Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
January 2026 · London South
Average Rent in London South — January 2026
37 confirmed residential leases in London South in January 2026. Average rent $2,322/month. Mixed conditions across property types.
Avg Lease Price $2,322/mo
Median Lease $2,400/mo
Avg Asking $2,342/mo
Lease / Ask 99.2%
Leased Over Asking 13.5%
Avg DOM 68 days
Total Leased
37
all residential
Avg Lease Price
$2,322
per month
Median Lease
$2,400
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
13.5%
of all leases
Avg DOM
68
days on market
Lease Prices by Property Type
London South · January 2026
💰 Lease Price Summary
Average Lease $2,322/mo
Median Lease $2,400/mo
Avg Asking Rent $2,342/mo
Lowest Lease $1,525
Highest Lease $3,800
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 13.5%
Leased at asking 56.8%
Leased under asking 29.7%
Avg Days on Market 68 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.5% over vs 29.7% under asking.
💰 Lease Price Summary
Average Lease $2,088/mo
Median Lease $2,150/mo
Avg Asking Rent $2,125/mo
Lowest Lease $1,550
Highest Lease $2,550
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 37.5%
Leased under asking 50.0%
Avg Days on Market 67 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 67 days on market.
💰 Lease Price Summary
Average Lease $2,569/mo
Median Lease $2,600/mo
Avg Asking Rent $2,573/mo
Lowest Lease $1,600
Highest Lease $3,800
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 15.4%
Leased at asking 69.2%
Leased under asking 15.4%
Avg Days on Market 62 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.4% over vs 15.4% under asking.
💰 Lease Price Summary
Average Lease $2,540/mo
Median Lease $2,525/mo
Avg Asking Rent $2,570/mo
Lowest Lease $2,200
Highest Lease $3,000
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 25.0%
Leased at asking 41.7%
Leased under asking 33.3%
Avg Days on Market 64 days
Fast · 050Slow · 100+
⚖️ Balanced — 25% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $1,968/mo
Median Lease $1,723/mo
Avg Asking Rent $1,992/mo
Lowest Lease $1,525
Highest Lease $2,900
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 75.0%
Leased under asking 25.0%
Avg Days on Market 82 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 25% under asking.
Popular Ontario Cities · January 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,712 | $2,485 | 99.0% | 49d | ⚖️ Balanced |
| Mississauga | $2,560 | $2,450 | 98.5% | 47d | ⚖️ Balanced |
| Ottawa | $2,565 | $2,500 | 99.4% | 58d | ⚖️ Balanced |
| Vaughan | $2,597 | $2,350 | 99.0% | 45d | ⚖️ Balanced |
| Oakville | $3,122 | $2,800 | 98.6% | 52d | ⚖️ Balanced |
| Markham | $2,882 | $2,750 | 98.5% | 50d | ⚖️ Balanced |
| Brampton | $2,552 | $2,600 | 97.8% | 49d | ⚖️ Balanced |
| Richmond Hill | $2,932 | $2,860 | 98.5% | 53d | 🧊 Renter-Friendly |
Frequently Asked Questions
London South · January 2026
The average confirmed lease in London South was $2,322/month in January 2026,
based on 37 MLS® transactions. The median was
$2,400/month.
Condos averaged $2,088/mo, freehold averaged $2,569/mo, and townhouses averaged $2,540/mo.
Units in London South took an average of 68 days to lease in January 2026.
Freehold rentals averaged 62 days while condos averaged 67 days.
In January 2026, condos averaged $2,088/month while freehold rentals averaged $2,569/month —
a difference of $481/month.
London South averaged $2,322/month in January 2026. Brampton averaged $2,552/mo. See the full January 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.
