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May 2026 · Milton
Average Rent in Milton — May 2026
171 confirmed residential leases in Milton in May 2026. Average rent $2,685/month. Mixed conditions across property types.
Avg Lease Price $2,685/mo
Median Lease $2,750/mo
Avg Asking $2,693/mo
Lease / Ask 99.7%
Leased Over Asking 15.2%
Avg DOM 25 days
Previous Months
Total Leased
171
all residential
Avg Lease Price
$2,685
per month
Median Lease
$2,750
mid-point
Lease / Ask
99.7%
avg ratio
Over Asking
15.2%
of all leases
Avg DOM
25
days on market
Lease Prices by Property Type
Milton · May 2026
💰 Lease Price Summary
Average Lease $2,685/mo
Median Lease $2,750/mo
Avg Asking Rent $2,693/mo
Lowest Lease $1,300
Highest Lease $4,200
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 15.2%
Leased at asking 56.7%
Leased under asking 28.1%
Avg Days on Market 25 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.2% over vs 28.1% under asking.
💰 Lease Price Summary
Average Lease $2,379/mo
Median Lease $2,300/mo
Avg Asking Rent $2,406/mo
Lowest Lease $1,900
Highest Lease $3,400
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 7.3%
Leased at asking 57.3%
Leased under asking 35.4%
Avg Days on Market 27 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.3% over vs 35.4% under asking.
💰 Lease Price Summary
Average Lease $2,915/mo
Median Lease $3,200/mo
Avg Asking Rent $2,894/mo
Lowest Lease $1,350
Highest Lease $4,200
Lease / Ask Ratio 100.7%
📊 Market Activity
Leased over asking 27.7%
Leased at asking 48.9%
Leased under asking 23.4%
Avg Days on Market 26 days
Fast · 050Slow · 100+
⚖️ Balanced — 27.7% over vs 23.4% under asking.
💰 Lease Price Summary
Average Lease $3,080/mo
Median Lease $3,100/mo
Avg Asking Rent $3,085/mo
Lowest Lease $2,650
Highest Lease $3,800
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 17.8%
Leased at asking 62.2%
Leased under asking 20.0%
Avg Days on Market 18 days
Fast · 050Slow · 100+
⚖️ Balanced — 17.8% over vs 20% under asking.
💰 Lease Price Summary
Average Lease $2,000/mo
Median Lease $1,800/mo
Avg Asking Rent $2,067/mo
Lowest Lease $1,300
Highest Lease $2,900
Lease / Ask Ratio 96.8%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 66.7%
Leased under asking 33.3%
Avg Days on Market 75 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 33.3% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Oakville | $3,246 | $3,000 | 99.7% | 23d | ⚖️ Balanced |
| Mississauga | $2,687 | $2,580 | 99.0% | 26d | ⚖️ Balanced |
| Halton Hills | $2,436 | $2,500 | 98.5% | 29d | ⚖️ Balanced |
| Brampton | $2,607 | $2,650 | 98.9% | 30d | ⚖️ Balanced |
| Guelph | $2,559 | $2,450 | 99.0% | 29d | ⚖️ Balanced |
| Burlington | $2,714 | $2,500 | 99.0% | 21d | ⚖️ Balanced |
Frequently Asked Questions
Milton · May 2026
The average confirmed lease in Milton was $2,685/month in May 2026,
based on 171 MLS® transactions. The median was
$2,750/month.
Condos averaged $2,379/mo, freehold averaged $2,915/mo, and townhouses averaged $3,080/mo.
Units in Milton took an average of 25 days to lease in May 2026.
Freehold rentals averaged 26 days while condos averaged 27 days.
In May 2026, condos averaged $2,379/month while freehold rentals averaged $2,915/month —
a difference of $536/month.
Milton averaged $2,685/month in May 2026. Mississauga averaged $2,687/mo. Brampton averaged $2,607/mo. See the full May 2026 Ontario lease summary →
Looking to rent in Milton?
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 Milton, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
