GottaRent Blog

Average Rent in Toronto & the GTA (2026)

Jun 1, 2026

Toronto skyline and apartment buildings across the GTA

Compare the average rent in Toronto and across the GTA in 2026 — 1- and 2-bedroom prices for North York, Etobicoke, Mississauga, Brampton and Oakville.

Average Rent in Toronto and the GTA: 2026 Snapshot

If you are budgeting for a move, understanding the average rent in Toronto and the wider Greater Toronto Area (GTA) is the first step. Toronto sits among the priciest rental markets in Canada, and the broader cost of living in Toronto shapes what renters pay each month. To keep this guide accurate, the figures below are realistic early-2026 approximations drawn from official sources — primarily the monthly rentals.ca National Rent Report for asking rents, with the CMHC Rental Market Report for occupied-rent context — and should be confirmed against the latest reports before you rely on them. As a benchmark, the average asking rent in Toronto across all unit types is roughly $2,700 per month in early 2026.

GTA Average Rent Comparison: 1-Bedroom vs 2-Bedroom

The table below compares typical asking rents across five GTA cities. Note that the average rent in Toronto for a 2 bedroom runs well above a one-bedroom.

City	Avg. 1-Bedroom	Avg. 2-Bedroom
Toronto	$2,450	$3,200
North York	$2,250	$2,900
Etobicoke	$2,300	$2,950
Mississauga	$2,200	$2,750
Brampton	$1,950	$2,400
Oakville	$2,350	$2,950

Approximate average asking rents, early 2026 (CAD), based on the rentals.ca National Rent Report (asking rents); see the CMHC Rental Market Report for occupied-rent trends. Indicative figures — confirm against the latest reports. Actual rents vary by building, size and condition.

Average Rent by City Across the GTA

Rents vary widely by city, so it pays to compare. Here is where each market sits, with live listings for each: North York (around $2,250 for a one-bedroom) blends midtown access with high-rise supply — browse apartments for rent in North York. Etobicoke (about $2,300) offers west-end value near the lake — see apartments for rent in Etobicoke. Mississauga (about $2,200) is the GTA's second-largest rental hub — explore apartments in Mississauga. Brampton (around $1,950, the most affordable here) suits families and value-seekers — view apartments for rent in Brampton. Oakville (about $2,350) sits at the premium end of the western GTA — check Oakville apartments for rent.

Toronto Rent Prices: Trends to Watch

Beyond the averages, the direction of Toronto rent prices matters when you time a move. After peaking in 2023, Toronto rent prices have been decreasing or holding flat in many unit types, so they are best read month over month rather than as a single number. One-bedroom units have generally held their value better than larger suites. We track these shifts through the rentals.ca National Rent Report and broader cost-of-living measures such as a cost of living index for Toronto — check the latest before signing a lease.

FAQ: Average Rent in Toronto and the GTA

What is the average rent in Toronto in 2026?

Toronto remains one of Canada's most expensive rental markets. Across all unit types the average asking rent sits around $2,700 per month in early 2026 — confirm the current figure against the rentals.ca National Rent Report and the CMHC Rental Market Report.

How much is the average rent in Toronto for a 2 bedroom?

A two-bedroom in Toronto averages roughly $3,200 per month in early 2026, a clear premium over a one-bedroom (about $2,450). See the rentals.ca National Rent Report for the latest.

Are Toronto rent prices going up or down?

Toronto rent prices have eased from their 2023 peak and have recently been broadly flat to modestly lower year over year, with one-bedrooms holding firmer than larger units. We track this through the rentals.ca National Rent Report.

Which GTA city has the lowest average rent?

Among the five GTA cities here, Brampton is typically the most affordable (around $1,950 for a one-bedroom), while Toronto sits at the top. Compare the full table above, based on asking rents from the rentals.ca National Rent Report.

Find Your Next GTA Rental

Ready to put these numbers to work? Compare prices and bedrooms across the GTA on GottaRent, then shortlist the listings that fit your budget and book viewings.

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