Toronto Rental Listings — September 2025

Key Market Indicators

Overall median listing price

$2,600

MoM: -1.7% · YoY: -5.5% · 3m: +1.0% · n=6501

IQR: $2,199 – $3,400

1-bed median listing price

$2,000

MoM: -2.4% · YoY: -13.0% · 3m: 0.0% · n=2285

IQR: $1,799 – $2,300

2-bed median listing price

$2,650

MoM: -1.9% · YoY: -8.6% · 3m: -1.9% · n=2248

IQR: $2,400 – $3,000

3+ median listing price

$3,750

MoM: +1.4% · YoY: +1.4% · 3m: +7.1% · n=1968

IQR: $3,300 – $4,500

Trend & Mix Visuals

Median with IQR (filter by bedroom)

Bedroom mix share

Price distribution (1- & 2-bed) — September 2025

1-bed 3-month outlook (80/95% bands) — SARIMA(1, 1, 0)×(0, 1, 0, 12) AIC=-35.0 — Backtest MAPE: —

2-bed 3-month outlook (80/95% bands) — SARIMA(1, 1, 0)×(1, 0, 1, 12) AIC=-37.2 — Backtest MAPE: —

Income Benchmarks

Income needed to afford (rule-of-thumb 3.0× rent)

Hourly = (median × 3.0) ÷ (40.0 × 52.0 ÷ 12). Annual = hourly × 40.0 × 52.0.

1-bed

$34.62/hr

Annual: $72,000

2-bed

$45.87/hr

Annual: $95,400

3+ bed

$64.90/hr

Annual: $135,000