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June 2025 · London North
Average Rent in London North — June 2025
49 confirmed residential leases in London North in June 2025. Average rent $2,883/month. Mixed conditions across property types.
Avg Lease Price $2,883/mo
Median Lease $2,900/mo
Avg Asking $2,870/mo
Lease / Ask 100.4%
Leased Over Asking 16.3%
Avg DOM 57 days
Total Leased
49
all residential
Avg Lease Price
$2,883
per month
Median Lease
$2,900
mid-point
Lease / Ask
100.4%
avg ratio
Over Asking
16.3%
of all leases
Avg DOM
57
days on market
Lease Prices by Property Type
London North · June 2025
💰 Lease Price Summary
Average Lease $2,883/mo
Median Lease $2,900/mo
Avg Asking Rent $2,870/mo
Lowest Lease $1,400
Highest Lease $4,700
Lease / Ask Ratio 100.4%
📊 Market Activity
Leased over asking 16.3%
Leased at asking 71.4%
Leased under asking 12.2%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.3% over vs 12.2% under asking.
💰 Lease Price Summary
Average Lease $2,634/mo
Median Lease $2,600/mo
Avg Asking Rent $2,645/mo
Lowest Lease $2,000
Highest Lease $3,400
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 5.9%
Leased at asking 82.4%
Leased under asking 11.8%
Avg Days on Market 65 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.9% over vs 11.8% under asking.
💰 Lease Price Summary
Average Lease $3,038/mo
Median Lease $3,000/mo
Avg Asking Rent $3,016/mo
Lowest Lease $1,400
Highest Lease $4,700
Lease / Ask Ratio 100.7%
📊 Market Activity
Leased over asking 22.2%
Leased at asking 63.0%
Leased under asking 14.8%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 22.2% over vs 14.8% under asking.
💰 Lease Price Summary
Average Lease $2,818/mo
Median Lease $2,800/mo
Avg Asking Rent $2,810/mo
Lowest Lease $2,425
Highest Lease $3,400
Lease / Ask Ratio 100.3%
📊 Market Activity
Leased over asking 6.7%
Leased at asking 86.7%
Leased under asking 6.7%
Avg Days on Market 67 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.7% over vs 6.7% under asking.
🏗
No multi-unit data for June 2025
Not enough multi-unit lease transactions in
London North this month to generate a summary.
Popular Ontario Cities · June 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,784 | $2,500 | 99.4% | 44d | ⚖️ Balanced |
| Mississauga | $2,732 | $2,550 | 99.4% | 43d | ⚖️ Balanced |
| Vaughan | $2,611 | $2,400 | 99.2% | 43d | ⚖️ Balanced |
| Oakville | $3,145 | $2,800 | 99.1% | 46d | ⚖️ Balanced |
| Ottawa | $2,706 | $2,600 | 100.1% | 54d | ⚖️ Balanced |
| Markham | $2,991 | $2,900 | 98.9% | 44d | ⚖️ Balanced |
| Brampton | $2,605 | $2,700 | 98.8% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,096 | $3,000 | 99.0% | 46d | ⚖️ Balanced |
Frequently Asked Questions
London North · June 2025
The average confirmed lease in London North was $2,883/month in June 2025,
based on 49 MLS® transactions. The median was
$2,900/month.
Condos averaged $2,634/mo, freehold averaged $3,038/mo, and townhouses averaged $2,818/mo.
Units in London North took an average of 57 days to lease in June 2025.
Freehold rentals averaged 50 days while condos averaged 65 days.
In June 2025, condos averaged $2,634/month while freehold rentals averaged $3,038/month —
a difference of $404/month.
London North averaged $2,883/month in June 2025. Markham averaged $2,991/mo. Toronto averaged $2,784/mo. See the full June 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.
