{"id":55439,"date":"2026-05-22T00:21:22","date_gmt":"2026-05-22T00:21:22","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/55439\/"},"modified":"2026-05-22T00:21:22","modified_gmt":"2026-05-22T00:21:22","slug":"these-are-the-ontario-cities-where-rent-is-getting-much-cheaper-in-2026","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/55439\/","title":{"rendered":"These are the Ontario cities where rent is getting much cheaper in 2026"},"content":{"rendered":"

Compared to this same time last year, rents across major markets in Ontario are continuing to drop, according to a new report that highlights some of the cheapest places to rent in the province right now.<\/p>\n

One-bedroom unfurnished units now average $1,970 in Ontario, which is down 8.8 per cent year-over-year, based on data from liv.rent’s May 2026 Ontario Rent Report<\/a>. The biggest\u00a0declines are\u00a0in Brampton (down 10.8 per cent) and downtown Toronto (down 10.2 per cent).<\/p>\n

However, this May, all rent prices for unfurnished one-bedroom units increased throughout the GTA, except in downtown Toronto and Markham, which recorded average rent prices of $1,997 and $1,950, respectively.<\/p>\n

\"ontario<\/p>\n

City of Toronto rent prices over the past few months. Source: liv.rent.<\/p>\n

On the other hand, Vaughan-Richmond Hill, North York, and Etobicoke were the only places in the GTA that saw an increase in rent price for all types of unfurnished units, including one-bedroom, two-bedroom, and three-bedroom properties.<\/p>\n

Downtown Toronto saw declines across all unit types, with one-bedroom units down 5.94 per cent month-over-month. Looking beyond the downtown core, the City of Toronto’s average monthly rent for an unfurnished one-bedroom unit dropped year-over-year by $206 this month, representing a new average of $1,942 per month.<\/p>\n

\"ontario<\/p>\n

Rent prices across Ontario markets this May. Source: liv.rent.<\/p>\n

Downtown Toronto and Markham saw the biggest declines in rents for unfurnished one-bedroom units, at -5.97 per cent and\u00a0-2.84 per cent, respectively.Etobicoke, North York, and Ottawa saw the biggest increases, however,\u00a0at 7.5 per cent, 3.83 per cent, and 1.59 per cent, respectively.<\/p>\n

Despite recording significant rent declines, downtown Toronto still had the highest rent per square foot in May at $2.86\/sq. ft., while Brampton had the lowest at just\u00a0$1.36\/sq. ft.\"ontario<\/p>\n

Average rent per square foot across major Ontario markets. Source: liv.rent.<\/p>\n

Out of all the markets analyzed, Oshawa is the cheapest municipality to rent out of this May, with an average unfurnished one-bedroom unit priced at\u00a0$1,587, $1,885 for a two-bedroom,\u00a0and\u00a0$2,373 for a\u00a0three-bedroom.<\/p>\n

Etobicoke recorded some of the priciest rents seen throughout the province this month, with $2,176 for an\u00a0average one-bedroom, $2,748 for a two-bedroom, and a $3,402 for a three-bedroom.<\/p>\n","protected":false},"excerpt":{"rendered":"Compared to this same time last year, rents across major markets in Ontario are continuing to drop, according…\n","protected":false},"author":2,"featured_media":55440,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[90,4140,94,4139],"class_list":["post-55439","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brampton","tag-brampton","tag-estate","tag-ontario","tag-real"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/55439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=55439"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/55439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/55440"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=55439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=55439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=55439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}