Average rent in Toronto (Central), Toronto
The average 1-bedroom rent in Toronto (Central), Toronto is $2,042 a month, and a 2-bedroom averages $2,776 (CMHC Rental Market Survey, October 2025). New leases cost more: the average 1-bedroom asking rent in Toronto is $2,220 (Rentals.ca, September 2026).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| Studio | $1,606 |
| 1-bedroom | $2,042 |
| 2-bedroom | $2,776 |
| 3-bedroom+ | $3,580 |
| All units | $2,163 |
Across all unit sizes, rents here average $2,163, which is 13% above the Toronto metro average of $1,917. If you pay much more than this for a similar unit, you might be overpaying, but newer buildings and recent leases usually cost more than these averages.
Source: CMHC Rental Market Survey, Oct 2025: average rent by bedroom and survey zone (purpose-built, all tenants). These are averages for purpose-built rental apartments and include long-time tenants, so new leases are usually higher.
What new renters are asked (Rentals.ca)
| Unit size | Average asking rent |
|---|---|
| 1-bedroom | $2,220 |
| 2-bedroom | $2,937 |
| 3-bedroom | $3,586 |
Source: Rentals.ca & Urbanation National Rent Report, Oct 2026: average asking rent by city and bedroom, September 2026. City-wide figure for Toronto covering all listing types; the 3-bedroom figure covers purpose-built and condo apartments. If you moved in during 2024 or later, we compare you with these figures.
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