These are the five "cheapest" rentals in Toronto right now

The housing market is going through an unpredictable and transitional time during the COVID-19 pandemic.

According to a report compiled by TorontoRentals.com and Bullpen Research & Consulting, the average monthly rent in Toronto has fallen to $2,194, which they say is an 8.7% annual decrease.

On average, condominium landlords charged $260 less per month in July 2020 compared to July 2019, the report said.

So, now might just be the perfect time to look.

While you can still expect virtual apartment viewings, here are five of the “cheapest” rentals,  recently listed by Zoocasa, showing places in and around Toronto.

• See also:
  • Toronto rental prices have declined for eight months in a row: report
  • August hits record GTA homes sales compared to last year

1. 184 Highbourne Road – $975

• Studio Basement
• 1 Bathroom
• 1 parking
• 700 square feet

2. 26 Pine Avenue – $1,150

• Bachelor Basement
• 1 Bathroom
• 1 parking
• Right in The Beaches, close to restaurants

3. 153 Monarch Park Avenue – $1,150

• Basement Apartment unit
• 1 Bathroom
• 1 parking
• Right in Danforth Village, close to restaurants

4. 165 Pemberton Avenue – $1,200

• Basement Apartment
• 1 Bathroom
• 1 parking
• 380 square feet

5. 985 Victoria Park Avenue – $1,200

• Basement Apartment
• 1 Bathroom
• 1 parking
• Close to Victoria Park subway station