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February 2026 · London South
Average Rent in London South — February 2026
45 confirmed residential leases in London South in February 2026. Average rent $2,207/month. Mixed conditions across property types.
Avg Lease Price $2,207/mo
Median Lease $2,250/mo
Avg Asking $2,223/mo
Lease / Ask 99.3%
Leased Over Asking 11.1%
Avg DOM 65 days
Total Leased
45
all residential
Avg Lease Price
$2,207
per month
Median Lease
$2,250
mid-point
Lease / Ask
99.3%
avg ratio
Over Asking
11.1%
of all leases
Avg DOM
65
days on market
Lease Prices by Property Type
London South · February 2026
💰 Lease Price Summary
Average Lease $2,207/mo
Median Lease $2,250/mo
Avg Asking Rent $2,223/mo
Lowest Lease $1,250
Highest Lease $4,400
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 11.1%
Leased at asking 55.6%
Leased under asking 33.3%
Avg Days on Market 65 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.1% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $2,266/mo
Median Lease $2,295/mo
Avg Asking Rent $2,295/mo
Lowest Lease $1,500
Highest Lease $2,900
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 9.5%
Leased at asking 52.4%
Leased under asking 38.1%
Avg Days on Market 65 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.5% over vs 38.1% under asking.
💰 Lease Price Summary
Average Lease $2,276/mo
Median Lease $2,200/mo
Avg Asking Rent $2,290/mo
Lowest Lease $1,450
Highest Lease $4,400
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 43.8%
Leased under asking 43.8%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 43.8% under asking.
💰 Lease Price Summary
Average Lease $2,452/mo
Median Lease $2,450/mo
Avg Asking Rent $2,477/mo
Lowest Lease $2,100
Highest Lease $2,900
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 11.8%
Leased at asking 58.8%
Leased under asking 29.4%
Avg Days on Market 62 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.8% over vs 29.4% under asking.
💰 Lease Price Summary
Average Lease $1,728/mo
Median Lease $1,763/mo
Avg Asking Rent $1,712/mo
Lowest Lease $1,250
Highest Lease $2,350
Lease / Ask Ratio 101.0%
📊 Market Activity
Leased over asking 16.7%
Leased at asking 83.3%
Leased under asking 0.0%
Avg Days on Market 84 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.7% over vs 0% under asking.
Popular Ontario Cities · February 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,679 | $2,493 | 99.0% | 49d | ⚖️ Balanced |
| Mississauga | $2,546 | $2,450 | 99.0% | 46d | ⚖️ Balanced |
| Vaughan | $2,626 | $2,400 | 99.1% | 47d | ⚖️ Balanced |
| Ottawa | $2,590 | $2,500 | 99.7% | 60d | ⚖️ Balanced |
| Markham | $2,884 | $2,750 | 98.3% | 47d | 🧊 Renter-Friendly |
| Oakville | $3,006 | $2,675 | 98.8% | 53d | ⚖️ Balanced |
| Brampton | $2,404 | $2,500 | 98.0% | 48d | ⚖️ Balanced |
| Hamilton | $2,425 | $2,500 | 98.9% | 59d | ⚖️ Balanced |
Frequently Asked Questions
London South · February 2026
The average confirmed lease in London South was $2,207/month in February 2026,
based on 45 MLS® transactions. The median was
$2,250/month.
Condos averaged $2,266/mo, freehold averaged $2,276/mo, and townhouses averaged $2,452/mo.
Units in London South took an average of 65 days to lease in February 2026.
Freehold rentals averaged 56 days while condos averaged 65 days.
In February 2026, condos averaged $2,266/month while freehold rentals averaged $2,276/month —
a difference of $10/month.
London South averaged $2,207/month in February 2026. Brampton averaged $2,404/mo. See the full February 2026 Ontario lease summary →
Looking to rent in London South?
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 South, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
