With housing prices out of reach for many Torontonians and the surrounding Greater Toronto Area (GTA), RentSeeker.ca, one of Canada’s largest and most visited online apartment finders, published new data showing the average rent costs for apartments for rent in Toronto and the surrounding Greater Toronto Area (GTA).
As expected, Toronto ranked the most expensive city throughout the Greater Toronto Area with rents for Studio / Bachelor apartments in Toronto averaging $928 (per month).
1 Bedroom Apartments in Toronto averaged $1,201 (per month).
2 Bedroom Apartments in Toronto averaged $1,596 (per month).
And 3 Bedroom Apartments in Toronto averaged a whopping $2,321 (per month).
For those willing to commute (and looking to save on housing costs), cities like Oshawa which is located about an hour or so away from Toronto, has apartment rentals available for quite a bit less monthly rent, making commuting a serious consideration for many.
Studio / Bachelor apartments in Oshawa averaged $680 (per month) – compared to Toronto’s $928.
1 Bedroom Apartments in Oshawa averaged $858 (per month).
2 Bedroom Apartments in Oshawa averaged $1,002 (per month).
And 3 Bedroom Apartments in Oshawa averaged $1,212 (per month) – compared to Toronto’s 3 Bedroom Apartments at $2,321.
Other cities listed on the new RentSeeker.ca report of average rents for apartment – include:
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