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July 2026 · London North
Average Rent in London North — July 2026
86 confirmed residential leases in London North in July 2026. Average rent $2,508/month. Mixed conditions across property types.
Avg Lease Price $2,508/mo
Median Lease $2,625/mo
Avg Asking $2,542/mo
Lease / Ask 98.7%
Leased Over Asking 4.7%
Avg DOM 31 days
Previous Months
Total Leased
86
all residential
Avg Lease Price
$2,508
per month
Median Lease
$2,625
mid-point
Lease / Ask
98.7%
avg ratio
Over Asking
4.7%
of all leases
Avg DOM
31
days on market
Lease Prices by Property Type
London North · July 2026
💰 Lease Price Summary
Average Lease $2,508/mo
Median Lease $2,625/mo
Avg Asking Rent $2,542/mo
Lowest Lease $950
Highest Lease $4,050
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 4.7%
Leased at asking 61.6%
Leased under asking 33.7%
Avg Days on Market 31 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.7% over vs 33.7% under asking.
💰 Lease Price Summary
Average Lease $2,351/mo
Median Lease $2,450/mo
Avg Asking Rent $2,362/mo
Lowest Lease $1,388
Highest Lease $3,300
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 7.9%
Leased at asking 65.8%
Leased under asking 26.3%
Avg Days on Market 36 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.9% over vs 26.3% under asking.
💰 Lease Price Summary
Average Lease $2,720/mo
Median Lease $2,800/mo
Avg Asking Rent $2,772/mo
Lowest Lease $950
Highest Lease $4,050
Lease / Ask Ratio 98.1%
📊 Market Activity
Leased over asking 2.3%
Leased at asking 60.5%
Leased under asking 37.2%
Avg Days on Market 25 days
Fast · 050Slow · 100+
⚖️ Balanced — 2.3% over vs 37.2% under asking.
💰 Lease Price Summary
Average Lease $2,493/mo
Median Lease $2,600/mo
Avg Asking Rent $2,519/mo
Lowest Lease $1,250
Highest Lease $2,800
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 6.7%
Leased at asking 60.0%
Leased under asking 33.3%
Avg Days on Market 32 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.7% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $1,850/mo
Median Lease $1,750/mo
Avg Asking Rent $1,933/mo
Lowest Lease $1,700
Highest Lease $2,100
Lease / Ask Ratio 95.7%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 33.3%
Leased under asking 66.7%
Avg Days on Market 47 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 66.7% leased below asking. Avg 47 days on market.
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 North · July 2026
The average confirmed lease in London North was $2,508/month in July 2026,
based on 86 MLS® transactions. The median was
$2,625/month.
Condos averaged $2,351/mo, freehold averaged $2,720/mo, and townhouses averaged $2,493/mo.
Units in London North took an average of 31 days to lease in July 2026.
Freehold rentals averaged 25 days while condos averaged 36 days.
In July 2026, condos averaged $2,351/month while freehold rentals averaged $2,720/month —
a difference of $369/month.
London North averaged $2,508/month in July 2026. Vaughan averaged $2,669/mo. Hamilton averaged $2,376/mo. See the full July 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.
