Rent Condominium Apartments in Toronto: 2026 Guide
Toronto condominium apartments average $2,850 monthly for 2-bedroom units in 2026, according to Urbanation data. Condominium corporations supplement Ontario's Residential Tenancies Act with building-specific rules, parking allocations, and maintenance fee structures across 2,800+ GTA high-rise communities.
Pricing by Building Age
| Building Age | 2BR Avg Rent | Maintenance Fee |
|---|---|---|
| Post-2020 | $3,150 | $0.85/sqft |
| 2015-2020 | $2,950 | $0.72/sqft |
| Pre-2015 | $2,550 | $0.65/sqft |
Step-by-Step Condo Renting Process
- Check rental restrictions: Section 83 of Ontario Condo Act limits short-term rentals; verify via Status Certificate ($100 fee).
- Confirm parking & locker access: Underground parking ~$200/month; storage lockers $75–150/month.
- Review maintenance fee inclusions: Fees cover heat, water, insurance; hydro usually excluded.
- Submit application to corporation: Provide income, references, credit report; approval takes 3–7 days.
- Sign Standard Ontario Condo Lease: Includes bylaws attachment; follow guest limits, no Airbnb.
Neighborhood Condo Price Comparison
| Neighborhood | 2BR Avg Rent | Vacancy |
|---|---|---|
| CityPlace | $3,250 | 1.1% |
| Liberty Village | $3,050 | 1.3% |
| Yonge & Eglinton | $2,950 | 1.6% |
| North York | $2,650 | 2.0% |
FAQ: Toronto Condo Rentals
- Maintenance Fees: $0.75/sqft on average, covering common elements; hydro excluded.
- Short-Term Rentals: Many buildings restrict to minimum 30-day leases; corporation rules apply.
- Parking: Underground ~$200/month, visitor fobs ~$50, waitlists common.
- Amenities: Gym, pool, concierge standard; newer towers add EV charging, yoga studios.
Conclusion
Toronto condos offer premium amenities and dual governance (provincial + corporation bylaws). Rent varies by building age, maintenance structures, and location. For general housing trends, see Toronto home guide and Canada guide.