Toronto Rent Prices Are Getting Super Pricey & It's Much Cheaper To Live In These 3 Spots

Toronto Rent Prices Are Getting Super Pricey & It's Much Cheaper To Live In These 3 Spots

Toronto rent prices are slowly going back up after declining during the COVID-19 pandemic, and it could be time to start packing your bags. According to Rentals.ca, the average price of a one-bedroom apartment in the 6ix is currently just under $2,000 which is down 2.9% compared to the same period last year. However, overall rent, which is $2,181, is up 6.7% from the last quarter of 2021. The city's blatant unaffordability has caused many to flee the GTA in search of cheaper housing, especially in the wake of the 2020-2021 lockdowns. While Toronto currently sits at $1,938 for a one-bedroom and $2,628 for a two-bedroom, there are cheaper options around Ontario. At the moment, the overall most affordable cities to rent in Ontario are London, Windsor, and Kingston with …
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