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May 2025 · London North
Average Rent in London North — May 2025
46 confirmed residential leases in London North in May 2025. Average rent $2,758/month. Mixed conditions across property types.
Avg Lease Price $2,758/mo
Median Lease $2,750/mo
Avg Asking $2,771/mo
Lease / Ask 99.5%
Leased Over Asking 4.3%
Avg DOM 58 days
Total Leased
46
all residential
Avg Lease Price
$2,758
per month
Median Lease
$2,750
mid-point
Lease / Ask
99.5%
avg ratio
Over Asking
4.3%
of all leases
Avg DOM
58
days on market
Lease Prices by Property Type
London North · May 2025
💰 Lease Price Summary
Average Lease $2,758/mo
Median Lease $2,750/mo
Avg Asking Rent $2,771/mo
Lowest Lease $1,300
Highest Lease $5,850
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 4.3%
Leased at asking 73.9%
Leased under asking 21.7%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.3% over vs 21.7% under asking.
💰 Lease Price Summary
Average Lease $2,605/mo
Median Lease $2,600/mo
Avg Asking Rent $2,626/mo
Lowest Lease $1,930
Highest Lease $3,275
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 4.8%
Leased at asking 76.2%
Leased under asking 19.0%
Avg Days on Market 59 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.8% over vs 19% under asking.
💰 Lease Price Summary
Average Lease $2,975/mo
Median Lease $2,850/mo
Avg Asking Rent $2,972/mo
Lowest Lease $1,300
Highest Lease $5,850
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 5.0%
Leased at asking 75.0%
Leased under asking 20.0%
Avg Days on Market 54 days
Fast · 050Slow · 100+
⚖️ Balanced — 5% over vs 20% under asking.
💰 Lease Price Summary
Average Lease $2,745/mo
Median Lease $2,750/mo
Avg Asking Rent $2,776/mo
Lowest Lease $2,200
Highest Lease $3,275
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 73.7%
Leased under asking 26.3%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 26.3% under asking.
💰 Lease Price Summary
Average Lease $1,800/mo
Median Lease $1,800/mo
Avg Asking Rent $1,800/mo
Lowest Lease $1,800
Highest Lease $1,800
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 112 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Popular Ontario Cities · May 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,761 | $2,545 | 99.3% | 44d | ⚖️ Balanced |
| Mississauga | $2,751 | $2,637 | 98.9% | 44d | ⚖️ Balanced |
| Vaughan | $2,658 | $2,450 | 99.9% | 40d | ⚖️ Balanced |
| Oakville | $3,086 | $2,700 | 98.8% | 44d | ⚖️ Balanced |
| Ottawa | $2,649 | $2,595 | 99.7% | 55d | ⚖️ Balanced |
| Markham | $2,930 | $2,800 | 98.9% | 43d | ⚖️ Balanced |
| Brampton | $2,681 | $2,700 | 99.4% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,013 | $2,900 | 99.0% | 46d | ⚖️ Balanced |
Frequently Asked Questions
London North · May 2025
The average confirmed lease in London North was $2,758/month in May 2025,
based on 46 MLS® transactions. The median was
$2,750/month.
Condos averaged $2,605/mo, freehold averaged $2,975/mo, and townhouses averaged $2,745/mo.
Units in London North took an average of 58 days to lease in May 2025.
Freehold rentals averaged 54 days while condos averaged 59 days.
In May 2025, condos averaged $2,605/month while freehold rentals averaged $2,975/month —
a difference of $370/month.
London North averaged $2,758/month in May 2025. Toronto averaged $2,761/mo. Mississauga averaged $2,751/mo. See the full May 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.
