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May 2025 · London South
Average Rent in London South — May 2025
45 confirmed residential leases in London South in May 2025. Average rent $2,512/month. Mixed conditions across property types.
Avg Lease Price $2,512/mo
Median Lease $2,550/mo
Avg Asking $2,515/mo
Lease / Ask 99.9%
Leased Over Asking 15.6%
Avg DOM 52 days
Total Leased
45
all residential
Avg Lease Price
$2,512
per month
Median Lease
$2,550
mid-point
Lease / Ask
99.9%
avg ratio
Over Asking
15.6%
of all leases
Avg DOM
52
days on market
Lease Prices by Property Type
London South · May 2025
💰 Lease Price Summary
Average Lease $2,512/mo
Median Lease $2,550/mo
Avg Asking Rent $2,515/mo
Lowest Lease $1,450
Highest Lease $5,500
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 15.6%
Leased at asking 64.4%
Leased under asking 20.0%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.6% over vs 20% under asking.
💰 Lease Price Summary
Average Lease $2,359/mo
Median Lease $2,400/mo
Avg Asking Rent $2,372/mo
Lowest Lease $1,582
Highest Lease $3,200
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 10.5%
Leased at asking 68.4%
Leased under asking 21.1%
Avg Days on Market 62 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.5% over vs 21.1% under asking.
💰 Lease Price Summary
Average Lease $2,867/mo
Median Lease $2,750/mo
Avg Asking Rent $2,855/mo
Lowest Lease $1,500
Highest Lease $5,500
Lease / Ask Ratio 100.4%
📊 Market Activity
Leased over asking 23.5%
Leased at asking 58.8%
Leased under asking 17.6%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 23.5% over vs 17.6% under asking.
💰 Lease Price Summary
Average Lease $2,615/mo
Median Lease $2,650/mo
Avg Asking Rent $2,638/mo
Lowest Lease $2,250
Highest Lease $3,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 61.5%
Leased under asking 30.8%
Avg Days on Market 66 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 30.8% under asking.
💰 Lease Price Summary
Average Lease $2,006/mo
Median Lease $2,000/mo
Avg Asking Rent $2,020/mo
Lowest Lease $1,450
Highest Lease $2,750
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 57.1%
Leased under asking 28.6%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 28.6% under asking.
Popular Ontario Cities · May 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,761 | $2,545 | 99.3% | 44d | ⚖️ Balanced |
| Mississauga | $2,751 | $2,637 | 98.9% | 44d | ⚖️ Balanced |
| Vaughan | $2,658 | $2,450 | 99.9% | 40d | ⚖️ Balanced |
| Oakville | $3,086 | $2,700 | 98.8% | 44d | ⚖️ Balanced |
| Ottawa | $2,649 | $2,595 | 99.7% | 55d | ⚖️ Balanced |
| Markham | $2,930 | $2,800 | 98.9% | 43d | ⚖️ Balanced |
| Brampton | $2,681 | $2,700 | 99.4% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,013 | $2,900 | 99.0% | 46d | ⚖️ Balanced |
Frequently Asked Questions
London South · May 2025
The average confirmed lease in London South was $2,512/month in May 2025,
based on 45 MLS® transactions. The median was
$2,550/month.
Condos averaged $2,359/mo, freehold averaged $2,867/mo, and townhouses averaged $2,615/mo.
Units in London South took an average of 52 days to lease in May 2025.
Freehold rentals averaged 46 days while condos averaged 62 days.
In May 2025, condos averaged $2,359/month while freehold rentals averaged $2,867/month —
a difference of $508/month.
London South averaged $2,512/month in May 2025. Ottawa averaged $2,649/mo. See the full May 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.
