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May 2025 · Newmarket
Average Rent in Newmarket — May 2025
68 confirmed residential leases in Newmarket in May 2025. Average rent $2,681/month. Mixed conditions across property types.
Avg Lease Price $2,681/mo
Median Lease $2,750/mo
Avg Asking $2,684/mo
Lease / Ask 99.9%
Leased Over Asking 10.3%
Avg DOM 45 days
Total Leased
68
all residential
Avg Lease Price
$2,681
per month
Median Lease
$2,750
mid-point
Lease / Ask
99.9%
avg ratio
Over Asking
10.3%
of all leases
Avg DOM
45
days on market
Lease Prices by Property Type
Newmarket · May 2025
💰 Lease Price Summary
Average Lease $2,681/mo
Median Lease $2,750/mo
Avg Asking Rent $2,684/mo
Lowest Lease $1,500
Highest Lease $4,500
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 10.3%
Leased at asking 73.5%
Leased under asking 16.2%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.3% over vs 16.2% under asking.
💰 Lease Price Summary
Average Lease $2,678/mo
Median Lease $2,700/mo
Avg Asking Rent $2,681/mo
Lowest Lease $2,200
Highest Lease $3,250
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 94.1%
Leased under asking 5.9%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 5.9% under asking.
💰 Lease Price Summary
Average Lease $2,539/mo
Median Lease $2,388/mo
Avg Asking Rent $2,538/mo
Lowest Lease $1,500
Highest Lease $4,500
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 13.2%
Leased at asking 71.1%
Leased under asking 15.8%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.2% over vs 15.8% under asking.
💰 Lease Price Summary
Average Lease $2,957/mo
Median Lease $3,000/mo
Avg Asking Rent $2,969/mo
Lowest Lease $2,400
Highest Lease $3,500
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 70.8%
Leased under asking 20.8%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 20.8% under asking.
💰 Lease Price Summary
Average Lease $2,800/mo
Median Lease $2,800/mo
Avg Asking Rent $2,800/mo
Lowest Lease $2,800
Highest Lease $2,800
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 19 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Aurora | $2,753 | $2,800 | 98.4% | 48d | ⚖️ Balanced |
| East Gwillimbury | $3,219 | $3,300 | 99.4% | 42d | ⚖️ Balanced |
| Bradford West Gwillimbury | $2,914 | $3,000 | 100.3% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,013 | $2,900 | 99.0% | 46d | ⚖️ Balanced |
| Georgina | $2,998 | $2,925 | 97.9% | 65d | ⚖️ Balanced |
Frequently Asked Questions
Newmarket · May 2025
The average confirmed lease in Newmarket was $2,681/month in May 2025,
based on 68 MLS® transactions. The median was
$2,750/month.
Condos averaged $2,678/mo, freehold averaged $2,539/mo, and townhouses averaged $2,957/mo.
Units in Newmarket took an average of 45 days to lease in May 2025.
Freehold rentals averaged 47 days while condos averaged 40 days.
In May 2025, condos averaged $2,678/month while freehold rentals averaged $2,539/month —
a difference of $139/month.
Newmarket averaged $2,681/month in May 2025. Aurora averaged $2,753/mo. See the full May 2025 Ontario lease summary →
Looking to rent in Newmarket?
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 Newmarket, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
