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GTA Rental Market Snapshot — Q2 2025 (TRREB)
Covers apartments & townhouses leased via TRREB MLS® — View the TRREB Rental Market Report
Condo apartment rentals became more affordable year-over-year in Q2 2025 as supply stayed elevated. Renters have gained negotiating power, while strong population growth continues to support overall leasing activity.
Total Listed (All Condos)
27,060 ▲ 16.0%
Total Leased (All Condos)
20,417 ▲ 16.6%
Avg 1-Bedroom Rent (Apartments)
$2,326 ▼ 5.1%
Avg 2-Bedroom Rent (Apartments)
$3,066 ▼ 3.5%
Condo Apartments — Q2 2025
| Bed Type | Avg Rent | Leased (YoY) |
|---|---|---|
| Bachelor | $1,873 | 11,749 (▲ 18.3%) |
| 1-Bedroom | $2,326 | 6,976 (▲ 16.7%) |
| 2-Bedroom | $3,066 | 3,720 (▲ 11.8%) |
| 3-Bedroom | $3,924 | 600 (▲ 18.8%) |
YoY symbols reflect direction; percentages rounded.
Condo Townhouses — Q2 2025
| Bed Type | Avg Rent | Leased |
|---|---|---|
| 1-Bedroom | $2,221 | 127 |
| 2-Bedroom | $2,836 | 665 |
| 3-Bedroom | $3,449 | 617 |
Townhouse averages shown for GTA total.
Context (TRREB): Rental transactions remain strong alongside historically high inventory. Through 2025, additional condo completions are expected to add investor-held supply, keeping selection high for tenants and requiring sharper pricing and incentives from landlords.
Source: TRREB Rental Market Report
What This Means for Landlords & Tenants
- Landlords: Elevated inventory + softer asking rents (notably 1- and 2-bed units) = more price competition. Consider move-in incentives, minor upgrades (lighting, blinds, paint), and flexible terms to reduce days on market.
- Tenants: More choice and leverage to negotiate rent, parking, or minor improvements. Compare multiple buildings and ask for modest concessions where vacancy is higher.
- Process friction: LTB backlogs can affect timelines for both sides—keep documentation tight, set realistic buffers, and clarify expectations in the lease.
The Smart Way to Rent or Lease in Toronto
Your Toronto Rental Journey, Guided by Experts
Whether you’re hunting for the perfect rental or leasing out your property, a trusted real estate professional will walk you through every step — no guesswork, just guidance.
1: Share Your Details
Start with a simple form.
Renters share where they want to live, budget, and timeline. Landlords provide basic info about their property, desired rent, and availability.
2: Verification & Screening
We keep it secure and serious.
Renters may be asked for ID, employment verification, and references. Landlords can verify property ownership. Our agents ensure all parties are qualified and ready.
3: Document Prep
Get the paperwork right, from the start. Renters gather supporting documents (job letters, credit reports). Owners prepare photos, key features, and rental terms. Your agent helps you stay organized.
4: Connect with a Local Agent
Real help from a real pro.
You’ll be matched with a licensed Toronto agent who specializes in your needs. Whether you're moving in or listing out, they’ll provide market insights, pricing help, and rental strategy.
5: Private Showings & Negotiation
Your agent handles the details.
Agents coordinate showings, communicate with the other side, and handle all back-and-forth — from tenant applications to lease terms. You stay in control, without the legwork.
6: Lease Signing & Move-In Support
Finalize with confidence.
Your agent prepares the lease, handles signatures, and ensures a smooth move-in or handover. From first contact to keys exchanged, you're covered.
Renting or Listing? Your Questions, Answered.
Q: What does a rental agent do?
A real estate agent helps landlords find qualified tenants and assists renters in securing the right home or condo. This includes advertising the property, screening applications, managing showings, and guiding both parties through the lease process. Some agents also offer ongoing support with rent collection and tenant relations.
Q: Do rental agents help with paperwork and legal compliance?
Yes — experienced agents ensure leases are legally compliant with Ontario’s rental laws and include all necessary clauses to protect both landlords and tenants. They also help prepare supporting documents, verify identities, and manage move-in timelines.
Q: What are the benefits of using a rental agent?
Whether you're renting or listing, working with an agent saves time and reduces stress. Real estate agents bring market insight, professional negotiation skills, and guidance through every step — from pricing to paperwork to move-in day.
Q: How are rental agents paid in Toronto?
A: In most cases, the landlord pays the agent's fee, which is typically equivalent to one month’s rent plus HST. For tenants, that means working with a rental agent often comes at no additional cost.
Real Estate Agents for Rentals in Toronto
At PropertyMesh, we connect renters and property owners with experienced real estate agents for rentals in Toronto who know the market inside and out. Whether you’re searching for a modern downtown condo or looking to lease out your investment property, our team brings the insight and service you’d expect from one of the city’s most efficient rental networks.
Unlike traditional apartment rental agencies in Toronto that rely on outdated listings or long lead times, our approach is human-first and locally driven. You’ll work with a licensed rental broker in Toronto who understands the unique needs of both sides — whether it’s helping a tenant secure a unit fast or guiding a homeowner through tenant screening and lease prep.
We work with individuals, investors, and even small rental companies in Toronto who need reliable support navigating a competitive housing market. From Liberty Village lofts to North York family homes, our agents provide hands-on help across a range of neighbourhoods and property types.
For renters, there’s no added cost — in most cases, landlords cover agent commissions. That means you get professional help without paying out of pocket. For landlords, it’s an easy way to avoid the stress of coordinating listings, showings, and paperwork.
If you’re comparing options between apartment rental companies in Toronto or larger platforms, know this: PropertyMesh pairs the reliability of a local agent with the reach and speed of a modern network — and we do it without sacrificing service.
Ready to get started? Whether you’re renting or listing, our agents are here to help make it simple, secure, and successful.
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Data Source Statement:
PropertyMesh.ca offers a curated catalog of new construction homes and connects users with REALTORS® who assist in both new and resale property transactions. Our database is currently populated through builder data feeds, manual research, and REALTOR® contributions. We strive for accuracy and make every effort to verify information; however, details may not always reflect the most current status of a property and are provided for reference only. As our platform grows, we will be expanding our data integrations to include resale listings from licensed real estate board feeds.
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