Charles Street
Rent
Due Dates
The University of Toronto expects that students register each academic year with a solid financial plan in place and have sufficient resources to support their studies for the duration of the academic year. This includes resources to make rent payments on-time.
Rent is due on the 1st day of each month during your tenancy. We are not able to accommodate late payment schedules. The University does not subsidize this residence – the rent residents pay covers ongoing building maintenance and expenses, so rent must be paid promptly. There is no daily or weekly rate available.
If you rely on OSAP or other external funding that is disbursed semi-annually, you may need to plan ahead by arranging to pay several months’ rent in advance.
Once moved in, residents can pay using a Canadian debit card in the Residence Office, as well as through Pre-Authorized Debit. Additionally, payments can be made via personal cheque, bank draft, or money order. Please note that we do not accept cash or electronic transfers.
Repeated late payment of rent after the first of the month may result in eviction and will cause anyone interested in transferring to be refused.
What Rent Includes
- Heat
- Hot water
- Electricity
- Fridge and stove
Rental Rates
| Unit | Rental Rate |
|---|---|
| Studio – Refreshed | $1,152 |
| Studio – Upgraded (Kitchen Renovated) | $1,391 |
| Studio – Premium Upgraded (Bathroom & Kitchen Renovated) | $1,691 |
| One Bedroom – Refreshed | $1,377 |
| One Bedroom – Upgraded (Kitchen Renovated) | $1,616 |
| One Bedroom – Premium Upgraded (Bathroom & Kitchen Renovated) | $1,916 |
| Large One Bedroom A – Refreshed | $1,446 |
| Large One Bedroom A – Upgraded (Kitchen Renovated) | $1,685 |
| Large One Bedroom A – Premium Upgraded (Bathroom & Kitchen Renovated) | $1,985 |
| Large One Bedroom B – Refreshed | $1,395 |
| Large One Bedroom B – Upgraded (Kitchen Renovated) | $1,633 |
| Large One Bedroom B – Premium Upgraded (Bathroom & Kitchen Renovated) | $1,933 |
| Large One Bedroom C – Refreshed | $1,474 |
| Large One Bedroom C – Upgraded (Kitchen Renovated) | $1,713 |
| Large One Bedroom C – Premium Upgraded (Bathroom & Kitchen Renovated) | $2,013 |
| Two Bedroom – Refreshed | $1,751 |
| Two Bedroom – Upgraded (Kitchen Renovated) | $1,988 |
| Two Bedroom – Premium Upgraded (Bathroom & Kitchen Renovated) | $2,289 |
Rent Increases
The rent at Charles Street Student Family Housing is subject to a rent increase for all units on September 1st of each year, the amount of which is given to residents three months prior to the increase taking effect. Note that tenants are required to add this rental increase amount to your last months’ rent deposit by submitting payment to the Residence Office in September when the rent increase occurs. This ensures that the rent deposit on file is the correct amount to be used for your last month of tenancy once you give notice to vacate.
Note: Rent at the Huron-Sussex Student Family Housing is likewise subject to an annual rent increase once every 12 months. Residents will be notified three months in advance of the increase date with the details of the amount.
First and Last Month’s Rent Payment
First and last month’s rent must be paid by certified cheque, money order, or bank draft. Personal cheques are not accepted for this initial deposit. Any and all service charges by your bank and/or the University for processing bank drafts, certified cheques and money orders will be your responsibility to pay as the incoming tenant.
Wiring funds is not recommended as the service charges can be considerable and it may result in delayed confirmation of funds, which could impact move in dates.
Once you pay first and last month’s rent, you have committed to take the apartment, so please be certain you like the apartment beforehand.
International Students
Sending money from abroad?
Note that if you send foreign funds, the interest rate may fluctuate by the time that money is deposited into our Canadian account. For example, it could mean that the value of your $987 USD certified cheque may drop in value by the time we receive it, and you would have to pay additional funds.
financial difficulty
Financial Assistance
For those student families experiencing financial difficulty, please go to U of T’s Financial Aid website or to your registrar’s office to speak to someone about the possibility of receiving financial assistance in the form of a loan, bursary or scholarship.
Charles Street West