Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
July 2026 · London South
Average Rent in London South — July 2026
67 confirmed residential leases in London South in July 2026. Average rent $2,283/month. Mixed conditions across property types.
Avg Lease Price $2,283/mo
Median Lease $2,295/mo
Avg Asking $2,293/mo
Lease / Ask 99.6%
Leased Over Asking 11.9%
Avg DOM 34 days
Previous Months
Total Leased
67
all residential
Avg Lease Price
$2,283
per month
Median Lease
$2,295
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
11.9%
of all leases
Avg DOM
34
days on market
Lease Prices by Property Type
London South · July 2026
💰 Lease Price Summary
Average Lease $2,283/mo
Median Lease $2,295/mo
Avg Asking Rent $2,293/mo
Lowest Lease $599
Highest Lease $3,800
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 11.9%
Leased at asking 70.1%
Leased under asking 17.9%
Avg Days on Market 34 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.9% over vs 17.9% under asking.
💰 Lease Price Summary
Average Lease $2,062/mo
Median Lease $2,150/mo
Avg Asking Rent $2,094/mo
Lowest Lease $1,399
Highest Lease $2,800
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 11.5%
Leased at asking 53.8%
Leased under asking 34.6%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.5% over vs 34.6% under asking.
💰 Lease Price Summary
Average Lease $2,579/mo
Median Lease $2,725/mo
Avg Asking Rent $2,576/mo
Lowest Lease $1,000
Highest Lease $3,800
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 78.1%
Leased under asking 9.4%
Avg Days on Market 25 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 9.4% under asking.
💰 Lease Price Summary
Average Lease $2,345/mo
Median Lease $2,375/mo
Avg Asking Rent $2,377/mo
Lowest Lease $1,600
Highest Lease $2,800
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 5.6%
Leased at asking 66.7%
Leased under asking 27.8%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.6% over vs 27.8% under asking.
💰 Lease Price Summary
Average Lease $1,496/mo
Median Lease $1,423/mo
Avg Asking Rent $1,482/mo
Lowest Lease $1,295
Highest Lease $1,845
Lease / Ask Ratio 100.9%
📊 Market Activity
Leased over asking 25.0%
Leased at asking 75.0%
Leased under asking 0.0%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 25% over vs 0% under asking.
Popular Ontario Cities · July 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,771 | $2,500 | 99.7% | 22d | ⚖️ Balanced |
| Mississauga | $2,722 | $2,600 | 99.6% | 21d | ⚖️ Balanced |
| Ottawa | $2,734 | $2,600 | 100.6% | 25d | ⚖️ Balanced |
| Markham | $2,832 | $2,800 | 99.1% | 26d | ⚖️ Balanced |
| Vaughan | $2,669 | $2,450 | 99.6% | 24d | ⚖️ Balanced |
| Oakville | $3,309 | $2,900 | 99.5% | 19d | ⚖️ Balanced |
| Hamilton | $2,376 | $2,300 | 99.7% | 36d | ⚖️ Balanced |
| Richmond Hill | $3,019 | $2,885 | 99.6% | 25d | ⚖️ Balanced |
Frequently Asked Questions
London South · July 2026
The average confirmed lease in London South was $2,283/month in July 2026,
based on 67 MLS® transactions. The median was
$2,295/month.
Condos averaged $2,062/mo, freehold averaged $2,579/mo, and townhouses averaged $2,345/mo.
Units in London South took an average of 34 days to lease in July 2026.
Freehold rentals averaged 25 days while condos averaged 48 days.
In July 2026, condos averaged $2,062/month while freehold rentals averaged $2,579/month —
a difference of $517/month.
London South averaged $2,283/month in July 2026. Hamilton averaged $2,376/mo. See the full July 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.
