Skip to main

    'Luxury' Rentals in Toronto for $1,900 or Less Per Month

    Written By Robert Van Rhijn — As the founder of, Robert is one of Ontario’s leading experts on the GTA condo market. He is also the Broker of Record at Strata.

    The word ‘luxury’ is often synonymous with ‘expensive’. And if you’re a renter looking for upscale vibes, you may have to spend some serious cash for that kind of lifestyle. But a scan of rental listings on shows it is possible to find a decent-sized unit in a luxury condo that costs well-below the Toronto average of $2,650 a month.

    So what exactly would classify a condominium as ‘luxury’? According to Robert Van Rhijn, Broker of Record at, buildings with inventory renting or selling at 20 per cent above the neighbourhood average could easily be classified as such.

    “But while there are a handful of rentals on the market at or under $1,900 a month, what you’ll notice is that these buildings are all entry-luxury,” he says.

    “High-end condos, including the Ritz Carlton or the Shangri-La for example, are renting at over $4.50 per square foot, while middle-of-the-road condos cost about $3.00 per foot.”

    Regardless of price points though, realtor Allen Cho believes a luxury condo usually implies enhanced security features, great accessibility, and upgraded amenities.

    “Essentially, units are designed to maximize the privacy, convenience and comfort of each individual tenant,” he says.

    “My personal idea of luxury though is a unit with lots of natural lighting and a breathtaking view of the lake.”

    ‘Luxury’ is in the eye of the beholder

    Ritz Carlton Toronto Luxury Residence Hotel

    “‘Luxury’ is such a subjective word,” says agent Jenelle Tremblett. For example, a client who is moving to Toronto from a small town may consider it to mean a high-rise with a view of the skyline.

    “But my next client may base their concept of ‘luxury’ on which developer constructed the building or the kind of residents who live there,” adds Tremblett, who says that for her, luxury is often based on the quality of amenities and the professionalism of the concierge.

    As someone with a past career in marketing, Tremblett believes the term gets used loosely.

    “Don’t get caught up in these adjectives”, she says. “Get out and actually visit the building...this way, you can judge things for yourself.”

    So without delay, here are some of the cheapest rentals you’ll find right now in Toronto’s ‘luxury’ condos.

    170 Avenue Road, Unit 603

    • Building: Pears on the Avenue Condos
    • Neighbourhood: Yorkville
    • Asking price: $1,900/month

    View more Yorkville condos for rent.

    Avenue Condos

    28 Wellesley St E, Unit 1007

    • Building: VOX Condos
    • Neighbourhood: The Village
    • Asking price: $1,500/month

    View more The Village condos for rent.

    Vox Condos

    125 Redpath Ave, Unit 1204

    • Building: The Eglinton Condos
    • Neighbourhood: Mount Pleasant
    • Asking price: $1,850/month

    View more Mount Pleasant condos for rent.

    Eglinton Condos

    115 Blue Jays Way, Unit 501

    • Building: King Blue Condos
    • Neighbourhood: King West
    • Asking price: $1,900/month

    View more King West condos for rent.

    King Blue Condos

    15 Lower Jarvis St, Unit 401

    • Building: Lighthouse West Tower Condos
    • Neighbourhood: The Waterfront
    • Asking price: $1,900/month

    View more The Waterfront condos for rent.

    Lighthouse West Tower Condos

    Starting your search for a new home? Click on any of these links to access active listings, sold listings or contact a Strata agent.

    For any questions about this article or media inquires, please email