Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
May 2026 · Mississauga
Average Rent in Mississauga — May 2026
938 confirmed residential leases in Mississauga in May 2026. Average rent $2,687/month. Mixed conditions across property types.
Avg Lease Price $2,687/mo
Median Lease $2,580/mo
Avg Asking $2,713/mo
Lease / Ask 99.0%
Leased Over Asking 9.3%
Avg DOM 26 days
Previous Months
Total Leased
938
all residential
Avg Lease Price
$2,687
per month
Median Lease
$2,580
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
9.3%
of all leases
Avg DOM
26
days on market
Lease Prices by Property Type
Mississauga · May 2026
💰 Lease Price Summary
Average Lease $2,687/mo
Median Lease $2,580/mo
Avg Asking Rent $2,713/mo
Lowest Lease $800
Highest Lease $9,700
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 9.3%
Leased at asking 58.5%
Leased under asking 32.2%
Avg Days on Market 26 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.3% over vs 32.2% under asking.
💰 Lease Price Summary
Average Lease $2,556/mo
Median Lease $2,500/mo
Avg Asking Rent $2,579/mo
Lowest Lease $1,400
Highest Lease $6,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 8.6%
Leased at asking 58.8%
Leased under asking 32.6%
Avg Days on Market 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.6% over vs 32.6% under asking.
💰 Lease Price Summary
Average Lease $3,065/mo
Median Lease $3,100/mo
Avg Asking Rent $3,105/mo
Lowest Lease $800
Highest Lease $9,700
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 10.0%
Leased at asking 56.9%
Leased under asking 33.2%
Avg Days on Market 35 days
Fast · 050Slow · 100+
⚖️ Balanced — 10% over vs 33.2% under asking.
💰 Lease Price Summary
Average Lease $3,189/mo
Median Lease $3,200/mo
Avg Asking Rent $3,215/mo
Lowest Lease $1,400
Highest Lease $6,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 9.2%
Leased at asking 62.2%
Leased under asking 28.6%
Avg Days on Market 29 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.2% over vs 28.6% under asking.
💰 Lease Price Summary
Average Lease $2,007/mo
Median Lease $1,950/mo
Avg Asking Rent $1,978/mo
Lowest Lease $1,499
Highest Lease $2,600
Lease / Ask Ratio 101.4%
📊 Market Activity
Leased over asking 21.4%
Leased at asking 64.3%
Leased under asking 14.3%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 21.4% over vs 14.3% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Toronto | $2,751 | $2,500 | 99.7% | 23d | ⚖️ Balanced |
| Brampton | $2,607 | $2,650 | 98.9% | 30d | ⚖️ Balanced |
| Oakville | $3,246 | $3,000 | 99.7% | 23d | ⚖️ Balanced |
| Milton | $2,685 | $2,750 | 99.7% | 25d | ⚖️ Balanced |
| Vaughan | $2,687 | $2,400 | 99.8% | 26d | ⚖️ Balanced |
| Caledon | $2,992 | $3,000 | 99.5% | 21d | ⚖️ Balanced |
Frequently Asked Questions
Mississauga · May 2026
The average confirmed lease in Mississauga was $2,687/month in May 2026,
based on 938 MLS® transactions. The median was
$2,580/month.
Condos averaged $2,556/mo, freehold averaged $3,065/mo, and townhouses averaged $3,189/mo.
Units in Mississauga took an average of 26 days to lease in May 2026.
Freehold rentals averaged 35 days while condos averaged 23 days.
In May 2026, condos averaged $2,556/month while freehold rentals averaged $3,065/month —
a difference of $509/month.
Mississauga averaged $2,687/month in May 2026. Toronto averaged $2,751/mo. Milton averaged $2,685/mo. See the full May 2026 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.
