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July 2026 · London East
Average Rent in London East — July 2026
49 confirmed residential leases in London East in July 2026. Average rent $1,978/month. Mixed conditions across property types.
Avg Lease Price $1,978/mo
Median Lease $1,900/mo
Avg Asking $2,014/mo
Lease / Ask 98.2%
Leased Over Asking 8.2%
Avg DOM 39 days
Previous Months
Total Leased
49
all residential
Avg Lease Price
$1,978
per month
Median Lease
$1,900
mid-point
Lease / Ask
98.2%
avg ratio
Over Asking
8.2%
of all leases
Avg DOM
39
days on market
Lease Prices by Property Type
London East · July 2026
💰 Lease Price Summary
Average Lease $1,978/mo
Median Lease $1,900/mo
Avg Asking Rent $2,014/mo
Lowest Lease $900
Highest Lease $3,200
Lease / Ask Ratio 98.2%
📊 Market Activity
Leased over asking 8.2%
Leased at asking 65.3%
Leased under asking 26.5%
Avg Days on Market 39 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.2% over vs 26.5% under asking.
💰 Lease Price Summary
Average Lease $2,062/mo
Median Lease $1,950/mo
Avg Asking Rent $2,084/mo
Lowest Lease $1,599
Highest Lease $3,150
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 54.5%
Leased under asking 36.4%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 36.4% under asking.
💰 Lease Price Summary
Average Lease $2,257/mo
Median Lease $2,345/mo
Avg Asking Rent $2,345/mo
Lowest Lease $1,000
Highest Lease $3,200
Lease / Ask Ratio 96.3%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 69.2%
Leased under asking 23.1%
Avg Days on Market 28 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 23.1% under asking.
💰 Lease Price Summary
Average Lease $2,272/mo
Median Lease $2,250/mo
Avg Asking Rent $2,225/mo
Lowest Lease $1,939
Highest Lease $2,650
Lease / Ask Ratio 102.1%
📊 Market Activity
Leased over asking 50.0%
Leased at asking 50.0%
Leased under asking 0.0%
Avg Days on Market 42 days
Fast · 050Slow · 100+
🔥 High demand — 50% leased above asking at a 102.12% lease-to-ask ratio.
💰 Lease Price Summary
Average Lease $1,560/mo
Median Lease $1,400/mo
Avg Asking Rent $1,575/mo
Lowest Lease $900
Highest Lease $2,995
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 84.6%
Leased under asking 15.4%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 15.4% under asking.
Popular Ontario Cities · July 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,771 | $2,500 | 99.7% | 22d | ⚖️ Balanced |
| Mississauga | $2,722 | $2,600 | 99.6% | 21d | ⚖️ Balanced |
| Ottawa | $2,734 | $2,600 | 100.6% | 25d | ⚖️ Balanced |
| Markham | $2,832 | $2,800 | 99.1% | 26d | ⚖️ Balanced |
| Vaughan | $2,669 | $2,450 | 99.6% | 24d | ⚖️ Balanced |
| Oakville | $3,309 | $2,900 | 99.5% | 19d | ⚖️ Balanced |
| Hamilton | $2,376 | $2,300 | 99.7% | 36d | ⚖️ Balanced |
| Richmond Hill | $3,019 | $2,885 | 99.6% | 25d | ⚖️ Balanced |
Frequently Asked Questions
London East · July 2026
The average confirmed lease in London East was $1,978/month in July 2026,
based on 49 MLS® transactions. The median was
$1,900/month.
Condos averaged $2,062/mo, freehold averaged $2,257/mo, and townhouses averaged $2,272/mo.
Units in London East took an average of 39 days to lease in July 2026.
Freehold rentals averaged 28 days while condos averaged 41 days.
In July 2026, condos averaged $2,062/month while freehold rentals averaged $2,257/month —
a difference of $195/month.
London East averaged $1,978/month in July 2026. Hamilton averaged $2,376/mo. See the full July 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.
