April 2022 Greater Toronto Area rent report via liv rent

April 2022 Toronto Rent Report

  • The average rental price for one-bedroom unfurnished units in the Greater Toronto Area has risen slightly, to $1,776 for April 2022.
  • Unfurnished, one-bedroom units in Downtown Toronto now rent for over $2,000 per month on average.
  • Across the Greater Toronto Area, furnished units are now $120 cheaper than unfurnished units, on average.

Average rental prices seem to have mostly stabilized across the Greater Toronto Area this April, up just $4 since last month. In all but a few GTA cities and municipalities, prices hardly budged in terms of unfurnished, one-bedroom units.

You can get the latest updates on the Toronto rental market straight to your inbox when you subscribe to keep on top of the trends.

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

Jump to the following Toronto Rent Report sections:


Download The Latest Toronto Rent Report

For the complete Toronto rent report, download here.

After a rollercoaster winter for the Greater Toronto Area’s rental prices, averages have been comparatively stagnant since February. For April, the region’s rental average for unfurnished, one-bedroom units has settled in at $1,776 – a very slight $4 increase from March. Although rent prices may be considerably higher than they were this time last year, it’s a relief to see some stability in the area’s rental market.

rental trends for unfurnished one-bedroom units in the Greater Toronto Area via the April 2022 liv rent report

Is your rental priced competitively?

Find out with a free rent estimate. Our team of rental experts will calculate your unit’s true value based on your listing details & current market trends.



Month-to-month rent change

This chart breaks down the percentage change in rent across all GTA cities/municipalities from March to April 2022.

percentage change in rental prices for different cities and municipalities in the Greater Toronto Area, via the April 2022 liv rent report

Unfurnished Toronto rent trends

Unfurnished units were mostly stable in terms of month-to-month price change, continuing the relative stagnation that began in February. In Vaughan and Richmond Hill, prices barely budged, up just 0.24% from last month. North York (-0.47%), Scarborough (+0.60%), and Markham (+1.64%) also saw very minor changes, while Mississauga (+6.42%) and Etobicoke (-5.33%) had the most significant changes. In Downtown Toronto, the price of unfurnished, one-bedroom units increased 2.06% this month.


Furnished Toronto rent trends

Furnished units had a few more large-scale changes, most notably in Downtown Toronto itself where average prices increased by 9.49%. Markham saw the price of furnished, one-bedroom units decrease by a huge -24.08%, while Etobicoke (-12.09%) and North York (-6.28%) also had significant price drops this month.


Toronto furnished vs unfurnished averages

We’re continuing to closely monitor the price difference in GTA rental trends, looking at the price difference between furnished and unfurnished units. Furnished units were considerably cheaper than unfurnished ones this month, with the latter now $120 cheaper on average for the month of April.

average rent for furnished vs unfurnished units in the Greater Toronto Area for the April 2022 liv rent report

City breakdown

Brampton retains its status as the cheapest GTA municipality, and Downtown Toronto likewise continues its tenure as the most expensive.

Average rent prices may have risen in the municipality this month, but an unfurnished one-bedroom unit in Brampton can still be had for an average of just $1,623. In Downtown, the same type of unit goes for $2,044, a difference of $421.

city breakdown - highest and lowest rent by city in the Greater Toronto Area for the April 2022 liv rent report

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

  • Everywhere but in Downtown Toronto, furnished one-bedroom units cost less to rent on average than unfurnished ones this month.
  • In terms of furnished units, Downtown Toronto has the most expensive one-bedroom units but the cheapest three-bedroom units this month.
  • Brampton had the cheapest unfurnished units across the board this month, for one, two, and three-bedroom units.
average rent for unfurnished one, two and three bedroom units in the Greater Toronto Area - broken down by city/municipality for the April 2022 liv rent report
average rent for furnished one, two and three bedroom units in the Greater Toronto Area - broken down by city/municipality for the April 2022 liv rent report

Rental averages outside of the GTA

We’ve explored data from neighbourhoods, cities, and municipalities outside of the Greater Toronto Region. For these cities, Milton had the least expensive rent for an unfurnished one-bedroom unit, at $1,583, while Oakville had the most expensive at $1,980.

average rent by municipality or city outside of the Greater Toronto Area via the April 2022 liv rent report

Our complete April 2022 Rent Report has information on even more key areas, broken down into region and unit type for a more complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.


Is your rental priced competitively?

Find out with a free rent estimate. Our team of rental experts will calculate your unit’s true value based on your listing details & current market trends.



Downloadable resources

Make a splash at your next video meeting and rep the latest rental averages and trends with our custom virtual backgrounds — always free to download. 

Get your free virtual backgrounds

Were you looking for the full report? Download it for free here.


Download The Latest Toronto Rent Report

For the complete Toronto rent report, download here.


Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:



Find apartments & houses for rent with the liv.rent app

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

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

March 2022 Toronto Rent Report
March 2022 Vancouver Rent Report
March 2022 Montreal Rent Report

Greg Park, B.A.

Creative Content Writer at liv.rent

Greg Park is a Creative Content Writer here at liv.rent who shares insights and news with our community of landlords and tenants. [Read Full Bio]

You May Also Like

liv.rent's May 2022 rent report for Montreal - statistics, trends, data & more

May 2022 Montreal Rent Report

liv.rent's May 2022 rent report for the Greater Toronto Area - statistics, data and more

May 2022 Toronto Rent Report

May 2022 rent report for Metro Vancouver from liv.rent

May 2022 Metro Vancouver Rent Report

liv.rent's April 2022 rent report for Montreal and surrounding areas

April 2022 Montreal Rent Report

Leave a Reply

Your email address will not be published. Required fields are marked *