Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
April 2026 · London North
Average Rent in London North — April 2026
53 confirmed residential leases in London North in April 2026. Average rent $2,596/month. Mixed conditions across property types.
Avg Lease Price $2,596/mo
Median Lease $2,500/mo
Avg Asking $2,590/mo
Lease / Ask 100.2%
Leased Over Asking 11.3%
Avg DOM 66 days
Previous Months
Total Leased
53
all residential
Avg Lease Price
$2,596
per month
Median Lease
$2,500
mid-point
Lease / Ask
100.2%
avg ratio
Over Asking
11.3%
of all leases
Avg DOM
66
days on market
Lease Prices by Property Type
London North · April 2026
💰 Lease Price Summary
Average Lease $2,596/mo
Median Lease $2,500/mo
Avg Asking Rent $2,590/mo
Lowest Lease $1,250
Highest Lease $5,800
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 11.3%
Leased at asking 64.2%
Leased under asking 24.5%
Avg Days on Market 66 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.3% over vs 24.5% under asking.
💰 Lease Price Summary
Average Lease $2,526/mo
Median Lease $2,600/mo
Avg Asking Rent $2,541/mo
Lowest Lease $1,462
Highest Lease $3,250
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 6.9%
Leased at asking 79.3%
Leased under asking 13.8%
Avg Days on Market 76 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.9% over vs 13.8% under asking.
💰 Lease Price Summary
Average Lease $2,756/mo
Median Lease $2,575/mo
Avg Asking Rent $2,726/mo
Lowest Lease $1,250
Highest Lease $5,800
Lease / Ask Ratio 101.1%
📊 Market Activity
Leased over asking 13.6%
Leased at asking 45.5%
Leased under asking 40.9%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.6% over vs 40.9% under asking.
💰 Lease Price Summary
Average Lease $2,624/mo
Median Lease $2,600/mo
Avg Asking Rent $2,635/mo
Lowest Lease $2,395
Highest Lease $3,250
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 10.5%
Leased at asking 78.9%
Leased under asking 10.5%
Avg Days on Market 78 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.5% over vs 10.5% under asking.
💰 Lease Price Summary
Average Lease $1,850/mo
Median Lease $1,850/mo
Avg Asking Rent $1,795/mo
Lowest Lease $1,700
Highest Lease $2,000
Lease / Ask Ratio 103.1%
📊 Market Activity
Leased over asking 50.0%
Leased at asking 50.0%
Leased under asking 0.0%
Avg Days on Market 50 days
Fast · 050Slow · 100+
🔥 High demand — 50% leased above asking at a 103.06% lease-to-ask ratio.
Popular Ontario Cities · April 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,646 | $2,450 | 99.1% | 49d | ⚖️ Balanced |
| Mississauga | $2,566 | $2,500 | 98.9% | 45d | ⚖️ Balanced |
| Brampton | $2,483 | $2,550 | 97.7% | 50d | 🧊 Renter-Friendly |
| Vaughan | $2,569 | $2,400 | 99.0% | 48d | ⚖️ Balanced |
| Ottawa | $2,619 | $2,550 | 99.7% | 65d | ⚖️ Balanced |
| Markham | $2,763 | $2,600 | 98.4% | 45d | ⚖️ Balanced |
| Oakville | $2,971 | $2,625 | 98.5% | 51d | ⚖️ Balanced |
| Hamilton | $2,316 | $2,200 | 99.3% | 59d | ⚖️ Balanced |
Frequently Asked Questions
London North · April 2026
The average confirmed lease in London North was $2,596/month in April 2026,
based on 53 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,526/mo, freehold averaged $2,756/mo, and townhouses averaged $2,624/mo.
Units in London North took an average of 66 days to lease in April 2026.
Freehold rentals averaged 55 days while condos averaged 76 days.
In April 2026, condos averaged $2,526/month while freehold rentals averaged $2,756/month —
a difference of $230/month.
London North averaged $2,596/month in April 2026. Ottawa averaged $2,619/mo. Vaughan averaged $2,569/mo. See the full April 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.
