How to find a Luxury Apartment for Rent in Toronto


Where should you start searching for the ideal luxury apartment?

If you have ever dreamt about living in the vibrant city of Toronto surrounded by luxury and comfort – the good news is that you will be able to, in just a little bit of time. Toronto offers a plethora of high-end apartment options for those seeking a luxurious lifestyle. 

It is no surprise that navigating the competitive real estate market in Canada’s largest city can be overwhelming, but a comprehensive guide like this would help you find your ideal luxury Toronto apartment for rent. 

From defining your needs and budget to exploring neighborhoods and working with real estate agents, we’ve got you covered. 

Here are a few basics you need to remember:

  • Determining your Needs and Budget

  • Researching Toronto Neighborhoods

  • Utilizing Online Listing Platforms

  • Collaborating with Real Estate Agents

  • Attending Open Houses or Scheduling Viewings 

  • Considering new developments & condo rentals

  • Networking and seeking referrals

  • Being prepared for the application process

Determine Your Needs and Budget:

Before going on an apartment hunt, take some time to figure out your needs and budget. Consider factors such as the number of bedrooms and bathrooms you require, desired amenities, proximity to schools or workplaces, and any specific features you value in a luxury apartment (and near it). Setting a realistic budget helps in considering additional costs – such as parking, maintenance fees, commute, and utilities. 

Research Toronto Neighborhoods:

As a diverse city with a wide range of neighborhoods, Toronto offers a unique lifestyle and atmosphere. Research and explore different places to find the right neighborhood – one that aligns with your preferences. Some popular luxury neighborhoods in Toronto include Yorkville, Rosedale, Forest Hill, and Harbor Front. Consider transportation options, safety, and the overall ambiance of the neighborhood (yes, that’s a thing). 

Utilize Online Listing Platforms:

Take advantage of online resources to find available luxury apartments for rent in Toronto. Websites such as Rent Seeker and Zillow provide comprehensive listings with detailed descriptions (and high-quality photos/virtual tours). Narrow down your search by filtering for specifics, such as price range, number of bedrooms, and desired amenities. 

Collaborate with Real Estate Agents:

Real Estate agents who specialize in luxury rentals can be invaluable for your search, as they have access to exclusive listings and possess in-depth knowledge of the market. By guiding you through the entire rental process and negotiating lease terms, they can offer insights into the best neighborhoods for your luxury living. Seek recommendations and read reviews of multiple agents to find the right one who understands your requirements. 

Attend Open Houses and Schedule Viewings:

When you shortlist a few potential apartments, it is always a good idea to attend open houses or schedule viewings for those also. Take note of the property’s condition, the quality of finishes, the appliances, and the overall layout. Don’t hesitate to ask questions about the lease terms, additional fees or restrictions, and even pet policies. 

Consider New Developments and Condo Rentals:

Since the real estate market has evolved constantly in Toronto, new luxury developments are emerging throughout the city. Explore newly constructed buildings and condo rentals for state-of-the-art amenities, modern designs, and a greater living experience. Developers often offer attractive incentives for those as well, so keep an eye out for special promotions or discounts. 

Network and Seek Referrals:

Seek referrals from colleagues, acquaintances, and those who may have any insights or connections in the Toronto rental market. Word-of-mouth recommendations can sometimes lead to exclusive opportunities that might not be publicly advertised. 

Be Prepared for the Application Process:

Whenever you succeed in finding the perfect luxury apartment that suits your needs, be prepared for the application process. Gather all the necessary documents such as your identification, proof of income, employment verification, and references if required. Make sure that your finances are in order, as landlords may sometimes require a credit check or proof of financial stability.

What are some online portals that could help you find the ideal luxury apartment for rent in Toronto?

Toronto offers a range of excellent rental listing websites that simplify the process of finding the right rental for you, helping you find your dream home with just a few clicks. Let’s explore some of the top platforms designed to make your search easier: 

Focused on creating a trusted rental community for both renters and landlords, this platform ensures a secure and efficient experience with just an identity verification process and the completion of the entire rental process online. 

At the forefront of the digital renting world, Zumper offers features like digital payments and contracts for a simplified rental process. This platform allows you to filter by long-term, short-term, and vacation rentals – catering to your specific needs. 

This platform comes with unique search filters, including square footage options, listing age, and even a keywords search bar. This mobile-first company offers a responsive contact form that connects you with property managers or agents and has an automatic listing update every minute. 

Point2 Toronto: 

Showcasing around 3000 rental properties and prioritizing safety by validating listings through RENTCafe – their sister company – Point2 Toronto ensures accurate availability by checking and updating listings on a daily basis. 

As one of Toronto’s largest rental property guides, this platform allows you to explore different municipalities and narrows down your search by specific neighborhoods. They also provide historical price data based on previous sale prices, helping you make informed decisions. 

How do you find a luxury apartment for rent in Toronto from abroad?

In case you’re moving to Toronto or have already decided to move, finding the perfect apartment to rent in a bustling city can be a challenge, especially when you’re not physically there to view the properties. 

To help make your search easier on that account, we have a few valuable tips and strategies:

  • Research ‘Apartments for Rent in Toronto’

  • Check ‘Rentals for Newcomers’

  • Review Lease Regulations

  • Use a local real estate agent

  • Be cautious with online listings

  • Consider ‘temporary accommodation’

Research Apartments for Rent in Toronto:

When you conduct online research, you familiarize yourself with the rental market in Toronto. Learn about the types of luxury housing available – such as apartments, condos, townhomes or even basement apartments. Understand that the average rent prices based on different unit types and neighborhoods vary, so your initial research will provide a solid foundation for your apartment search. 

Rentals for Newcomers:

Rentals for Newcomers is a website that is practical and user-friendly – specifically designed to assist newcomers in finding apartments for rent in Toronto. This site would offer valuable informative articles about renting in Canada. 

Review Lease Regulations:

Understand the rules and regulations governing property leases in Toronto, and the information that landlords can request on lease applications (so know your rights as a renter). The provincial Landlord and Tenant Board can provide you with the necessary information for a smooth renting experience. 

Be Cautious with Online Listings:

When browsing luxury apartments online as a newcomer, keep an eye out for legitimate listings. Avoid scams by being wary of pushy individuals who try to rush you into signing a lease agreement. Request a live video tour of the rental property to verify its condition, and speak with the landlord. It is best to avoid unnecessary personal information unless you’re certain that the listing is legitimate. Most importantly, never send money online unless you’ve met in person and trust the individuals or parties involved (or ask someone local to physically visit the people involved before sending a cheque). 

Use a Local Real Estate Agent:

A local real estate agent from Toronto who specializes in rentals would have access to upcoming listings, allowing him/her to narrow down your options based on your budget, preferred location, and other criteria. They can save you a lot of time and effort during your apartment search. 

Consider Temporary Accommodation:

If you’re searching for luxury apartments in Toronto from abroad, it’s often helpful to secure temporary accommodation till you find the right place (or while you conduct your research at a closer level). This could also involve staying with friends or family, booking a hotel or using an Airbnb. This provides you with an opportunity to explore different areas, view listings in person, and make an informed decision. 

The Bottom Line

Finding a luxury apartment for rent in Toronto doesn’t have to be a challenging task – with careful planning, research, and the right resources you can secure the perfect living space. With Toronto Boutique Apartments, your search is made 10 times easier – while you sit in the comfort of your home. 

To see luxury apartments for rent in Toronto and other listings, drop us a message or email us. 

About Toronto Boutique Apartments

At Toronto Boutique Apartments, we offer premium designer-furnished rentals in Toronto, along with comprehensive marketing services. Ranked as one of the top furnished apartment providers by, we strive to give you a stunning and well-designed space for your short-term stay in the city. Our goal is to transform the perception of short-term accommodations by curating unique and inspiring furnished apartments.



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