Average Rent of 1-Bedroom Hits $2,000 Mark in Toronto

The average rental price for a one bedroom apartment in Toronto finally cracked the $2,000 mark in September, a 5% increase in a month, according to data from Padmapper.

It's important to note, however, that Padmapper also factors longer-term Airbnb rentals (those that can be rented by the month) into its calculations. This could skew the price upwards a bit, as renting a full apartment in Toronto through Airbnb can run upwards of $4,000 per month.

Toronto is quickly closing in on Vancouver as the most expensive city for rent in Canada, though the latter city remained even less affordable as of last month.

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