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Market Overview
The market for properties for rent in Downtown offers a strong mix of choice and convenience for people comparing neighbourhoods and monthly budgets. Right now, there are 121 active listings, giving renters a clear view of what is currently available and how quickly options are moving. Across current listings, the average price sits at $3,493, with properties spending an average of 31 days on the market. That balance—inventory, pricing, and pace—helps set expectations for anyone preparing to book showings or submit an application.
Recent movement in pricing, reflected by +31.4%, provides additional context on whether the market is trending upward or easing. In practical terms, a changing market can influence how quickly a well-priced unit is leased and how competitive the process may feel. For those seeking properties in a location that fits both lifestyle and commute patterns, this snapshot is a helpful starting point before narrowing down must-have features like layout, building type, or proximity to daily essentials.
Browse Listings
Visitors can browse 121 available properties for rent in Downtown to compare layouts, finishes, and neighbourhood pockets side by side. Options often range from efficient spaces that prioritize location and low-maintenance living to larger homes designed for extra rooms, storage, or work-from-home needs.
For anyone who wants to move quickly, it helps to monitor new listings as they come to market and be prepared with a shortlist of priorities. Whether someone is relocating, upsizing, or simply searching for a better fit, there are multiple paths to finding the right match. Start by exploring listings for rent and refine the search as favourites emerge.
Pricing Insights
Pricing for properties for rent in Downtown is shaped by a combination of property type, size, condition, and micro-location within the community. The current average price is $3,493, while the broader market spans $1,850 - $20,000, reflecting the range between more budget-friendly options and higher-priced homes with premium features. Looking at value through the lens of $4 can be especially useful when comparing properties with different layouts or square footage, since it helps standardize price differences across listings.
Another practical benchmark is the typical size currently seen in listings, with an average of 798 sqft. Renters can use this to judge how far a budget may go—whether the priority is a larger footprint, a specific bedroom count, or a particular building style. While list price is central, it’s also wise to consider overall suitability: natural light, storage, noise levels, and the day-to-day feel of the surrounding streets can matter as much as the numbers.
Average Prices by Bedroom
Bedrooms Avg. Price Listings Studio $2,013 4 1 Bed $2,685 76 2 Beds $4,810 37 3+ Beds $8,125 4 Living in the Area
Living in Downtown tends to appeal to residents who want a balanced routine—access to everyday conveniences, comfortable residential streets, and a community vibe that feels established without being rigid. The area’s overall character is often defined by a mix of housing styles and a practical layout that supports both quieter home life and easy trips out for errands or social plans. For renters, this can translate into more flexibility when choosing between different property types, building ages, and street settings.
Walkability is a major lifestyle consideration, and many people look for a home that makes daily tasks simpler—whether that means being able to step out for coffee, reach groceries without a long drive, or connect to transit with minimal hassle. At the same time, having access to green space and calmer pockets can be important for those who prioritize a morning walk, time outdoors, or a sense of breathing room between buildings.
Community feel also matters. Neighbourhoods that attract long-term residents often benefit from a lived-in rhythm: familiar local routes, recurring seasonal activity, and a sense of stability that supports renters who want to settle in rather than treat the move as temporary. For households at different life stages—students, professionals, couples, or families—Downtown can offer a range of options that support different schedules and space needs without losing the comfort of a cohesive neighbourhood identity.
Market Trends
To understand how properties for rent in Downtown are performing over time, the following snapshot compares key indicators and highlights recent movement.
Market Trends
Period Avg. Price Listings Avg. DOM Current $3,493 121 31 days Last 12 Months $2,764 25,484 23 days Last 90 Days $2,734 6,613 21 days What's Nearby
Day-to-day convenience is a major draw for renters considering Downtown, especially when errands and commuting can be streamlined. Transit access is anchored by Bay St at Hagerman St, located 155.69617537641, which can help residents connect to surrounding areas with less reliance on driving. For groceries, nearby options include Longo's, making it easier to keep routine shopping simple and consistent. Together, these nearby touchpoints help paint a practical picture of how daily life can flow in the neighbourhood.
Frequently Asked Questions
What is the average price of properties for rent in Downtown?
The current average price is $3,493. Actual pricing can vary within $1,850 - $20,000, depending on factors like property type, size, and overall condition, as well as where the home is situated within the area.
How many properties for rent are available in Downtown right now?
There are 121 active listings. Inventory changes frequently, so checking back often can help renters spot new opportunities and act quickly when a suitable option appears.
How fast do rentals move in Downtown?
On average, listings spend about 31 days on the market. Homes that match popular budgets or offer standout features may lease faster, so it can help to be prepared with requirements and documents when booking viewings. From there, focusing on a few must-haves—such as layout, outdoor access, or commute convenience—can make the search more efficient.
You are a short distance away from Starbucks for that morning caffeine fixand if you're not in the mood to cook, Hero Certified Burgers, P Poke Guys and Lai Wah Heen Restaurant are near this property. Groceries can be found at Longo's which is a short distance away and you'll find College of Physiotherapists of Ontario a short distance away as well. Entertainment is close by, with Elgin & Winter Garden Theatre Centre, Ed Mirvish Theatre and Cineplex Cinemas Yonge-Dundas and VIP a 4-minute walk. With The Textile Museum of Canada and Campbell House Museum a short distance away from your door, you'll always have something to do on a day off or weekend. You are a short walk from great parks like Larry Sefton Park.
Without a car, you can get around rather easily. The closest transit stop is a BusStop (BAY ST AT HAGERMAN ST) and is a short walk, but there is also a Subway stop, ST PATRICK STATION - SOUTHBOUND PLATFORM, not far connecting you to the TTC. It also has (Bus) route 6 Bay nearby. If you're driving, you'll have easy access to the rest of the city by way of Gardiner Expressway as well, which is within a 4-minute drive getting on and off at Yonge St.
