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March 2026 · Markham
Average Rent in Markham — March 2026
388 confirmed residential leases in Markham in March 2026. Average rent $2,682/month. Mixed conditions across property types.
Avg Lease Price $2,682/mo
Median Lease $2,550/mo
Avg Asking $2,727/mo
Lease / Ask 98.4%
Leased Over Asking 7%
Avg DOM 48 days
Total Leased
388
all residential
Avg Lease Price
$2,682
per month
Median Lease
$2,550
mid-point
Lease / Ask
98.4%
avg ratio
Over Asking
7%
of all leases
Avg DOM
48
days on market
Lease Prices by Property Type
Markham · March 2026
💰 Lease Price Summary
Average Lease $2,682/mo
Median Lease $2,550/mo
Avg Asking Rent $2,727/mo
Lowest Lease $750
Highest Lease $6,500
Lease / Ask Ratio 98.4%
📊 Market Activity
Leased over asking 7.0%
Leased at asking 48.2%
Leased under asking 44.8%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 7% over vs 44.8% under asking.
💰 Lease Price Summary
Average Lease $2,491/mo
Median Lease $2,400/mo
Avg Asking Rent $2,533/mo
Lowest Lease $1,500
Highest Lease $4,400
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 5.9%
Leased at asking 50.0%
Leased under asking 44.1%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.9% over vs 44.1% under asking.
💰 Lease Price Summary
Average Lease $2,948/mo
Median Lease $3,100/mo
Avg Asking Rent $2,993/mo
Lowest Lease $750
Highest Lease $6,500
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 9.9%
Leased at asking 51.6%
Leased under asking 38.5%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.9% over vs 38.5% under asking.
💰 Lease Price Summary
Average Lease $3,025/mo
Median Lease $3,075/mo
Avg Asking Rent $3,087/mo
Lowest Lease $1,350
Highest Lease $4,500
Lease / Ask Ratio 98.0%
📊 Market Activity
Leased over asking 3.8%
Leased at asking 38.5%
Leased under asking 57.7%
Avg Days on Market 53 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 57.7% leased below asking. Avg 53 days on market.
💰 Lease Price Summary
Average Lease $1,796/mo
Median Lease $1,650/mo
Avg Asking Rent $1,786/mo
Lowest Lease $1,180
Highest Lease $2,750
Lease / Ask Ratio 100.6%
📊 Market Activity
Leased over asking 20.0%
Leased at asking 60.0%
Leased under asking 20.0%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 20% over vs 20% under asking.
Nearby Cities · March 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,724 | $2,450 | 98.9% | 49d | ⚖️ Balanced |
| Richmond Hill | $2,886 | $2,800 | 98.6% | 48d | ⚖️ Balanced |
| Pickering | $2,601 | $2,650 | 99.3% | 46d | ⚖️ Balanced |
| Whitchurch Stouffville | $2,873 | $2,825 | 99.0% | 64d | ⚖️ Balanced |
| Ajax | $2,472 | $2,600 | 99.0% | 57d | ⚖️ Balanced |
| Uxbridge | $3,762 | $3,475 | 96.9% | 29d | ⚖️ Balanced |
Frequently Asked Questions
Markham · March 2026
The average confirmed lease in Markham was $2,682/month in March 2026,
based on 388 MLS® transactions. The median was
$2,550/month.
Condos averaged $2,491/mo, freehold averaged $2,948/mo, and townhouses averaged $3,025/mo.
Units in Markham took an average of 48 days to lease in March 2026.
Freehold rentals averaged 56 days while condos averaged 44 days.
In March 2026, condos averaged $2,491/month while freehold rentals averaged $2,948/month —
a difference of $457/month.
Markham averaged $2,682/month in March 2026. Toronto averaged $2,724/mo. Pickering averaged $2,601/mo. See the full March 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.
