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Short term rentals in Toronto
Discover the Best Short Term Rentals in Toronto: Tips and Trick in 2024

Discover the Best Short Term Rentals in Toronto: Tips and Trick in 2024

Have you got a new job in downtown Toronto? Want to stay in Toronto for your holidays? Or maybe you have been admitted for a short term course at the University of Toronto. Well, in any case, you will need to find an accommodation that matches your budget. Don’t get frustrated! Finding short term rentals in Toronto is easier than you think.

Due to the wide range of apartments available, you will definitely find the right choice – from studios and 1-bedroom apartments in Toronto to spacious penthouses with as many as 6 bedrooms and high-quality facilities.

6 Tips Before Renting Short Term Housing Toronto

Some people may get confused while searching for short term housing in Toronto. They may not know where to start and how to search for such rentals. With these tips, it will get much easier for you to find the perfect accommodation for your short stay in Toronto.  

1. Consider Your Budget

The first thing that can help you find a better rental in Toronto is to consider your budget. Short term rentals in Toronto come at different prices. So, you can easily find the perfect housing if you know how much your budget is. 

For example, studio apartments in Toronto are more affordable than 1-bedroom apartments. Furthermore, even studios in some neighborhoods are more cost-effective than in other districts. So, define your budget to discover where you should search for accommodation. 

2. Examine Your Options

Now that you know your budget, you can search different online rental platforms and create a list of the properties that are suitable for you. If you want to narrow down the list, consider the factors that are more valuable to you. For example, if the neighborhood is important, only search that area. Or if you have a pet, consider searching for pet-friendly short term rentals

3. Choose Between Furnished and Unfurnished Apartments

When searching for short term housing in Toronto, you can decide whether you want it to be furnished or unfurnished. There is no surprise that unfurnished apartments are cheaper than the furnished ones. They might be cost-effective options when you are going to stay more than a season. 

But for a shorter stay, it may get much higher because you need to buy necessary amenities for your stay, which is time-consuming if you are going to stay for only a few months. 

You can find furnished studio apartments in Toronto that are affordable and equipped with high-end amenities. 

4. Be Aware of Scams 

Apartment rental has a competitive market in Toronto. You should consider that you might face several scams. That’s why it is essential to search for reliable platforms and always visit in person. 

5. Determine Appropriate Lease Terms

You should know that lease terms might be different for each property. In some cases, they may only sign a contract for one year. If you are going to stay less than this period, be careful about lease terms. You can always find short term rentals in Toronto with flexible lease terms. Read more about Ontario standard lease.

6. Understand Your Rights 

Although you are renting accommodation for a short stay, you still have your rights. For example, you should know that your landlord shouldn’t increase the rent during your stay. They are not allowed to ask personal questions referring to your religion or background. Furthermore, they shouldn’t shut off vital services such as electricity and water. 

On the other hand, as a tenant, you should pay your rent on time and follow the apartment rules. For example, you may not be allowed to smoke in some places or have your pet in the house. Therefore, it is essential to ask about these things if you smoke or have a pet.

Short Term Rentals Toronto Available on Tirbnb

Several types of short term suites and houses are available on Tirbnb. Check out the following list:

Short Term Rentals Toronto : Studio Apartments

One of the best short term rentals in Toronto that have affordable prices is the studio apartments. They are properties that consist of only one space including a bedroom, living room, and kitchen. Although studio apartments seem small, they have all the necessary amenities one needs for short-term living.

Here is the list of top studios to rent in Toronto.

1. Luxury Furnished Studio Apartment in Downtown Toronto

Live in a studio apartment on the 50th floor of a skyscraper in the heart of the city.his luxury studio has a comfortable double bed placed beside the floor-to-ceiling window. Therefore, you will have a wonderful view of the city the first moment you open your eyes in the morning. 

A dining table, coffee maker, iron and its board, on-suite laundry, and garbage shoot are only a few amenities you will have inside this place. Therefore, in most cases, you won’t even need to get out of your room because you have everything you need.

Check out the prices and availability of this luxury studio apartment

If you wish to learn more about this cozy condo and rent it, click here.  

2. Skyscraper Core Biz District by Eaton Center 

The other affordable option you will have as a short-term rental in Toronto is this modern room on the 51st floor. Unlike most studio apartments that have a bed by the window, this studio has almost a private space for sleeping at night. Although it is not actually a bedroom, it has enough privacy for people who don’t like to see the bed next to the kitchen.

Located within walking distance to the Eaton shopping center, this studio is a great option for travelers who would like to go shopping.

Check out the price and availability of the room in this skyscraper.

short term rentals Toronto

3. Above the Clouds Studio Rental in Downtown Toronto 

This furnished short term housing in Toronto is located on the 55th floor in Temperance Street, with easy access to the subway station and public transportation. Furthermore, there are many high-end restaurants in this area, which give you a great chance to eat out. 

However, this studio has a kitchen with all the necessary equipment for cooking. So, you won’t have trouble cooking your own food. It also has a queen-size bed, stylish furniture, an iron and its board, and all other tools and amenities you may need for living. It is a well-equipped room for up to two guests. Check out the availability and price of this above the could studio rental.

Short Term Rentals Toronto: 1-Bedroom Apartments

If you are looking for more privacy and want to stay in short term housing in Toronto that is larger than studio apartments, 1-bedroom apartments will be your best choice. As the name indicates, unlike studio apartments, the 1-bedroom apartments are divided into two spaces: one for a bedroom and one for a kitchen and living room. 

Check out the following list:

1. Toronto 1-Bedroom Room Rental in Core Downtown

This particular luxury condo provides numerous facilities to its guests. It can host up to four people. Located on the 28th floor, this apartment provides an enjoyable view of downtown Toronto. Also, the condo has one bedroom with a queen-sized bed. Furthermore, the sofa in the living room can turn into a soft and comfortable bed. Moreover, the good news for sports lovers is that this condo is in the vicinity of some famous sportive attractions such as Rogers Center and BMO Stadium. If you want to know more about this property, see here.

2. Premium 1 Bedroom for Rent in Core Entertainment Downtown Toronto

Located at 290 Adelaide Street, this one-bedroom apartment is a perfect choice for those who want to stay in a hotel-style short term rentals Toronto. All guests will have access to the state-of-the-art fitness studio located on the 8th floor. 

Moreover, here, you will find a gym, an indoor bike studio, a massage room, a steam room, and all other fitness equipment. During the summer, guests will have access to private cabins, an infinity pool, and an outdoor hot tub. So, if this apartment meets your needs, get more information on this page.

3. Luxury 1-Bedroom Suite in the Business District

Located on the 50th floor of a skyscraper in the Business District, this suite is only 10 minutes from CN Tower, the city’s landmark. You can find many restaurants and bars around this apartment and also enjoy shopping at Eaton Center, which is within walking distance of this place.

Forget about 5-star hotels; this luxury 1-bedroom rental can beat Hilton and Trump hotels with high-quality facilities and cost-effective prices. Furthermore, it has a queen-size bed and a sofa bed. Therefore, it has enough space for up to four guests.

Check out the availability and the price of this luxury condo in Business District.

Short Term Rentals Toronto: Penthouses

If you are on a family trip, renting a more spacious place will be better. The good news is that most of the penthouses on Tirbnb are weekly rentals in Toronto. So, you won’t have trouble finding luxury short term rentals in Toronto for your famiy.  

Here are some of the best options you have. 

1. A Gorgeous Penthouse in DownTown Toronto

Dreaming about a memorable holiday with your family in Toronto? How about a three-bedroom penthouse in the Entertainment District, City Place? Sounds great, right? This gorgeous apartment comes with many excellent features that make it unique. What’s better than having a perfect view of Toronto Lake in all three rooms? Also, with one streetcar, you can reach Union Station (The center for the transit lines of Toronto and the surrounding areas). 

Moreover, as you are away from the bustle of the central city, staying in this luxury hotel-style condo will bring you a relaxing and calming moment. If you are interested in this place, rent this property through this link.

2. Modern Lakeview Apartment by Union Street in Toronto

Just walk a few steps to the east from the entrance to the building, and now you’re on the Underground PATH, which takes you to Dundas Square and Eaton Centre, among a thousand shops and restaurants all underground to downtown Toronto. 

Paid parking is next door, and I’ll be able to rent a parking spot in the building for sure if you let me know a day before your arrival. There is 1 bedroom with a queen-size bed. The living room has a comfortable sofa for a single person. Also, look here for more information.

Why Are Tirbnb Condos Your Best Choice?

Tirbnb condos can be a perfect option for travelers visiting Toronto for several reasons. First, Tirbnb offers a wide range of condo options located in some of the city’s most popular neighborhoods, including the downtown core and trendy areas like Queen West and King West. This allows travelers to choose a location that is convenient and close to the attractions and amenities they are most interested in.

Additionally, Tirbnb condos often offer more space, privacy, and amenities than traditional hotel rooms, which can be especially appealing for families or groups traveling together. Condos typically come equipped with a full kitchen, living room, and multiple bedrooms and bathrooms, providing guests with the comfort and convenience of a home away from home.

Another advantage of Tirbnb condos is the flexibility they offer in terms of check-in and check-out times, monthly short term rentals as well as the ability to customize your stay to meet your individual needs. Hosts are often more flexible than hotel staff in terms of accommodating special requests, such as early check-ins or late check-outs.

Finally, Tirbnb condos can also be a more affordable option than hotels, especially for longer stays or larger groups. With the ability to cook meals at home and the inclusion of amenities like laundry facilities, guests can save money on dining out and other expenses.

Bottom Line 

There is a wide range of short term rentals in Toronto for visitors and locals alike. From cozy apartments to luxurious condos, there is something for every budget and preference. With convenient locations and top-notch amenities, these rentals provide a comfortable and convenient atmosphere for people who are away from home for a short term living in Toronto.


What Are the Most Sought-After Areas for Short Term Rentals in Toronto?

The most sought-after areas for short term rentals in Toronto are typically the downtown core, as well as trendy neighborhoods such as Queen West and King West. These areas offer easy access to top attractions, restaurants, and nightlife, making them popular choices for travelers.

How Do the Prices of Short Term Rentals in Toronto Compare to Those of Hotels and Other Lodging Options?

Short term rental prices in Toronto can vary widely depending on the location, size, and amenities of the rental. In general, short term rentals can be more affordable than hotels, especially for longer stays or larger groups. However, prices can also be higher than other lodging options, such as hostels or budget hotels.

What Are the Key Factors to Consider When Selecting a Short Term Rental in Toronto

When selecting a short term rental in Toronto, it’s important to consider factors such as location, price, size, and amenities. Other factors to consider may include the reputation of the rental host or management company, as well as guest reviews and ratings.

What Are the Legal Prerequisites for Running a Short Term Rental in Toronto? 

The legal prerequisites for running a short term rental in Toronto include obtaining a license from the city, following local bylaws and regulations, and collecting and remitting any applicable taxes.

What Steps Can I Take to Ensure My Safety and the Safety of My Belongings When Staying in a Short Term Rental in Toronto

It is recommended to research the rental host or management company, and read guest reviews and ratings. Additionally, guests should take basic safety precautions such as locking doors and windows, not sharing personal information with strangers, and being aware of their surroundings.

When Is the Best Time to Start Looking for Short Term Rentals Toronto?

You may need to check out several apartment options. Therefore, it is better to check apartment rental websites in Toronto to get familiar with the prices and neighborhoods before traveling to this city. Therefore, it might be better if you start your research at least one month before you go to Toronto. You can contact the landlords and ask questions online. 

It should be noted that finding a rental in Toronto may get harder in summer due to being a popular destination for travelers. Therefore, it would be better if you rent your short term accommodation in Toronto before this busy season.

If you are ready to search for your new home in Toronto, Tirbnb has great options for you. 

What Amenities Are Typically Offered in Short Term Rentals in Toronto?

The most common amenities offered in short term rentals in Toronto include Wi-Fi, cable TV, fully equipped kitchens, and laundry facilities. Other amenities that may be available include parking, fitness centers, and swimming pools, among others. The specific amenities offered can vary depending on the rental property.

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