Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
May 2025 · Hamilton
Average Rent in Hamilton — May 2025
225 confirmed residential leases in Hamilton in May 2025. Average rent $2,529/month. Mixed conditions across property types.
Avg Lease Price $2,529/mo
Median Lease $2,400/mo
Avg Asking $2,526/mo
Lease / Ask 100.2%
Leased Over Asking 8.9%
Avg DOM 58 days
Total Leased
225
all residential
Avg Lease Price
$2,529
per month
Median Lease
$2,400
mid-point
Lease / Ask
100.2%
avg ratio
Over Asking
8.9%
of all leases
Avg DOM
58
days on market
Lease Prices by Property Type
Hamilton · May 2025
💰 Lease Price Summary
Average Lease $2,529/mo
Median Lease $2,400/mo
Avg Asking Rent $2,526/mo
Lowest Lease $1,050
Highest Lease $6,000
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 8.9%
Leased at asking 71.1%
Leased under asking 20.0%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.9% over vs 20% under asking.
💰 Lease Price Summary
Average Lease $2,226/mo
Median Lease $2,075/mo
Avg Asking Rent $2,236/mo
Lowest Lease $1,400
Highest Lease $3,400
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 5.1%
Leased at asking 75.6%
Leased under asking 19.2%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.1% over vs 19.2% under asking.
💰 Lease Price Summary
Average Lease $2,729/mo
Median Lease $2,450/mo
Avg Asking Rent $2,705/mo
Lowest Lease $1,050
Highest Lease $6,000
Lease / Ask Ratio 100.9%
📊 Market Activity
Leased over asking 11.0%
Leased at asking 68.3%
Leased under asking 20.7%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 11% over vs 20.7% under asking.
💰 Lease Price Summary
Average Lease $2,883/mo
Median Lease $2,900/mo
Avg Asking Rent $2,896/mo
Lowest Lease $1,800
Highest Lease $4,000
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 9.6%
Leased at asking 71.2%
Leased under asking 19.2%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.6% over vs 19.2% under asking.
💰 Lease Price Summary
Average Lease $2,087/mo
Median Lease $2,000/mo
Avg Asking Rent $2,069/mo
Lowest Lease $1,325
Highest Lease $2,950
Lease / Ask Ratio 100.9%
📊 Market Activity
Leased over asking 15.8%
Leased at asking 63.2%
Leased under asking 21.1%
Avg Days on Market 79 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.8% over vs 21.1% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Burlington | $3,152 | $2,800 | 97.5% | 43d | ⚖️ Balanced |
| Oakville | $3,086 | $2,700 | 98.8% | 44d | ⚖️ Balanced |
| Brantford | $2,271 | $2,300 | 99.3% | 57d | ⚖️ Balanced |
| Grimsby | $2,576 | $2,250 | 100.7% | 50d | ⚖️ Balanced |
| Lincoln | $2,402 | $2,500 | 99.9% | 40d | ⚖️ Balanced |
| Haldimand | $2,567 | $2,500 | 99.1% | 45d | ⚖️ Balanced |
| West Lincoln | $2,850 | $2,850 | 100.0% | 50d | ⚖️ Balanced |
Frequently Asked Questions
Hamilton · May 2025
The average confirmed lease in Hamilton was $2,529/month in May 2025,
based on 225 MLS® transactions. The median was
$2,400/month.
Condos averaged $2,226/mo, freehold averaged $2,729/mo, and townhouses averaged $2,883/mo.
Units in Hamilton took an average of 58 days to lease in May 2025.
Freehold rentals averaged 60 days while condos averaged 55 days.
In May 2025, condos averaged $2,226/month while freehold rentals averaged $2,729/month —
a difference of $503/month.
Hamilton averaged $2,529/month in May 2025. Haldimand averaged $2,567/mo. Lincoln averaged $2,402/mo. See the full May 2025 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.
