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May 2026 · Burlington
Average Rent in Burlington — May 2026
208 confirmed residential leases in Burlington in May 2026. Average rent $2,714/month. Mixed conditions across property types.
Avg Lease Price $2,714/mo
Median Lease $2,500/mo
Avg Asking $2,741/mo
Lease / Ask 99.0%
Leased Over Asking 6.3%
Avg DOM 21 days
Previous Months
Total Leased
208
all residential
Avg Lease Price
$2,714
per month
Median Lease
$2,500
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
6.3%
of all leases
Avg DOM
21
days on market
Lease Prices by Property Type
Burlington · May 2026
💰 Lease Price Summary
Average Lease $2,714/mo
Median Lease $2,500/mo
Avg Asking Rent $2,741/mo
Lowest Lease $1,550
Highest Lease $5,600
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 6.3%
Leased at asking 58.7%
Leased under asking 35.1%
Avg Days on Market 21 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.3% over vs 35.1% under asking.
💰 Lease Price Summary
Average Lease $2,526/mo
Median Lease $2,350/mo
Avg Asking Rent $2,552/mo
Lowest Lease $1,550
Highest Lease $4,300
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 6.7%
Leased at asking 58.8%
Leased under asking 34.5%
Avg Days on Market 21 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.7% over vs 34.5% under asking.
💰 Lease Price Summary
Average Lease $3,679/mo
Median Lease $3,700/mo
Avg Asking Rent $3,726/mo
Lowest Lease $1,920
Highest Lease $5,600
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 4.0%
Leased at asking 52.0%
Leased under asking 44.0%
Avg Days on Market 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 4% over vs 44% under asking.
💰 Lease Price Summary
Average Lease $3,214/mo
Median Lease $3,223/mo
Avg Asking Rent $3,240/mo
Lowest Lease $2,000
Highest Lease $4,500
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 9.5%
Leased at asking 52.4%
Leased under asking 38.1%
Avg Days on Market 26 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.5% over vs 38.1% under asking.
💰 Lease Price Summary
Average Lease $1,742/mo
Median Lease $1,775/mo
Avg Asking Rent $1,742/mo
Lowest Lease $1,600
Highest Lease $1,850
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 9 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Oakville | $3,246 | $3,000 | 99.7% | 23d | ⚖️ Balanced |
| Hamilton | $2,436 | $2,300 | 99.5% | 36d | ⚖️ Balanced |
| Mississauga | $2,687 | $2,580 | 99.0% | 26d | ⚖️ Balanced |
| Milton | $2,685 | $2,750 | 99.7% | 25d | ⚖️ Balanced |
Frequently Asked Questions
Burlington · May 2026
The average confirmed lease in Burlington was $2,714/month in May 2026,
based on 208 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,526/mo, freehold averaged $3,679/mo, and townhouses averaged $3,214/mo.
Units in Burlington took an average of 21 days to lease in May 2026.
Freehold rentals averaged 23 days while condos averaged 21 days.
In May 2026, condos averaged $2,526/month while freehold rentals averaged $3,679/month —
a difference of $1,153/month.
Burlington averaged $2,714/month in May 2026. Oakville averaged $3,246/mo. Mississauga averaged $2,687/mo. See the full May 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.
