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
Click here to see condos and homes for rent in Mississauga.
| Studio | 1-bed | 2-bed | 3-bed |
|---|---|---|---|
| $1,925 | $2,259 | $2,824 | $3,532 |
Oakville
Click here to see condos and homes for rent in Oakville.
| Studio | 1-bed | 2-bed | 3-bed |
|---|---|---|---|
| $1,900 | $2,197 | $2,920 | $3,205 |
Burlington
Click here to see condos and homes for rent in Burlington.
| Studio | 1-bed | 2-bed | 3-bed |
|---|---|---|---|
| - | $2,305 | $2,946 | $4,548 |
Vaughan
Click here to see condos and homes for rent in Vaughan.
| Studio | 1-bed | 2-bed | 3-bed |
|---|---|---|---|
| $1,716 | $2,123 | $2,695 | $3,382 |
City of Toronto (Central)
Click here to see condos and homes for rent in downtown Toronto.
| 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
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
Dream Home
Explore Reviews and Testimonials to see why clients trust TEAM Paliwal, the REMAX Agents in Mississauga Oakville. The perfect moment has arrived to “Find Your Dream Home,” and the dedicated professionals at TEAM Paliwal from Remax Realty Specialists Inc in Mississauga are ready to provide you with unparalleled personal attention.
To be among the first to receive new listings of homes for sale, fill out the form. No obligation — just daily updates to help you find YOUR DREAM HOME!
As we progress, we’ll explain and request you to sign a Buyer Representation Agreement, ensuring the highest quality of real estate service.
Verified Reviews of The Best Real Estate Team
- Amit Arora, October 2023
- Nimish Sharma, October 2023
- Ruchi Naik, October 2023
- Mohamed Elghazaly, October 2023
- Anu Chadha, August 2023