Average Rent Near Transit in Greater Toronto Area (GTA)

  • Highest average rents are found by Union Station in Downtown Toronto – $2,050 for an unfurnished 1 bedroom and $2,650 for an unfurnished 2 bedroom unit.
  • The difference between the highest and lowest rent for an unfurnished 1 bedroom near transit is $900.
  • The difference between the highest and lowest rent for an unfurnished 2 bedroom near transit is $650.

With Downtown Toronto rents consistently the highest in Canada (Toronto June 2020 Rent Report) and considerably higher than those even within the Greater Toronto Area. Many are taking a closer look at properties further away from the downtown core but still close to transit. In addition, the current pandemic has pushed many to question downtown density and to consider making the move to more affordable, spacious suburbs.

Our assessment compared 1 and 2 bedroom unfurnished rentals along the GTA’s GO train transit line, revealing that some of the greatest value for renters is found at the end of long train rides. We chose the GO train as it serves a broader geography than other lines and gives us a better idea of price ranges.

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Greater Toronto Area Rental Rates near Transit

As seen in the graphs below, rental rates near stations of city centres, colleges and affluent suburbs are notably higher when compared to other stations.

All of the lines originate at Union Station in Downtown Toronto, which has the highest rent rates at $2,050 for an unfurnished 1 bedroom and $2,650 for an unfurnished 2 bedroom unit. Generally speaking, the rents drop significantly as you head west, east and north out of Toronto’s downtown core.

University of Toronto, Canada’s largest university, has a downtown campus as well as campuses in Scarborough to the east and Mississauga to the west, ensuring strong demand for rental housing across the region.

One Bedroom, Unfurnished GTA Rentals near Transit Stops

One bedroom rental rates near transit

The most expensive stations for unfurnished, 1 bedroom listings, not surprisingly, are in Downtown Toronto.

  • Average difference between the most expensive stations (Union Station – $2,050) and the least expensive (Niagara Falls- $1,150) is $900.
  • Rentals near the Downtown Toronto stations – Union, Exhibition, Oriole, Kipling, Bloor and Danforth – have an average 1 bedroom rent price ranging from $1,800 – $2,050.
  • Prices drop the most abruptly when heading west on the Kitchener-bound line. Properties in Weston are fetching, on average, $1,450, but rates recover somewhat to $1,650 in Brampton – a 48 minute train ride from downtown.
  • The lowest rents are outside the GTA in Niagara Falls ($1,150) and St. Catharines ($1,200) but the commute time is considerable – about 2 hours to downtown. Commute times may outweigh the cost savings for those who commute on a regular basis.

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Two Bedroom, Unfurnished GTA Rentals near Transit Stops

Two bedroom rental rates near transit

The most expensive stations for unfurnished, 2 bedroom listings to live nearby are in Downtown Toronto as well.

  • The gap between the most expensive and least expensive stops is even wider at $1,150 (comparing Downtown Toronto $2,650 and St. Catharines’ $1,500)
  • On average, 2 bedroom, unfurnished rentals fall around the $2,000/month mark – give or take $100-200.

For additional details on Toronto Rental Rates, see our latest Toronto Rent Report, June 2020.

Rentals near Milton Line Transit Stops

Heading west along the Milton Line, renters see some relief the further away the line extends.

  • At the Meadowvale stop, approximately 50 minutes from Union Station, average 1 bedroom rental costs $1,790 and a 2 bedroom, $2,100.

Rentals near Kitchener Line Transit Stops

Heading West out of Toronto, the Kitchener Line terminates in Kitchener, an almost 2 hour train ride away but an affordable option.

  • The first significant break in rent is apparent in Weston where 1 bedroom rents average $1,450 and 2 bedroom rents average $2,000.
  • At the end of the line in Kitchener, the average 1 bedroom rent is $1,450 and 2 bedroom rentals are $1,650.
  • Kitchener’s sister city is Waterloo which is home to Wilfred Laurier University, University of Waterloo and numerous tech companies ensuring strong rental demand.

Rentals near Lakeshore West Line Transit Stops

The Lakeshore West Line heads southwest out of Toronto along Lake Ontario terminating in Niagara Falls – a full 2 hours away by train.

  • Port Credit and Oakville are beautiful suburbs situated along the lake with average 1 bedroom rents of $1,770 and $1,800 respectively and 2 bedroom rents around the $1900 mark. They are a 25-35 minute train ride away from Union Station.
  • West Harbour and Hamilton stops are about 70 minutes from downtown. Hamilton is home to McMaster University and significant industry. One bedroom rents around here are $1,500 while 2 bedrooms are $1,700.

Rentals near Barrie Line Transit Stops

Heading North towards Barrie, this GO train line includes the York University stop which has an average 1 bedroom rent of $1,570 and 2 bedroom rent of $1,900. This area is a 24-minute train ride from Downtown.

  • The neighbouring Downsview Park area is another affordable option, one stop closer, at just 20 minutes from downtown. An average 1 bedroom near this stop is $1,825 while a 2 bedroom is only slightly more at $2,000.
  • Rentals near Maple are second highest on this line after downtown at $2,000 for a 1 bedroom and $2,200 for a 2 bedroom. The commute time is 35 minutes to Union Station.
  • Rentals at the end of this line by the Allandale Waterfront stop are $1,550 for a 1 bedroom and $1,850 for a 2 bedroom. Your commute time will be 105 minutes from Allandale to Union.

Rentals near Richmond Hill Line Transit Stops

The Richmond Line services Toronto’s nearby northern suburbs.

  • The line terminates in Richmond Hill where rents are the lowest on this line – 1 bedrooms average $1,750 and 2 bedrooms average $2,200.
  • Richmond Hill is adjacent to Markham which is home to many large corporate head offices like IBM, Oracle, Johnson & Johnson etc. ensuring a reliable tenant pool.

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Rentals near Lakeshore East Line Transit Stops

Heading out of Toronto, eastward along the edge of Lake Ontario, this line services the suburbs of Scarborough, Pickering and Ajax and terminates in Oshawa, 50 minutes away from Union station.

  • The Danforth is a desirable Toronto neighbourhood just east of the city centre. Rents here are still relatively high at $1,800 for a 1 bedroom and $2,300 for a 2 bedroom.
  • Scarborough offers a variety of accommodation ranging from compact high-rise apartment units to luxurious waterfront homes. The average 1 bedroom rent here is $1,650 and 2 bedroom rent is $2,000.
  • University of Toronto has a campus in Scarborough so student accommodation is vital to the area.

Rentals near Stouffville Line Transit Stops

The Stouffville line heads north out of Toronto also stopping in The Danforth and Scarborough but ending in Stouffville.

  • Rents are affordable near the Kennedy stop which is only 24 minutes from downtown Toronto. One bedrooms are $1,700 and 2 bedrooms are $1,850.
  • Unionville, by comparison, is a pricier suburb on this line with 1 bedroom rents at $1,850 and 2 Bedroom rents at $2,200.

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