Published 22 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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The best condo buildings to rent in Yonge and Sheppard are Hullmark Centre, Emerald Park, Pearl Place, Minto Gardens and Manhattan Place. Condo apartments leased through TRREB’s MLS® System in district C14 averaged $2,273 a month for a one-bedroom and $2,954 for a two-bedroom in Q2 2026.
Pick on transit, suite size and what the rent includes — not on the lobby.
The five at a glance
| # | Building | Address | Built | Why renters like it |
|---|---|---|---|---|
| 1 | Hullmark Centre | 2 Anndale Dr (sister tower at 5 Sheppard Ave E), at 4789 Yonge St | 2014 | The most transit-convenient address in the area, with groceries and two subway lines downstairs |
| 2 | Emerald Park | 9 & 11 Bogert Ave | 2015 | A large, amenity-rich pair of towers right at the station with a deep rental supply |
| 3 | Pearl Place | 4955 Yonge St & 19 Hollywood Ave | 2024 | The newest-stock option near the interchange for renters who want brand-new finishes |
| 4 | Minto Gardens | 33 Sheppard Ave E (with Spring at Minto Gardens, 23 Sheppard Ave E) | 2004 | A well-established value alternative a short walk from the station, with a full amenity package |
| 5 | Manhattan Place | 131 Beecroft Rd | 1982 | The larger-layout pick for renters who prioritise square footage near the subway |
How I chose them: I looked at Yonge and Sheppard the way a tenant should — how quickly you reach transit, what the building actually offers day to day, suite sizes, building age and condition, and how many units come up for lease so you have choice. This is my own shortlist, not a paid or third-party ranking, and every building fact below is linked to a source at the end.
What renting a condo in Yonge and Sheppard costs right now
| Q2 2026, condo apartments | Avg 1-bed | Avg 2-bed | Units leased |
|---|---|---|---|
| TRREB district C14 | $2,273 | $2,954 | 738 |
| TRREB district C07 | $2,232 | $2,902 | 408 |
| City of Toronto | $2,316 | $3,154 | 15,388 |
| Whole GTA (TRREB area) | $2,273 | $3,013 | 21,251 |
Source: TRREB Rental Market Report, Q2 2026. District C14 is the TRREB reporting area that covers Yonge and Sheppard; it is wider than the neighbourhood itself, so treat these as a guide rather than a quote for any one building.
Across the GTA, average condo rents were still below a year earlier in Q2 2026 — one-bedrooms down 2.3% and two-bedrooms down 1.7% — with 27,844 units listed for rent against 21,251 leased. TRREB says conditions still favour renters, which means there is usually room to negotiate on start date, parking or a longer term.
The top 5 condo buildings to rent in Yonge and Sheppard
Hullmark Centre
2 Anndale Dr (sister tower at 5 Sheppard Ave E), at 4789 Yonge St
Completed 2014 · 35 storeys · about 347 suites · Developer: Tridel and Hullmark
Getting around: Directly above/connected to Sheppard-Yonge station (Lines 1 and 4).
What the building offers: Indoor pool; gym; rooftop deck; concierge; media room; sauna.
What renters should know:
- Mixed-use complex with office podium and a large grocery store with subway access at its base.
- Newer Tridel building, so expect formal move-in booking rules and elevator reservations.
Why it makes the list: The most transit-convenient address in the area, with groceries and two subway lines downstairs.
Emerald Park
9 & 11 Bogert Ave
Completed 2015 · 40 storeys · about 573 suites · Developer: Plaza, Bazis and Metropia
Getting around: Steps from Sheppard-Yonge station (Lines 1 and 4).
What the building offers: Indoor pool; gym; yoga studio; rooftop deck; party room; concierge.
What renters should know:
- Two towers mostly of 1-bed, 1+den and 2+den suites (roughly 500-1,000 sq ft), so supply skews to singles and couples.
- Maintenance fees cover heat, A/C and water, but hydro is typically separate – confirm in the lease.
Why it makes the list: A large, amenity-rich pair of towers right at the station with a deep rental supply.
Pearl Place
4955 Yonge St & 19 Hollywood Ave
Completed 2024 · 34 storeys · about 478 suites · Developer: The Conservatory Group
Getting around: Short walk north of Sheppard-Yonge station along Yonge.
What the building offers: Indoor pool; gym; sauna; media room; party room; guest suites.
What renters should know:
- Newly registered (2024) building: modern finishes, but expect ongoing deficiency work and strict move-in bookings typical of new condos.
- Suites are compact (about 480-1,050 sq ft), mostly 1- and 2-bedroom.
Why it makes the list: The newest-stock option near the interchange for renters who want brand-new finishes.
Minto Gardens
33 Sheppard Ave E (with Spring at Minto Gardens, 23 Sheppard Ave E)
Completed 2004 · 34 storeys · about 377 suites · Developer: Minto
Getting around: A few minutes' walk east of Sheppard-Yonge station; Sheppard East buses at the door.
What the building offers: Swimming pool; gym; sauna; concierge; party room; meeting room.
What renters should know:
- Mid-2000s tower with a wide range of suite sizes (about 370-1,400 sq ft), from studios to larger 2-bedrooms.
- Condo fees are reported to include heat and A/C; hydro arrangements vary by unit.
Why it makes the list: A well-established value alternative a short walk from the station, with a full amenity package.
Manhattan Place
131 Beecroft Rd
Completed 1982 · 23 storeys · about 227 suites · Developer: Cam-Nest Developments
Getting around: Near Yonge & Upper Madison; walkable to Sheppard-Yonge station (roughly 10 minutes), buses on Yonge.
What the building offers: Pool; gym; sauna; squash court.
What renters should know:
- Older building; maintenance Condo fees are reported to include utilities (incl. hydro), so landlords often rent with utilities included.
- Large older suites (roughly 1,200-1,800 sq ft) suit families or sharers who want space over new finishes.
- 1980s building: older mechanicals and interiors vary widely by unit – inspect before signing.
Why it makes the list: The larger-layout pick for renters who prioritise square footage near the subway.
Want me to find you a unit in Yonge and Sheppard?
Looking to rent in Yonge and Sheppard?
Tell me your budget, move-in date and must-haves. I will send you what is actually available in these buildings, before it gets picked over.
I will come back to you personally, usually the same day. If it is urgent, call or text 833-330-1925.
Living in Yonge and Sheppard as a renter
North York's southern high-rise node, clustered around the Line 1/Line 4 interchange. Mostly 2000s-2020s glass towers with a few older 1980s buildings offering larger suites; heavily commuter- and student-oriented.
| Yonge and Sheppard in brief | |
|---|---|
| Where it is | Roughly Yonge St between Highway 401 and Hollywood/Park Home Ave, reaching west toward Beecroft Rd and east toward Bayview's edge along Sheppard Ave E (Bales/Avondale/Harrison Garden). |
| Transit | Sheppard-Yonge station is the interchange of Line 1 Yonge-University and Line 4 Sheppard; Yonge and Sheppard East buses (incl. overnight Yonge service). Highway 401 ramps at Yonge are immediately south. |
| Everyday life | Large grocery store with subway access in the Hullmark Centre base; Sheppard Centre retail at the northeast corner; Yonge Street restaurant strip (many Korean, Japanese and Persian eateries) running north toward Empress Walk; Avondale Park and the Don River ravine trails to the east. |
| Official City neighbourhood | Yonge-Doris (formerly part of Willowdale East) east of Yonge; Lansing-Westgate west/south-west of Yonge |
Things renters in Yonge and Sheppard should know
- Two subway lines at one station makes this one of the most transit-rich condo nodes outside downtown; units closest to the station command the strongest demand.
- Highway 401 runs just south of Sheppard: lower south-facing suites near the 401 and Yonge ramps can be noisy.
- Several new towers near the station (e.g. Pearl Place, 2024) add fresh supply; newer buildings typically have stricter elevator-booking and move-in rules.
Before you sign a condo lease
- Use the Ontario Standard Lease. Landlords of most private rental units, condos included, must use the province’s standard lease template for new leases.
- Deposits are capped. A landlord can ask for a rent deposit of no more than one month’s rent, and it must go toward your last month. Damage deposits are not allowed; a key or fob deposit must be refundable. See Ontario rental deposit rules.
- Check the rent-control date. The annual guideline (2.1% for 2026, 1.9% for 2027) does not apply to units first occupied as residences after 15 November 2018. Ask when the building was first occupied — in newer towers your increases are negotiable, not capped.
- Get utilities in writing. Newer towers usually meter hydro separately; many older buildings include it in the condo fee. It can be a real monthly difference.
- Read the condo rules. Tenants must follow the corporation’s declaration and rules — pets, move-in bookings, elevator deposits and short-term rental bans all live there.
The takeaway
In Yonge and Sheppard, Hullmark Centre and Emerald Park are where I would start, but the right building depends on your commute and whether you want amenities or square footage. Compare the all-in monthly cost — rent, hydro, parking, locker — not the headline rent, and remember that in Q2 2026 renters, not landlords, had the upper hand across the GTA.
Frequently asked questions
What are the best condo buildings to rent in Yonge and Sheppard?
My top five for renters are Hullmark Centre, Emerald Park, Pearl Place, Minto Gardens and Manhattan Place, chosen for transit access, amenities, suite sizes, building condition and rental supply.
How much does it cost to rent a condo in Yonge and Sheppard?
In Q2 2026, condo apartments leased in TRREB district C14, which covers Yonge and Sheppard, averaged $2,273 a month for a one-bedroom and $2,954 for a two-bedroom. The City of Toronto averages were $2,316 and $3,154.
Which condo in Yonge and Sheppard is best for transit?
Hullmark Centre at 2 Anndale Dr (sister tower at 5 Sheppard Ave E), at 4789 Yonge St: directly above/connected to Sheppard-Yonge station (Lines 1 and 4).
Are older or newer condos better to rent in Yonge and Sheppard?
Newer towers offer more amenities and modern finishes but smaller suites, separately metered hydro and no rent-control guideline if first occupied after 15 November 2018. Older buildings usually have larger layouts and often include utilities in the rent.
Is rent control in effect for condo rentals in Toronto?
Yes for units first occupied as residences on or before 15 November 2018, where increases are limited to the provincial guideline (2.1% in 2026 and 1.9% in 2027) once every 12 months. Units first occupied after that date are exempt from the guideline.
Do I pay a realtor to help me rent a condo?
On most MLS condo leases in the GTA the landlord pays the brokerage commission, but always confirm in writing before signing any agreement. I can search these buildings and review the lease with you.
Sources
- TRREB Rental Market Report, Q2 2026 — condominium apartment rents by district — accessed September 2026.
- Government of Ontario — residential rent increases and the rent increase guideline — accessed September 2026.
- Hullmark Centre — building facts — accessed September 2026.
- Hullmark Centre — building facts — accessed September 2026.
- Emerald Park — building facts — accessed September 2026.
- Emerald Park — building facts — accessed September 2026.
- Pearl Place — building facts — accessed September 2026.
- Pearl Place — building facts — accessed September 2026.
- Minto Gardens — building facts — accessed September 2026.
- Minto Gardens — building facts — accessed September 2026.
- Manhattan Place — building facts — accessed September 2026.
- Yonge and Sheppard — neighbourhood and transit facts — accessed September 2026.
- Yonge and Sheppard — neighbourhood and transit facts — accessed September 2026.
Related reading
- Best Real Estate Agent in Willowdale and North York Centre: An Honest Way to Decide
- Top 5 condos to rent in North York Centre
- Top 5 condos to rent in Yonge and Finch
- Top 5 condos to rent in Bayview Village
- Top 5 condos to rent in every Toronto neighbourhood
- How much rent can a landlord charge in Toronto?
- Renting now, buying later: a realistic timeline
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Etobicoke. I help tenants, landlords, buyers and sellers across Toronto and the GTA. Four-plus years of active GTA transactions and over $100 million in sales volume. Rent figures here come from TRREB’s published rental report and tenancy rules from the Government of Ontario, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.