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February 2026 · Burlington
Average Rent in Burlington — February 2026
99 confirmed residential leases in Burlington in February 2026. Average rent $2,913/month. Mixed conditions across property types.
Avg Lease Price $2,913/mo
Median Lease $2,850/mo
Avg Asking $2,950/mo
Lease / Ask 98.7%
Leased Over Asking 7.1%
Avg DOM 59 days
Total Leased
99
all residential
Avg Lease Price
$2,913
per month
Median Lease
$2,850
mid-point
Lease / Ask
98.7%
avg ratio
Over Asking
7.1%
of all leases
Avg DOM
59
days on market
Lease Prices by Property Type
Burlington · February 2026
💰 Lease Price Summary
Average Lease $2,913/mo
Median Lease $2,850/mo
Avg Asking Rent $2,950/mo
Lowest Lease $1,800
Highest Lease $6,000
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 49.5%
Leased under asking 43.4%
Avg Days on Market 59 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 43.4% under asking.
💰 Lease Price Summary
Average Lease $2,562/mo
Median Lease $2,400/mo
Avg Asking Rent $2,597/mo
Lowest Lease $1,875
Highest Lease $4,600
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 6.7%
Leased at asking 45.0%
Leased under asking 48.3%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.7% over vs 48.3% under asking.
💰 Lease Price Summary
Average Lease $3,574/mo
Median Lease $3,500/mo
Avg Asking Rent $3,613/mo
Lowest Lease $1,800
Highest Lease $6,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 57.7%
Leased under asking 34.6%
Avg Days on Market 73 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 34.6% under asking.
💰 Lease Price Summary
Average Lease $3,153/mo
Median Lease $3,000/mo
Avg Asking Rent $3,175/mo
Lowest Lease $2,800
Highest Lease $3,750
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 4.3%
Leased at asking 69.6%
Leased under asking 26.1%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.3% over vs 26.1% under asking.
💰 Lease Price Summary
Average Lease $4,800/mo
Median Lease $4,800/mo
Avg Asking Rent $5,000/mo
Lowest Lease $4,800
Highest Lease $4,800
Lease / Ask Ratio 96.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 0.0%
Leased under asking 100.0%
Avg Days on Market 46 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 100% leased below asking. Avg 46 days on market.
Nearby Cities · February 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Oakville | $3,006 | $2,675 | 98.8% | 53d | ⚖️ Balanced |
| Hamilton | $2,425 | $2,500 | 98.9% | 59d | ⚖️ Balanced |
| Mississauga | $2,546 | $2,450 | 99.0% | 46d | ⚖️ Balanced |
| Milton | $2,624 | $2,650 | 98.8% | 51d | ⚖️ Balanced |
Frequently Asked Questions
Burlington · February 2026
The average confirmed lease in Burlington was $2,913/month in February 2026,
based on 99 MLS® transactions. The median was
$2,850/month.
Condos averaged $2,562/mo, freehold averaged $3,574/mo, and townhouses averaged $3,153/mo.
Units in Burlington took an average of 59 days to lease in February 2026.
Freehold rentals averaged 73 days while condos averaged 55 days.
In February 2026, condos averaged $2,562/month while freehold rentals averaged $3,574/month —
a difference of $1,012/month.
Burlington averaged $2,913/month in February 2026. Oakville averaged $3,006/mo. Milton averaged $2,624/mo. See the full February 2026 Ontario lease summary →
Looking to rent in Burlington?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for Burlington, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
