Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
May 2026 · London East
Average Rent in London East — May 2026
58 confirmed residential leases in London East in May 2026. Average rent $2,109/month. Mixed conditions across property types.
Avg Lease Price $2,109/mo
Median Lease $2,075/mo
Avg Asking $2,123/mo
Lease / Ask 99.4%
Leased Over Asking 6.9%
Avg DOM 36 days
Previous Months
Total Leased
58
all residential
Avg Lease Price
$2,109
per month
Median Lease
$2,075
mid-point
Lease / Ask
99.4%
avg ratio
Over Asking
6.9%
of all leases
Avg DOM
36
days on market
Lease Prices by Property Type
London East · May 2026
💰 Lease Price Summary
Average Lease $2,109/mo
Median Lease $2,075/mo
Avg Asking Rent $2,123/mo
Lowest Lease $1,150
Highest Lease $3,500
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 6.9%
Leased at asking 75.9%
Leased under asking 17.2%
Avg Days on Market 36 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.9% over vs 17.2% under asking.
💰 Lease Price Summary
Average Lease $2,171/mo
Median Lease $2,100/mo
Avg Asking Rent $2,172/mo
Lowest Lease $1,500
Highest Lease $3,000
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 8.0%
Leased at asking 84.0%
Leased under asking 8.0%
Avg Days on Market 34 days
Fast · 050Slow · 100+
⚖️ Balanced — 8% over vs 8% under asking.
💰 Lease Price Summary
Average Lease $2,276/mo
Median Lease $2,300/mo
Avg Asking Rent $2,309/mo
Lowest Lease $1,500
Highest Lease $3,500
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 11.8%
Leased at asking 58.8%
Leased under asking 29.4%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.8% over vs 29.4% under asking.
💰 Lease Price Summary
Average Lease $2,342/mo
Median Lease $2,300/mo
Avg Asking Rent $2,337/mo
Lowest Lease $2,000
Highest Lease $2,700
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 83.3%
Leased under asking 8.3%
Avg Days on Market 26 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 8.3% under asking.
💰 Lease Price Summary
Average Lease $1,728/mo
Median Lease $1,695/mo
Avg Asking Rent $1,740/mo
Lowest Lease $1,150
Highest Lease $2,500
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 84.6%
Leased under asking 15.4%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 15.4% under asking.
Popular Ontario Cities · May 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,751 | $2,500 | 99.7% | 23d | ⚖️ Balanced |
| Mississauga | $2,687 | $2,580 | 99.0% | 26d | ⚖️ Balanced |
| Ottawa | $2,624 | $2,600 | 100.1% | 26d | ⚖️ Balanced |
| Markham | $2,805 | $2,595 | 99.1% | 27d | ⚖️ Balanced |
| Vaughan | $2,687 | $2,400 | 99.8% | 26d | ⚖️ Balanced |
| Oakville | $3,246 | $3,000 | 99.7% | 23d | ⚖️ Balanced |
| Brampton | $2,607 | $2,650 | 98.9% | 30d | ⚖️ Balanced |
| Richmond Hill | $3,012 | $2,900 | 99.2% | 29d | ⚖️ Balanced |
Frequently Asked Questions
London East · May 2026
The average confirmed lease in London East was $2,109/month in May 2026,
based on 58 MLS® transactions. The median was
$2,075/month.
Condos averaged $2,171/mo, freehold averaged $2,276/mo, and townhouses averaged $2,342/mo.
Units in London East took an average of 36 days to lease in May 2026.
Freehold rentals averaged 41 days while condos averaged 34 days.
In May 2026, condos averaged $2,171/month while freehold rentals averaged $2,276/month —
a difference of $105/month.
London East averaged $2,109/month in May 2026. Brampton averaged $2,607/mo. See the full May 2026 Ontario lease summary →
Looking to rent in London East?
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 London East, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
