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June 2025 · Markham
Average Rent in Markham — June 2025
461 confirmed residential leases in Markham in June 2025. Average rent $2,991/month. Mixed conditions across property types.
Avg Lease Price $2,991/mo
Median Lease $2,900/mo
Avg Asking $3,025/mo
Lease / Ask 98.9%
Leased Over Asking 7.6%
Avg DOM 44 days
Total Leased
461
all residential
Avg Lease Price
$2,991
per month
Median Lease
$2,900
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
7.6%
of all leases
Avg DOM
44
days on market
Lease Prices by Property Type
Markham · June 2025
💰 Lease Price Summary
Average Lease $2,991/mo
Median Lease $2,900/mo
Avg Asking Rent $3,025/mo
Lowest Lease $800
Highest Lease $7,200
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 7.6%
Leased at asking 56.0%
Leased under asking 36.4%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.6% over vs 36.4% under asking.
💰 Lease Price Summary
Average Lease $2,683/mo
Median Lease $2,550/mo
Avg Asking Rent $2,712/mo
Lowest Lease $1,700
Highest Lease $4,700
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 6.5%
Leased at asking 56.6%
Leased under asking 36.9%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.5% over vs 36.9% under asking.
💰 Lease Price Summary
Average Lease $3,602/mo
Median Lease $3,700/mo
Avg Asking Rent $3,652/mo
Lowest Lease $1,400
Highest Lease $7,200
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 11.9%
Leased at asking 54.1%
Leased under asking 33.9%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.9% over vs 33.9% under asking.
💰 Lease Price Summary
Average Lease $3,332/mo
Median Lease $3,300/mo
Avg Asking Rent $3,363/mo
Lowest Lease $1,500
Highest Lease $4,500
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 6.6%
Leased at asking 52.7%
Leased under asking 40.7%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.6% over vs 40.7% under asking.
💰 Lease Price Summary
Average Lease $2,400/mo
Median Lease $2,400/mo
Avg Asking Rent $2,400/mo
Lowest Lease $2,100
Highest Lease $2,700
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 12 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · June 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,784 | $2,500 | 99.4% | 44d | ⚖️ Balanced |
| Richmond Hill | $3,096 | $3,000 | 99.0% | 46d | ⚖️ Balanced |
| Pickering | $2,693 | $2,750 | 99.4% | 41d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,021 | $2,980 | 99.1% | 44d | ⚖️ Balanced |
| Ajax | $2,771 | $2,900 | 99.5% | 48d | ⚖️ Balanced |
| Uxbridge | $3,500 | $3,500 | 100.0% | 53d | ⚖️ Balanced |
Frequently Asked Questions
Markham · June 2025
The average confirmed lease in Markham was $2,991/month in June 2025,
based on 461 MLS® transactions. The median was
$2,900/month.
Condos averaged $2,683/mo, freehold averaged $3,602/mo, and townhouses averaged $3,332/mo.
Units in Markham took an average of 44 days to lease in June 2025.
Freehold rentals averaged 50 days while condos averaged 41 days.
In June 2025, condos averaged $2,683/month while freehold rentals averaged $3,602/month —
a difference of $919/month.
Markham averaged $2,991/month in June 2025. Whitchurch Stouffville averaged $3,021/mo. Toronto averaged $2,784/mo. See the full June 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.
