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Ontario rent prices keep falling and here's where they're cheapest right now

Becky Robertson

created: July 9, 2025, 3:16 p.m. | updated: July 10, 2025, 3:57 p.m.

The city has also fallen in the ranks of the most expensive places to rent a one-bedroom home in Canada. While Toronto had the second-priciest rents in the country for this unit type after only Vancouver last spring, the city is now less expensive than North Vancouver, Vancouver, Coquitlam, and Burnaby. As a province, Ontario has the second-highest rental rates nationwide, after B.C., at an average of $2,329 per month across unit sizes. And though Oakville is not considered a metropolis, its average rent prices have climbed higher than downtown Toronto's, coming in at approximately $2,605. Regina, Saskatchewan, came in at the very bottom of the list, with an average rental price of $1,413.

3 months ago: blogTO