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October 2025 · London South
Average Rent in London South — October 2025
53 confirmed residential leases in London South in October 2025. Average rent $2,349/month. Mixed conditions across property types.
Avg Lease Price $2,349/mo
Median Lease $2,450/mo
Avg Asking $2,372/mo
Lease / Ask 99.0%
Leased Over Asking 7.5%
Avg DOM 52 days
Total Leased
53
all residential
Avg Lease Price
$2,349
per month
Median Lease
$2,450
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
7.5%
of all leases
Avg DOM
52
days on market
Lease Prices by Property Type
London South · October 2025
💰 Lease Price Summary
Average Lease $2,349/mo
Median Lease $2,450/mo
Avg Asking Rent $2,372/mo
Lowest Lease $1,375
Highest Lease $3,350
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 7.5%
Leased at asking 62.3%
Leased under asking 30.2%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.5% over vs 30.2% under asking.
💰 Lease Price Summary
Average Lease $2,322/mo
Median Lease $2,375/mo
Avg Asking Rent $2,340/mo
Lowest Lease $1,582
Highest Lease $3,300
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 4.0%
Leased at asking 68.0%
Leased under asking 28.0%
Avg Days on Market 63 days
Fast · 050Slow · 100+
⚖️ Balanced — 4% over vs 28% under asking.
💰 Lease Price Summary
Average Lease $2,592/mo
Median Lease $2,549/mo
Avg Asking Rent $2,632/mo
Lowest Lease $1,750
Highest Lease $3,350
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 15.4%
Leased at asking 38.5%
Leased under asking 46.2%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.4% over vs 46.2% under asking.
💰 Lease Price Summary
Average Lease $2,466/mo
Median Lease $2,500/mo
Avg Asking Rent $2,492/mo
Lowest Lease $1,500
Highest Lease $2,800
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 69.6%
Leased under asking 30.4%
Avg Days on Market 54 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 30.4% under asking.
💰 Lease Price Summary
Average Lease $1,846/mo
Median Lease $1,699/mo
Avg Asking Rent $1,845/mo
Lowest Lease $1,375
Highest Lease $2,650
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 71.4%
Leased under asking 14.3%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 14.3% under asking.
Popular Ontario Cities · October 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,849 | $2,600 | 99.4% | 41d | ⚖️ Balanced |
| Mississauga | $2,732 | $2,600 | 99.3% | 39d | ⚖️ Balanced |
| Vaughan | $2,679 | $2,500 | 99.6% | 37d | ⚖️ Balanced |
| Ottawa | $2,719 | $2,600 | 99.9% | 46d | ⚖️ Balanced |
| Markham | $2,860 | $2,800 | 98.9% | 44d | ⚖️ Balanced |
| Oakville | $3,186 | $2,800 | 99.3% | 37d | ⚖️ Balanced |
| Brampton | $2,693 | $2,800 | 98.5% | 41d | ⚖️ Balanced |
| Richmond Hill | $3,147 | $2,970 | 99.4% | 42d | ⚖️ Balanced |
Frequently Asked Questions
London South · October 2025
The average confirmed lease in London South was $2,349/month in October 2025,
based on 53 MLS® transactions. The median was
$2,450/month.
Condos averaged $2,322/mo, freehold averaged $2,592/mo, and townhouses averaged $2,466/mo.
Units in London South took an average of 52 days to lease in October 2025.
Freehold rentals averaged 41 days while condos averaged 63 days.
In October 2025, condos averaged $2,322/month while freehold rentals averaged $2,592/month —
a difference of $270/month.
London South averaged $2,349/month in October 2025. Vaughan averaged $2,679/mo. See the full October 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.
