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December 2025 · London South
Average Rent in London South — December 2025
62 confirmed residential leases in London South in December 2025. Average rent $2,228/month. Mixed conditions across property types.
Avg Lease Price $2,228/mo
Median Lease $2,200/mo
Avg Asking $2,261/mo
Lease / Ask 98.5%
Leased Over Asking 8.1%
Avg DOM 53 days
Total Leased
62
all residential
Avg Lease Price
$2,228
per month
Median Lease
$2,200
mid-point
Lease / Ask
98.5%
avg ratio
Over Asking
8.1%
of all leases
Avg DOM
53
days on market
Lease Prices by Property Type
London South · December 2025
💰 Lease Price Summary
Average Lease $2,228/mo
Median Lease $2,200/mo
Avg Asking Rent $2,261/mo
Lowest Lease $550
Highest Lease $4,200
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 8.1%
Leased at asking 67.7%
Leased under asking 24.2%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.1% over vs 24.2% under asking.
💰 Lease Price Summary
Average Lease $2,152/mo
Median Lease $2,225/mo
Avg Asking Rent $2,172/mo
Lowest Lease $1,570
Highest Lease $2,750
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 70.0%
Leased under asking 30.0%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 30% under asking.
💰 Lease Price Summary
Average Lease $2,474/mo
Median Lease $2,600/mo
Avg Asking Rent $2,486/mo
Lowest Lease $1,300
Highest Lease $4,200
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 16.1%
Leased at asking 61.3%
Leased under asking 22.6%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.1% over vs 22.6% under asking.
💰 Lease Price Summary
Average Lease $2,418/mo
Median Lease $2,388/mo
Avg Asking Rent $2,441/mo
Lowest Lease $2,150
Highest Lease $2,750
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 64.3%
Leased under asking 35.7%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 35.7% under asking.
💰 Lease Price Summary
Average Lease $1,407/mo
Median Lease $1,448/mo
Avg Asking Rent $1,562/mo
Lowest Lease $550
Highest Lease $2,200
Lease / Ask Ratio 90.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 87.5%
Leased under asking 12.5%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 12.5% under asking.
Popular Ontario Cities · December 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,708 | $2,500 | 99.2% | 44d | ⚖️ Balanced |
| Mississauga | $2,641 | $2,500 | 99.1% | 41d | ⚖️ Balanced |
| Vaughan | $2,690 | $2,450 | 98.5% | 41d | ⚖️ Balanced |
| Ottawa | $2,628 | $2,550 | 99.8% | 52d | ⚖️ Balanced |
| Oakville | $3,047 | $2,800 | 98.5% | 46d | ⚖️ Balanced |
| Markham | $2,852 | $2,775 | 98.5% | 48d | ⚖️ Balanced |
| Brampton | $2,637 | $2,700 | 99.2% | 45d | ⚖️ Balanced |
| Richmond Hill | $3,001 | $2,950 | 99.0% | 44d | ⚖️ Balanced |
Frequently Asked Questions
London South · December 2025
The average confirmed lease in London South was $2,228/month in December 2025,
based on 62 MLS® transactions. The median was
$2,200/month.
Condos averaged $2,152/mo, freehold averaged $2,474/mo, and townhouses averaged $2,418/mo.
Units in London South took an average of 53 days to lease in December 2025.
Freehold rentals averaged 51 days while condos averaged 51 days.
In December 2025, condos averaged $2,152/month while freehold rentals averaged $2,474/month —
a difference of $322/month.
London South averaged $2,228/month in December 2025. Ottawa averaged $2,628/mo. See the full December 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.
