Here’s Every Neighbourhood In Toronto Ranked By How Cheap It Is To Rent There In 2021

Bad news for Rosedale residents. 🏙️

Toronto's Rent Prices Broken Down By Neighbourhood Show The Cheapest Places

A new report has broken down Toronto rent prices in 2021 by neighbourhood after analyzing rent data from January to April 2021.

Toronto Rentals recently published their GTA May Rent Report and it offers insight into which Toronto neighbourhoods are the cheapest and which are the most expensive for renting.

Toronto Rentals

Renting an apartment or condo in Rosedale-Moore Park will cost you the most, according to the report, at approximately $2,308 a month. Next is Palmerston-Little Italy at $2,235 and Dufferin Grove at $2,203.

On the other end of the spectrum, the cheapest average rentals are in South Parkdale at $1,669 a month, followed closely by North St. James Town at $1,691 and East End-Danforth at $1,705.

Every single neighbourhood had one thing in common, though — they're costing less year over year. The most drastic changes were in Yonge-St. Clair, where rent dropped 39%, and Palmerston-Little Italy and Forest Hill North at 31%.

More from Narcity

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.