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July 2025 · London South
Average Rent in London South — July 2025
56 confirmed residential leases in London South in July 2025. Average rent $2,336/month. Mixed conditions across property types.
Avg Lease Price $2,336/mo
Median Lease $2,400/mo
Avg Asking $2,346/mo
Lease / Ask 99.6%
Leased Over Asking 17.9%
Avg DOM 48 days
Total Leased
56
all residential
Avg Lease Price
$2,336
per month
Median Lease
$2,400
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
17.9%
of all leases
Avg DOM
48
days on market
Lease Prices by Property Type
London South · July 2025
💰 Lease Price Summary
Average Lease $2,336/mo
Median Lease $2,400/mo
Avg Asking Rent $2,346/mo
Lowest Lease $1,299
Highest Lease $3,500
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 17.9%
Leased at asking 60.7%
Leased under asking 21.4%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 17.9% over vs 21.4% under asking.
💰 Lease Price Summary
Average Lease $2,139/mo
Median Lease $2,135/mo
Avg Asking Rent $2,157/mo
Lowest Lease $1,299
Highest Lease $3,100
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 10.7%
Leased at asking 67.9%
Leased under asking 21.4%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.7% over vs 21.4% under asking.
💰 Lease Price Summary
Average Lease $2,666/mo
Median Lease $2,750/mo
Avg Asking Rent $2,671/mo
Lowest Lease $1,650
Highest Lease $3,500
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 23.8%
Leased at asking 52.4%
Leased under asking 23.8%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 23.8% over vs 23.8% under asking.
💰 Lease Price Summary
Average Lease $2,520/mo
Median Lease $2,550/mo
Avg Asking Rent $2,517/mo
Lowest Lease $1,600
Highest Lease $3,100
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 27.8%
Leased at asking 61.1%
Leased under asking 11.1%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 27.8% over vs 11.1% under asking.
💰 Lease Price Summary
Average Lease $1,548/mo
Median Lease $1,500/mo
Avg Asking Rent $1,548/mo
Lowest Lease $1,450
Highest Lease $1,695
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 68 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Popular Ontario Cities · July 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,813 | $2,550 | 99.5% | 43d | ⚖️ Balanced |
| Mississauga | $2,781 | $2,600 | 99.1% | 42d | ⚖️ Balanced |
| Vaughan | $2,678 | $2,413 | 99.1% | 41d | ⚖️ Balanced |
| Ottawa | $2,800 | $2,700 | 100.5% | 52d | ⚖️ Balanced |
| Oakville | $3,244 | $2,850 | 99.2% | 44d | ⚖️ Balanced |
| Markham | $2,973 | $2,800 | 99.3% | 42d | ⚖️ Balanced |
| Brampton | $2,665 | $2,750 | 98.5% | 42d | ⚖️ Balanced |
| Richmond Hill | $3,120 | $3,000 | 99.7% | 47d | ⚖️ Balanced |
Frequently Asked Questions
London South · July 2025
The average confirmed lease in London South was $2,336/month in July 2025,
based on 56 MLS® transactions. The median was
$2,400/month.
Condos averaged $2,139/mo, freehold averaged $2,666/mo, and townhouses averaged $2,520/mo.
Units in London South took an average of 48 days to lease in July 2025.
Freehold rentals averaged 45 days while condos averaged 50 days.
In July 2025, condos averaged $2,139/month while freehold rentals averaged $2,666/month —
a difference of $527/month.
London South averaged $2,336/month in July 2025. Brampton averaged $2,665/mo. See the full July 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.
