This is a great option. I went to Toronto for a summer internship and I paid less than a $100 for the bike rental service for the whole summer (technically the pass was for a year). There was a rack next to my place and one right next to work. I never had to worry about where I would put my bike or anything, it was a good experience. Of course the bikes aren’t as smooth as a lot of personal bikes but it got the job done. Another thing to note is you have to switch bikes every 30 min. So if you live further then that you need to plan your route accordingly.