What are the average rental prices for homes in Toronto?

The average rent for a two-bedroom home in Toronto is about $2,950 per month. Downtown rents often exceed $3,400, while outer districts typically range between $2,300 and $2,700.

How does rent control work for Toronto home rentals in 2026?

Ontario’s rent control guideline for 2026 is 2.5%. Rent increases require written notice and can only occur once every 12 months. Any increase above the guideline requires approval from the Landlord and Tenant Board.

Can a tenant be evicted for renovations in Toronto?

Evictions for renovations are permitted with proper notice. In many cases, tenant compensation is required, and tenants may have the right of first refusal to return to the unit after renovations are completed.

What rental fees are legally allowed in Toronto?

Landlords may only charge first and last month’s rent. Parking and utilities must be clearly disclosed in the lease, and no additional or extra fees are permitted.

Rent Homes in Toronto: 2026 Complete Guide

Toronto rental vacancy is tight at 1.8% in 2026 (CMHC). Average 2-bedroom homes reach $2,950/month. Ontario's Residential Tenancies Act governs lease agreements, deposits, and rent control for all residential properties.

Toronto vs Canada Rental Comparison

Metric	Toronto	Ontario Avg	Canada Avg
Vacancy Rate	1.8%	2.1%	2.3%
2BR Avg Rent	$2,950	$2,450	$1,900
Rent Growth	4.2%	3.8%	3.1%

Step-by-Step Home Renting Process

Search verified listings (Rentals.ca, PadMapper, brokerages).
Submit complete application (income, references; deposit ≤1 month, no application fees).
Review and sign standard Ontario lease (confirm rent, utilities, parking, services).
Document home condition at move-in (photos, notes for dispute prevention).
Understand rent increases: once per 12 months, 90-day notice, 2.5% guideline for 2026.

Neighborhood Rental Price Ranges

Neighborhood	2BR Avg Rent	Estimated Vacancy
Downtown Core	$3,450	1.2%
North York	$2,650	2.1%
Etobicoke	$2,450	2.4%

Ontario Tenant Rights

Rent increases allowed once per 12 months, written notice ≥90 days.
Deposit limited to first and last month; no application/pet/extra fees allowed.
Evictions require proper notice/forms; may require Landlord and Tenant Board hearing.
Tenants can request repairs for unsafe conditions.

FAQ: Toronto Home Rentals

Average rents: 2BR ~ $2,950; Downtown >$3,400, outer districts $2,300–$2,700.
Rent control: 2.5% guideline in 2026; written notice required; above-guideline requires Board approval.
Eviction for renovations: Allowed with notice; tenant compensation often required; right of first refusal.
Legal rental fees: First/last month only; parking/utilities disclosed in lease; no extra charges.

Conclusion

Toronto's 2026 rental market combines low vacancy, higher-than-average rents, and strong tenant protections. Understanding neighborhood pricing and Ontario rules ensures renters can make informed decisions. See Canada rental guide for national context.