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September 2025 · London South
Average Rent in London South — September 2025
53 confirmed residential leases in London South in September 2025. Average rent $2,546/month. Mixed conditions across property types.
Avg Lease Price $2,546/mo
Median Lease $2,400/mo
Avg Asking $2,561/mo
Lease / Ask 99.4%
Leased Over Asking 13.2%
Avg DOM 40 days
Total Leased
53
all residential
Avg Lease Price
$2,546
per month
Median Lease
$2,400
mid-point
Lease / Ask
99.4%
avg ratio
Over Asking
13.2%
of all leases
Avg DOM
40
days on market
Lease Prices by Property Type
London South · September 2025
💰 Lease Price Summary
Average Lease $2,546/mo
Median Lease $2,400/mo
Avg Asking Rent $2,561/mo
Lowest Lease $1,499
Highest Lease $6,250
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 13.2%
Leased at asking 66.0%
Leased under asking 20.8%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.2% over vs 20.8% under asking.
💰 Lease Price Summary
Average Lease $2,180/mo
Median Lease $2,200/mo
Avg Asking Rent $2,195/mo
Lowest Lease $1,650
Highest Lease $2,900
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 5.9%
Leased at asking 70.6%
Leased under asking 23.5%
Avg Days on Market 38 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.9% over vs 23.5% under asking.
💰 Lease Price Summary
Average Lease $3,298/mo
Median Lease $3,000/mo
Avg Asking Rent $3,320/mo
Lowest Lease $1,800
Highest Lease $6,250
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 19.0%
Leased at asking 52.4%
Leased under asking 28.6%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 19% over vs 28.6% under asking.
💰 Lease Price Summary
Average Lease $2,429/mo
Median Lease $2,400/mo
Avg Asking Rent $2,458/mo
Lowest Lease $1,800
Highest Lease $2,900
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 66.7%
Leased under asking 25.0%
Avg Days on Market 38 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $1,740/mo
Median Lease $1,725/mo
Avg Asking Rent $1,732/mo
Lowest Lease $1,499
Highest Lease $2,100
Lease / Ask Ratio 100.5%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 91.7%
Leased under asking 0.0%
Avg Days on Market 37 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 0% under asking.
Popular Ontario Cities · September 2025
Top Ontario cities by lease volume — avg confirmed rent across all residential types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,816 | $2,590 | 99.6% | 41d | ⚖️ Balanced |
| Mississauga | $2,716 | $2,600 | 99.4% | 40d | ⚖️ Balanced |
| Ottawa | $2,818 | $2,675 | 100.1% | 53d | ⚖️ Balanced |
| Vaughan | $2,634 | $2,450 | 99.4% | 40d | ⚖️ Balanced |
| Oakville | $3,138 | $2,800 | 99.2% | 40d | ⚖️ Balanced |
| Markham | $2,941 | $2,850 | 99.0% | 40d | ⚖️ Balanced |
| Richmond Hill | $3,065 | $2,900 | 98.0% | 43d | ⚖️ Balanced |
| Hamilton | $2,412 | $2,350 | 99.5% | 49d | ⚖️ Balanced |
Frequently Asked Questions
London South · September 2025
The average confirmed lease in London South was $2,546/month in September 2025,
based on 53 MLS® transactions. The median was
$2,400/month.
Condos averaged $2,180/mo, freehold averaged $3,298/mo, and townhouses averaged $2,429/mo.
Units in London South took an average of 40 days to lease in September 2025.
Freehold rentals averaged 43 days while condos averaged 38 days.
In September 2025, condos averaged $2,180/month while freehold rentals averaged $3,298/month —
a difference of $1,118/month.
London South averaged $2,546/month in September 2025. Vaughan averaged $2,634/mo. Hamilton averaged $2,412/mo. See the full September 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.
