Average rent in Toronto and the GTA (October 2026)

The typical rental in the Greater Toronto Area asks $2,550 a month in October 2026. What you'll actually pay depends mostly on the kind of unit: a basement apartment asks a median $1,800, a one-bedroom condo $2,250, a two-bedroom condo $2,950 and a whole detached house $4,100. A single room in a shared home asks about $1,028.

These numbers come from the 14,213 homes listed for rent across Toronto, York, Peel, Durham and Halton on October 18, 2026. We use the median, the rent in the middle when every listing is lined up, because a few luxury penthouses can push an average far above what most units cost.

$2,550/moMedian asking rent, all rentals14,213 rentals in Toronto, York, Peel, Durham and Halton

$2,250/moMedian one-bedroom condo$2,950 for a two-bedroom

$1,800/moMedian basement apartment2,840 basement units for rent

Asking rents of homes listed for rent, not signed leases.

Source: Dibz analysis of active MLS® rental listings (TRREB, via PropTx), Oct 18, 2026

Rent by type of unit

The GTA rental market is really several markets. Condos make up almost half of all listings. Basement apartments are the second-largest group, and they're the cheapest way to rent a self-contained unit with its own kitchen. Renting a whole house costs the most, but often fits a family or a group of roommates.

Rentals between $500 and $30,000 a month. Groups: rooms 336, basement 2,840, upper 563, condo 6,505, main floor 938, main and upper 526, freehold townhouse 574, semi 190, detached 1,228. Part-of-house types come from the listing's own details.

Source: Dibz analysis of active MLS® rental listings (TRREB, via PropTx), Oct 18, 2026

Show the numbers

	Value
Room in a shared home	$1,028/mo
Basement apartment	$1,800/mo
Upper floor of a house	$2,500/mo
Condo (apartment or townhouse)	$2,600/mo
Main floor of a house	$2,800/mo
Main and upper floors	$3,300/mo
Whole freehold townhouse	$3,300/mo
Whole semi-detached house	$3,500/mo
Whole detached house	$4,100/mo

Condo rent by number of bedrooms

For condo apartments, each step up in size adds a few hundred dollars. A den, often used as a home office or small nursery, adds about $150 a month to a one-bedroom. Moving from one bedroom to two adds about $700.

Condo apartments for rent at $800 to $30,000 a month: 235 studios, 1,496 one-bedrooms, 1,296 one-bedroom-plus-dens, 2,241 two-bedrooms and 346 with three or more bedrooms.

Source: Dibz analysis of active MLS® rental listings (TRREB, via PropTx), Oct 18, 2026

Show the numbers

	Value
Studio	$1,950/mo
1 bed	$2,250/mo
1 bed + den	$2,400/mo
2 bed	$2,950/mo
3+ bed	$3,778/mo

Rent by city

Across all rental types, Oakville ($3,000), Clarington ($2,750), Burlington ($2,825), Mississauga and Whitby ($2,700) ask the most, partly because more of their rentals are whole houses. Oshawa ($2,050), Ajax ($2,000) and Newmarket ($2,150) are the lowest.

Cities with at least 100 rentals. The mix matters: a city with many basement apartments has a lower overall median than one with many whole houses.

Source: Dibz analysis of active MLS® rental listings (TRREB, via PropTx), Oct 18, 2026

Show the numbers

	Value
Ajax	$2,000/mo
Oshawa	$2,050/mo
Newmarket	$2,150/mo
Vaughan	$2,430/mo
Milton	$2,450/mo
Pickering	$2,450/mo
Brampton	$2,500/mo
Toronto	$2,550/mo
Richmond Hill	$2,570/mo
Markham	$2,600/mo
Aurora	$2,625/mo
Mississauga	$2,700/mo
Whitby	$2,700/mo
Clarington	$2,750/mo
Burlington	$2,825/mo
Oakville	$3,000/mo

Comparing the same unit across cities is fairer. Here are one- and two-bedroom condo apartments:

• 1 bedroom
• 2 bedrooms

Condo apartments with exactly one or two bedrooms above grade (a den isn't counted as a bedroom). Cities with at least 20 listings of each size.

Source: Dibz analysis of active MLS® rental listings (TRREB, via PropTx), Oct 18, 2026

Show the numbers

	1 bedroom	2 bedrooms
Toronto	$2,395/mo	$3,050/mo
Mississauga	$2,300/mo	$2,800/mo
Vaughan	$2,250/mo	$2,700/mo
Markham	$2,315/mo	$2,950/mo
Richmond Hill	$2,375/mo	$2,900/mo
Oakville	$2,200/mo	$2,800/mo
Burlington	$2,300/mo	$2,700/mo
Brampton	$2,160/mo	$2,600/mo
Milton	$2,100/mo	$2,550/mo
Oshawa	$1,950/mo	$2,195/mo

Toronto is the most expensive place to rent a condo, at $2,395 for a one-bedroom and $3,050 for a two-bedroom. Mississauga, Markham and Richmond Hill are within about $100–$150 for the same unit. Oshawa is the clear outlier on the low side at $1,950 and $2,195.

Browse live rentals by city: Toronto, Mississauga, Brampton, Vaughan, Markham, Richmond Hill, Oakville and Oshawa. Or go straight to condos for rent, houses for rent, basement apartments or rooms for rent.

How much can your rent go up?

Ontario caps yearly increases for most tenants who stay in the same unit. The rent increase guideline for 2027 is 1.9%, down from 2.1% in 2026. Your landlord can raise the rent only once every 12 months, and must give you written notice at least 90 days before, on the Landlord and Tenant Board's form.

Two big exceptions:

• Newer units: the guideline doesn't apply to units in new buildings, additions and most new basement apartments first lived in after November 15, 2018. Many condos in Toronto's newer towers fall under this, so the rent can rise by any amount (still once a year, with 90 days' notice). Ask about it before you sign.
• A new tenancy: when a unit turns over, the landlord and the new tenant agree on the rent. The cap only protects you once you're living there.

How to find a better rent

• Compare the same unit type. A basement apartment and a condo of the same size aren't the same product: check ceiling height, light, laundry and who pays the utilities.
• Look at the whole cost. Utilities, parking and internet can add $150–$400 a month. Condo rentals often include water and heat; houses usually don't.
• Check days on the market. A unit that's been listed for weeks has more room to negotiate than one listed yesterday.
• Know the deposit rules. In Ontario a landlord can ask for a rent deposit of no more than one month's rent (used for your last month) and a refundable key deposit. Damage deposits and pet deposits aren't allowed.
• Get alerts. Good rentals at fair prices go fast. On Dibz you can save a search and get a notification the moment a matching rental is listed.

Have a pet? See pet-friendly rentals in Toronto. Thinking about a basement unit? Read basement apartments for rent in the GTA. Wondering whether to buy instead? Compare with home prices by city.

FAQ

What is the average rent in Toronto in 2026?

In October 2026, the median rental in the City of Toronto asks $2,550 a month across all types. A one-bedroom condo apartment asks a median $2,395 and a two-bedroom $3,050. Basement apartments in Toronto ask a median $1,800.

How much is a one-bedroom apartment in Toronto?

A one-bedroom condo apartment in Toronto asks a median $2,395 a month (October 18, 2026), based on 2,027 listings. A one-bedroom plus den is a little more. Across the whole GTA, a one-bedroom condo asks $2,250.

What is the cheapest way to rent in the GTA?

A room in a shared home (median about $1,028) or a basement apartment (median $1,800). Among cities, Oshawa, Ajax and Newmarket have the lowest median rents.

What is the rent increase guideline for 2027 in Ontario?

1.9%, for increases that take effect between January 1 and December 31, 2027. It doesn't apply to most units first occupied after November 15, 2018, or to a new tenancy.

Can a landlord ask for a security deposit in Ontario?

Only a rent deposit, no more than one month's rent (or one period's rent), applied to the last month, plus a refundable key deposit. Damage deposits and pet deposits aren't allowed.

Sources

• Government of Ontario: Residential rent increases
• Government of Ontario: Renting in Ontario, your rights
• Residential Tenancies Act, 2006 (sections 105 and 106: deposits)
• Dibz analysis of active MLS® rental listings (TRREB, via PropTx), October 18, 2026: median asking rent of homes for rent in Toronto, York, Peel, Durham and Halton, between $500 and $30,000 a month. Every group shown has at least 20 listings.

Asking rents are not signed leases. MLS® listing data by PropTx under licence from TRREB, deemed reliable but not guaranteed accurate. This article is general information, not legal advice; for your situation, contact the Landlord and Tenant Board or a legal clinic.