Depends where you are trying to rent.  One bedroom condos are for rent in Toronto for 2,000 per month if you want to live in the core.  If you don't live in the core, be prepared for slightly lower rents and horrible commutes.  If I was young in this day and age, I would try to settle in a smaller city where you don't need to line up for everything, as long as I could find a reasonable job.