Top 5 Condos to Rent in Vaughan Metropolitan Centre (2027)

By Jatin Dua · Broker of Record, RE/MAX Quantum Realty · Updated 2 November 2026 · 11 min read — My five picks for renting a condo in Vaughan Metropolitan Centre in 2027, with real Vaughan lease data and the rent-control rules for new towers.

This guide is for renters looking at a condo in Vaughan Metropolitan Centre (the VMC) for 2027, whether you are a student, a subway commuter or someone moving up from a basement suite. You get my five picks, what a VMC condo actually leases for, how rent increases work in these new towers, and what to check before you sign.

How did I choose the best VMC condos to rent?

I only looked at finished towers that tenants live in today. No pre-construction. Then I weighed five things a renter can check for themselves:

• Walk to transit. The VMC is built around a TTC subway station and a regional bus terminal. All five picks sit inside the VMC, so you can live here without a car.
• Choice. Big buildings have more suites for rent at any time, which gives you more room to compare and negotiate.
• Amenities. A gym, pool or co-working room you can use every day is worth real money when you live in 500 to 700 sq ft.
• What the condo fee covers. If water is included in the owner’s fee, it is usually one less bill for you. Ask the landlord which utilities you pay.
• Rent rules. The year a building was first lived in decides whether the provincial rent cap applies.

Building facts come from the City of Vaughan’s VMC website (myvmc.ca), the builders’ own pages and building-data website pages, checked on 10 November 2026. I do not quote rents for single suites, because floor, view, parking and furniture change the number. The order is my judgement, not an official ranking.

How much does it cost to rent a condo in Vaughan Metropolitan Centre?

TRREB does not report the VMC on its own, so Vaughan’s city-wide figures are the closest official numbers. They mix the new VMC towers with older buildings elsewhere in the city, so treat them as a guide, not a quote.

Source: TRREB Rental Market Report, Q2 2026 (average lease rates for condominium apartments, City of Vaughan). The three-bedroom figure rests on only nine leases.

Two things stand out. First, Vaughan rents sat below both the York Region and GTA averages for every size. Second, 1,389 Vaughan condo apartments were listed for rent in the quarter and 1,008 were leased, so there were more units than takers. Across the GTA, TRREB reported one-bedroom rents down 2.3% from a year earlier and two-bedrooms down 1.7%. TRREB’s third-quarter report was not posted when I checked on 10 November 2026, so Q2 is the latest.

For more on houses, townhouses and basements, see my full guide to average rent in Vaughan for 2027.

1. Transit City 1, 2 and 3, Portage Parkway

What it is like

The City of Vaughan describes Transit City as the first homes built in SmartCentres’ 100-acre SmartVMC community, with three 55-storey towers in its first phase, by CentreCourt and SmartCentres. Transit City 3 at 950 Portage Parkway registered in April 2021 and has 631 suites, according to a building-data website. Listed amenities there include a concierge, security guard and gym.

Who it suits

Students and commuters who want to live right in the middle of SmartVMC, close to the station, and do not need much space. Suites at Transit City 3 range from about 363 to 1,337 sq ft.

What it costs

Expect to be close to Vaughan’s one-bedroom average of $2,130, give or take for floor, view and parking. A building-data website lists common elements, building insurance and water in the Transit City 3 fee, so ask whether hydro is separate.

What to check

With three large towers side by side, the same layout is often listed by several owners at once. Compare two or three before you apply. Ask if a parking spot and locker come with the suite or cost extra.

My building guide to Transit City 1 and 2 covers the twin towers in more detail.

2. Transit City 4 and 5, Millway Avenue and Jane Street

What it is like

The City’s VMC site describes a 45- and a 50-storey pair on Portage Parkway between Millway Avenue and Jane Street, steps from the VMC subway station and regional bus terminal. It lists about 20,000 sq ft of amenity space, including green roofs and terraces, a training club, a rooftop pool with cabanas and a co-working space, plus a one-acre park at the base. A building-data website shows Transit City 4 at 175 Millway Avenue and 1000 Portage Parkway, built in 2023, with 500 suites.

Who it suits

Renters who work from home part of the week and want a co-working room downstairs, and anyone who will actually use a rooftop pool in summer.

What it costs

Suites at Transit City 4 run from about 478 to 699 sq ft, so this is mainly one-bedroom and small two-bedroom territory. Use the Vaughan averages above as your guide and expect newer finishes to price toward the top of the range.

What to check

This is a newer building, so it is not under the 1.9% rent cap. Ask the landlord what they plan to charge in year two. My Transit City 4 and 5 guide has more on the towers.

3. Festival, Commerce Street and Interchange Way

What it is like

Festival is a four-tower community by Menkes and QuadReal in South VMC, near Highway 7 and Jane Street. Menkes lists more than 70,000 sq ft of indoor and outdoor amenities, including a pool, a fitness centre with a spin room, a rooftop terrace with an outdoor theatre, a pet spa, a music room and two party rooms. A building-data website shows the address group at 195 to 225 Commerce Street and 8 Interchange Way registered in August 2025, with 1,328 suites in towers up to 59 storeys.

Who it suits

Renters who want the newest building and the biggest amenity package in the VMC. Menkes says the subway gets you to Union Station in about 45 minutes and York University in about 10, though your own trip will vary.

What it costs

Suites at that address group run from about 450 to 901 sq ft. In my experience, when this many new suites finish at once, some landlords become open to a small discount or a free month. A building-data website showed 35 suites for rent there when I checked.

What to check

A brand-new building can still have unfinished work in common areas. Ask which amenities are open now, not just which are planned. More in my Festival condos guide.

4. Nord East and West at Expo City, Highway 7

What it is like

Nord East and West are the third and fourth towers of Cortel Group’s Expo City, which the City of Vaughan places at the eastern gateway to the VMC. A building-data website lists 861 suites at 2908 Highway 7, registered in December 2020, with a concierge, guest suites, indoor pool, gym, pet spa, rec room and party room.

Who it suits

Couples, small families and pet owners. Suites run from about 543 to 2,200 sq ft, the widest range of any building on this list, so it is a good place to look for a larger two-bedroom.

What it costs

For a two-bedroom, start from Vaughan’s average of $2,666 and adjust for size and parking. A building-data website lists water in the condo fee here, which helps keep your own bills down.

What to check

Larger suites can come with a higher ask. Measure the rooms against your furniture, and confirm the pet rules for the building before you sign.

5. The Met, 7895 Jane Street

What it is like

The Met is a 35-storey tower by Plaza and Berkley on Jane Street, which the City of Vaughan describes as next to Edgeley Pond and Park. A building-data website shows it registered in September 2020, with 572 suites and a concierge, gym and party room.

Who it suits

Renters who want a park next door as well as city convenience. Suites run from about 510 to 1,327 sq ft, so both one- and two-bedroom layouts come up.

What it costs

Expect Vaughan’s one- and two-bedroom averages to be a fair starting point. A building-data website showed 17 suites for rent here when I checked, so you have options to compare inside one building.

What to check

Ask what is included in the rent: parking, locker, internet and hydro. Two suites at the same price can cost very different amounts once you add those up.

How do these five VMC condos compare?

Source: building-data website pages, checked 10 November 2026. Listing counts are a snapshot for the address shown and change daily.

If you want the shortest walk to the train, start with Transit City. If you want the most amenities, start with Festival. If you need space, look at Nord first. For a full tour of every finished tower, read my Vaughan Metropolitan Centre condo buildings guide.

Is a new VMC condo rent-controlled in 2027?

Usually not. Ontario’s rent increase guideline for 2027 is 1.9%, but it does not apply to units first occupied for residential purposes after 15 November 2018. Every building in the comparison table above was registered or built in 2020 or later, so the cap will not protect you there. If you look at an older suite elsewhere in Vaughan, ask the landlord when it was first occupied.

What still protects you: the landlord can raise the rent only once every 12 months, and must give you at least 90 days’ written notice on the proper Landlord and Tenant Board form. On a $2,130 one-bedroom in an older, capped unit, 1.9% would be about $40 a month. In a new VMC tower there is no fixed limit.

Should you rent or buy in the VMC in 2027?

Vaughan condo prices fell in 2026. The median condo apartment in the city sold for $530,000 from January to October 2026, down 10.9% from the same months of 2025, and took 42 days on average to sell (TRREB MLS data via REALM). That is city-wide, not VMC-only.

At Vaughan’s Q2 2026 two-bedroom average of $2,666 a month, a year of rent is about $31,992, or roughly 6% of that median price (my arithmetic). Owning brings mortgage interest, condo fees and property tax on top of the price, so renting is often cheaper month to month. Buying builds equity over time. If you are weighing it, my rent or buy guide for 2027 runs the full monthly numbers.

What to do next

1. Set your budget. I suggest keeping rent near 30% of your gross household income.
2. Shortlist two of the five buildings above based on your commute and the space you need.
3. Compare at least three suites, and write down exactly what each rent includes: parking, locker, hydro, water and internet.
4. Ask each landlord when the unit was first occupied and what they plan to charge in year two.
5. Sign on Ontario’s standard lease and keep a copy of every page.

Frequently asked questions

Sources

• TRREB Rental Market Report, Q2 2026
• Government of Ontario: Rent increase guideline
• City of Vaughan, myvmc.ca: Developments in the VMC
• City of Vaughan, myvmc.ca: Transit City 1-3 by CentreCourt and SmartCentres
• A building-data website: Transit City Condos 3, 950 Portage Pkwy
• City of Vaughan, myvmc.ca: Transit City 4 and 5
• A building-data website: Transit City 4, 175 Millway Ave and 1000 Portage Pkwy
• Menkes: Festival Condos, South VMC
• A building-data website: Festival Condos, 195-225 Commerce St and 8 Interchange Way
• A building-data website: Nord West and East, 2908-2916 Hwy 7
• A building-data website: The Met Condos, 7895 Jane St

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