Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
May 2025 · Mississauga
Average Rent in Mississauga — May 2025
866 confirmed residential leases in Mississauga in May 2025. Average rent $2,751/month. Mixed conditions across property types.
Avg Lease Price $2,751/mo
Median Lease $2,637/mo
Avg Asking $2,781/mo
Lease / Ask 98.9%
Leased Over Asking 7.5%
Avg DOM 44 days
Total Leased
866
all residential
Avg Lease Price
$2,751
per month
Median Lease
$2,637
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
7.5%
of all leases
Avg DOM
44
days on market
Lease Prices by Property Type
Mississauga · May 2025
💰 Lease Price Summary
Average Lease $2,751/mo
Median Lease $2,637/mo
Avg Asking Rent $2,781/mo
Lowest Lease $1,200
Highest Lease $7,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 7.5%
Leased at asking 56.7%
Leased under asking 35.8%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.5% over vs 35.8% under asking.
💰 Lease Price Summary
Average Lease $2,636/mo
Median Lease $2,550/mo
Avg Asking Rent $2,668/mo
Lowest Lease $1,480
Highest Lease $6,000
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 5.8%
Leased at asking 56.7%
Leased under asking 37.6%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.8% over vs 37.6% under asking.
💰 Lease Price Summary
Average Lease $3,065/mo
Median Lease $3,050/mo
Avg Asking Rent $3,093/mo
Lowest Lease $1,200
Highest Lease $7,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 11.3%
Leased at asking 60.4%
Leased under asking 28.3%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.3% over vs 28.3% under asking.
💰 Lease Price Summary
Average Lease $3,245/mo
Median Lease $3,200/mo
Avg Asking Rent $3,273/mo
Lowest Lease $1,940
Highest Lease $7,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 10.7%
Leased at asking 55.7%
Leased under asking 33.6%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.7% over vs 33.6% under asking.
💰 Lease Price Summary
Average Lease $2,192/mo
Median Lease $2,300/mo
Avg Asking Rent $2,204/mo
Lowest Lease $1,800
Highest Lease $2,500
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 33.3%
Leased at asking 33.3%
Leased under asking 33.3%
Avg Days on Market 33 days
Fast · 050Slow · 100+
⚖️ Balanced — 33.3% over vs 33.3% 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 |
| Brampton | $2,681 | $2,700 | 99.4% | 43d | ⚖️ Balanced |
| Oakville | $3,086 | $2,700 | 98.8% | 44d | ⚖️ Balanced |
| Milton | $2,736 | $2,750 | 99.2% | 42d | ⚖️ Balanced |
| Vaughan | $2,658 | $2,450 | 99.9% | 40d | ⚖️ Balanced |
| Caledon | $3,260 | $3,125 | 99.0% | 47d | ⚖️ Balanced |
Frequently Asked Questions
Mississauga · May 2025
The average confirmed lease in Mississauga was $2,751/month in May 2025,
based on 866 MLS® transactions. The median was
$2,637/month.
Condos averaged $2,636/mo, freehold averaged $3,065/mo, and townhouses averaged $3,245/mo.
Units in Mississauga took an average of 44 days to lease in May 2025.
Freehold rentals averaged 46 days while condos averaged 43 days.
In May 2025, condos averaged $2,636/month while freehold rentals averaged $3,065/month —
a difference of $429/month.
Mississauga averaged $2,751/month in May 2025. Toronto averaged $2,761/mo. Milton averaged $2,736/mo. See the full May 2025 Ontario lease summary →
Looking to rent in Mississauga?
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 Mississauga, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
