Toronto’s Finest — 10 Best Neighborhoods to Live In

You’ve probably heard the buzz — Toronto is basically a city within a park. Although we must admit, we might need more squirrels to confirm that theory.

As seasoned experts in the roommate-finding game across Toronto, we’ve got our ears to the ground when it comes to all things about this beloved city. Whether you’re soaking up that corporate intern vibe in the heart of the Downtown Financial District or indulging in some of the city’s finest cuisine Uptown — we’re here with the inside scoop on the top-notch neighborhoods that make Toronto tick.

From the walkability factor to rent rates, from entertainment hotspots to job prospects, we’re about to spill all the beans on Toronto’s best neighborhoods. So buckle up — you’re in for a whirlwind tour of the city’s finest.

1. City Centre — Downtown

Downtown Toronto — the ultimate dream locale for every young adult. With a vibrant NYC-like buzz, business hours that stretch into the night, and top-notch eateries, it’s basically one big endless party! No surprise that a whopping 72% of Diggz users have their eyes set on this Toronto area.

From iconic tourist attractions like the CN Tower and Rogers Centre in the Entertainment District to the thriving LGBTQ hub at Church-Wellesley Village, Downtown is a fusion of experiences. And don’t forget to catch Canada’s beloved hockey team, the Maple Leaves, at Scotiabank Arena in South Core downtown.

For those aiming to scale the corporate ladder, the Financial District is their go-to. It’s a haven for young professionals with aspirations to work for corporate giants like the Royal Bank of Canada, Brookfield Asset Management, and Bank of Montreal, to name a few. If skyscrapers are your backdrop to success, consider your dream within reach.

But here’s the kicker — this high-demand neighborhood comes with a price tag. While costs vary across Downtown neighborhoods, there’s something for every budget. For a 2-bedroom apartment, be prepared to set aside anywhere between $1,757 and $6,295. It’s an investment in a lifestyle that’s second to none.

2. Midtown

Toronto’s Midtown has some bougie-rich neighborhoods in store. Feel like soaking in some history? Queen’s Park boasts its share of historical gems. Ready for designer finds? Yorkville’s Mink Mile has got you covered. From Chanel to Hermes, this affluent neighborhood has some top-tier stores.

Let’s talk food — Koreatown takes the crown. Dive into K-food heaven with sizzling bulgogi at Mapo Korean BBQ, or satisfy your sweet tooth with treats from Hodo Kwaja. It’s a foodie’s world right there!

Now, for the student buzz. Midtown’s Annex is home to the University of Toronto, attracting a bustling college crowd — Find your U of T off-campus roommates and housing with Diggz. Here you can find lots of pubs and eateries catered to students’ budgets. Visit Future Bistro for wallet-friendly comfort food, or head over to Thunderstruck Books for your comic fix. It’s where all the students hang out!

This historic neighborhood, dating back to the 1880s, showcases structures that have stood the test of time. It is connected to three main subway stations including, Spadina, St. George, and Bathurst.

With its blend of vibrant neighborhoods, great public transport, and proximity to the university, Midtown is a catch. You could even consider it one of the best areas for young adults in Toronto. Naturally, this comes with a price tag. Rent for a 2-bedroom apartment averages between $1,800 and $5,900, depending on the area. But hey, for such a prime spot in the city, the experience might just be priceless.

3. Waterfront

This district was the heart of Canada’s shipping industry, and though that waned over time, the area’s evolution never stopped. Even today, ambitious developments like Quayside continue to reshape its landscape.

George Brown College is also making expansions here, making education a major player in the Waterfront story. And don’t miss Love Park, a cozy haven for some good ol’ recreation.

In terms of housing, most of them are condominiums and a few townhouses. Now, let’s talk numbers — a 2-bedroom apartment might set you back around $3,800, a bit hefty. However, Diggz offers an easy way out, with many of our users seeking roommates or renting out rooms, particularly in the local favorite — The Quay.

For nature enthusiasts, Waterfront doesn’t disappoint. The Martin Goodman Trail weaves through, catering to cyclists, runners, and hikers, providing a breath of fresh air amidst the urbanity.

A notable 33% of Waterfront’s residents are aged 20 to 29, meaning if you’re eyeing this neighborhood, finding like-minded companions should be a piece of cake!

4. Old Town

The Old Town of Toronto earned its name for the simplest reason — it’s old. As one of the city’s earliest designated districts, it wears its historical badge proudly. This area is a treasure trove, home to Toronto classics like the adored Cabbagetown — once touted as holding the most extensive collection of preserved Victorian homes in all of North America. Talk about a time capsule!

But this isn’t just a living museum. Old Town embraced modernity with open arms, becoming a hub for art, cool vibes, and yes, the delightful Riverdale Farm. And let’s not forget the legendary St. Lawrence food market, a paradise for foodies.

Parks? You bet. Old Town boasts some of the finest community green spaces. And guess what? George Brown College calls this area home as well. With all this goodness, it’s no wonder around 60% of Diggz users are setting their sights on the historical treasure chest that is Old Town.

5. High Park

This affluent neighborhood is a zen haven compared to the downtown hustle — think of it as a peaceful escape within the city’s heart.

Now, let’s talk about the main show — the world-renowned High Park itself. With its outdoor pools, diverse birdlife, and epic hiking trails, it’s more than just a park — it’s a destination in its own right. Don’t be surprised if you find yourself wandering (maybe even lost) in its expansive beauty.

Plus, a stone’s throw away is Bloor West Village, famed for its top-notch dining scene. From gastronomic delights to cultural experiences, it’s got something for everyone.

Yes, the High Park area is a bit of a splurge. The average 2-bedroom apartment might hit you between $1,450 and $4,476. But here’s the kicker — Diggz is here to save the day. Whether it’s rooms for rent or a roommate to split costs, there’s a silver lining in every price tag. So, dive into High Park, where city buzz meets peaceful living.

6. Uptown

Midtown and Uptown neighborhoods often overlap. Now, to save us all from the confusion, here are a couple of Uptown hotspots that stand out: Davisville Village, Yonge & Eglinton, and the vibrant Little Jamaica — just to name-drop a few.

Davisville is a popular choice for young professionals and college students from Greenwood College. And the public transit system is so great it’s practically at your doorstep! Serving Line 1, the Davisville subway station provides a seamless link to Toronto’s key areas. On top of that, it also happens to be one of the cheaper neighborhoods of Toronto — and trust us, you don’t find that too often!

Yonge Street is one of the coolest neighborhoods in Toronto! It runs through the middle of Uptown featuring plenty of shops and restaurants, giving the town a local feel. Live like the locals and try their favorite burgers from Rudy on Eglinton or Benny’s Barbecue, if that’s the mood.

From the leafy lanes of Lawrence and Lytton Park with their spacious homes, to apartment living in Davisville Village, prices vary like crazy. The average rent for a studio apartment can fall anywhere between $1,477 and $2,620. But for a highly walkable and diverse area — it’s not so bad after all!

7. West End

So, let’s talk about Toronto’s posh side — the west side, that is. It’s like the upscale hub with swanky ‘hoods: High Park, Roncesvalles, and Parksdale, among others.

These neighborhoods are all so diverse that you could be having fantastic food along the streets of St. Claire West or shopping at the iconic Junction of the west side.

Enter Kensington Market — a haven primarily for students from colleges in Downtown Toronto and nearby regions. But perhaps more for its free-spirited vibe. Kensington Market and Little Italy also have some of the best diners. Have some of the crispiest Fresco’s fish and chips, or lovely baked goods from Pancho’s bakery. Trust us, that’s how the locals do it.

Notably, the West End’s diversity is mirrored in its housing market. Rent for a 2-bedroom apartment can span from a reasonable $1,450 to a luxurious $4,976. From the amazing Italian eateries at Little Italy to the beautiful parks at Trinity Bellwoods, you are sure to be able to find a place to call home.

8. East End

Alright, let’s switch gears to Toronto’s charming East End. This side of town has a different kind of vibe — more laid-back and community-focused.

Neighborhoods like Leslieville, the Beaches, and Riverdale define the East End’s character. Leslieville, known for being the ‘hip’ Toronto neighborhood, flaunts vintage shops and artisanal cafés that give off a distinct artsy vibe.

Now, the Beaches is a literal waterfront gem with a boardwalk perfect for sunset strolls. Riverdale, on the other hand, boasts a mix of cultures and tree-lined streets that make it feel like a cozy retreat.

Navigating the East End is a breeze with the reliable 501 Queen Street Cars as your go-to public transport option. But soon enough, the Ontario Line should become functional as well.

Compared to West End, rent is relatively low and can fall anywhere between $2,200 to $3,590 for a 2-bedroom apartment. All in all, Toronto’s west and east sides offer distinct flavors. The west exudes upscale charm with sophisticated neighborhoods like High Park and Roncesvalles. Meanwhile, the east boasts a laid-back vibe in spots like Leslieville and the Beaches, focusing on local communities.

9. Etobicoke

Another hot spot for young professionals to move to is the Etobicoke neighborhood. Those skyline views? Seriously Instagram-worthy. And talk about play options — you won’t be bored with all the parks and rec spots. If you’re a nature lover, Etobicoke’s got your back. Think waterfront parks like Humber Bay Park, perfect for a lakeside stroll or a serene picnic.

But here’s the real juice: jobs. Etobicoke’s employment game is strong — among the best in Toronto, to be exact. Companies like Exactus Energy, Queensway Automotive Group, and Sunwing Airlines are setting up shop here, making it a real pro hub. And the cherry on top? Easy access to major highways like the Gardner Expressway, a stone’s throw from Pearson Airport, plus smooth rides on the Go Train and Go Buses. So, young professionals can not just avail opportunities at Etobicoke but also near Toronto!

Alright, let’s talk numbers, my friend. So, if you’re eyeballing a cozy 2-bedroom in Etobicoke, the average rent would be $2,914 — not exactly pocket change, we know. But you always have the option of moving in with a roommate to save on rent!

10. Don Valley

This winding river valley is a hidden gem for all things outdoorsy. Think lush trails, sweet biking paths, and even a legit zoo. It’s like escaping to the wilderness, minus the crazy drive.

The valley’s got some history too — old mills and factories, showing off Toronto’s industrial past. And don’t forget the Don Valley Parkway, or as locals call it, the DVP. Depending on traffic, it’s either your daily commute nightmare or a love-hate relationship.

57% of the housing at Don Valley consists of condos and detached houses, some have even been standing since the 1960s! The rent is pretty medium when it comes to the infamous Toronto rent, making it a desirable place to live for young professionals and students.

On the flip side, Don Valley is not a walkable neighborhood. You won’t find many cafes or nightclubs within walking distance. And unlike the rest of Toronto, Don Valley is a quieter neighborhood with a laidback lifestyle. So, if your dream hood involves a mix of serenity and only a short drive to the city fun, Don Valley’s ready to make your dream a reality!

You’ve barely scratched the surface of Toronto’s best neighborhoods to live in. But don’t stop there! Here are a few more you might want to explore:

11. Scarborough
12. Vaughan
13. Richmond Hill
14. Markham
15. Newmarket
16. Mississauga
17. Whitchurch Stouffville
18. Aurora
19. Georgina
20. Pickering

The Bottom Line

Toronto’s West used to steal the spotlight as the hippest spot in town, but watch out — the rising star of the East End is challenging that claim. As gentrification sweeps through, new neighborhoods are vying for attention. In a city as diverse as Toronto, there’s no shortage of standout areas.

If your heart craves a peaceful community, head over to Leslieville. But if hustling is your game, Etobicoke might be your arena. And don’t sleep on the unsung heroes like Parksdale or Don Valley — they’re equally rad.

This city’s got personality, and it’s got your name written all over it. So, why wait? Swing by our Toronto Roommate Finder, and as you navigate these neighborhoods, find not just a place to stay, but friends to share the adventure with. Toronto’s waving hello — time to wave back!