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November 2025 · Markham
Average Rent in Markham — November 2025
319 confirmed residential leases in Markham in November 2025. Average rent $2,846/month. Mixed conditions across property types.
Avg Lease Price $2,846/mo
Median Lease $2,800/mo
Avg Asking $2,877/mo
Lease / Ask 98.9%
Leased Over Asking 5%
Avg DOM 47 days
Total Leased
319
all residential
Avg Lease Price
$2,846
per month
Median Lease
$2,800
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
5%
of all leases
Avg DOM
47
days on market
Lease Prices by Property Type
Markham · November 2025
💰 Lease Price Summary
Average Lease $2,846/mo
Median Lease $2,800/mo
Avg Asking Rent $2,877/mo
Lowest Lease $990
Highest Lease $5,500
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 5.0%
Leased at asking 54.2%
Leased under asking 40.8%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 5% over vs 40.8% under asking.
💰 Lease Price Summary
Average Lease $2,599/mo
Median Lease $2,450/mo
Avg Asking Rent $2,625/mo
Lowest Lease $1,450
Highest Lease $4,150
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 3.4%
Leased at asking 53.4%
Leased under asking 43.1%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.4% over vs 43.1% under asking.
💰 Lease Price Summary
Average Lease $3,167/mo
Median Lease $3,300/mo
Avg Asking Rent $3,197/mo
Lowest Lease $1,500
Highest Lease $5,500
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 8.4%
Leased at asking 51.8%
Leased under asking 39.8%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.4% over vs 39.8% under asking.
💰 Lease Price Summary
Average Lease $3,161/mo
Median Lease $3,250/mo
Avg Asking Rent $3,209/mo
Lowest Lease $990
Highest Lease $4,150
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 4.2%
Leased at asking 54.9%
Leased under asking 40.8%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.2% over vs 40.8% under asking.
💰 Lease Price Summary
Average Lease $2,200/mo
Median Lease $1,900/mo
Avg Asking Rent $2,216/mo
Lowest Lease $1,800
Highest Lease $3,150
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 80.0%
Leased under asking 20.0%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 20% under asking.
Nearby Cities · November 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,772 | $2,500 | 99.1% | 42d | ⚖️ Balanced |
| Richmond Hill | $2,985 | $2,850 | 98.6% | 47d | ⚖️ Balanced |
| Pickering | $2,770 | $2,800 | 99.6% | 42d | ⚖️ Balanced |
| Whitchurch Stouffville | $2,791 | $3,000 | 97.7% | 48d | ⚖️ Balanced |
| Ajax | $2,620 | $2,675 | 101.0% | 39d | ⚖️ Balanced |
Frequently Asked Questions
Markham · November 2025
The average confirmed lease in Markham was $2,846/month in November 2025,
based on 319 MLS® transactions. The median was
$2,800/month.
Condos averaged $2,599/mo, freehold averaged $3,167/mo, and townhouses averaged $3,161/mo.
Units in Markham took an average of 47 days to lease in November 2025.
Freehold rentals averaged 52 days while condos averaged 44 days.
In November 2025, condos averaged $2,599/month while freehold rentals averaged $3,167/month —
a difference of $568/month.
Markham averaged $2,846/month in November 2025. Richmond Hill averaged $2,985/mo. Whitchurch Stouffville averaged $2,791/mo. See the full November 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.
