Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
January 2026 · Markham
Average Rent in Markham — January 2026
275 confirmed residential leases in Markham in January 2026. Average rent $2,882/month. Mixed conditions across property types.
Avg Lease Price $2,882/mo
Median Lease $2,750/mo
Avg Asking $2,925/mo
Lease / Ask 98.5%
Leased Over Asking 3.6%
Avg DOM 50 days
Total Leased
275
all residential
Avg Lease Price
$2,882
per month
Median Lease
$2,750
mid-point
Lease / Ask
98.5%
avg ratio
Over Asking
3.6%
of all leases
Avg DOM
50
days on market
Lease Prices by Property Type
Markham · January 2026
💰 Lease Price Summary
Average Lease $2,882/mo
Median Lease $2,750/mo
Avg Asking Rent $2,925/mo
Lowest Lease $800
Highest Lease $7,000
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 3.6%
Leased at asking 53.8%
Leased under asking 42.5%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.6% over vs 42.5% under asking.
💰 Lease Price Summary
Average Lease $2,627/mo
Median Lease $2,450/mo
Avg Asking Rent $2,662/mo
Lowest Lease $1,600
Highest Lease $7,000
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 3.3%
Leased at asking 60.1%
Leased under asking 36.6%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.3% over vs 36.6% under asking.
💰 Lease Price Summary
Average Lease $3,348/mo
Median Lease $3,475/mo
Avg Asking Rent $3,397/mo
Lowest Lease $1,300
Highest Lease $6,000
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 4.5%
Leased at asking 50.0%
Leased under asking 45.5%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.5% over vs 45.5% under asking.
💰 Lease Price Summary
Average Lease $3,062/mo
Median Lease $3,100/mo
Avg Asking Rent $3,119/mo
Lowest Lease $800
Highest Lease $4,600
Lease / Ask Ratio 98.2%
📊 Market Activity
Leased over asking 1.4%
Leased at asking 45.8%
Leased under asking 52.8%
Avg Days on Market 55 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 52.8% leased below asking. Avg 55 days on market.
💰 Lease Price Summary
Average Lease $1,667/mo
Median Lease $1,800/mo
Avg Asking Rent $1,663/mo
Lowest Lease $1,400
Highest Lease $1,800
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 33.3%
Leased at asking 33.3%
Leased under asking 33.3%
Avg Days on Market 86 days
Fast · 050Slow · 100+
⚖️ Balanced — 33.3% over vs 33.3% under asking.
Nearby Cities · January 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,712 | $2,485 | 99.0% | 49d | ⚖️ Balanced |
| Richmond Hill | $2,932 | $2,860 | 98.5% | 53d | 🧊 Renter-Friendly |
| Pickering | $2,594 | $2,675 | 99.6% | 50d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,087 | $3,100 | 99.0% | 63d | ⚖️ Balanced |
| Ajax | $2,506 | $2,650 | 100.6% | 62d | ⚖️ Balanced |
| Uxbridge | $3,400 | $3,400 | 100.7% | 87d | 🔥 High Demand |
Frequently Asked Questions
Markham · January 2026
The average confirmed lease in Markham was $2,882/month in January 2026,
based on 275 MLS® transactions. The median was
$2,750/month.
Condos averaged $2,627/mo, freehold averaged $3,348/mo, and townhouses averaged $3,062/mo.
Units in Markham took an average of 50 days to lease in January 2026.
Freehold rentals averaged 53 days while condos averaged 47 days.
In January 2026, condos averaged $2,627/month while freehold rentals averaged $3,348/month —
a difference of $721/month.
Markham averaged $2,882/month in January 2026. Richmond Hill averaged $2,932/mo. Toronto averaged $2,712/mo. See the full January 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.
