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April 2026 · London South
Average Rent in London South — April 2026
57 confirmed residential leases in London South in April 2026. Average rent $2,299/month. Mixed conditions across property types.
Avg Lease Price $2,299/mo
Median Lease $2,200/mo
Avg Asking $2,339/mo
Lease / Ask 98.3%
Leased Over Asking 8.8%
Avg DOM 72 days
Previous Months
Total Leased
57
all residential
Avg Lease Price
$2,299
per month
Median Lease
$2,200
mid-point
Lease / Ask
98.3%
avg ratio
Over Asking
8.8%
of all leases
Avg DOM
72
days on market
Lease Prices by Property Type
London South · April 2026
💰 Lease Price Summary
Average Lease $2,299/mo
Median Lease $2,200/mo
Avg Asking Rent $2,339/mo
Lowest Lease $1,300
Highest Lease $5,995
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 8.8%
Leased at asking 50.9%
Leased under asking 40.4%
Avg Days on Market 72 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.8% over vs 40.4% under asking.
💰 Lease Price Summary
Average Lease $2,187/mo
Median Lease $2,195/mo
Avg Asking Rent $2,220/mo
Lowest Lease $1,622
Highest Lease $3,200
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 45.5%
Leased under asking 45.5%
Avg Days on Market 69 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 45.5% under asking.
💰 Lease Price Summary
Average Lease $2,638/mo
Median Lease $2,600/mo
Avg Asking Rent $2,704/mo
Lowest Lease $1,300
Highest Lease $5,995
Lease / Ask Ratio 97.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 57.1%
Leased under asking 42.9%
Avg Days on Market 65 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 42.9% under asking.
💰 Lease Price Summary
Average Lease $2,349/mo
Median Lease $2,300/mo
Avg Asking Rent $2,386/mo
Lowest Lease $2,000
Highest Lease $2,900
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 5.3%
Leased at asking 52.6%
Leased under asking 42.1%
Avg Days on Market 64 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.3% over vs 42.1% under asking.
💰 Lease Price Summary
Average Lease $1,707/mo
Median Lease $1,695/mo
Avg Asking Rent $1,707/mo
Lowest Lease $1,350
Highest Lease $1,950
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 33.3%
Leased at asking 33.3%
Leased under asking 33.3%
Avg Days on Market 96 days
Fast · 050Slow · 100+
⚖️ Balanced — 33.3% over vs 33.3% under asking.
Popular Ontario Cities · April 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,646 | $2,450 | 99.1% | 49d | ⚖️ Balanced |
| Mississauga | $2,566 | $2,500 | 98.9% | 45d | ⚖️ Balanced |
| Brampton | $2,483 | $2,550 | 97.7% | 50d | 🧊 Renter-Friendly |
| Vaughan | $2,569 | $2,400 | 99.0% | 48d | ⚖️ Balanced |
| Ottawa | $2,619 | $2,550 | 99.7% | 65d | ⚖️ Balanced |
| Markham | $2,763 | $2,600 | 98.4% | 45d | ⚖️ Balanced |
| Oakville | $2,971 | $2,625 | 98.5% | 51d | ⚖️ Balanced |
| Hamilton | $2,316 | $2,200 | 99.3% | 59d | ⚖️ Balanced |
Frequently Asked Questions
London South · April 2026
The average confirmed lease in London South was $2,299/month in April 2026,
based on 57 MLS® transactions. The median was
$2,200/month.
Condos averaged $2,187/mo, freehold averaged $2,638/mo, and townhouses averaged $2,349/mo.
Units in London South took an average of 72 days to lease in April 2026.
Freehold rentals averaged 65 days while condos averaged 69 days.
In April 2026, condos averaged $2,187/month while freehold rentals averaged $2,638/month —
a difference of $451/month.
London South averaged $2,299/month in April 2026. Hamilton averaged $2,316/mo. See the full April 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.
