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Rental Guide For Newcomers To The Greater Toronto Area
Rental Guide For Newcomers To The Greater Toronto Area

Rental Guide For Newcomers To The Greater Toronto Area

Renting in the Greater Toronto Area can feel confusing if you’re new to Canada or relocating from another city. Prices can change quickly, neighbourhoods can feel very different from one another, and the rental process may not be straightforward if it’s your first time. 

This article should help you understand what renting looks like in the Greater Toronto Area so that you can make informed decisions with confidence.

Of course, if you have any questions beyond this quick guide, RE/MAX Team Paliwal is here to help you through the entire process.

What to expect when renting in the Greater Toronto Area

The GTA includes Toronto and many surrounding cities such as Mississauga, Brampton, Oakville, Burlington, Milton, and parts of Durham Region. Each area has its own rental market, price range, and lifestyle. Some locations are very busy and competitive, while others are quieter and more affordable.

Commute times across the GTA can vary, so it’s important to consider your travel time when looking for a place to rent.

It’s common for newcomers to underestimate how much location can affect the rental price. Two homes that look similar can have very different prices depending on transit access, nearby schools, or how close they are to downtown Toronto. 

Understanding this early can save time and frustration. You don’t want to rush into a year-long lease, only to find out later that the location is inconvenient for you. 

Rental prices across the GTA

Condos in central Toronto usually cost more than townhomes or basement apartments in areas outside of Toronto. Newer buildings and homes that are close to transit stations also tend to be priced higher.

The charts below show average rental prices across several GTA areas with links to current rental listings. These numbers are meant to help you understand what is realistic for your budget and which areas may be a better fit for your needs.

Average Condo Apartment Rental Prices (Q3 2025)

Mississauga

Studio 1-bed 2-bed 3-bed
$1,925 $2,259 $2,824 $3,532

Oakville

Studio 1-bed 2-bed 3-bed
$1,900 $2,197 $2,920 $3,205

Burlington

Studio 1-bed 2-bed 3-bed
- $2,305 $2,946 $4,548

Vaughan

Studio 1-bed 2-bed 3-bed
$1,716 $2,123 $2,695 $3,382

City of Toronto (Central)

Studio 1-bed 2-bed 3-bed
$1,977 $2,419 $3,317 $4,106

Another area worth looking at is Etobicoke, which is the west end of Toronto. Click here if you’re interested in condos and homes for rent in Etobicoke.

What’s included in the rent

Not all rentals include the same things in the rental price. Some properties include heat and water, while others don’t. Electricity (which is called hydro in Ontario) is often paid by the tenant. Internet, cable, and phone services are almost always extra.

Parking is another detail to check carefully. In condos, parking may cost extra or may not be available at all. Before signing a lease, it’s important to confirm what is included in the rent.

Your real estate agent can help you confirm all the details so that there are no surprises later.

Other costs

Your rent is only one part of your housing cost. You should also plan for tenant insurance, utilities, internet, parking, and, depending on the property, snow removal or laundry fees.

Tenant insurance is usually required and is generally affordable. Utilities can vary depending on the size of the home and its energy efficiency. When planning your budget, leave some room for these additional costs.

Where newcomers and relocating renters rent first

Many newcomers begin by renting condos near public transit, purpose-built rental buildings, or basement apartments in suburban neighbourhoods. These options often offer a good balance between cost, convenience, and flexibility.

Some renters choose to live farther from Toronto to get more space for their money, while others prefer being close to work or public transit. Your first rental does not have to be perfect. It just needs to work for your current stage.

How competitive the GTA rental market can be

In many GTA neighbourhoods, good rental homes are leased quickly. It’s not unusual for landlords to receive multiple applications, especially for well-priced properties.

This means it’s important to be prepared when looking for a place to rent. Knowing your budget, having all documents ready, and acting quickly when you find the right place can make the difference between getting the perfect place and spending days looking for something else.

What landlords typically ask for when you apply

Most landlords will ask for identification, proof of employment or income, a credit report, and references. This helps them determine whether rent payments will be paid on time.

It usually takes several days to get employment paperwork from your workplace, so make sure to prepare these in advance. You don’t want to find the right place and then be stuck waiting for employment documents before you can submit an offer.

Renting without Canadian credit history

If you’re new to Canada, not having Canadian credit is common and usually manageable. Landlords may accept an employment letter, proof of savings, references from previous landlords, or several months of rent paid in advance. Each situation is different, and having guidance during this step can help you present your application in the strongest possible way.

Lease terms and tenant rights in Ontario

In Ontario, most residential leases use the Residential Tenancy Agreement. In many cases, rent increases are regulated, and tenants have many legal protections under the Residential Tenancies Act.

Typically, leases start with a one-year term. After that, many rentals automatically continue on a month-to-month basis.

You can click to read a Guide to the Residential Tenancies Act.

Furnished vs unfurnished rentals in the GTA

Most long-term rentals in the GTA are unfurnished, which means you’re responsible for your own furniture and household items. In most cases, appliances are included, but there may be properties where you will need to bring your own, so make sure to confirm this with the landlord.

Furnished rentals do exist, especially in downtown areas or short-term situations, but they usually cost more. If you’re moving from another country, planning for this early can make your transition smoother.

Short-term rentals vs one-year leases

Short-term rentals can be helpful when you first arrive and want time to explore neighbourhoods. They allow flexibility but often come at a higher monthly cost.

One-year leases usually offer better value and stability. Many newcomers choose to rent short-term at first, then move into a longer lease once they understand the area better.

Renting first before deciding where to buy

Renting can be a smart first step when relocating to the GTA. It gives you time to learn neighbourhoods, travel times, and price differences before making a long-term decision.

Many buyers feel more confident purchasing a home after they’ve lived in the area and understand what matters most to them.

How RE/MAX Team Paliwal can help you rent smarter

Remax team paliwal team members Gyanesh Paliwal, Anshu Paliwal and Akanksha Paliwal

RE/MAX Team Paliwal works with many newcomers and relocating families across the GTA. We help you understand rental pricing, compare neighbourhoods, and avoid common mistakes that first-time renters often make.

Our goal is to help you find a rental that fits your budget, lifestyle, and future plans. If you’d like guidance or have questions about where to start, our team is always happy to help you navigate the process.

Book a free no-obligation consultation with us, in person or over Zoom, and we’ll help you get started right away.

Tell us what are you looking for by filling the form below and we will be in touch right away
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Me and my wife Harshita comes with a background and strong belief of having the blessings of elders is ultra-important. Our signing the contract was purely because of Team Leader Gyanesh Paliwal. We really liked his knowledge, experience and as an elder and like a family member. Given this was our first Home experience and we were super anxious, on the closing day when we both were missing our parents the most to hear that voice go for it, you played that role. It was your voice in the end saying go for it gave me the courage to say yes. We hope that this would turn out to be one of our best decisions. In future we would love to work with you from the start till the end.

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I wanna share my experience with Re/Max, Gyanesh Paliwal and his team, when the idea of buying house came up in our minds, we called Remax team Paliwal they explained everything in details, and kept following up with us till we made the decision to buy the house, then we met Gyanesh Paliwal, and they did everything to make us understand all the details of buying house as that was our first time, then the journey of viewing houses started, we visited tens of them in different places, they gave us opinion about each house, if any of them is in bad location or has something bad, they right away told us about it, then we came to the point that we found the house that we loved.

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Real Estate Agent Gyanesh Paliwal. portrait image of him
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