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August 2025 · London North
Average Rent in London North — August 2025
85 confirmed residential leases in London North in August 2025. Average rent $2,732/month. Mixed conditions across property types.
Avg Lease Price $2,732/mo
Median Lease $2,795/mo
Avg Asking $2,761/mo
Lease / Ask 99.0%
Leased Over Asking 10.6%
Avg DOM 57 days
Total Leased
85
all residential
Avg Lease Price
$2,732
per month
Median Lease
$2,795
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
10.6%
of all leases
Avg DOM
57
days on market
Lease Prices by Property Type
London North · August 2025
💰 Lease Price Summary
Average Lease $2,732/mo
Median Lease $2,795/mo
Avg Asking Rent $2,761/mo
Lowest Lease $1,525
Highest Lease $4,200
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 10.6%
Leased at asking 60.0%
Leased under asking 29.4%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.6% over vs 29.4% under asking.
💰 Lease Price Summary
Average Lease $2,682/mo
Median Lease $2,750/mo
Avg Asking Rent $2,701/mo
Lowest Lease $1,900
Highest Lease $3,500
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 8.2%
Leased at asking 63.3%
Leased under asking 28.6%
Avg Days on Market 59 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.2% over vs 28.6% under asking.
💰 Lease Price Summary
Average Lease $2,845/mo
Median Lease $2,895/mo
Avg Asking Rent $2,898/mo
Lowest Lease $1,525
Highest Lease $4,200
Lease / Ask Ratio 98.2%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 56.3%
Leased under asking 31.3%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 31.3% under asking.
💰 Lease Price Summary
Average Lease $2,785/mo
Median Lease $2,795/mo
Avg Asking Rent $2,802/mo
Lowest Lease $2,250
Highest Lease $3,150
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 4.8%
Leased at asking 76.2%
Leased under asking 19.0%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.8% over vs 19% under asking.
💰 Lease Price Summary
Average Lease $2,012/mo
Median Lease $2,013/mo
Avg Asking Rent $1,950/mo
Lowest Lease $1,525
Highest Lease $2,500
Lease / Ask Ratio 103.2%
📊 Market Activity
Leased over asking 50.0%
Leased at asking 0.0%
Leased under asking 50.0%
Avg Days on Market 52 days
Fast · 050Slow · 100+
🔥 High demand — 50% leased above asking at a 103.21% lease-to-ask ratio.
Popular Ontario Cities · August 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,833 | $2,590 | 99.6% | 43d | ⚖️ Balanced |
| Mississauga | $2,769 | $2,650 | 99.3% | 42d | ⚖️ Balanced |
| Vaughan | $2,631 | $2,400 | 99.3% | 42d | ⚖️ Balanced |
| Ottawa | $2,759 | $2,650 | 100.1% | 50d | ⚖️ Balanced |
| Oakville | $3,309 | $3,000 | 99.2% | 41d | ⚖️ Balanced |
| Markham | $2,937 | $2,850 | 99.2% | 41d | ⚖️ Balanced |
| Richmond Hill | $3,098 | $3,000 | 99.2% | 44d | ⚖️ Balanced |
| Hamilton | $2,326 | $2,160 | 99.5% | 50d | ⚖️ Balanced |
Frequently Asked Questions
London North · August 2025
The average confirmed lease in London North was $2,732/month in August 2025,
based on 85 MLS® transactions. The median was
$2,795/month.
Condos averaged $2,682/mo, freehold averaged $2,845/mo, and townhouses averaged $2,785/mo.
Units in London North took an average of 57 days to lease in August 2025.
Freehold rentals averaged 53 days while condos averaged 59 days.
In August 2025, condos averaged $2,682/month while freehold rentals averaged $2,845/month —
a difference of $163/month.
London North averaged $2,732/month in August 2025. Ottawa averaged $2,759/mo. Vaughan averaged $2,631/mo. See the full August 2025 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.
