Your monthly budget in Toronto
Toronto is Canada’s largest city and its financial centre. After years of sharp increases, asking rents have eased in 2026 and sit at their lowest in nearly four years, though they remain high compared with incomes.
Calculating…
Last updated October 2026. Estimates only: your own rent, bills and habits will differ.
Accommodation costs in Toronto
The average asking rent for a one-bedroom apartment in Toronto was about 2,153 in September 2026 according to rent-report data, with two-bedroom homes near 2,900. Renting a room in a shared apartment is common for newcomers and students. Ontario’s rent-control rules limit yearly increases for existing tenants in most buildings, but new units and new tenancies are not capped.
| Home | Monthly rent | Source |
|---|---|---|
| Room in a shared apartment | $1,100 | Estimate Typical room in a shared apartment in Toronto |
| One-bedroom apartment | $2,150 | Estimate liv.rent Ontario rent report, September 2026: average asking rent for a one-bedroom in Toronto about 2,153 |
| Two-bedroom apartment | $2,900 | Estimate Typical asking rent for a two-bedroom apartment in Toronto |
Utilities and internet in Toronto
Many Toronto apartments include water and sometimes heat, while hydro is usually a separate bill. Internet and mobile plans are expensive by international standards, often 70 to 120 for each.
| Bill | Monthly | Source |
|---|---|---|
| Electricity, heat and water | $140 | Estimate Budget of about 80 to 150 for a one-bedroom condo in 2026 |
| Home internet | $75 | Estimate Typical plan from a major provider |
| Mobile plan | $65 | Estimate Typical plan with data |
Groceries in Toronto
Food prices in Canada have risen faster than wages in recent years. A single adult who plans meals and shops the weekly flyers will spend about 460 a month; eating mostly prepared foods costs a lot more.
$460 a month for one adult
Estimate Typical single-adult spending in a large Canadian city after several years of food inflation
Transport in Toronto
The TTC subway, streetcars and buses cover the whole city. The adult monthly pass cost 156 until fare capping began on 1 September 2026. Commuters from the suburbs also need a GO Transit fare.
$156 a month on public transport
Published price TTC adult monthly pass price; from 1 September 2026 monthly fare capping replaces the pass. The TTC adult monthly pass cost 156 until it was replaced by monthly fare capping on 1 September 2026. The cap works out at a similar level for a daily commuter.
Dining out and entertainment in Toronto
A casual restaurant meal is around 20 to 30 before tip. The three lifestyle settings assume about 100, 260 and 480 a month on dining out, entertainment and social life.
| Lifestyle | Monthly (one adult) |
|---|---|
| Frugal | $100 |
| Moderate | $260 |
| Comfortable | $480 |
How we calculate this
Take-home pay comes from our Canada salary calculator using Ontario tax rules, with a single person and standard options. For couples, groceries are scaled to 1.6 times a single adult, utilities to 1.25, and transport, phones, leisure and other costs to roughly two people; rent stays the same because you share one home. Prices marked Published price come straight from an official or operator source; Estimate figures are our judgement from the listed sources and should be treated as a starting point.
Sources
- liv.rent, Ontario rent reports 2026
- Toronto Transit Commission, fares and passes
- Ontario Energy Board, typical bills
- Statistics Canada, food and shelter price indexes
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