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May 2026 · Markham
Average Rent in Markham — May 2026
467 confirmed residential leases in Markham in May 2026. Average rent $2,805/month. Mixed conditions across property types.
Avg Lease Price $2,805/mo
Median Lease $2,595/mo
Avg Asking $2,829/mo
Lease / Ask 99.1%
Leased Over Asking 7.5%
Avg DOM 27 days
Previous Months
Total Leased
467
all residential
Avg Lease Price
$2,805
per month
Median Lease
$2,595
mid-point
Lease / Ask
99.1%
avg ratio
Over Asking
7.5%
of all leases
Avg DOM
27
days on market
Lease Prices by Property Type
Markham · May 2026
💰 Lease Price Summary
Average Lease $2,805/mo
Median Lease $2,595/mo
Avg Asking Rent $2,829/mo
Lowest Lease $900
Highest Lease $12,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 7.5%
Leased at asking 55.7%
Leased under asking 36.8%
Avg Days on Market 27 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.5% over vs 36.8% under asking.
💰 Lease Price Summary
Average Lease $2,540/mo
Median Lease $2,400/mo
Avg Asking Rent $2,565/mo
Lowest Lease $900
Highest Lease $4,750
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 5.8%
Leased at asking 59.3%
Leased under asking 34.9%
Avg Days on Market 25 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.8% over vs 34.9% under asking.
💰 Lease Price Summary
Average Lease $3,204/mo
Median Lease $3,350/mo
Avg Asking Rent $3,236/mo
Lowest Lease $1,050
Highest Lease $12,000
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 10.6%
Leased at asking 51.3%
Leased under asking 38.1%
Avg Days on Market 33 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.6% over vs 38.1% under asking.
💰 Lease Price Summary
Average Lease $3,138/mo
Median Lease $3,188/mo
Avg Asking Rent $3,160/mo
Lowest Lease $900
Highest Lease $6,500
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 7.3%
Leased at asking 53.2%
Leased under asking 39.4%
Avg Days on Market 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.3% over vs 39.4% under asking.
💰 Lease Price Summary
Average Lease $1,608/mo
Median Lease $1,700/mo
Avg Asking Rent $1,633/mo
Lowest Lease $1,350
Highest Lease $1,775
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 33.3%
Leased under asking 66.7%
Avg Days on Market 41 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 66.7% leased below asking. Avg 41 days on market.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,751 | $2,500 | 99.7% | 23d | ⚖️ Balanced |
| Richmond Hill | $3,012 | $2,900 | 99.2% | 29d | ⚖️ Balanced |
| Pickering | $2,598 | $2,650 | 100.3% | 25d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,120 | $3,150 | 99.2% | 23d | ⚖️ Balanced |
| Ajax | $2,399 | $2,400 | 99.8% | 32d | ⚖️ Balanced |
| Uxbridge | $2,940 | $3,080 | 100.5% | 44d | ⚖️ Balanced |
Frequently Asked Questions
Markham · May 2026
The average confirmed lease in Markham was $2,805/month in May 2026,
based on 467 MLS® transactions. The median was
$2,595/month.
Condos averaged $2,540/mo, freehold averaged $3,204/mo, and townhouses averaged $3,138/mo.
Units in Markham took an average of 27 days to lease in May 2026.
Freehold rentals averaged 33 days while condos averaged 25 days.
In May 2026, condos averaged $2,540/month while freehold rentals averaged $3,204/month —
a difference of $664/month.
Markham averaged $2,805/month in May 2026. Uxbridge averaged $2,940/mo. Toronto averaged $2,751/mo. See the full May 2026 Ontario lease summary →
Looking to rent in Markham?
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 Markham, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
