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May 2026 · Kitchener
Average Rent in Kitchener — May 2026
96 confirmed residential leases in Kitchener in May 2026. Average rent $2,204/month. Mixed conditions across property types.
Avg Lease Price $2,204/mo
Median Lease $2,200/mo
Avg Asking $2,237/mo
Lease / Ask 98.6%
Leased Over Asking 6.3%
Avg DOM 30 days
Previous Months
Total Leased
96
all residential
Avg Lease Price
$2,204
per month
Median Lease
$2,200
mid-point
Lease / Ask
98.6%
avg ratio
Over Asking
6.3%
of all leases
Avg DOM
30
days on market
Lease Prices by Property Type
Kitchener · May 2026
💰 Lease Price Summary
Average Lease $2,204/mo
Median Lease $2,200/mo
Avg Asking Rent $2,237/mo
Lowest Lease $1,000
Highest Lease $4,200
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 6.3%
Leased at asking 55.2%
Leased under asking 38.5%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.3% over vs 38.5% under asking.
💰 Lease Price Summary
Average Lease $1,923/mo
Median Lease $1,850/mo
Avg Asking Rent $1,956/mo
Lowest Lease $1,450
Highest Lease $2,795
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 1.8%
Leased at asking 58.9%
Leased under asking 39.3%
Avg Days on Market 34 days
Fast · 050Slow · 100+
⚖️ Balanced — 1.8% over vs 39.3% under asking.
💰 Lease Price Summary
Average Lease $2,624/mo
Median Lease $2,850/mo
Avg Asking Rent $2,672/mo
Lowest Lease $1,000
Highest Lease $4,200
Lease / Ask Ratio 98.2%
📊 Market Activity
Leased over asking 8.0%
Leased at asking 40.0%
Leased under asking 52.0%
Avg Days on Market 20 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 52% leased below asking. Avg 20 days on market.
💰 Lease Price Summary
Average Lease $2,535/mo
Median Lease $2,550/mo
Avg Asking Rent $2,545/mo
Lowest Lease $1,950
Highest Lease $2,955
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 13.6%
Leased at asking 68.2%
Leased under asking 18.2%
Avg Days on Market 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.6% over vs 18.2% under asking.
💰 Lease Price Summary
Average Lease $1,688/mo
Median Lease $1,688/mo
Avg Asking Rent $1,688/mo
Lowest Lease $1,650
Highest Lease $1,725
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 106 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 |
|---|---|---|---|---|---|
| Waterloo | $2,318 | $2,075 | 100.3% | 34d | ⚖️ Balanced |
| Cambridge | $2,449 | $2,500 | 98.8% | 38d | ⚖️ Balanced |
| Guelph | $2,559 | $2,450 | 99.0% | 29d | ⚖️ Balanced |
| Woolwich | $2,820 | $2,700 | 97.2% | 16d | 🧊 Renter-Friendly |
Frequently Asked Questions
Kitchener · May 2026
The average confirmed lease in Kitchener was $2,204/month in May 2026,
based on 96 MLS® transactions. The median was
$2,200/month.
Condos averaged $1,923/mo, freehold averaged $2,624/mo, and townhouses averaged $2,535/mo.
Units in Kitchener took an average of 30 days to lease in May 2026.
Freehold rentals averaged 20 days while condos averaged 34 days.
In May 2026, condos averaged $1,923/month while freehold rentals averaged $2,624/month —
a difference of $701/month.
Kitchener averaged $2,204/month in May 2026. Waterloo averaged $2,318/mo. See the full May 2026 Ontario lease summary →
Looking to rent in Kitchener?
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 Kitchener, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
