{"id":661,"date":"2015-11-10T15:42:06","date_gmt":"2015-11-10T15:42:06","guid":{"rendered":"http:\/\/www.torontorentals.com\/blog\/?p=661"},"modified":"2015-11-10T15:42:14","modified_gmt":"2015-11-10T15:42:14","slug":"in-toronto-whats-a-fair-rent-to-pay","status":"publish","type":"post","link":"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay","title":{"rendered":"In Toronto, what&#8217;s a fair rent to pay?"},"content":{"rendered":"<p>Yeah, rent is steep in Toronto. It&#8217;s a sad reality we all face. Still, there are deals to be found and other places that charge exorbitant rates that seem totally out of whack with the norm. What&#8217;s up with that?<\/p>\n<p>Since rent is probably one of your biggest monthly expenses, sorting out how much you can afford will depend on your income, whether or not you&#8217;ll split the rent with a roommate, what other expenses you have, and how much you want to save month to month.<\/p>\n<p>Deciding how much rent you can afford and what&#8217;s a fair rent for the area you&#8217;re looking at might not necessarily align. How do you know what&#8217;s fair for the area and what&#8217;s way too steep?<\/p>\n<p><span style=\"color: #e6495e;\"><strong>Look at the averages.<\/strong><\/span> Finding the average rent for a given neighbourhood can take ages, and the information on the interwebs isn&#8217;t always consistent or even accurate. TorontoRentals&#8217; <a href=\"http:\/\/www.torontorentals.com\/neighbourhood-guide\/toronto\">neighbourhood guides<\/a> have accurate averages, determined by looking at what property managers and landlords in various neighbourhoods are actually charging for their rentals. Of course, averages don&#8217;t show that some parts of a neighbourhood might command higher rents than others. Still, the average is a good guideline.<\/p>\n<p><span style=\"color: #e6495e;\"><strong>Ask around.<\/strong><\/span> If you can, ask some people coming in or out of the building you&#8217;re considering what they pay for rent there. Don&#8217;t be a creep about it, and definitely don&#8217;t force the issue if they feel uncomfortable divulging. Mostly, people want to be helpful and their answers will give you a good picture of whether the price presented to you aligns with the norm.<\/p>\n<p><span style=\"color: #e6495e;\"><strong>Consider the costs.<\/strong><\/span> Usually, landlords set rents to cover all their costs, plus have a little income month to month. In condo and apartment buildings, there are condo fees that usually get bundled in with the monthly rent. Buildings that have a ton of amenities like pools, gyms, meeting rooms and outdoor common spaces, plus 24-hour security or a concierge will have really high condo fees, which can drive up your rent.<\/p>\n<p><span style=\"color: #e6495e;\"><strong>Measure availability.<\/strong><\/span> In cities like Toronto where the rental market is hot, rentals get snapped up as quickly as they come available. There&#8217;s a high demand for rentals in Toronto and a limited demand and as with all types of micro-economies, this leads to skyrocketing rents. Neighbourhoods that are most popular tend to have higher average rental rates for that reason alone.<\/p>\n<p>What constitutes a &#8220;fair rent&#8221; to you? Does that even exist in Toronto? Tell us what you think.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yeah, rent is steep in Toronto. It&#8217;s a sad reality we all face. Still, there &#8230;<\/p>\n","protected":false},"author":26,"featured_media":665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"coauthors":[220],"class_list":["post-661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rental-guides"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>In Toronto, what&#039;s a fair rent to pay?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TorontoRentals.com Blog\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay\"},\"author\":{\"name\":\"TorontoRentals.com Blog\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#\/schema\/person\/53503b1c0fd1a6bc186b273abbee8d44\"},\"headline\":\"In Toronto, what&#8217;s a fair rent to pay?\",\"datePublished\":\"2015-11-10T15:42:06+00:00\",\"dateModified\":\"2015-11-10T15:42:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay\"},\"wordCount\":424,\"image\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/photo-1445397850626-07279c4e0361.jpg\",\"articleSection\":[\"Rental Guides\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay\",\"url\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay\",\"name\":\"In Toronto, what's a fair rent to pay?\",\"isPartOf\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/photo-1445397850626-07279c4e0361.jpg\",\"datePublished\":\"2015-11-10T15:42:06+00:00\",\"dateModified\":\"2015-11-10T15:42:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#\/schema\/person\/53503b1c0fd1a6bc186b273abbee8d44\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay#primaryimage\",\"url\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/photo-1445397850626-07279c4e0361.jpg\",\"contentUrl\":\"https:\/\/www.torontorentals.com\/blog\/wp-content\/uploads\/photo-1445397850626-07279c4e0361.jpg\",\"width\":1925,\"height\":925},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/in-toronto-whats-a-fair-rent-to-pay#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Toronto Rentals Blog\",\"item\":\"https:\/\/www.torontorentals.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rental Guides\",\"item\":\"https:\/\/www.torontorentals.com\/blog\/rental-guides\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"In Toronto, what&#8217;s a fair rent to pay?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.torontorentals.com\/blog\/#website\",\"url\":\"https:\/\/www.torontorentals.com\/blog\/\",\"name\":\"Toronto Rentals Blog\",\"description\":\"Looking for an apartment in Toronto? 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