Toronto rent report for september 2021

September 2021 Toronto Rent Report

  • Unfurnished one-bedroom rent in Brampton went up 10.10% from August to September.
  • On average, rent in Downtown Toronto is $3.12 per square foot.
  • Average rent for furnished vs unfurnished units in Toronto is just a difference of $38.

September rental rates are slightly swinging upwards this month. After a lazy summer of not much change, a small upward trend is now emerging. However, if we wind back the clock, we’ll see that rental rates are pretty much where they were the same time last year for Toronto.

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Let’s take a look now at the latest data and see which neighbourhoods are experiencing the most change in furnished and unfurnished rental rates.

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Complete September 2021 Toronto Rent Report: Download Here

The roller coaster that is Toronto’s rental averages is now on a bit of a peak as it’s returned to the $1,700 mark for a one-bedroom unfurnished apartment. We saw this same price back in May.

After prices slumped in late spring and summer, they could be making a comeback as demand in Toronto has been high.

Rental trend in Toronto from March to August has officially landed in Toronto

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Month-to-month rent change

This chart breaks down the percentage change in rent across all central Toronto neighbourhoods from August 2021 to September 2021.

Percentage change month over month since last month.

Unfurnished Toronto rent trends

Unfurnished rent hardly moved month over month, but in more affordable neighbourhoods like Brampton (+10.10%) and Vaughan-Richmond Hill (4.51%,) it did go up.

Furnished Toronto rent trends

Furnished rent climbed in most neighbourhoods, most noticeably in North York (+15.80) and Brampton (+9.83%.) There were some neighbourhoods like Etobicoke and Markham where it had a slight dip but is more or less holding since last month.

Toronto furnished vs unfurnished averages

Continuing to monitor the close price difference in Toronto rent trends, right now in some neighbourhoods, furnished rentals continue to be cheaper than unfurnished ones on average. The price difference between the average for one-bedroom units is just $38.

Rental market average in Toronto shows that furnished average rent is just a bit more expensive than unfurnished.

Neighbourhood breakdown

Brampton continues to be the most affordable GTA neighbourhood while the most expensive is Downtown.

In Brampton, an unfurnished one-bedroom goes for $1,486 on average, but in Downtown Toronto, the same kind of unit will go for $1,871 — a difference of $385.

the most expensive neighbourhood in Toronto is Downtown and the lowest rent is in Brampton.

Because Canada’s cities are diverse, we’re breaking down the GTA into its different neighbourhoods to see the price difference listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

  • Unfurnished units in Etobicoke are more expensive than furnished ones.
  • The price difference between one and two bedrooms is the smallest in Scarborough for unfurnished units.
  • North York is the most expensive neighbourhood for furnished three-bedroom units.
Average rent by listing type in Toronto for unfurnished units.
Average rent by listing type in Toronto for Furnished units.

Downloadable resources

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Complete September 2021 Toronto Rent Report: Download Here

Renting in Ontario

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Subscribe to receive these monthly updates on the Toronto rental market. Discover last month’s Rent Reports below:

August 2021 Vancouver Rent Report
August 2021 Toronto Rent Report
August 2021 Montreal Rent Report writer sarah anderson

Sarah Anderson, B.A.

Creative Content Writer at

Sarah Anderson is a Creative Content Writer at who shares the latest updates and news with the safe and trusted community of landlords and tenants at [Read Full Bio]

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