Average Rent in Toronto in Today’s Market
Corporate Stays, Canada’s largest corporate housing provider, delivers luxury rental experiences in Toronto for both business and leisure travelers.
In Toronto, the average rent for a furnished luxury apartment through Corporate Stays starts at a competitive rate, reflecting our commitment to providing value without compromising on quality or comfort.
Average Rent Prices for Furnished Corporate Rentals in Toronto
Toronto short-term corporate rentals for a studio apartment start at $2,000, while long-term renters might pay around $1,931. Larger spaces, like 4-bedroom apartments, have an average short-term rent of $5,600, compared to $5,375 for long-term leases.
| Apartment Type | Short-Term Average Rent | Long-Term Average Rent | Comparables |
| Studio | $2,000 | $1,931 | View |
| 1 Bedroom | $2,500 | $2,377 | View |
| 2 Bedrooms | $3,600 | $3,401 | View |
| 3 Bedrooms | $4,400 | $4,167 | View |
| 4 Bedrooms | $5,600 | $5,375 | View |
Corporate Stays offers top-notch furnished apartments in Toronto, packed with amenities for a comfortable stay.
Corporate Stays fully furnished rentals are perfect for short- and long-term stays, making your Toronto visit luxurious and hassle-free.
Explore our current listings on CorporateStays.com to find your ideal corporate rental.
Average Rent by Neighborhood in Toronto
| Neighborhood | Average Rent |
| Queen West | $2,300 |
| Downtown Toronto | $2,700 |
| Entertainment District | $2,500 |
Queen West is known for its vibrant arts scene and eclectic shopping, making it a favorite among those seeking a lively cultural experience.
Downtown Toronto remains the top choice for those who prioritize proximity to business hubs and luxury dining.
The Entertainment District is popular for its nightlife, theaters, and sports venues, appealing to a diverse array of travelers.
Comparison of Corporate Stays vs. Typical Residential Rents in Toronto
| Apartment Type | Corporate Stays Short-Term Average Rent | Typical Residential Rent |
| Studio | $2,000 | $1,650 |
| 1 Bedroom | $2,500 | $2,100 |
| 2 Bedrooms | $3,600 | $2,800 |
| 3 Bedrooms | $4,400 | $3,500 |
| 4 Bedrooms | $5,600 | $4,500 |
This comparison demonstrates that Corporate Stays, while on the higher end of corporate rental prices in Toronto, offers significant value through furnished and fully-equipped living spaces, tailored services, and flexible leasing options that cater specifically to corporate and leisure travelers seeking comfort and luxury.
If you need a tailored rental solution or want updates on new listings in your preferred areas, don’t hesitate to contact a Corporate Stays representative.
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Key Factors Driving Rent Prices in the Corporate Rental Market
Several factors influence the fluctuation of rent prices in the Toronto corporate housing market.
Understanding these factors can help renters and travelers make informed decisions when choosing their accommodations.
| Factor | Description |
| Local Business Growth | Increases in local businesses can drive up demand for corporate rentals. |
| International Presence | Global companies setting up in Toronto boost the need for short-term stays. |
| Seasonal Demand Fluctuations | Prices may rise during peak tourist seasons due to higher demand. |
| Location | The most significant factor influencing rental price. Prime locations demand higher prices. |
| Property Size and Amenities | The size and available amenities within a property can significantly affect rent. |
| Property Condition | Well-maintained and modern properties tend to command higher rents. |
| Market Demand and Supply | High demand and limited supply increase prices, while an oversupply may lower them. |
Historical Rent Trends in Toronto’s Corporate Rental Market (2013-2024)
The Toronto corporate rental market has seen significant fluctuations over the past decade. These changes reflect broader economic trends and shifts in market demand.
Below is a simplified overview of average rent prices for furnished 1-bedroom apartments, a common choice among corporate clients:
| Year | Average Rent for 1-Bedroom (CAD) |
| 2013 | $1,800 |
| 2014 | $1,850 |
| 2015 | $1,900 |
| 2016 | $2,000 |
| 2017 | $2,200 |
| 2018 | $2,350 |
| 2019 | $2,500 |
| 2020 | $2,300 |
| 2021 | $2,100 |
| 2022 | $2,500 |
| 2023 | $2,600 |
| 2024 | $2,700 |
Note: The dip in prices in 2020 and 2021 reflects the global economic impacts of COVID-19, followed by a recovery and continued growth in subsequent years.
Average Rent in Nearby Cities for Furnished Apartments
Explore nearby cities with lower average rent prices for furnished apartments to explore alternatives to Toronto’s corporate rental market.
| Montreal | Vancouver | Ottawa | Halifax | Quebec City | Edmonton | Calgary | Winnipeg |
| $1,850 | $2,995 | $2,042 | $1,600 | $1,500 | $1,550 | $2,045 | $1,300 |