
Top Rated New Apartments for Rent in Toronto, ON (139 Rentals)
Apartments in Toronto with the best features, newest construction, and richest amenities.


The Ivy

West House

Story of Midtown

FourFifty The Well

Waverley

The Corner On Broadway
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Toronto House

The 203 Residences

The Residences at The Well

TWO St Thomas

Trilogy On King

eCentral
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Eighty One Wellesley
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Riverside Square Phase 1 and Phase 2
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Artist's Alley - Building 3
Toronto, ON Local Guide
How much does it cost to rent an apartment in Toronto?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Toronto Studio Apartments | C$2,039 | C$800 | C$5,790 |
Toronto 1 Bedroom Apartments | C$2,438 | C$450 | C$6,430 |
Toronto 2 Bedroom Apartments | C$3,158 | C$1,700 | C$10,000 |
Toronto 3 Bedroom Apartments | C$4,167 | C$2,400 | C$10,000 |
Toronto 4 Bedroom Apartments | C$5,039 | C$1,245 | C$10,000 |
Toronto 5 Bedroom Apartments | C$4,890 | C$4,890 | C$4,890 |
Explore Toronto
Toronto, ON Local Guide
- Toronto Neighborhoods
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Toronto, ON Area Reviews
Dee • 4+ years in Toronto
February 25, 202530 years here ... its not impressive working people cant afford rent
Frequently Asked Questions about New Toronto Apartments
What is the Cheapest New apartment in Toronto?
Currently the most affordable New Apartment in Toronto is at Tippett Park listed at C$1,708.
How much is the average rent for a New Toronto Apartment?
The average rent for a New Apartment in Toronto is C$3,183.
What is the largest New Toronto Apartment for rent?
Today's New apartment with the most square footage in Toronto is a 1,722 square feet unit starting from C$2,550 at Novus.
What is the average size for Toronto New Apartments for rent?
The average size for a New rental in Toronto is currently at 519 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.