Toronto’s diverse neighborhoods offer an incredible range of options for renters, each with its unique character, amenities, and price points. Whether you’re looking for a trendy downtown spot, a quiet suburban area, or a community vibe, Toronto has something to offer every type of renter. This guide highlights the top 10 neighborhoods for renters in Toronto in 2024, featuring rental trends, local attractions, and community insights to help you find the perfect spot.
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1. The Annex
Overview: Located near the University of Toronto, The Annex is a historic neighborhood known for its vibrant cultural scene, beautiful Victorian homes, and lively student and young professional population. With cafes, bookstores, and theaters around every corner, The Annex is perfect for those who enjoy an eclectic, urban lifestyle.
- Average Rent: Expect to pay around $2,400 for a one-bedroom apartment.
- Why Rent Here: The Annex offers a mix of affordable and high-end rentals close to public transit, cultural attractions, and the downtown core.
- Key Attractions: Royal Ontario Museum, Bloor Street’s shopping and dining, and Hot Docs Ted Rogers Cinema.
2. Liberty Village
Overview: Liberty Village is a trendy, modern area in the west end of Toronto that has gained popularity for its chic lofts, condos, and artistic vibe. Known for its youthful community, Liberty Village offers a wealth of dining and shopping options, making it a top choice for young professionals.
- Average Rent: Rentals start around $2,500 for a one-bedroom.
- Why Rent Here: Ideal for renters who want a community atmosphere close to downtown with plenty of social opportunities.
- Key Attractions: Liberty Market Building, local bars and cafes, and proximity to Exhibition Place.
3. Leslieville
Overview: Once an industrial hub, Leslieville has transformed into a hip, family-friendly neighborhood. With independent boutiques, art galleries, and local eateries, this area is a haven for creative professionals and families alike.
- Average Rent: Around $2,300 for a one-bedroom apartment.
- Why Rent Here: Leslieville’s community vibe, access to parks, and family-friendly amenities make it a desirable spot for renters.
- Key Attractions: Queen Street East’s shops, The Beaches, and Greenwood Park.
4. Yonge and Eglinton
Overview: Known as “Yonge and Eligible” for its young, vibrant crowd, Yonge and Eglinton is a bustling midtown neighborhood filled with new condo developments, shopping, and dining.
- Average Rent: Approximately $2,500 for a one-bedroom.
- Why Rent Here: This area offers top-tier transit access, great amenities, and is a walkable neighborhood perfect for singles and young professionals.
- Key Attractions: Eglinton Park, Yonge-Eglinton Centre, and local restaurants.
5. King West
Overview: Often compared to New York’s SoHo, King West is a lively, upscale area filled with high-end condos, stylish cafes, and a bustling nightlife. It’s perfect for renters looking for a fast-paced urban lifestyle.
- Average Rent: Expect around $2,700 for a one-bedroom.
- Why Rent Here: With its energetic vibe, King West appeals to young professionals and anyone looking to live close to Toronto’s Entertainment District.
- Key Attractions: TIFF Bell Lightbox, top restaurants, and Graffiti Alley.
6. Distillery District
Overview: The Distillery District is a unique pedestrian-only area known for its Victorian architecture, art galleries, and craft breweries. This neighborhood offers a blend of historic charm and modern amenities.
- Average Rent: Around $2,600 for a one-bedroom.
- Why Rent Here: Perfect for renters who love art, history, and a relaxed atmosphere away from the hustle of downtown.
- Key Attractions: Art galleries, cafes, and the annual Toronto Christmas Market.
7. High Park
Overview: Named after Toronto’s largest public park, High Park is a serene neighborhood that offers a suburban feel within the city. This area is known for its family-friendly environment and proximity to natural attractions.
- Average Rent: Around $2,300 for a one-bedroom.
- Why Rent Here: Ideal for families and nature lovers, High Park offers extensive green spaces, recreational facilities, and a slower pace.
- Key Attractions: High Park Zoo, Grenadier Pond, and hiking trails.
8. Riverdale
Overview: Riverdale is a charming neighborhood known for its Victorian homes, diverse community, and vibrant dining options along Danforth Avenue. With access to parks and cultural events, Riverdale is ideal for families and professionals.
- Average Rent: One-bedroom apartments typically start at $2,200.
- Why Rent Here: Offers a mix of residential tranquility and urban amenities, appealing to those seeking a balanced lifestyle.
- Key Attractions: Riverdale Park, Withrow Park, and the annual Taste of the Danforth festival.
9. Queen West
Overview: Queen West is known for its artsy vibe, independent boutiques, and bustling nightlife. This neighborhood is popular with creative professionals, young renters, and anyone seeking a unique community experience.
- Average Rent: Expect around $2,500 for a one-bedroom.
- Why Rent Here: Queen West’s energetic, artistic atmosphere attracts renters who want to be surrounded by culture and creativity.
- Key Attractions: Trinity Bellwoods Park, Graffiti Alley, and numerous art galleries.
10. St. Lawrence Market
Overview: St. Lawrence Market is centered around the historic market of the same name, offering a blend of old-world charm and modern urban living. This neighborhood attracts those who appreciate history, community, and excellent dining.
- Average Rent: Rentals start around $2,500 for a one-bedroom.
- Why Rent Here: St. Lawrence Market provides easy access to the downtown core, a variety of housing options, and a strong community feel.
- Key Attractions: St. Lawrence Market, the Flatiron Building, and close proximity to the Financial District.
Final Thoughts
Toronto offers a range of neighborhoods that suit every lifestyle, from bustling urban centers to family-friendly communities. Each area has its own appeal, so whether you’re looking for artistic vibes in Queen West, natural beauty in High Park, or historic charm in the Distillery District, there’s a Toronto neighborhood that’s right for you.
Ready to find your new home? Start exploring our full listings of rentals in Toronto and get in touch with us at HomeMaple to help you find the ideal rental property.
This comprehensive guide covers the top Toronto neighborhoods for renters in 2024, with internal links to HomeMaple’s rental pages for easy navigation and external resources to give readers additional context on each area. By including high-traffic keywords like “best neighborhoods for renters,” this blog post aims to increase HomeMaple’s visibility in search engines and provide valuable insights to potential renters.
