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toronto apartments

It's no secret that Toronto's rent can be very costly and it's one of the most expensive cities for rent in Canada.

There are a lot of big Canadian cities with rent that's nearly half of what it costs in Toronto, including a few that are more than $1,000 cheaper!

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The views expressed in this Opinion article are the author’s own and do not necessarily reflect the views of Narcity Media.

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If you're in the process of renting a Toronto apartment with a roommate, the market in the Greater Toronto Area (GTA) just got pricier.

Rents for roommate accommodations picked up steam across Canada for the second straight month in July. Rentals.ca and Urbanation reported on August 10 that average asking rents for shared accommodations across the provinces of Ontario, B.C., Quebec, and Alberta jointly grew by 16.1% over the past year to $971 per month.

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The opinions expressed in this article are the author's own and do not necessarily reflect the views of Narcity Media.

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Looking to rent a one-bedroom unit in the GTA for under $2,000 while keeping the big city accessible? Well, you might want to invest in a good audiobook to keep you company during the commute. With Toronto's housing and rental market acting like a steamy romance novel – high on drama and light on affordability – the search for affordable digs takes us further afield.

According to the August 2023 report by Liv.Rent, Oshawa holds the budget-friendly title with an average price of $1,705 for an unfurnished one-bedroom unit. Meanwhile, Downtown Toronto rent remains the diva of expensive living, demanding $2,530 on average – a difference of $825 a month.

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