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September 2025 · Markham
Average Rent in Markham — September 2025
450 confirmed residential leases in Markham in September 2025. Average rent $2,941/month. Mixed conditions across property types.
Avg Lease Price $2,941/mo
Median Lease $2,850/mo
Avg Asking $2,970/mo
Lease / Ask 99.0%
Leased Over Asking 6%
Avg DOM 40 days
Total Leased
450
all residential
Avg Lease Price
$2,941
per month
Median Lease
$2,850
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
6%
of all leases
Avg DOM
40
days on market
Lease Prices by Property Type
Markham · September 2025
💰 Lease Price Summary
Average Lease $2,941/mo
Median Lease $2,850/mo
Avg Asking Rent $2,970/mo
Lowest Lease $999
Highest Lease $9,000
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 6.0%
Leased at asking 60.7%
Leased under asking 33.3%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 6% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $2,672/mo
Median Lease $2,500/mo
Avg Asking Rent $2,698/mo
Lowest Lease $1,680
Highest Lease $4,850
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 3.8%
Leased at asking 62.1%
Leased under asking 34.1%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 3.8% over vs 34.1% under asking.
💰 Lease Price Summary
Average Lease $3,355/mo
Median Lease $3,400/mo
Avg Asking Rent $3,393/mo
Lowest Lease $999
Highest Lease $9,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 8.5%
Leased at asking 59.0%
Leased under asking 32.5%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.5% over vs 32.5% under asking.
💰 Lease Price Summary
Average Lease $3,321/mo
Median Lease $3,495/mo
Avg Asking Rent $3,342/mo
Lowest Lease $1,200
Highest Lease $4,850
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 8.9%
Leased at asking 56.7%
Leased under asking 34.4%
Avg Days on Market 35 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.9% over vs 34.4% under asking.
💰 Lease Price Summary
Average Lease $1,704/mo
Median Lease $1,800/mo
Avg Asking Rent $1,759/mo
Lowest Lease $1,120
Highest Lease $2,400
Lease / Ask Ratio 96.9%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 60.0%
Leased under asking 40.0%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 40% under asking.
Nearby Cities · September 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,816 | $2,590 | 99.6% | 41d | ⚖️ Balanced |
| Richmond Hill | $3,065 | $2,900 | 98.0% | 43d | ⚖️ Balanced |
| Pickering | $2,839 | $2,800 | 101.6% | 42d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,213 | $3,200 | 99.5% | 45d | ⚖️ Balanced |
| Ajax | $2,700 | $2,850 | 99.6% | 47d | ⚖️ Balanced |
| Uxbridge | $3,164 | $3,500 | 99.1% | 54d | ⚖️ Balanced |
Frequently Asked Questions
Markham · September 2025
The average confirmed lease in Markham was $2,941/month in September 2025,
based on 450 MLS® transactions. The median was
$2,850/month.
Condos averaged $2,672/mo, freehold averaged $3,355/mo, and townhouses averaged $3,321/mo.
Units in Markham took an average of 40 days to lease in September 2025.
Freehold rentals averaged 45 days while condos averaged 40 days.
In September 2025, condos averaged $2,672/month while freehold rentals averaged $3,355/month —
a difference of $683/month.
Markham averaged $2,941/month in September 2025. Richmond Hill averaged $3,065/mo. Pickering averaged $2,839/mo. See the full September 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.
