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July 2025 · Markham
Average Rent in Markham — July 2025
504 confirmed residential leases in Markham in July 2025. Average rent $2,973/month. Mixed conditions across property types.
Avg Lease Price $2,973/mo
Median Lease $2,800/mo
Avg Asking $2,994/mo
Lease / Ask 99.3%
Leased Over Asking 7.1%
Avg DOM 42 days
Total Leased
504
all residential
Avg Lease Price
$2,973
per month
Median Lease
$2,800
mid-point
Lease / Ask
99.3%
avg ratio
Over Asking
7.1%
of all leases
Avg DOM
42
days on market
Lease Prices by Property Type
Markham · July 2025
💰 Lease Price Summary
Average Lease $2,973/mo
Median Lease $2,800/mo
Avg Asking Rent $2,994/mo
Lowest Lease $700
Highest Lease $24,500
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 61.7%
Leased under asking 31.2%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 31.2% under asking.
💰 Lease Price Summary
Average Lease $2,639/mo
Median Lease $2,500/mo
Avg Asking Rent $2,657/mo
Lowest Lease $1,950
Highest Lease $4,000
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 4.4%
Leased at asking 67.5%
Leased under asking 28.1%
Avg Days on Market 38 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.4% over vs 28.1% under asking.
💰 Lease Price Summary
Average Lease $3,493/mo
Median Lease $3,550/mo
Avg Asking Rent $3,528/mo
Lowest Lease $1,175
Highest Lease $24,500
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 10.5%
Leased at asking 54.0%
Leased under asking 35.5%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.5% over vs 35.5% under asking.
💰 Lease Price Summary
Average Lease $3,307/mo
Median Lease $3,290/mo
Avg Asking Rent $3,317/mo
Lowest Lease $1,680
Highest Lease $8,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 9.2%
Leased at asking 59.2%
Leased under asking 31.7%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.2% over vs 31.7% under asking.
💰 Lease Price Summary
Average Lease $1,800/mo
Median Lease $1,800/mo
Avg Asking Rent $1,750/mo
Lowest Lease $1,800
Highest Lease $1,800
Lease / Ask Ratio 102.9%
📊 Market Activity
Leased over asking 100.0%
Leased at asking 0.0%
Leased under asking 0.0%
Avg Days on Market 28 days
Fast · 050Slow · 100+
🔥 High demand — 100% leased above asking at a 102.86% lease-to-ask ratio.
Nearby Cities · July 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,813 | $2,550 | 99.5% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,120 | $3,000 | 99.7% | 47d | ⚖️ Balanced |
| Pickering | $2,745 | $2,700 | 99.6% | 42d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,126 | $3,000 | 100.5% | 48d | ⚖️ Balanced |
| Ajax | $2,519 | $2,813 | 99.3% | 43d | ⚖️ Balanced |
| Uxbridge | $2,883 | $3,075 | 100.0% | 37d | ⚖️ Balanced |
Frequently Asked Questions
Markham · July 2025
The average confirmed lease in Markham was $2,973/month in July 2025,
based on 504 MLS® transactions. The median was
$2,800/month.
Condos averaged $2,639/mo, freehold averaged $3,493/mo, and townhouses averaged $3,307/mo.
Units in Markham took an average of 42 days to lease in July 2025.
Freehold rentals averaged 49 days while condos averaged 38 days.
In July 2025, condos averaged $2,639/month while freehold rentals averaged $3,493/month —
a difference of $854/month.
Markham averaged $2,973/month in July 2025. Richmond Hill averaged $3,120/mo. Uxbridge averaged $2,883/mo. See the full July 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.
