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
Shawn Goldberg | Dreamstime
Staff Writer

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%.

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  • Cormac O'Brien
    Cormac O'Brien was an Associate Editor at Narcity Canada, covering all things exciting and trending about Canada. He has a Bachelor of Fine Arts in Creative Writing and Journalism from the University of Victoria, where he served as the Editor-in-Chief of the campus newspaper and was awarded the BCYNA Community News Scholarship for his writing. He was also the producer and co-host of Now On Narcity, Narcity's flagship podcast.

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