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March 2026 · London South
Average Rent in London South — March 2026
38 confirmed residential leases in London South in March 2026. Average rent $2,261/month. Mixed conditions across property types.
Avg Lease Price $2,261/mo
Median Lease $2,350/mo
Avg Asking $2,285/mo
Lease / Ask 98.9%
Leased Over Asking 7.9%
Avg DOM 62 days
Total Leased
38
all residential
Avg Lease Price
$2,261
per month
Median Lease
$2,350
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
7.9%
of all leases
Avg DOM
62
days on market
Lease Prices by Property Type
London South · March 2026
💰 Lease Price Summary
Average Lease $2,261/mo
Median Lease $2,350/mo
Avg Asking Rent $2,285/mo
Lowest Lease $1,495
Highest Lease $3,450
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 7.9%
Leased at asking 63.2%
Leased under asking 28.9%
Avg Days on Market 62 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.9% over vs 28.9% under asking.
💰 Lease Price Summary
Average Lease $2,280/mo
Median Lease $2,350/mo
Avg Asking Rent $2,303/mo
Lowest Lease $1,699
Highest Lease $2,700
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 68.8%
Leased under asking 31.3%
Avg Days on Market 68 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 31.3% under asking.
💰 Lease Price Summary
Average Lease $2,377/mo
Median Lease $2,473/mo
Avg Asking Rent $2,396/mo
Lowest Lease $1,600
Highest Lease $3,450
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 18.8%
Leased at asking 50.0%
Leased under asking 31.3%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 18.8% over vs 31.3% under asking.
💰 Lease Price Summary
Average Lease $2,368/mo
Median Lease $2,350/mo
Avg Asking Rent $2,415/mo
Lowest Lease $1,850
Highest Lease $2,700
Lease / Ask Ratio 98.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 53.8%
Leased under asking 46.2%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 46.2% under asking.
💰 Lease Price Summary
Average Lease $1,582/mo
Median Lease $1,500/mo
Avg Asking Rent $1,582/mo
Lowest Lease $1,495
Highest Lease $1,750
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 73 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Popular Ontario Cities · March 2026
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,724 | $2,450 | 98.9% | 49d | ⚖️ Balanced |
| Mississauga | $2,590 | $2,450 | 98.7% | 48d | ⚖️ Balanced |
| Vaughan | $2,604 | $2,378 | 98.8% | 47d | ⚖️ Balanced |
| Ottawa | $2,551 | $2,500 | 99.7% | 63d | ⚖️ Balanced |
| Brampton | $2,442 | $2,500 | 98.1% | 49d | ⚖️ Balanced |
| Markham | $2,682 | $2,550 | 98.4% | 48d | ⚖️ Balanced |
| Oakville | $3,003 | $2,750 | 98.6% | 50d | ⚖️ Balanced |
| Hamilton | $2,301 | $2,200 | 99.0% | 59d | ⚖️ Balanced |
Frequently Asked Questions
London South · March 2026
The average confirmed lease in London South was $2,261/month in March 2026,
based on 38 MLS® transactions. The median was
$2,350/month.
Condos averaged $2,280/mo, freehold averaged $2,377/mo, and townhouses averaged $2,368/mo.
Units in London South took an average of 62 days to lease in March 2026.
Freehold rentals averaged 56 days while condos averaged 68 days.
In March 2026, condos averaged $2,280/month while freehold rentals averaged $2,377/month —
a difference of $97/month.
London South averaged $2,261/month in March 2026. Hamilton averaged $2,301/mo. See the full March 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.
