While many hotels offer fully-serviced suites, the cost can be quite high for those staying for an extended period. Furnished apartments can be found in some residential buildings or condominiums, generally at a cheaper overall cost compared to hotels. Generally, furnished apartments are rented weekly, but arrangements to pay monthly fees, or pay upfront for a set number of days can also usually be arranged with the landlord. These apartments vary widely in quality and type, but if you look around you can find excellent executive suites throughout the city.
Costs of renting a furnished apartment varies, depending on the size, location, and luxuries that are included. The least that one can expect to pay for a basic furnished room is about $100 per week. Please bear in mind that most rental companies demand a 30 day minimum stay.
Here is a list of companies in Toronto who provide furnished suites throughout the city.
Metro Luxury Suites
Metro Luxury Suites offers accommodations in downtown Toronto, and have a very good reputation with business travelers on extended stays in the city. The suites are luxurious and, therefore, on the pricey side. Customers can expect to pay around $700 per week and up. That said, the accommodations offer the convenience of a downtown location, with a great deal of services offered in each building, such as 24 hour surveillance, an indoor pool and fitness centre (in some locations), and a resident’s lounge and recreation area.
Home Suite Home: McCulloch Properties
A very comprehensive company that offers a wide variety of apartment options. Suites are available from $850 per month to over $5000 per month, depending on your needs. Apartments are available in every area of the city, with even a few out-of-city locations. McCulloch Properties also offer services like mortgage counseling, consultation, and computer repair.
Macro Enterprises offers furnished apartments in the mid-to-high level price range. They have a fairly good coverage of the city, with apartments available in all the popular neighborhoods. They have a very hands-on approach, offering personal consultation sessions with each prospective tenant to help them find the right place to live.
The Furnished Stay
A company with a very comprehensive website that offers a wide range of furnished homes. Prices start at around $500 per month for a simple furnished room, to several thousand dollar per month for houses in the more upscale neighborhoods. The Furnished Stay also offers a website of up to 50 available furnished apartments, and the companies to contact.