Rentals in Financial District, Toronto

Downtown Yonge East

Borough: Toronto | Downtown's most diverse and transit-saturated rental market

Downtown Yonge East occupies the eastern half of downtown Toronto, roughly from Yonge Street east to Parliament Street and Church Street, between Dundas Street and the lake. It encompasses the Garden District, parts of Corktown, and the dense residential condo district around Jarvis and Sherbourne Streets.

Character and Vibe

This is a complex downtown neighbourhood — part student and young professional condo district, part long-standing social housing and supportive housing area along Sherbourne. The energy varies significantly by block. The eastern Dundas strip has undergone significant change with new condo development, while the quieter streets south of Carlton retain more of the neighbourhood's historic fabric. Regent Park — immediately to the east — has been substantially revitalized and adds a community dynamic that is ongoing. It is energetic, sometimes challenging, and always urban.

Transit

Thirteen rapid transit stations and 12 bus stops make Downtown Yonge East one of the most transit-connected addresses in the city. Lines 1 and 2 intersect at Dundas and Queen stations nearby, with streetcar access on Dundas, King, and Queen. Six universities serve the academic community here.

Amenities and Dining

Two hundred nine dining options, 24 grocery stores, 13 healthcare providers, 5 fitness studios, 17 nightlife venues, and 1 library create a full urban amenity stack. The diversity of food options is exceptional — this corridor has some of the most varied and affordable ethnic dining in the downtown core.

Parks and Green Space

Thirteen parks, including Allen Gardens (with its historic conservatory), Regent Park, and several smaller green spaces, provide meaningful outdoor space within the dense urban fabric.

Schools

One school within the strict boundary, but the neighbourhood is surrounded by schools and educational institutions in adjacent neighbourhoods.

Rental Market

With 279 listings — the second-highest count in this batch — supply is strong. Average rent is $2,545 and median is $2,400. The range ($159–$7,900) is enormous. Standard one-bedroom condos typically run $2,000–$2,700. The neighbourhood's lower end is pulled by older purpose-built rentals and room shares along the Sherbourne corridor.

Who It's Best For

Downtown Yonge East suits downtown professionals who want maximum transit access at below-Yonge-Bay Corridor pricing, students at the multiple universities nearby, and those who value dining diversity and urban energy. It is not the quietest or most polished downtown address, but it delivers exceptional value for the location.