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May 2026 · Hamilton
Average Rent in Hamilton — May 2026
287 confirmed residential leases in Hamilton in May 2026. Average rent $2,436/month. Mixed conditions across property types.
Avg Lease Price $2,436/mo
Median Lease $2,300/mo
Avg Asking $2,447/mo
Lease / Ask 99.5%
Leased Over Asking 9.1%
Avg DOM 36 days
Previous Months
Total Leased
287
all residential
Avg Lease Price
$2,436
per month
Median Lease
$2,300
mid-point
Lease / Ask
99.5%
avg ratio
Over Asking
9.1%
of all leases
Avg DOM
36
days on market
Lease Prices by Property Type
Hamilton · May 2026
💰 Lease Price Summary
Average Lease $2,436/mo
Median Lease $2,300/mo
Avg Asking Rent $2,447/mo
Lowest Lease $900
Highest Lease $6,500
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 70.7%
Leased under asking 20.2%
Avg Days on Market 36 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 20.2% under asking.
💰 Lease Price Summary
Average Lease $2,170/mo
Median Lease $2,100/mo
Avg Asking Rent $2,184/mo
Lowest Lease $1,550
Highest Lease $3,200
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 4.8%
Leased at asking 71.2%
Leased under asking 24.0%
Avg Days on Market 33 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.8% over vs 24% under asking.
💰 Lease Price Summary
Average Lease $2,713/mo
Median Lease $2,500/mo
Avg Asking Rent $2,718/mo
Lowest Lease $900
Highest Lease $6,500
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 11.8%
Leased at asking 72.5%
Leased under asking 15.7%
Avg Days on Market 36 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.8% over vs 15.7% under asking.
💰 Lease Price Summary
Average Lease $2,799/mo
Median Lease $2,800/mo
Avg Asking Rent $2,818/mo
Lowest Lease $1,700
Highest Lease $4,250
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 11.9%
Leased at asking 61.2%
Leased under asking 26.9%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.9% over vs 26.9% under asking.
💰 Lease Price Summary
Average Lease $1,826/mo
Median Lease $1,775/mo
Avg Asking Rent $1,836/mo
Lowest Lease $1,000
Highest Lease $2,700
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 3.1%
Leased at asking 87.5%
Leased under asking 9.4%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.1% over vs 9.4% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Burlington | $2,714 | $2,500 | 99.0% | 21d | ⚖️ Balanced |
| Oakville | $3,246 | $3,000 | 99.7% | 23d | ⚖️ Balanced |
| Brantford | $2,283 | $2,300 | 99.3% | 29d | ⚖️ Balanced |
| Grimsby | $2,395 | $2,200 | 100.0% | 32d | ⚖️ Balanced |
| Lincoln | $2,256 | $2,350 | 100.5% | 32d | ⚖️ Balanced |
| Haldimand | $2,506 | $2,600 | 100.3% | 24d | ⚖️ Balanced |
Frequently Asked Questions
Hamilton · May 2026
The average confirmed lease in Hamilton was $2,436/month in May 2026,
based on 287 MLS® transactions. The median was
$2,300/month.
Condos averaged $2,170/mo, freehold averaged $2,713/mo, and townhouses averaged $2,799/mo.
Units in Hamilton took an average of 36 days to lease in May 2026.
Freehold rentals averaged 36 days while condos averaged 33 days.
In May 2026, condos averaged $2,170/month while freehold rentals averaged $2,713/month —
a difference of $543/month.
Hamilton averaged $2,436/month in May 2026. Haldimand averaged $2,506/mo. Grimsby averaged $2,395/mo. See the full May 2026 Ontario lease summary →
Looking to rent in Hamilton?
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 Hamilton, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
