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May 2026 · London North
Average Rent in London North — May 2026
63 confirmed residential leases in London North in May 2026. Average rent $2,671/month. Mixed conditions across property types.
Avg Lease Price $2,671/mo
Median Lease $2,750/mo
Avg Asking $2,707/mo
Lease / Ask 98.7%
Leased Over Asking 1.6%
Avg DOM 28 days
Previous Months
Total Leased
63
all residential
Avg Lease Price
$2,671
per month
Median Lease
$2,750
mid-point
Lease / Ask
98.7%
avg ratio
Over Asking
1.6%
of all leases
Avg DOM
28
days on market
Lease Prices by Property Type
London North · May 2026
💰 Lease Price Summary
Average Lease $2,671/mo
Median Lease $2,750/mo
Avg Asking Rent $2,707/mo
Lowest Lease $850
Highest Lease $4,850
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 1.6%
Leased at asking 65.1%
Leased under asking 33.3%
Avg Days on Market 28 days
Fast · 050Slow · 100+
⚖️ Balanced — 1.6% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $2,608/mo
Median Lease $2,600/mo
Avg Asking Rent $2,632/mo
Lowest Lease $1,550
Highest Lease $4,850
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 3.2%
Leased at asking 64.5%
Leased under asking 32.3%
Avg Days on Market 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.2% over vs 32.3% under asking.
💰 Lease Price Summary
Average Lease $2,916/mo
Median Lease $2,975/mo
Avg Asking Rent $2,954/mo
Lowest Lease $1,300
Highest Lease $4,000
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 68.2%
Leased under asking 31.8%
Avg Days on Market 21 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 31.8% under asking.
💰 Lease Price Summary
Average Lease $2,664/mo
Median Lease $2,650/mo
Avg Asking Rent $2,685/mo
Lowest Lease $2,280
Highest Lease $3,150
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 4.3%
Leased at asking 65.2%
Leased under asking 30.4%
Avg Days on Market 20 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.3% over vs 30.4% under asking.
💰 Lease Price Summary
Average Lease $1,740/mo
Median Lease $1,400/mo
Avg Asking Rent $1,820/mo
Lowest Lease $850
Highest Lease $3,500
Lease / Ask Ratio 95.6%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 60.0%
Leased under asking 40.0%
Avg Days on Market 99 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 40% 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 North · May 2026
The average confirmed lease in London North was $2,671/month in May 2026,
based on 63 MLS® transactions. The median was
$2,750/month.
Condos averaged $2,608/mo, freehold averaged $2,916/mo, and townhouses averaged $2,664/mo.
Units in London North took an average of 28 days to lease in May 2026.
Freehold rentals averaged 21 days while condos averaged 23 days.
In May 2026, condos averaged $2,608/month while freehold rentals averaged $2,916/month —
a difference of $308/month.
London North averaged $2,671/month in May 2026. Mississauga averaged $2,687/mo. Ottawa averaged $2,624/mo. See the full May 2026 Ontario lease summary →
Looking to rent in London North?
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 North, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
