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August 2025 · Markham
Average Rent in Markham — August 2025
565 confirmed residential leases in Markham in August 2025. Average rent $2,937/month. Mixed conditions across property types.
Avg Lease Price $2,937/mo
Median Lease $2,850/mo
Avg Asking $2,960/mo
Lease / Ask 99.2%
Leased Over Asking 7.1%
Avg DOM 41 days
Total Leased
565
all residential
Avg Lease Price
$2,937
per month
Median Lease
$2,850
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
7.1%
of all leases
Avg DOM
41
days on market
Lease Prices by Property Type
Markham · August 2025
💰 Lease Price Summary
Average Lease $2,937/mo
Median Lease $2,850/mo
Avg Asking Rent $2,960/mo
Lowest Lease $850
Highest Lease $7,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 60.0%
Leased under asking 32.9%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 32.9% under asking.
💰 Lease Price Summary
Average Lease $2,629/mo
Median Lease $2,500/mo
Avg Asking Rent $2,650/mo
Lowest Lease $1,850
Highest Lease $4,350
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 4.9%
Leased at asking 64.7%
Leased under asking 30.4%
Avg Days on Market 39 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.9% over vs 30.4% under asking.
💰 Lease Price Summary
Average Lease $3,399/mo
Median Lease $3,600/mo
Avg Asking Rent $3,427/mo
Lowest Lease $1,250
Highest Lease $7,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 10.4%
Leased at asking 51.5%
Leased under asking 38.1%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.4% over vs 38.1% under asking.
💰 Lease Price Summary
Average Lease $3,315/mo
Median Lease $3,373/mo
Avg Asking Rent $3,340/mo
Lowest Lease $1,200
Highest Lease $5,300
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 7.9%
Leased at asking 56.3%
Leased under asking 35.7%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.9% over vs 35.7% under asking.
💰 Lease Price Summary
Average Lease $1,600/mo
Median Lease $1,600/mo
Avg Asking Rent $1,575/mo
Lowest Lease $1,450
Highest Lease $1,750
Lease / Ask Ratio 101.6%
📊 Market Activity
Leased over asking 50.0%
Leased at asking 50.0%
Leased under asking 0.0%
Avg Days on Market 55 days
Fast · 050Slow · 100+
🔥 High demand — 50% leased above asking at a 101.59% lease-to-ask ratio.
Nearby Cities · August 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,833 | $2,590 | 99.6% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,098 | $3,000 | 99.2% | 44d | ⚖️ Balanced |
| Pickering | $2,752 | $2,763 | 99.4% | 37d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,105 | $3,050 | 98.6% | 41d | ⚖️ Balanced |
| Ajax | $2,616 | $2,700 | 98.3% | 39d | ⚖️ Balanced |
| Uxbridge | $2,800 | $2,800 | 100.0% | 40d | ⚖️ Balanced |
Frequently Asked Questions
Markham · August 2025
The average confirmed lease in Markham was $2,937/month in August 2025,
based on 565 MLS® transactions. The median was
$2,850/month.
Condos averaged $2,629/mo, freehold averaged $3,399/mo, and townhouses averaged $3,315/mo.
Units in Markham took an average of 41 days to lease in August 2025.
Freehold rentals averaged 44 days while condos averaged 39 days.
In August 2025, condos averaged $2,629/month while freehold rentals averaged $3,399/month —
a difference of $770/month.
Markham averaged $2,937/month in August 2025. Richmond Hill averaged $3,098/mo. Toronto averaged $2,833/mo. See the full August 2025 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.
