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May 2026 · London South
Average Rent in London South — May 2026
60 confirmed residential leases in London South in May 2026. Average rent $2,291/month. Mixed conditions across property types.
Avg Lease Price $2,291/mo
Median Lease $2,300/mo
Avg Asking $2,309/mo
Lease / Ask 99.2%
Leased Over Asking 5%
Avg DOM 31 days
Previous Months
Total Leased
60
all residential
Avg Lease Price
$2,291
per month
Median Lease
$2,300
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
5%
of all leases
Avg DOM
31
days on market
Lease Prices by Property Type
London South · May 2026
💰 Lease Price Summary
Average Lease $2,291/mo
Median Lease $2,300/mo
Avg Asking Rent $2,309/mo
Lowest Lease $1,250
Highest Lease $3,900
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 5.0%
Leased at asking 73.3%
Leased under asking 21.7%
Avg Days on Market 31 days
Fast · 050Slow · 100+
⚖️ Balanced — 5% over vs 21.7% under asking.
💰 Lease Price Summary
Average Lease $2,247/mo
Median Lease $2,300/mo
Avg Asking Rent $2,263/mo
Lowest Lease $1,600
Highest Lease $2,800
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 60.7%
Leased under asking 32.1%
Avg Days on Market 33 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 32.1% under asking.
💰 Lease Price Summary
Average Lease $2,575/mo
Median Lease $2,650/mo
Avg Asking Rent $2,604/mo
Lowest Lease $1,250
Highest Lease $3,900
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 4.8%
Leased at asking 76.2%
Leased under asking 19.0%
Avg Days on Market 22 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.8% over vs 19% under asking.
💰 Lease Price Summary
Average Lease $2,387/mo
Median Lease $2,400/mo
Avg Asking Rent $2,404/mo
Lowest Lease $2,100
Highest Lease $2,800
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 4.3%
Leased at asking 65.2%
Leased under asking 30.4%
Avg Days on Market 36 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.3% over vs 30.4% under asking.
💰 Lease Price Summary
Average Lease $1,735/mo
Median Lease $1,750/mo
Avg Asking Rent $1,735/mo
Lowest Lease $1,395
Highest Lease $2,200
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 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Popular Ontario Cities · May 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,751 | $2,500 | 99.7% | 23d | ⚖️ Balanced |
| Mississauga | $2,687 | $2,580 | 99.0% | 26d | ⚖️ Balanced |
| Ottawa | $2,624 | $2,600 | 100.1% | 26d | ⚖️ Balanced |
| Markham | $2,805 | $2,595 | 99.1% | 27d | ⚖️ Balanced |
| Vaughan | $2,687 | $2,400 | 99.8% | 26d | ⚖️ Balanced |
| Oakville | $3,246 | $3,000 | 99.7% | 23d | ⚖️ Balanced |
| Brampton | $2,607 | $2,650 | 98.9% | 30d | ⚖️ Balanced |
| Richmond Hill | $3,012 | $2,900 | 99.2% | 29d | ⚖️ Balanced |
Frequently Asked Questions
London South · May 2026
The average confirmed lease in London South was $2,291/month in May 2026,
based on 60 MLS® transactions. The median was
$2,300/month.
Condos averaged $2,247/mo, freehold averaged $2,575/mo, and townhouses averaged $2,387/mo.
Units in London South took an average of 31 days to lease in May 2026.
Freehold rentals averaged 22 days while condos averaged 33 days.
In May 2026, condos averaged $2,247/month while freehold rentals averaged $2,575/month —
a difference of $328/month.
London South averaged $2,291/month in May 2026. Brampton averaged $2,607/mo. See the full May 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.
