How much is rent in Toronto?

The average two-bedroom apartment in Toronto rents for about $2,045 a month ($1,761 for a one-bedroom), per CMHC. Whether that's affordable depends on your income — the common guideline is to keep rent under 30% of gross income.

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Cost of living

Cost of living in Toronto

Average rent and household spending in Toronto — and a quick check of whether your rent is reasonable for your income.

Average rent in Toronto

CMHC, apartment structures of three units and over.

Bachelor	$1,491/mo
1 bedroom	$1,761/mo
2 bedroom	$2,045/mo
3 bedroom	$2,294/mo

Is your rent reasonable?

Check your rent in Toronto

Unit size

Your monthly rent

Your gross monthly income

Optional — to check the 30% affordability guideline.

That's about average for Toronto ($2,045).

Household spending in Ontario

Average household, per year (Survey of Household Spending).

Living costs

$81,975

Shelter

$29,312

Total

$117,721

Educational information only — not financial advice. Rents are CMHC averages; actual options vary by neighbourhood and building.

What's next

Rent vs buyWhen buying beats renting.What home can you afford?The max price your income supports.Salary to buy a homeThe income a lender would require.