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September 2026 · London South
Average Rent in London South — September 2026
47 confirmed residential leases in London South in September 2026. Average rent $2,128/month. Mixed conditions across property types.
Avg Lease Price $2,128/mo
Median Lease $2,195/mo
Avg Asking $2,146/mo
Lease / Ask 99.2%
Leased Over Asking 6.4%
Avg DOM 38 days
Previous Months
Total Leased
47
all residential
Avg Lease Price
$2,128
per month
Median Lease
$2,195
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
6.4%
of all leases
Avg DOM
38
days on market
Lease Prices by Property Type
London South · September 2026
💰 Lease Price Summary
Average Lease $2,128/mo
Median Lease $2,195/mo
Avg Asking Rent $2,146/mo
Lowest Lease $550
Highest Lease $3,250
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 6.4%
Leased at asking 61.7%
Leased under asking 31.9%
Avg Days on Market 38 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.4% over vs 31.9% under asking.
💰 Lease Price Summary
Average Lease $2,139/mo
Median Lease $2,148/mo
Avg Asking Rent $2,173/mo
Lowest Lease $1,400
Highest Lease $3,000
Lease / Ask Ratio 98.4%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 59.1%
Leased under asking 40.9%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 40.9% under asking.
💰 Lease Price Summary
Average Lease $2,327/mo
Median Lease $2,373/mo
Avg Asking Rent $2,329/mo
Lowest Lease $1,475
Highest Lease $3,250
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 62.5%
Leased under asking 25.0%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $2,397/mo
Median Lease $2,500/mo
Avg Asking Rent $2,425/mo
Lowest Lease $2,000
Highest Lease $2,795
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 63.6%
Leased under asking 36.4%
Avg Days on Market 39 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 36.4% under asking.
💰 Lease Price Summary
Average Lease $1,613/mo
Median Lease $1,333/mo
Avg Asking Rent $1,622/mo
Lowest Lease $550
Highest Lease $2,900
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 62.5%
Leased under asking 25.0%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 25% under asking.
Popular Ontario Cities · September 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,798 | $2,525 | 99.8% | 21d | ⚖️ Balanced |
| Mississauga | $2,753 | $2,600 | 99.6% | 21d | ⚖️ Balanced |
| Ottawa | $2,675 | $2,550 | 99.9% | 26d | ⚖️ Balanced |
| Vaughan | $2,685 | $2,450 | 99.4% | 22d | ⚖️ Balanced |
| Markham | $2,854 | $2,850 | 98.9% | 24d | ⚖️ Balanced |
| Oakville | $3,166 | $2,800 | 99.7% | 21d | ⚖️ Balanced |
| Richmond Hill | $2,952 | $2,900 | 99.4% | 23d | ⚖️ Balanced |
| Brampton | $2,661 | $2,750 | 99.0% | 24d | ⚖️ Balanced |
Frequently Asked Questions
London South · September 2026
The average confirmed lease in London South was $2,128/month in September 2026,
based on 47 MLS® transactions. The median was
$2,195/month.
Condos averaged $2,139/mo, freehold averaged $2,327/mo, and townhouses averaged $2,397/mo.
Units in London South took an average of 38 days to lease in September 2026.
Freehold rentals averaged 37 days while condos averaged 37 days.
In September 2026, condos averaged $2,139/month while freehold rentals averaged $2,327/month —
a difference of $188/month.
London South averaged $2,128/month in September 2026. Brampton averaged $2,661/mo. See the full September 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.
