Ontario legislators have raised the monthly rent allowance for MP's in Toronto to $2300 a month. The MPPs said the 20 per cent increase was necessary due to Toronto's sky-high rental rates. But with the average cost of rent in Toronto set closer to $2,055, we can't help but wonder what $2,300 really looks like in Toronto's rental market.

READ: Legislators Increase Rental Allowance To Account For Toronto Prices

We decided to follow up on last week's news by gathering some noteworthy apartments currently available in the market. Wonder no more, this is what you'll find in Toronto for $2,300 or less.

1. 35 Walmer Road

F7a0a935 265b 4ab5 87c8 0e383aff1d9c (All Photos Courtesy of Gottarent.com)

Bedrooms: Junior 1 BedroomBathrooms: 1Stand Out Features: Electricity, Water, Heat all includedRent: $2,217 a month

E78cf404 05ae 47ce 986c 13d7e319aaec

This high rise is especially interesting because of its inclusive hydro plan. Rental units with that perk included are few and far between in Toronto and they help keep monthly costs predictable.

Fcadc392 6f98 4a0e bc9f dd311f460c71

The building also offers a gym, underground parking, and it's right next to Spadina subway station. The real selling feature for this unit, however, is its location, set right in the heart of the bustling Annex.

READ: This Is The Average Cost Of Rent In 10 Cities Across Canada

2. 191 & 201 Sherbourne Street

1 1

Bedrooms: 2Bathrooms: 1Stand Out Features: Free storage locker for 3 monthsRent: $2,199

4

This unit is a beautifully renovated apartment with two smaller bedrooms and a spotless kitchen. It comes with a large balcony, on-site gym, and indoor pool for a host of amenities.9

The building is steps from Toronto General Hospital, both Universities and the Eaton Centre.

3. 4000 Yonge Street

3 1

Bedrooms: 2 BedroomsBathrooms: 1Stand Out Features: Some suites include a large ensuite storage area.Rent: $2,300

Built in historic Hogg's Hollow in Toronto, this north end suite is remarkable for its natural surroundings.

Img 0023

It has been newly renovated to include granite countertops, gleaming floors, and stainless steel finishes. For those looking for a more peaceful Toronto home, this is the perfect rental.

4. 515 Rosewell Avenue

E693e192 b100 48a5 b0a0 5e58e0f7782c 1

Bedrooms: 1 BedroomBathrooms: 1Stand Out Features: Cable and internet IncludedRent: $2,300

F0b5df75 4d6c 4e29 ba64 824b3b55bea8

These large spacious suites come either furnished or unfurnished. And they all come with large windows, modern design touches, and stainless steel appliances.

6c9d0bcd 6146 48f7 a490 61482a82c063

Situated by Avenue and Lawrence, these units are in the heart of Forest Hill, and have the glam to prove it. The open concept, top of the line amenities, and reasonable rent make these units a top pick in Toronto's competitive market.

READ: 5 Affordable Toronto Condos That Are Available Right Now

5. 2837 Yonge Street

4553fec9 8bdb 4903 94d9 638c6ac6a6dd

Bedrooms: 1 BedroomBathrooms: 1Stand Out Features: Includes renters insuranceRent: $2,260

E2100386 5cb9 4bfc bbfd 9392f377d940

This apartment building might seem unassuming from the outside, but inside, the freshly renovated suites are top of the line in modern luxury and finishes. From stainless steel appliances to the unique designs, these units are well priced at $2,260 a month.

1ed785c7 09da 4792 8d0d 5402031aef7e

Available furnished or non-furnished, the units all have lots of natural light, strategic layouts, and new hardwood floors.

Community