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February 2026 · Markham
Average Rent in Markham — February 2026
311 confirmed residential leases in Markham in February 2026. Average rent $2,884/month. 50.5% of units leased below asking — renters have negotiating leverage.
Avg Lease Price $2,884/mo
Median Lease $2,750/mo
Avg Asking $2,935/mo
Lease / Ask 98.3%
Leased Over Asking 4.8%
Avg DOM 47 days
Total Leased
311
all residential
Avg Lease Price
$2,884
per month
Median Lease
$2,750
mid-point
Lease / Ask
98.3%
avg ratio
Over Asking
4.8%
of all leases
Avg DOM
47
days on market
Lease Prices by Property Type
Markham · February 2026
💰 Lease Price Summary
Average Lease $2,884/mo
Median Lease $2,750/mo
Avg Asking Rent $2,935/mo
Lowest Lease $1,250
Highest Lease $7,888
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 4.8%
Leased at asking 44.7%
Leased under asking 50.5%
Avg Days on Market 47 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50.5% leased below asking. Avg 47 days on market.
💰 Lease Price Summary
Average Lease $2,562/mo
Median Lease $2,400/mo
Avg Asking Rent $2,607/mo
Lowest Lease $1,775
Highest Lease $5,000
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 4.4%
Leased at asking 44.2%
Leased under asking 51.4%
Avg Days on Market 44 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 51.4% leased below asking. Avg 44 days on market.
💰 Lease Price Summary
Average Lease $3,396/mo
Median Lease $3,450/mo
Avg Asking Rent $3,454/mo
Lowest Lease $1,250
Highest Lease $7,888
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 5.6%
Leased at asking 45.1%
Leased under asking 49.3%
Avg Days on Market 54 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.6% over vs 49.3% under asking.
💰 Lease Price Summary
Average Lease $3,199/mo
Median Lease $3,150/mo
Avg Asking Rent $3,254/mo
Lowest Lease $2,000
Highest Lease $4,400
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 6.1%
Leased at asking 45.1%
Leased under asking 48.8%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.1% over vs 48.8% under asking.
💰 Lease Price Summary
Average Lease $2,325/mo
Median Lease $2,325/mo
Avg Asking Rent $2,350/mo
Lowest Lease $1,900
Highest Lease $2,750
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 50.0%
Leased under asking 50.0%
Avg Days on Market 40 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 40 days on market.
Nearby Cities · February 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,679 | $2,493 | 99.0% | 49d | ⚖️ Balanced |
| Richmond Hill | $2,914 | $2,850 | 98.6% | 55d | ⚖️ Balanced |
| Pickering | $2,653 | $2,675 | 99.3% | 46d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,153 | $3,200 | 99.3% | 41d | ⚖️ Balanced |
| Ajax | $2,564 | $2,725 | 98.4% | 49d | ⚖️ Balanced |
| Uxbridge | $2,507 | $2,500 | 99.0% | 50d | ⚖️ Balanced |
Frequently Asked Questions
Markham · February 2026
The average confirmed lease in Markham was $2,884/month in February 2026,
based on 311 MLS® transactions. The median was
$2,750/month.
Condos averaged $2,562/mo, freehold averaged $3,396/mo, and townhouses averaged $3,199/mo.
Units in Markham took an average of 47 days to lease in February 2026.
Freehold rentals averaged 54 days while condos averaged 44 days.
In February 2026, condos averaged $2,562/month while freehold rentals averaged $3,396/month —
a difference of $834/month.
Markham averaged $2,884/month in February 2026. Richmond Hill averaged $2,914/mo. Toronto averaged $2,679/mo. See the full February 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.
