• Ontario rents continue to decline across major markets compared to last year
  • Rents across Ontario have declined compared to last year, with one-bedroom unfurnished units averaging $1,970, down 8.8%. The largest drops were recorded in markets such as Brampton (-10.8%) and Downtown Toronto (-10.2%).
    
• Core and suburban markets show diverging rental trends in 2026
  • While Downtown Toronto recorded consistent declines across all unit types, with one-bedroom rents down -4.72% since January and -5.94% month over month, outer markets such as Etobicoke saw strong growth. One-bedroom rents in Etobicoke increased +6.98% since January and +7.51% month over month, highlighting shifting demand toward suburban areas.
    
• Larger rental units are experiencing the most volatility across Ontario
  • Three-bedroom rents have shown the widest fluctuations, with Etobicoke rising +16.91% since the start of the year while other markets, such as Ottawa, declined -3.40% month over month. This uneven movement suggests demand for larger units remains inconsistent across regions.
    

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 April 29th, 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 May 2026, the City of Toronto’s average monthly rent for an unfurnished one-bedroom dropped YoY by $206, reaching a new average of $1,942/month.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $8 this May to $1,942/month. The average rent for a furnished one-bedroom increased by $15 since last month, bringing the rate to $1,998/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 April and May 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Downtown (-5.97%) and Markham (-2.84%) saw the largest decreases, while Etobicoke (7.50%), North York (3.83%), and Ottawa (1.59%) saw notable increases.

Furnished Toronto rent trends

This month, average rent prices for furnished one-bedroom units across the GTA saw notable declines, with Scarborough recording the steepest drop at -7.50%. Mississauga was the only city to see an increase, rising by +9.35%.

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw a decrease (-0.43%) to $1,942/month while furnished units increased (0.75%) to $1,998/month. The average furnished one-bedroom unit rents for $56 more 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 May, Downtown ($2.86/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Brampton had the lowest rent per square foot ($1.36/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 May 2026, the most common rental property type was apartments, dominating the majority of all listings in the GTA at 88.35%. Partial houses were the second most common unit type this month, representing 5.16% of active listings, followed by houses at 3.91% and townhouses at 2.58%.

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 May. One-bedroom units were the most common type of listing in the GTA this month at 49.80%, while two-bedroom units represented 41.25% of the region’s active listings. Three-bedroom units made up the remaining 8.94%.

City breakdown

This May, 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 Etobicoke currently stands at $2,176/month, while in Oshawa the same type of unit rents for an average of $1,587/month – a difference of $589 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 increased except in Markham and Downtown.
• All furnished one-bedroom units decreased except in Mississauga.
• Etobicoke, North York, and Vaughan-Richmond Hill 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, Oshawa is the least expensive to rent in May for one-bedroom unfurnished units at $1,587/month. Etobicoke is the most expensive for unfurnished one-bedroom units at $2,176/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 May, all of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Burnaby and Richmond.

Downloadable resources

Our complete May 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.

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

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

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

The post May 2026 Ontario Rent Report appeared first on liv.rent blog.

• Three-bedroom furnished rents increase nearly 18% since January, the highest among all unit types and the only category to rise year-over-year
  • Average three-bedroom furnished rents rose from $2,877/month in January to $3,384/month in April (+17.6%), marking the strongest growth since the start of 2026. Compared to April 2025, this segment also increased (+4.7%), while all other unit types declined, highlighting a clear divergence in larger furnished units.
    
• Markham sees the largest overall rent decline across Ontario markets year-over-year
  • Across unfurnished unit types, Markham recorded the largest average decrease (−9.3%), with one-bedroom rents falling from $2,295/month to $2,007/month (−12.5%), two-bedroom rents declining from $2,831/month to $2,600/month (−8.2%), and three-bedroom units decreasing from $3,294/month to $3,053/month (−7.3%), indicating broad-based softening compared to April 2025.
    
• Oshawa and Brampton remain the most affordable neighbourhoods despite overall rent declines
  • Oshawa and Brampton ranked among the lowest-priced markets in both April 2025 and April 2026, with Oshawa decreasing from $1,777/month to $1,603/month and Brampton from $1,918/month to $1,779/month, indicating consistent affordability despite broader market declines.
    

On December 10th 2025, the Bank of Canada announced that the interest rate would stay at 2.25%, closing out last year on a low trend. Experts predict the rate to hover around the same amount for 2026.

As of April 2026, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $176 to a new monthly average of $1,950/month 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.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $22 this April to $1,950/month. The average rent for a furnished one-bedroom increased by $26 since last month, bringing the rate to $1,983/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.

liv.rent’s 2026 Canada Rental Market Trends Report is now live.

Month-to-month rent change

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

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Markham (-5.66%), North York (-3.01%), and Mississauga (-1.85%) saw the largest decreases. Meanwhile, Downtown (2.74%) and Brampton (0.71%) saw minor increases.

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. Downtown (-0.94%) and Markham (-0.57%), saw some minor decreases, while Scarborough (9.47%), North York (4.73%) Vaughan-Richmond Hill saw increases (3.61%).

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw a decrease (-1.10%) to $1,950/month while furnished units increased (1.34%) to $1,983/month. The average furnished one-bedroom unit rents for $33 more 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 April, Etobicoke ($3.52/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Ottawa has the lowest rent per square foot ($1.79/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 April 2026, the most common rental property type was apartments, dominating the majority of all listings in the GTA at 95.79%. Partial houses were the second most common unit type this month, representing 1.81% of active listings, followed by houses at 1.60% and townhouses at 0.80%.

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 April. One-bedroom units were the most common type of listing in the GTA this month at 47.85%, while two-bedroom units represented 40.37% of the region’s active listings. Three-bedroom units made up the remaining 11.78%.

Looking for our full April 2026 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

This April, 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 Oakville currently stands at $2,137/month, while in Oshawa the same type of unit rents for an average of $1,603/month – a difference of $514 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 and Downtown.
• All furnished one-bedroom units increased except in Downtown and Markham.
• All types of furnished units decreased in price in Downtown.

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 April for one-bedroom unfurnished units at $1,529/month. Oakville is the most expensive for unfurnished one-bedroom units at $2,137/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 April, all of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, Burnaby and Richmond.

Downloadable resources

Our complete April 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.

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

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

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

The post April 2026 Ontario Rent Report appeared first on liv.rent blog.

• Larger units across the GTA recorded the steepest rent declines
  • Larger family-sized units saw the biggest rent drops across the GTA. On average, unfurnished two- and three-bedroom rents fell about 8% year over year, compared to about 7% for one-bedroom units. The largest drop was in Vaughan/Richmond Hill, where three-bedroom rents declined from $3,540/month in March 2025 to $2,933/month in March 2026/month (-17.2%).
    
• Scarborough recorded the largest decline in one-bedroom rents
  • Scarborough had the largest decline in one-bedroom unfurnished rents among Ontario neighbourhoods, falling from $2,129/month in March 2025 to $1,934/month in March 2026 (-9.2%). Other notable drops were seen in Etobicoke (-9.0%) and Oshawa (-8.8%), showing softer entry-level rents in parts of the region.
    
• Milton led early-year rent growth among Ontario markets
  • Milton recorded the biggest increase early this year, with one-bedroom unfurnished rents rising from $1,874/month in January 2026 to $2,012/month in March 2026 (+7.4%). Smaller increases were seen in Markham (+1.4%) and Scarborough (+1.3%), while several other markets saw slight declines.
    

On December 10th 2025, the Bank of Canada announced that the interest rate would stay at 2.25%, closing out last year on a low trend. Experts predict the rate to hover around the same amount for 2026.

As of March 2026, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $161 to a new monthly average of $1,972/month 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.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $19 this March to $1,972/month. The average rent for a furnished one-bedroom decreased by $36 since last month, bringing the rate to $1,957/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.

liv.rent’s 2026 Canada Rental Market Trends Report is now live.

Month-to-month rent change

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

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Brampton (-5.41%), Etobicoke (-3.96%) and Markham (-2.16%) saw the largest decreases. Meanwhile, Scarborough (1.42%) saw a minor increase.

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. Markham (-8.68%), Mississauga (-6.04%), and North York (-5.03%) saw notable decreases, while Vaughan-Richmond Hill saw a minor increase (1.30%).

Toronto furnished vs unfurnished averages

This month, prices for unfurnished one-bedroom units saw a decrease (-0.97%) to $1,972/month while furnished units decreased (-1.83%) to $1,957/month. The average furnished one-bedroom unit rents for $15 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 March, North York ($3.93/sq. ft.) had the highest rent per square foot, followed by Etobicoke ($3.34/sq. ft.). At the other end of the spectrum, Brampton has the lowest rent per square foot ($1.44/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 March 2026, the most common rental property type was apartments, representing the majority of all listings in the GTA at 38.01%. Partial houses were the second most common unit type this month, representing 34.77% of active listings, followed by houses at 16.10% and townhouses at 11.12%.

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 March. One-bedroom units were the most common type of listing in the GTA this month at 47.47%, while two-bedroom units represented 38.55% of the region’s active listings. Three-bedroom units made up the remaining 13.97%.

Looking for our full March 2026 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

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

The average rent price for an unfurnished one-bedroom unit in Markham currently stands at $2,128/month, while in Oshawa the same type of unit rents for an average of $1,614/month – a difference of $514 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 Scarborough and Vaughan-Richmond Hill.
• All furnished one-bedroom units decreased except for Etobicoke and Vaughan-Richmond Hill.
• All unfurnished three-bedroom units decreased in rental price

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 March for one-bedroom unfurnished units at $1,526/month. Markham is the most expensive for unfurnished one-bedroom units at $2,128/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 March, four of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, and Burnaby. Markham, Ontario rounded out the list.

Downloadable resources

Our complete March 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.

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

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 monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

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

The post March 2026 Ontario Rent Report appeared first on liv.rent blog.

• Ontario One-Bedroom Rents Rise Month-over-Month
  • One-bedroom unfurnished rents increased by 1.99% month-over-month in February 2026. The biggest increases were in Etobicoke (+3.8%), Markham (+3.7%), North York (+3.6%), and Vaughan/Richmond Hill (+3.1%). Scarborough remained essentially flat (-0.1%), while Downtown Toronto saw a slight increase of +0.2%.
    
• Toronto One-Bedroom Rentals: Unfurnished Stable, Furnished Down in February 2026
  • Month-over-month, one-bedroom unfurnished rents were stable (-0.08%), while furnished units saw a sharper decline (-2.96%). Markham remains the most expensive for unfurnished units at $2,175/month (+$77), while Oshawa is the most affordable at $1,698/month (+$38).
    
• Markham Overtakes Oakville in February as the Most Expensive One-Bedroom Market
  • Markham moved up from #3 to #1 this month, becoming the most expensive one-bedroom market. Oakville remains strong at #2, despite a slight easing. Burlington slipped from #2 to #3, and Downtown Toronto dropped from #4 to #5. Etobicoke entered the top five rankings this month.
    

We’re expanding the scope of our rent report! Starting this month, our Toronto Rent Report is now the Ontario Rent Report. We’ve begun adding more cities—beginning with Ottawa.

On December 10th 2025, the Bank of Canada announced that the interest rate would stay at 2.25%, closing out last year on a low trend. Experts predict the rate to hover around the same amount for 2026.

As of February 2026, the City of Toronto’s average monthly rent price for an unfurnished one-bedroom saw a YoY drop of $165 to a new monthly average of $1,991/month 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.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $2 this February to $1,991/month. The average rent for a furnished one-bedroom decreased by $61 since last month, bringing the rate to $1,993/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.

liv.rent’s 2026 Canada Rental Market Trends Report is launching soon, highlighting the key shifts shaping rental markets nationwide.

Month-to-month rent change

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

Unfurnished Toronto rent trends

Rates for unfurnished one-bedroom units in the GTA varied this month. Etobicoke (3.80%), Markham (3.67%), and North York (3.62%) increased, while no significant decreases were recorded.

Furnished Toronto rent trends

This month, average rates for furnished one-bedroom units in the GTA saw some notable changes. Vaughan-Richmond Hill (-4.20%), Markham (-2.84%) and North York (-2.81%) saw notable decreases, while Etobicoke (3.89%) and Brampton (3.41%) saw the largest increases.

Read More: The Ultimate Renter’s Guide To Using liv.rent

Toronto furnished vs unfurnished averages

This February, prices for unfurnished one-bedroom units saw a decrease (-0.08%) to $1,991/month while furnished units decreased (-2.96%) to $1,993/month. The average furnished one-bedroom unit rents for just $2 more than a one-bedroom unfurnished unit.

Read More: 56 Questions Every Landlord Should Ask Applicants Before They Sign A Lease

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 February, Downtown ($3.96/sq. ft.) had the highest rent per square foot, followed by Scarborough ($3.48/sq. ft.). At the other end of the spectrum, Brampton has the lowest rent per square foot ($1.47/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 February 2026, the most common rental property type was apartments, representing the majority of all listings in the GTA at 89.61%. Partial houses were the second most common unit type this month, representing 5.53% of active listings, followed by houses at 3.15% and townhouses at 1.72%.

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 February. One-bedroom units were the most common type of listing in the GTA this month at 44.71%, while two-bedroom units represented 40.38% of the region’s active listings. Three-bedroom units made up the remaining 14.90%.

Looking for our full February 2026 Toronto Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

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

The average rent price for an unfurnished one-bedroom unit in Markham currently stands at $2,175/month, while in Oshawa the same type of unit rents for an average of $1,660/month – a difference of $515 between the two.

Read More: Rental Vacancy Rates In The City Of Toronto

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 increased except in Scarborough.
• All furnished two-bedroom units decreased except for Mississauga, Ottawa, and Vaughan-Richmond Hill.
• All unfurnished two-bedroom units decreased in rental price across neighbourhoods except for Etobicoke, Brampton, and Markham.

Read More: FAQ: Everything You Need To Know About Rent Deposits In Ontario

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 February for one-bedroom unfurnished units at $1,555/month. Markham is the most expensive for unfurnished one-bedroom units at $2,175/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.

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.

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Most expensive cities in Canada

This February, three of the country’s most expensive cities are located in Metro Vancouver. West Vancouver is the most expensive city in the country to rent in, followed by North Vancouver, Vancouver. Markham and Burlington rounded out the list.

Downloadable resources

Our complete February 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.

Download The Latest Toronto Rent Report

For the complete Toronto rent report, download here.

Download Report

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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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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.

Learn More

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

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

The post February 2026 Ontario Rent Report appeared first on liv.rent blog.

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