Cost of living
Cost of living in Toronto
Average rent and household spending in Toronto — and a quick check of whether your rent is reasonable for your income.
Average rent in Toronto
CMHC, apartment structures of three units and over.
| Bachelor | $1,491/mo |
|---|---|
| 1 bedroom | $1,761/mo |
| 2 bedroom | $2,045/mo |
| 3 bedroom | $2,294/mo |
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Check your rent in Toronto
That's about average for Toronto ($2,045).
City comparison
How Toronto compares
A one-bedroom in Toronto averages $1,761 a month, the 2nd most expensive of the 18 cities we track and $354 above the 18-city average of $1,407.
Keeping rent under the 30% guideline takes a gross income of about $70,440 a year for a one-bedroom here, and about $81,800 for a two-bedroom.
The median individual income in Toronto is $41,900, so an average one-bedroom takes 50% of a median earner's gross income: house-poor.
Household spending in Ontario
Average household, per year (Survey of Household Spending).
Educational information only — not financial advice. Rents are CMHC averages; actual options vary by neighbourhood and building.
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