.
Are Toronto rents going up?
Yes, slightly. Asking rents rose 1.6% year over year in October 2026, the first increase in almost three years.
Questions? Call, text or WhatsApp me. I answer personally.
Call or text 647-338-6875Sources
TRREB Rental Market Report, Q2 2026
Canadian Press via CHCH: asking rents, October 2026
Ontario: renting in Ontario, your rights
General information only, not legal, tax, mortgage or financial advice. Rules and rates change; confirm with a real estate lawyer, mortgage professional and the CRA before you act. Inderpal Sidhu, Salesperson, HomeLife Silvercity Realty Inc., Brokerage.