Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
May 2025 · London East
Average Rent in London East — May 2025
36 confirmed residential leases in London East in May 2025. Average rent $2,394/month. Mixed conditions across property types.
Avg Lease Price $2,394/mo
Median Lease $2,258/mo
Avg Asking $2,336/mo
Lease / Ask 102.5%
Leased Over Asking 11.1%
Avg DOM 59 days
Total Leased
36
all residential
Avg Lease Price
$2,394
per month
Median Lease
$2,258
mid-point
Lease / Ask
102.5%
avg ratio
Over Asking
11.1%
of all leases
Avg DOM
59
days on market
Lease Prices by Property Type
London East · May 2025
💰 Lease Price Summary
Average Lease $2,394/mo
Median Lease $2,258/mo
Avg Asking Rent $2,336/mo
Lowest Lease $1,450
Highest Lease $4,500
Lease / Ask Ratio 102.5%
📊 Market Activity
Leased over asking 11.1%
Leased at asking 72.2%
Leased under asking 16.7%
Avg Days on Market 59 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.1% over vs 16.7% under asking.
💰 Lease Price Summary
Average Lease $2,081/mo
Median Lease $1,998/mo
Avg Asking Rent $2,086/mo
Lowest Lease $1,450
Highest Lease $2,800
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 6.3%
Leased at asking 81.3%
Leased under asking 12.5%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.3% over vs 12.5% under asking.
💰 Lease Price Summary
Average Lease $2,574/mo
Median Lease $2,525/mo
Avg Asking Rent $2,585/mo
Lowest Lease $1,650
Highest Lease $4,400
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 11.1%
Leased at asking 72.2%
Leased under asking 16.7%
Avg Days on Market 63 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.1% over vs 16.7% under asking.
💰 Lease Price Summary
Average Lease $2,448/mo
Median Lease $2,600/mo
Avg Asking Rent $2,447/mo
Lowest Lease $1,995
Highest Lease $2,750
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 33.3%
Leased at asking 66.7%
Leased under asking 0.0%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 33.3% over vs 0% under asking.
💰 Lease Price Summary
Average Lease $3,275/mo
Median Lease $3,275/mo
Avg Asking Rent $2,100/mo
Lowest Lease $2,050
Highest Lease $4,500
Lease / Ask Ratio 156.0%
📊 Market Activity
Leased over asking 50.0%
Leased at asking 0.0%
Leased under asking 50.0%
Avg Days on Market 77 days
Fast · 050Slow · 100+
🔥 High demand — 50% leased above asking at a 155.95% lease-to-ask ratio.
Popular Ontario Cities · May 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,761 | $2,545 | 99.3% | 44d | ⚖️ Balanced |
| Mississauga | $2,751 | $2,637 | 98.9% | 44d | ⚖️ Balanced |
| Vaughan | $2,658 | $2,450 | 99.9% | 40d | ⚖️ Balanced |
| Oakville | $3,086 | $2,700 | 98.8% | 44d | ⚖️ Balanced |
| Ottawa | $2,649 | $2,595 | 99.7% | 55d | ⚖️ Balanced |
| Markham | $2,930 | $2,800 | 98.9% | 43d | ⚖️ Balanced |
| Brampton | $2,681 | $2,700 | 99.4% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,013 | $2,900 | 99.0% | 46d | ⚖️ Balanced |
Frequently Asked Questions
London East · May 2025
The average confirmed lease in London East was $2,394/month in May 2025,
based on 36 MLS® transactions. The median was
$2,258/month.
Condos averaged $2,081/mo, freehold averaged $2,574/mo, and townhouses averaged $2,448/mo.
Units in London East took an average of 59 days to lease in May 2025.
Freehold rentals averaged 63 days while condos averaged 53 days.
In May 2025, condos averaged $2,081/month while freehold rentals averaged $2,574/month —
a difference of $493/month.
London East averaged $2,394/month in May 2025. Ottawa averaged $2,649/mo. See the full May 2025 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.
