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May 2025 · Markham
Average Rent in Markham — May 2025
447 confirmed residential leases in Markham in May 2025. Average rent $2,930/month. Mixed conditions across property types.
Avg Lease Price $2,930/mo
Median Lease $2,800/mo
Avg Asking $2,963/mo
Lease / Ask 98.9%
Leased Over Asking 6.5%
Avg DOM 43 days
Total Leased
447
all residential
Avg Lease Price
$2,930
per month
Median Lease
$2,800
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
6.5%
of all leases
Avg DOM
43
days on market
Lease Prices by Property Type
Markham · May 2025
💰 Lease Price Summary
Average Lease $2,930/mo
Median Lease $2,800/mo
Avg Asking Rent $2,963/mo
Lowest Lease $999
Highest Lease $8,350
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 6.5%
Leased at asking 60.0%
Leased under asking 33.6%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.5% over vs 33.6% under asking.
💰 Lease Price Summary
Average Lease $2,636/mo
Median Lease $2,500/mo
Avg Asking Rent $2,662/mo
Lowest Lease $1,650
Highest Lease $4,700
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 4.3%
Leased at asking 60.9%
Leased under asking 34.8%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.3% over vs 34.8% under asking.
💰 Lease Price Summary
Average Lease $3,354/mo
Median Lease $3,500/mo
Avg Asking Rent $3,396/mo
Lowest Lease $999
Highest Lease $8,350
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 10.7%
Leased at asking 60.3%
Leased under asking 28.9%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.7% over vs 28.9% under asking.
💰 Lease Price Summary
Average Lease $3,322/mo
Median Lease $3,300/mo
Avg Asking Rent $3,360/mo
Lowest Lease $1,300
Highest Lease $4,700
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 5.7%
Leased at asking 56.8%
Leased under asking 37.5%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.7% over vs 37.5% under asking.
💰 Lease Price Summary
Average Lease $2,210/mo
Median Lease $2,200/mo
Avg Asking Rent $2,230/mo
Lowest Lease $1,500
Highest Lease $3,150
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 20.0%
Leased at asking 60.0%
Leased under asking 20.0%
Avg Days on Market 63 days
Fast · 050Slow · 100+
⚖️ Balanced — 20% over vs 20% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,761 | $2,545 | 99.3% | 44d | ⚖️ Balanced |
| Richmond Hill | $3,013 | $2,900 | 99.0% | 46d | ⚖️ Balanced |
| Pickering | $2,607 | $2,550 | 99.6% | 43d | ⚖️ Balanced |
| Whitchurch Stouffville | $2,643 | $2,850 | 100.1% | 56d | ⚖️ Balanced |
| Ajax | $2,550 | $2,600 | 100.1% | 44d | ⚖️ Balanced |
| Uxbridge | $2,620 | $2,200 | 99.2% | 65d | ⚖️ Balanced |
Frequently Asked Questions
Markham · May 2025
The average confirmed lease in Markham was $2,930/month in May 2025,
based on 447 MLS® transactions. The median was
$2,800/month.
Condos averaged $2,636/mo, freehold averaged $3,354/mo, and townhouses averaged $3,322/mo.
Units in Markham took an average of 43 days to lease in May 2025.
Freehold rentals averaged 47 days while condos averaged 40 days.
In May 2025, condos averaged $2,636/month while freehold rentals averaged $3,354/month —
a difference of $718/month.
Markham averaged $2,930/month in May 2025. Richmond Hill averaged $3,013/mo. Toronto averaged $2,761/mo. See the full May 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.
