Rent data for Parkdale
Compare rents in Parkdale using public CMHC data, Rentals.ca market listings, and anonymous submissions from renters who live here.
Parkdale rents are 7% below the Toronto average.
Parkdale is a diverse, evolving neighbourhood in Toronto's west end with a strong arts community and a mix of older walk-up apartments and newer builds.
Estimated fair rent in Parkdale
| Unit type | Estimated range / mo | Confidence |
|---|---|---|
| Studio | $1,400 to $1,950 | Baseline |
| 1 bedroom | $1,850 to $2,600 | Limited |
| 2 bedroom | $2,400 to $3,350 | Limited |
| 3 bedroom | $3,050 to $4,200 | Baseline |
| 3+ bedroom | $3,750 to $5,200 | Baseline |
Ranges combine CMHC Rental Market Survey, Rentals.ca market listings, and anonymous renter submissions. Confidence rises as more renters in Parkdale submit. Last updated March 2026.
Privacy comes first. We never collect your name or email and we never display individual rent submissions on this page. The numbers above are aggregated ranges across many anonymous submissions. Read the privacy policy.
Are rents in Parkdale high or low?
Parkdale rents run 7% below the Toronto average for comparable units. Rents are slightly below the city average, offering relative value close to downtown.
Sitting below the Toronto average does not automatically make a unit a bargain. Older buildings, fewer amenities, or a longer commute can all explain a lower rent, so it is worth weighing what you give up alongside what you save.
Help build better data for Parkdale
Parkdale has limited local data so far (2 submissions). Estimates rely primarily on CMHC and Rentals.ca data. Anonymous submissions make the Parkdale benchmark sharper for the next renter who lands here.
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See how rents in Parkdale compare with nearby Toronto neighbourhoods.
Data sources
This page combines three sources, in order of how much weight each carries once enough local data exists:
- Anonymous renter submissions. Real rents reported by renters in Parkdale.
- CMHC Rental Market Survey. Annual data covering purpose-built rentals.
- Rentals.ca market listings. Used for market context. Listings show asking rents, not necessarily signed rents.
Results are grouped by neighbourhood and unit type. Individual submissions are never shown publicly.
Before renting in Parkdale
- Lots of older rent-controlled high-rises along Jameson and along the Queensway. These are some of the most genuinely affordable options inside the old city of Toronto.
- Streetcar access on Queen and King is the main commute story. Both lines are busy and slow during rush hour, bike commuting is common.
- Building condition varies more in Parkdale than elsewhere. See the unit in person, not just photos, before committing.
- Compare by unit type. Bachelor, 1 bedroom, and 2 bedroom rents vary widely in Parkdale. Use the snapshot table above for the right benchmark.
- Check what is included. A unit at the top of the range may include heat, water, or parking. A bare unit at the same price is more expensive in practice.
- Ask about parking. Indoor parking can add $100 to $250 per month depending on the building.
- Compare building age and condition. A renovated unit in a newer building often rents above the neighbourhood range.
- Ask about rent increase rules. In Ontario, units first occupied before November 15, 2018 are rent controlled at the provincial guideline. Newer units are exempt between tenancies.
- Compare asking rent with reported rent. Listing sites show asking rents. Anonymous submissions help show what renters report paying.
FAQ for renters in Parkdale
What is the average rent in Parkdale?
The estimated fair range for a 1 bedroom in Parkdale is $2,100 to $2,400 per month, based on CMHC data and Rentals.ca market listings. Parkdale rents run 7% below the Toronto average for comparable units. See the snapshot table above for all unit types.
Is Parkdale more expensive than the rest of Toronto?
Parkdale rents run 7% below the Toronto average for comparable units. Rents are slightly below the city average, offering relative value close to downtown. Use this as a benchmark, not a final appraisal. Building age, condition, floor, and included amenities affect individual rents.
How does FairRent calculate rent benchmarks?
We combine public CMHC Rental Market Survey data, Rentals.ca market listing data, and anonymous renter submissions. CMHC data is comprehensive but lags. Listings show asking rents. Anonymous submissions show what renters report paying. The blend gets more accurate as more renters contribute.
Is my rent submission anonymous?
Yes. We do not collect your name, email, address, phone, or IP. We store only your neighbourhood, unit type, monthly rent, move-in year, city, and whether parking or utilities are included. There is no way to trace a submission back to a person.
Does FairRent show my exact address?
No. We never display individual rent submissions publicly. We only show grouped data: ranges, medians, and confidence labels by neighbourhood and unit type. Your submission becomes one of many anonymous data points feeding the neighbourhood benchmark.
Why should I submit my rent in Parkdale?
The data improves when more renters contribute. Your submission makes the Parkdale benchmark better for the next renter checking their rent here. Submission takes about a minute and stays anonymous. Parkdale has limited local data so far (2 submissions). Estimates rely primarily on CMHC and Rentals.ca data.
How often is this page updated?
Last updated March 2026. CMHC data is refreshed annually each fall. Rentals.ca data updates monthly. Anonymous renter submissions feed in continuously. Submissions older than two years are excluded so the benchmark stays current.
What if there is not enough data for Parkdale?
When local submissions are limited, the estimate relies primarily on CMHC and Rentals.ca data adjusted for Parkdale. Confidence labels in the table make this clear. The more renters in Parkdale submit, the stronger the local benchmark gets.
Is this legal or financial advice?
No. FairRent provides market estimates for information only. Results are not professional appraisals, legal opinions, or official determinations. For rent disputes or formal proceedings, consult a licensed paralegal or your provincial tenant rights organization.
FairRent Canada · Toronto Rent Calculator · Parkdale rent data. Sources: CMHC Rental Market Survey, Rentals.ca market listings, anonymous renter submissions. Results are estimates only. Not legal, financial, or real estate advice. Last updated March 2026.