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August 2025 · London South
Average Rent in London South — August 2025
78 confirmed residential leases in London South in August 2025. Average rent $2,408/month. Mixed conditions across property types.
Avg Lease Price $2,408/mo
Median Lease $2,425/mo
Avg Asking $2,416/mo
Lease / Ask 99.7%
Leased Over Asking 9%
Avg DOM 53 days
Total Leased
78
all residential
Avg Lease Price
$2,408
per month
Median Lease
$2,425
mid-point
Lease / Ask
99.7%
avg ratio
Over Asking
9%
of all leases
Avg DOM
53
days on market
Lease Prices by Property Type
London South · August 2025
💰 Lease Price Summary
Average Lease $2,408/mo
Median Lease $2,425/mo
Avg Asking Rent $2,416/mo
Lowest Lease $1,300
Highest Lease $4,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 9.0%
Leased at asking 66.7%
Leased under asking 24.4%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 9% over vs 24.4% under asking.
💰 Lease Price Summary
Average Lease $2,185/mo
Median Lease $2,350/mo
Avg Asking Rent $2,191/mo
Lowest Lease $1,345
Highest Lease $2,750
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 6.5%
Leased at asking 80.6%
Leased under asking 12.9%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.5% over vs 12.9% under asking.
💰 Lease Price Summary
Average Lease $2,753/mo
Median Lease $2,800/mo
Avg Asking Rent $2,760/mo
Lowest Lease $1,300
Highest Lease $4,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 8.8%
Leased at asking 55.9%
Leased under asking 35.3%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.8% over vs 35.3% under asking.
💰 Lease Price Summary
Average Lease $2,466/mo
Median Lease $2,500/mo
Avg Asking Rent $2,482/mo
Lowest Lease $1,700
Highest Lease $2,750
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 66.7%
Leased under asking 25.0%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $1,763/mo
Median Lease $1,695/mo
Avg Asking Rent $1,757/mo
Lowest Lease $1,500
Highest Lease $2,250
Lease / Ask Ratio 100.3%
📊 Market Activity
Leased over asking 11.1%
Leased at asking 88.9%
Leased under asking 0.0%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.1% over vs 0% under asking.
Popular Ontario Cities · August 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,833 | $2,590 | 99.6% | 43d | ⚖️ Balanced |
| Mississauga | $2,769 | $2,650 | 99.3% | 42d | ⚖️ Balanced |
| Vaughan | $2,631 | $2,400 | 99.3% | 42d | ⚖️ Balanced |
| Ottawa | $2,759 | $2,650 | 100.1% | 50d | ⚖️ Balanced |
| Oakville | $3,309 | $3,000 | 99.2% | 41d | ⚖️ Balanced |
| Markham | $2,937 | $2,850 | 99.2% | 41d | ⚖️ Balanced |
| Richmond Hill | $3,098 | $3,000 | 99.2% | 44d | ⚖️ Balanced |
| Hamilton | $2,326 | $2,160 | 99.5% | 50d | ⚖️ Balanced |
Frequently Asked Questions
London South · August 2025
The average confirmed lease in London South was $2,408/month in August 2025,
based on 78 MLS® transactions. The median was
$2,425/month.
Condos averaged $2,185/mo, freehold averaged $2,753/mo, and townhouses averaged $2,466/mo.
Units in London South took an average of 53 days to lease in August 2025.
Freehold rentals averaged 50 days while condos averaged 57 days.
In August 2025, condos averaged $2,185/month while freehold rentals averaged $2,753/month —
a difference of $568/month.
London South averaged $2,408/month in August 2025. Vaughan averaged $2,631/mo. Hamilton averaged $2,326/mo. See the full August 2025 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.
