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October 2025 · Markham
Average Rent in Markham — October 2025
360 confirmed residential leases in Markham in October 2025. Average rent $2,860/month. Mixed conditions across property types.
Avg Lease Price $2,860/mo
Median Lease $2,800/mo
Avg Asking $2,891/mo
Lease / Ask 98.9%
Leased Over Asking 6.1%
Avg DOM 44 days
Total Leased
360
all residential
Avg Lease Price
$2,860
per month
Median Lease
$2,800
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
6.1%
of all leases
Avg DOM
44
days on market
Lease Prices by Property Type
Markham · October 2025
💰 Lease Price Summary
Average Lease $2,860/mo
Median Lease $2,800/mo
Avg Asking Rent $2,891/mo
Lowest Lease $1,000
Highest Lease $5,500
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 6.1%
Leased at asking 60.6%
Leased under asking 33.3%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.1% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $2,633/mo
Median Lease $2,450/mo
Avg Asking Rent $2,661/mo
Lowest Lease $1,500
Highest Lease $5,500
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 2.1%
Leased at asking 65.5%
Leased under asking 32.5%
Avg Days on Market 38 days
Fast · 050Slow · 100+
⚖️ Balanced — 2.1% over vs 32.5% under asking.
💰 Lease Price Summary
Average Lease $3,074/mo
Median Lease $3,450/mo
Avg Asking Rent $3,117/mo
Lowest Lease $1,000
Highest Lease $5,388
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 8.0%
Leased at asking 55.0%
Leased under asking 37.0%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 8% over vs 37% under asking.
💰 Lease Price Summary
Average Lease $3,177/mo
Median Lease $3,225/mo
Avg Asking Rent $3,205/mo
Lowest Lease $1,200
Highest Lease $4,700
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 12.2%
Leased at asking 52.4%
Leased under asking 35.4%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.2% over vs 35.4% under asking.
🏗
No multi-unit data for October 2025
Not enough multi-unit lease transactions in
Markham this month to generate a summary.
Nearby Cities · October 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,849 | $2,600 | 99.4% | 41d | ⚖️ Balanced |
| Richmond Hill | $3,147 | $2,970 | 99.4% | 42d | ⚖️ Balanced |
| Pickering | $2,695 | $2,750 | 99.4% | 42d | ⚖️ Balanced |
| Whitchurch Stouffville | $2,860 | $2,988 | 99.8% | 47d | ⚖️ Balanced |
| Ajax | $2,811 | $3,025 | 99.5% | 44d | ⚖️ Balanced |
| Uxbridge | $2,858 | $3,040 | 96.6% | 59d | 🧊 Renter-Friendly |
Frequently Asked Questions
Markham · October 2025
The average confirmed lease in Markham was $2,860/month in October 2025,
based on 360 MLS® transactions. The median was
$2,800/month.
Condos averaged $2,633/mo, freehold averaged $3,074/mo, and townhouses averaged $3,177/mo.
Units in Markham took an average of 44 days to lease in October 2025.
Freehold rentals averaged 56 days while condos averaged 38 days.
In October 2025, condos averaged $2,633/month while freehold rentals averaged $3,074/month —
a difference of $441/month.
Markham averaged $2,860/month in October 2025. Richmond Hill averaged $3,147/mo. Uxbridge averaged $2,858/mo. See the full October 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.
