Market Overview

The rental market for properties for rent in Downtown offers a strong mix of choice and momentum for people who want to secure a home without sacrificing location or lifestyle. Right now, there are 156 active listings, giving renters a meaningful selection across different layouts, building styles, and price points. The current average price sits around $3,165, while the average time on market is 31 days, a helpful benchmark for understanding how quickly well-priced rentals are being leased.

Recent movement in pricing, reflected in +4.2%, adds important context for anyone planning their next move. When prices trend upward, renters may benefit from acting sooner and being prepared with documents and deposits. When pricing eases, it can create opportunities to negotiate terms or prioritize features like extra space, parking, or in-suite laundry. Either way, the data points above provide a practical snapshot of how competitive Downtown is for for rent, and they set the stage for a smarter, more confident search.

Browse Listings

Exploring 156 available properties for rent in Downtown is a great way to understand what’s possible at different budgets and sizes. Inventory often includes a range of options—from more compact, efficient layouts to larger homes that suit roommates, remote work setups, or growing households. Whether the priority is minimizing commute time, staying close to everyday conveniences, or finding a quieter residential feel, browsing current listings helps narrow the search quickly.

Because this page focuses on properties for rent, visitors can compare price, space, and features side by side, then shortlist homes that match must-haves like outdoor space, pet-friendly policies, or included utilities. A clear view of active listings also helps renters spot new opportunities as they hit the market and move decisively when the right place appears.

Pricing Insights

Pricing for properties for rent in Downtown is influenced by a blend of unit size, building type, finishes, and location within the community. The average price is currently $3,165, which provides a useful starting point for budgeting and comparing listings. For renters who like to evaluate value more analytically, the average price per square foot is $4, helping distinguish between a smaller, premium home and a larger option that may offer more space for the same monthly cost. Overall availability spans a broad range, with current listings typically falling within $1,750 - $15,000.

It’s also helpful to consider how space aligns with monthly rent. With an average size of 718 sqft, renters can estimate what they may receive in terms of living area at today’s market rate. While the “right” price always depends on individual needs, comparing similar layouts and bedroom counts can make it easier to spot fair deals and avoid overpaying for features that don’t matter to the household.

Average Prices by Bedroom

Living in the Area

Life in Downtown tends to appeal to renters who want a balance between day-to-day convenience and a sense of neighbourhood identity. The community atmosphere can feel welcoming and lived-in, with a mix of housing types and streetscapes that support a variety of lifestyles. Some renters prioritize walkability—being able to accomplish errands, meet friends, or access services without relying on a car—while others look for a calmer residential setting that still connects easily to surrounding districts.

For many residents, the biggest draw is flexibility. A typical week might involve quick local errands, time outdoors, and easy access to transit or driving routes. The area’s overall character can support different routines, whether that means commuting to work, studying, or spending more time at home. Renters also often value the community feel that comes from living in an area where people take pride in their surroundings, and where it’s possible to feel settled even when renting.

From a housing perspective, properties and other property styles in Downtown can suit a range of needs—those seeking a simple, low-maintenance home, as well as renters looking for extra space or specific features. The best approach is to identify priorities first (budget, size, pet policies, parking, storage, and lease terms), then match them to listings that align with how residents want to live day to day.

Market Trends

To put today’s rental conditions into context, the table below highlights key trends and comparisons for properties for rent in Downtown.

Market Trends

What's Nearby

Downtown offers practical access to everyday needs, helping renters balance convenience with comfort. Transit connections are anchored by Bay St at Hagerman St, located about 155.69617537641, which can make commuting and getting around the city more manageable. For groceries and household essentials, residents can shop at Longo's, supporting everything from quick mid-week pickups to larger stock-up trips. When it’s time for a break or a casual meeting, Starbucks offers a nearby coffee option.

Frequently Asked Questions

What is the average price of properties for rent in Downtown?

The current average price for properties for rent in Downtown is $3,165. This figure is a useful baseline for budgeting, though actual rent can vary based on size, condition, included amenities, and the specific location within the area.

How many rentals are available in Downtown right now?

There are 156 active listings for properties for rent in Downtown. Inventory levels can change quickly, so checking back often helps renters catch new listings early and compare options before they’re leased.

How fast do rentals typically lease in Downtown?

On average, listings spend about 31 days on the market. Homes that show well and are priced competitively may lease faster, while units with more specialized features or higher price points can take longer to find the right match.

What price range should renters expect for properties for rent in Downtown?

Current options generally fall within $1,750 - $15,000, giving renters flexibility depending on bedroom count, square footage, and building type. Comparing listings against the average price of $3,165 can help determine whether a specific home is positioned as a value option or a premium rental.

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.