June 2026 Ontario Rent Report

At a glance

• Vaughan-Richmond Hill becomes one of Ontario’s most affordable rental markets
  • Vaughan-Richmond Hill recorded the largest year-over-year decline among major Ontario markets, with average one-bedroom unfurnished rents falling 15.21% from $2,176 to $1,845. The sharp correction has transformed the area into one of the most affordable markets tracked in June 2026.
    
• Downtown Toronto outperforms surrounding GTA markets
  • While many GTA municipalities experienced significant annual declines, Downtown Toronto recorded the smallest year-over-year decrease among major Ontario markets at just 1.69% (-$36). In comparison, nearby markets such as Vaughan-Richmond Hill (-15.21%), Markham (-13.69%), and North York (-7.98%) saw much steeper corrections. The contrast suggests rental demand in Toronto’s urban core has remained relatively resilient despite broader market softening.
    
• One-bedroom rentals experience the sharpest annual correction
  • Ontario rental prices declined across all major unit types year-over-year, but one-bedroom units saw the largest drop. Average one-bedroom unfurnished rents fell 8.14%, compared to 4.14% for two-bedroom units ($2,585 → $2,478) and 1.66% for three-bedroom units ($3,184 → $3,131). The trend suggests larger rental homes have remained more resilient than smaller units over the past year.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of June 10, 2026, the Bank of Canada maintains the interest rate at 2.25%, holding steady for the fourth consecutive announcement. Experts predict this rate will be maintained through most of 2026.

As of June 2026, the City of Toronto’s average monthly rent for an unfurnished one-bedroom dropped YoY by $108, reaching a new average of $1,970/month.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto increased by $28 this June to $1,970/month. On the other hand, the average rent for a furnished one-bedroom decreased by $69 since last month, bringing the rate to $1,929/month.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2026 is 2.5%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all GTA cities/municipalities between May and June 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Vaughan-Richmond Hill (-6.07%) and Etobicoke (-5.06%) saw the largest decreases, while Brampton (5.22%) and Downtown (4.76%) saw notable increases.

Furnished Toronto rent trends

This month, average rent prices for furnished one-bedroom units across the GTA saw mixed movement, with Etobicoke recording the steepest drop at -7.64%. Markham saw the highest increase, rising by 8.07%.

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw an increase (1.46%) to $1,970/month while furnished units decreased (-3.48%) to $1,929/month. The average furnished one-bedroom unit rents for $41 less than a one-bedroom unfurnished unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in cities throughout the Greater Toronto Area. This June, Downtown ($2.83/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Brampton had the lowest rent per square foot ($1.33/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of June 2026, the most common rental property type was apartments, dominating the majority of all listings in the GTA at 93.81%. Partial houses were the second most common unit type this month, representing a distant 2.96% of active listings, followed by townhouses at 1.72% and houses at 1.50%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this June. One-bedroom units were the most common type of listing in the GTA this month at 50.55%, while two-bedroom units represented 40.81% of the region’s active listings. Three-bedroom units made up the remaining 8.64%.

City breakdown

This June, Oshawa is the cheapest municipality to rent in out of the areas we look at for our Rent Reports, while Burlington is the region’s most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Burlington currently stands at $2,107/month, while in Oshawa the same type of unit rents for an average of $1,655/month – a difference of $452 between the two.

With Ontario’s different communities being 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.

• All prices for unfurnished one-bedrooms decreased except in Brampton, Downtown, and Scarborough.
• North York was the only area where furnished one-bedroom rents remained unchanged month-to-month.
• Brampton and Downtown were the only cities that saw an increase in price for all types of unfurnished units.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in June for one-bedroom unfurnished units at $1,497/month. Burlington is the most expensive for unfurnished one-bedroom units at $2,107/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This June, the top 4 of the country’s most expensive cities are located in Metro Vancouver as West Vancouver claims the top spot as the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, and Richmond with Burlington, Ontario rounding out the top 5.

Downloadable resources

Our complete June 2026 Rent Report has information on even more key areas, broken down into region and unit type for a 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.

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Renting in Ontario

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

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

Our monthly rent reports use data from our own liv.rent listings, as well as data our team manually collects from other popular listing sites – looking at available basement suites, apartments, condos, townhouses, semi-detached houses, and single-detached houses for each area.

When collecting this data, we do exclude luxury properties listed at over $5,000, as well as rooms for rent and shared accommodation. Investing in manual data collection means that we only consider the current month’s listing, since we can filter out duplicate listings and older ads that haven’t been removed.

Another key difference between our data collection methods and some government agencies like the CMHC is that we only include current asking rent prices. Many official reports will include data for entire buildings in their reports, which tends to skew numbers lower since many units are already occupied, and may be rent-controlled or rented for significantly lower than the current rates.

As we are a Canadian rental platform founded and based in Vancouver, we want to ensure that we’re providing a completely accurate depiction of the rental market in the cities we look at.

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Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report