Best Student Housing in Toronto: A Complete Guide

Toronto is Canada’s largest and most diverse city—home to top-tier universities and colleges like the University of Toronto, Toronto Metropolitan University (formerly Ryerson), George Brown College, and OCAD University. With over 350,000 students enrolled across the city, it’s one of the most exciting places in the country to study.

But there’s one challenge almost every student faces: finding affordable housing.

The average rent for a one-bedroom apartment in Toronto has climbed above $2,600/month, making solo living out of reach for most students. That’s why student housing—like shared apartments, co-living spaces, and purpose-built student accommodations—is more important than ever.

In this guide, we’ll break down:

• Types of student housing in Toronto

• The best student-friendly neighborhoods

• Average rent prices

• How to find housing using Rentser.com

• Smart tips to secure the best deal

Why Student Housing Matters in Toronto

Where you live during your studies directly impacts your academic performance, social life, and finances. Toronto’s high rental prices and competitive market can make it difficult for students—especially those new to the city or coming from abroad.

Student-focused housing offers several advantages:

• More affordable than solo living

• Located closer to campuses

• Furnished options available

• Flexible lease terms (semester or monthly)

• Built-in community and support

If you’re on a student budget and want a place that supports your academic life, student housing is your smartest option.

Types of Student Housing in Toronto

1. On-Campus Residences

These are managed by universities and colleges and are usually reserved for first-year or international students.

• Fully furnished rooms

• Meal plans often available

• Located within walking distance of classes

• Rent: $900–$1,500/month

• Limited availability—apply early

2. Off-Campus Co-Living Rooms

Private bedrooms in shared apartments or houses. You share the kitchen, bathroom, and sometimes living areas with others.

• Flexible leases

• More independence than dorms

• Rent: $700–$1,200/month

• Most popular among second-year and upper-year students

3. Purpose-Built Student Accommodation (PBSA)

These are professionally managed buildings specifically designed for students. They offer modern amenities like gyms, study rooms, and lounges.

• Fully furnished

• Includes security and maintenance

• Higher-end option

• Rent: $1,100–$1,700/month

4. Basement Apartments & Private Room Rentals

Many homeowners in Toronto rent out their basement or spare bedrooms to students. It’s one of the most affordable ways to live in the city.

• Rent: $600–$1,000/month

• Often found in areas like Scarborough, Etobicoke, and East York

• Quality varies, so always visit or request a virtual tour

Best Neighborhoods for Student Housing in Toronto

Downtown Toronto

• Near: University of Toronto, Toronto Metropolitan University, OCAD University

• Great public transit access

• Rent: $1,000–$1,500/month for a private room

• High demand and limited availability

North York

• Near: York University, Seneca College

• Multicultural area with plenty of student housing

• Rent: $700–$1,000/month

Scarborough

• Near: University of Toronto Scarborough (UTSC), Centennial College

• Quieter neighborhoods with more space

• Rent: $600–$900/month

• Basement apartments are common here

East York / Danforth

• Residential and slightly more affordable than downtown

• Close to public transit and downtown

• Rent: $750–$1,100/month

Etobicoke

• Near: Humber College, University of Guelph-Humber

• Suburban feel, but well-connected by transit

• Rent: $650–$950/month

Average Rent for Student Housing in 2025

Living alone in a studio apartment can cost 2–3x more than sharing a space with roommates. Most students choose shared living to save money and enjoy the social benefits.

How Rentser.com Makes Student Housing Easy

Finding a safe and affordable room shouldn’t take weeks. Rentser.com is designed to help students in Toronto connect with verified listings, trusted landlords, and compatible roommates—all in one place.

Key Features of Rentser.com

• Verified Listings
  No more scams or expired ads. Every room is verified before going live.

• Roommate Matching
  Match with people who share your lifestyle, values, and schedules.

• Student-Friendly Filters
  Search by campus distance, rent, furnished options, short-term leases, and more.

• Integrated Services
  Need help moving in or setting up internet? Rentser connects you with trusted service providers.

• Landlord Tools
  List your room in minutes and instantly share to Facebook student housing groups.

For both students and landlords, Rentser makes the process smoother, faster, and safer.

Tips to Secure Student Housing in Toronto

1. Start Your Search Early
   Begin looking 2–3 months before your move-in date, especially for fall semester.

2. Have Documents Ready
   Landlords often request proof of enrollment, ID, and financial documents.

3. Tour the Property (or Ask for a Video Tour)
   Always visit in person or ask for a virtual walkthrough to avoid scams.

4. Understand the Lease Terms
   Know your rights. Check for flexibility, subletting rules, and penalties for breaking the lease.

5. Ask What’s Included
   Make sure you know whether utilities, Wi-Fi, and furniture are part of the rent.

6. Use Trusted Platforms Like Rentser.com
   Facebook groups can work, but scams are common. Verified platforms are much safer.

Is Student Housing in Toronto Worth It?

Absolutely. Student housing helps you save money, stay close to your classes, and live in a supportive environment. You can easily find a private room in a shared apartment for under $1,000/month—compared to paying $2,500+ for a studio apartment.

You’ll also gain access to amenities, build friendships, and reduce commute stress. Whether you’re studying for midterms or preparing for your first job, living in the right place makes all the difference.

 Your Toronto Student Life Starts With the Right Home

Toronto is an incredible place to live and study—but only if you have the right housing. Student housing options such as shared rooms, co-living apartments, and purpose-built accommodations make city life more affordable, social, and manageable.