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July 2025 · London North
Average Rent in London North — July 2025
48 confirmed residential leases in London North in July 2025. Average rent $2,763/month. Mixed conditions across property types.
Avg Lease Price $2,763/mo
Median Lease $2,800/mo
Avg Asking $2,788/mo
Lease / Ask 99.1%
Leased Over Asking 10.4%
Avg DOM 45 days
Total Leased
48
all residential
Avg Lease Price
$2,763
per month
Median Lease
$2,800
mid-point
Lease / Ask
99.1%
avg ratio
Over Asking
10.4%
of all leases
Avg DOM
45
days on market
Lease Prices by Property Type
London North · July 2025
💰 Lease Price Summary
Average Lease $2,763/mo
Median Lease $2,800/mo
Avg Asking Rent $2,788/mo
Lowest Lease $1,750
Highest Lease $3,500
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 10.4%
Leased at asking 66.7%
Leased under asking 22.9%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.4% over vs 22.9% under asking.
💰 Lease Price Summary
Average Lease $2,628/mo
Median Lease $2,625/mo
Avg Asking Rent $2,648/mo
Lowest Lease $1,799
Highest Lease $3,500
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 66.7%
Leased under asking 20.8%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 20.8% under asking.
💰 Lease Price Summary
Average Lease $2,929/mo
Median Lease $3,000/mo
Avg Asking Rent $2,950/mo
Lowest Lease $1,750
Highest Lease $3,400
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 11.8%
Leased at asking 70.6%
Leased under asking 17.6%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.8% over vs 17.6% under asking.
💰 Lease Price Summary
Average Lease $2,789/mo
Median Lease $2,750/mo
Avg Asking Rent $2,823/mo
Lowest Lease $2,300
Highest Lease $3,500
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 9.5%
Leased at asking 57.1%
Leased under asking 33.3%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.5% over vs 33.3% under asking.
🏗
No multi-unit data for July 2025
Not enough multi-unit lease transactions in
London North this month to generate a summary.
Popular Ontario Cities · July 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,813 | $2,550 | 99.5% | 43d | ⚖️ Balanced |
| Mississauga | $2,781 | $2,600 | 99.1% | 42d | ⚖️ Balanced |
| Vaughan | $2,678 | $2,413 | 99.1% | 41d | ⚖️ Balanced |
| Ottawa | $2,800 | $2,700 | 100.5% | 52d | ⚖️ Balanced |
| Oakville | $3,244 | $2,850 | 99.2% | 44d | ⚖️ Balanced |
| Markham | $2,973 | $2,800 | 99.3% | 42d | ⚖️ Balanced |
| Brampton | $2,665 | $2,750 | 98.5% | 42d | ⚖️ Balanced |
| Richmond Hill | $3,120 | $3,000 | 99.7% | 47d | ⚖️ Balanced |
Frequently Asked Questions
London North · July 2025
The average confirmed lease in London North was $2,763/month in July 2025,
based on 48 MLS® transactions. The median was
$2,800/month.
Condos averaged $2,628/mo, freehold averaged $2,929/mo, and townhouses averaged $2,789/mo.
Units in London North took an average of 45 days to lease in July 2025.
Freehold rentals averaged 46 days while condos averaged 44 days.
In July 2025, condos averaged $2,628/month while freehold rentals averaged $2,929/month —
a difference of $301/month.
London North averaged $2,763/month in July 2025. Mississauga averaged $2,781/mo. Vaughan averaged $2,678/mo. See the full July 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.
