June 2025 Toronto Rent Report

At a glance

• Furnished and unfurnished rents drop over 3% this June
  • Rent prices fell in Toronto this June, with furnished one-bedroom units dropping (-4.52%) to an average of $1,970/month. Unfurnished one-bedrooms also saw a notable decline, falling (-3.24%) to $2,078/month. Unfurnished one-bedroom units now rent for an average of $108/month more than furnished units in Toronto.
• Markham, Downtown & North York lead the way in price per square foot
  • This June, Markham ($3.69/sq. ft.) and Downtown ($3.58/sq. ft.) have the most expensive average rent per square foot, followed by North York ($3.19/sq. ft.). Mississauga stands out as the region’s cheapest rental market per square foot with an average price of ($1.88/sq.ft).
• $526/month separates the GTA’s most vs least expensive areas
  • The average rent price for an unfurnished one-bedroom unit in Oshawa currently stands at $1,774/month, while in Oakville the same type of unit rents for an average of $2,300/month, a difference of $526 between the two.

liv.rent’s 2025 Canada Rental Market Trend Report is now live! Explore the latest rental trends across Canada, uncover key factors driving price changes, and gain exclusive insights into how landlords and renters perceive the market nationwide. Download your copy here.

As of June 2025, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $162 to a new monthly average of $2,078 this month.

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.

Toronto rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $70 this June. Looking at a year-over-year comparison, the average monthly rent for an unfurnished one-bedroom unit in Toronto has decreased, dropping by $162 since June 2024.

Planning on raising rent this year? Ontario’s Annual allowable rent increase limit for 2025/2026 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 2025.

Unfurnished Toronto rent trends

Rates for unfurnished one-bedroom units in the GTA varied depending on the neighbourhood. When looking at one-bedroom units, North York saw the largest decrease at (-6.59%), while Vaughan-Richmond Hill saw the largest increase at (+5.11%).

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw two major changes. Vaughan-Richmond Hill saw the largest increase at (+7.17%), while Mississauga saw the largest decrease at (-8.28%).

Toronto furnished vs unfurnished averages

This June, prices for unfurnished one-bedroom units saw a (-3.24%) decrease while furnished units saw a (-4.52%) decrease. The average one-bedroom unfurnished unit rents for $108 more than a one-bedroom furnished unit. This means that at present, landlords won’t see profits renting out their units furnished, although they may still be able to capitalize on the demand for short-term rentals.

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, Markham ($3.69/sq. ft.) and Downtown ($3.58/sq. ft.) have the most expensive average rent per square foot, followed by North York ($3.19/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 2025, the most common rental property type in the Greater Toronto Area was apartments, representing the majority of all listings in the GTA at 93.66%. Houses were the second most common unit type this month, representing 2.37% of active listings.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a more even 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 46.72%, while two-bedroom units represented 40.17% of the region’s active listings. Three-bedroom units make up the remaining 13.11%.

Looking for our full June 2025 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

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

The average rent price for an unfurnished one-bedroom unit in Oshawa currently stands at $1,774, while in Oakville the same type of unit rents for an average of $2,300 – a difference of $526 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.

• Markham and Vaughan-Richmond Hill were the only areas to see prices increase for one-bedroom unfurnished units
• Prices decreased across all types of unfurnished units in Brampton
• Mississauga and North York were the only two areas to see prices increase for two-bedroom unfurnished units this June

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. Oakville is the most expensive for one-bedroom unfurnished units.

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, none of the country’s five most expensive cities are located in the GTA. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Richmond and Burnaby.

Downloadable resources

Our complete June 2025 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.

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

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May 2025 Metro Vancouver Rent Report
May 2025 Toronto Rent Report
May 2025 Calgary & Edmonton Rent Report
May 2025 Montreal Rent Report