The 5 Best Short Term Rentals in Toronto [2022]

If you are travelling to Toronto and are looking for a short-term rental, then you have come to the right place. Toronto is home to many different types of short-term rentals, from apartments and condos to houses and townhomes. 

Regardless of what your budget is or what type of accommodation you are looking for, you will be able to find a short-term rental in Toronto that meets your needs.

If you’re looking for the best short-term rentals in Toronto, look no further! We’ve compiled a list of the top five places to stay in the city, whether you’re looking for luxury, convenience, or something in between. Read on to find the perfect place for your next stay in Toronto!

Summary

What's the Average Cost of Short Term Rentals in Toronto?

The average cost of a short-term rental in Toronto varies depending on the type of accommodation you are looking for. The average price for an apartment or condo is around $150 per night, while the average price for a house or townhome is around $250 per night. Of course, these prices can vary depending on the size and location of the accommodation.
There are various factors to consider when looking for a short-term rental in Toronto. Below are some of the most important things to keep in mind when searching for a place to stay:
  • The Location: Toronto is a large city with many different neighbourhoods to choose from. When choosing a short-term rental, be sure to consider the neighbourhood and its amenities. Is it close to public transit? Are there restaurants and shops nearby? Is it a safe neighbourhood?
  • The Size: How many people will be staying in the rental? Make sure to choose a place that is big enough to accommodate everyone comfortably.
  • The Budget: Toronto is home to both luxury and budget-friendly short-term rentals. Be sure to set a budget and stick to it.
  • The Type of Accommodation: Toronto offers a variety of different types of short-term rentals, from apartments and condos to houses and townhomes. Choose the type of accommodation that best suits your needs.
Below is a table of some of the most popular short-term rental types in Toronto, as well as their average prices:
Short-Term Rental Type  Avg. Price Per Night
Apartment or Condo$150- $250
House or Townhome $250-350
Studio Apartment$100-175
Bed and Breakfast$120-215
If you are looking for a place to stay in Toronto, be sure to consider the factors above. By doing so, you will be able to find a short-term rental that meets your needs and budget.

The Best Short Term Rentals in Toronto

Now that you know what to look for in a short-term rental and what the average prices are, let’s take a look at some of the best places to stay in Toronto!

1. The Annex Hotel

Annex Hotel offers a warm and authentic Toronto experience while enjoying comfort that makes the house feel like home – an ideal place for visitors looking to see this city from an angle they don’t usually get.

They offer extra large rooms with 2 Queen Beds, thoughtful design, local art and records for your listening pleasure with a striking view from every window and modern washroom furnishings. 

They also have large rooms with 1 King Bed fit, the small room which is perfect for a short trip or when you plan on spending most of your time exploring the city and the medium room which is ideal for a work trip or a last-minute getaway. 

Every room comes with fast wifi, iPad Pro, Netflix accounts ready to watch, self serve closets (unlimited pillows), the best mattresses, temperature control and a lot more. The moment you walk into The Annex, a host will meet your needs. 

No need to worry about lines at the front desk or waiting in line for check-in – they’ve got everything taken care of beforehand! The friendly staff makes you feel extra comfortable and their amazing drinks are the perfect pairing for any occasion so what are you waiting for? Get in touch with them now!

Business Information:

Website: theannex.com
Email: hello@theannex.com
Telephone: +16476949868
Address: 296 Brunswick Ave, Toronto, ON M5S 2M7, Canada

Customer Review Highlights:

“ The Annex is a unique, progressive, and beautiful hotel. Their customer service was noticeably better than the big name hotels we usually stay at. It’s unique in many ways - their rooms had vinyl players in them, and clean, modern interior design, and their lobby had a cool pop up restaurant/store. If you’re staying in Toronto and looking for a different experience for your stay, I would recommend checking this place out. “

Pros & Cons

ProsCons
Lots of amenitiesOften fully booked
Mobile check-ins
Technology-driven
 

2. Ode

Ode is a place where you can come to reminisce about the good times and enjoy some locally sourced food. They are located in the Dundas West neighbourhood where you’ll find a wonderfully eclectic mix of shops and restaurants.

From the Portuguese bakeries selling juicy pastel de nata`s to hole-in-the wall galleries featuring local art, there is no shortage of interesting things for you here! 

Ode is a reflection of their neighbourhood and the people in it – no beige carpets, black & white photos with three pebbles stuck together for decoration purposes only. Instead they have modern rooms each sporting their own unique personality brought alive by local Toronto based artists designers who they’re proud to call friends. 

From large spaces with a queen bed, to medium sized rooms that include double beds – they have the perfect room for you! 

The amenities include a flat screen smart TV,  private bathroom and kitchenette with micro-oven. You’ll also have access to wifi internet service as well as an espresso machine for those long nights in. 

They take pride in creating a friendly, welcoming environment for all of their guests. Ode wants you to have an amazing time while visiting them and will do everything possible not only to answer any questions or concerns but make sure your experience here is nothing short than perfect!

Business Information:

Website: odetoronto.ca
Email: tiffany@odetoronto.ca
Telephone: +16473348042
Address: 1417 Dundas St W, Toronto, ON M6J 1Y4, Canada

Customer Review Highlights:

“ This place is such a great spot in the heart of the city! Perfect location with easy walking access to so many delicious restaurants and bars. The attention to design and detail from beginning to end is incredible, cozy and inviting (we booked the Global room). Communication with the family that runs Ode was also excellent if we ever needed anything. Would highly recommend to friends and family and stay again ourselves. Thank you, Ode! “

Pros & Cons

ProsCons
Convenient Downtown locationRooms only have the necessities 
Affordable
Unique art pieces found throughout the space

3. Toronto Boutique Apartments

Toronto Boutique Apartments provide a luxurious environment for those looking to live in style, with designer furnished rentals that are second-to none. With their creative minds, they’re able to make each short term rental apartment completely unique in how it is furnished and styled. 

They offer fully furnished environments with curated design, excellent customer service and attention to every detail that will make your stay as comfortable as you want it to be! They use professional interior designers and high-end furniture for each property, so that when people move into their dream homes with them they feel right at home! 

Their rental condos are in the Yorkville and King West area of downtown Toronto, and are perfect for executive corporate housing or company relocations. The apartments are strategically located so that they provide you with privacy and tranquility from every angle. Whether it’s about the utilities (internet, TV) or how well your building reception works – these homes have everything a person could need!

Business Information:

Website: torontoboutiqueapartments.myvr.com
Email: info@torontoboutiqueapartments.co
Telephone: +16477152102
Address: 99 Yorkville Ave Suite 200, Toronto, ON M5G 1L5, Canada

Customer Review Highlights:

“ We loved our stay at one of the Boutique Apartments. Bassam and his team really went above and beyond to make sure our stay was comfortable, clean, and a home away from home. I would definitely recommend these guys for short or long term stays. From phone conversation to moving in, the process was easy, pleasant and fascinated quickly. Thanks team Toronto Boutique Apartments! We will definitely stay with you again! “

Pros & Cons

ProsCons
Great pricesNeed to cancel within 48 hours to get a full refund 
Convenient Downtown location
Wide range of accomodations

4. Toronto Luxury Suites

Toronto Luxury Suites believe that each guest should have the opportunity to feel like they’re at home while staying in one of their suites. They do this by providing luxurious, high-quality accommodations with individually-designed features for your personal style and needs – all handpicked based on location! 

They offer luxury suites with 1 to 4 bedrooms and amenities like unlimited high speed Wi-Fi, fully-equipped kitchen, bi-weekly maid services, state of the art gym and more. They offer affordable prices for both short and long-term stays so you can enjoy the city of Toronto like never before. 

They are committed to providing their guests with an unforgettable experience. This is why they only work in high-quality buildings, ensuring that each person who stays at their suites will have access not just the best amenities but also feel like royalty. 

The neighbourhood surrounding it provides the perfect atmosphere for peace of mind, with every facility within walking distance from your doorstep so even if you stay here for one day – everything about your stay will be perfect!

Business Information:

Website: torontoluxurysuites.com
Email: info@torontoluxurysuites.com
Telephone: +18669491848
Address: 26 Scollard St, Toronto, ON M5R 1E9, Canada

Customer Review Highlights:

“ We stayed at the Toronto Luxury Suites in January 2020 when we were visiting our daughter who is studying at the University. It was in a great location in the heart of Toronto within walking distance of all attractions and the university. The amenities were great. It had everything a house should have. The apartment was very clean and well decorated. I would and will definitely stay here again. “

Pros & Cons

ProsCons
All suites has a luxury feel to itPrices are on the higher range
Convenient Downtown location
Often have promotions
   

5. Sky View Suites

With Sky View Suites, you’ll be able to enjoy the best of Toronto without having to worry about finding a place. Whether you’re looking for a studio or penthouse, they’ve got it all. With spacious and well-maintained furnished suites, they offer the widest selection of downtown locations compared to other rental providers in this city. 

The suite itself is very well-appointed  and well-equipped, and there is a small supply of essentials such as laundry detergent pods, bath soap and shampoo, kitchen towels etc. Additionally all their spaces have professionally decorated walls that will blow you away with their beauty! 

Sky View Suites is the highest online rated furnished rental provider in Toronto. They are an active member of the CHPA – a community that helps them understand industry best practices. Their team is always looking out for their customers, and will go above-and-beyond in order to provide the best experience possible so call them today to find your dream place!

Business Information:

Website: torontofurnishedrentals.com
Email: reservations@torontofurnishedrentals.com
Telephone: +18887877829
Address: 142 Simcoe St, Toronto, ON M5H 3G4, Canada

Customer Review Highlights:

“ I have been using Skyviewsuites for business and work trips in Toronto for a while . Their team and service is top-notch and apartments have all appliances which make you feel like home . Interiors and painting are amazing . I will surely recommend to anyone who want to plan a business trip or family vacation or relocation to Toronto. Also helpdesk resolve the issues very smoothly if at all you face. “

Pros & Cons

ProsCons
150+  short term rentalsPrices are on the higher range
Stress-free rental experience
Largest selection of Downtown units
 

FAQs about Short Term rentals

Yes, most short-term rentals will require a deposit. The amount of the deposit will vary depending on the rental company, but it is typically equal to one week’s rent. Be sure to ask about the deposit requirements when you are searching for a short-term rental in Toronto.
Short term rentals are becoming an increasingly popular option for travelers. They offer a variety of benefits. For example, they are often more affordable, and they provide guests with more space and privacy. Additionally, they can be a great way to experience a new city or town.
In general, short-term rentals are considered to be anything less than 30 days. But there are some exceptions to this rule. For example, in some cases, a rental that is less than seven days may be considered a short-term rental.
Short-term rentals are a great option for people looking for a temporary place to stay. Short-term rental can provide you with all the amenities of home. Typically, rentals include everything from linens and toiletries to cable TV and Wi-Fi.

Conclusion

If you are looking for a short term rental in Toronto, these five properties are your best bet. Each offers a unique and comfortable experience, so be sure to choose the one that best suits your needs. And remember, if you have any questions, don’t hesitate to contact the property owner or manager. Thanks for reading!

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