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May 2026 · Newmarket
Average Rent in Newmarket — May 2026
92 confirmed residential leases in Newmarket in May 2026. Average rent $2,598/month. Mixed conditions across property types.
Avg Lease Price $2,598/mo
Median Lease $2,450/mo
Avg Asking $2,616/mo
Lease / Ask 99.3%
Leased Over Asking 8.7%
Avg DOM 28 days
Previous Months
Total Leased
92
all residential
Avg Lease Price
$2,598
per month
Median Lease
$2,450
mid-point
Lease / Ask
99.3%
avg ratio
Over Asking
8.7%
of all leases
Avg DOM
28
days on market
Lease Prices by Property Type
Newmarket · May 2026
💰 Lease Price Summary
Average Lease $2,598/mo
Median Lease $2,450/mo
Avg Asking Rent $2,616/mo
Lowest Lease $1,200
Highest Lease $4,600
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 8.7%
Leased at asking 66.3%
Leased under asking 25.0%
Avg Days on Market 28 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.7% over vs 25% under asking.
💰 Lease Price Summary
Average Lease $2,524/mo
Median Lease $2,250/mo
Avg Asking Rent $2,524/mo
Lowest Lease $1,950
Highest Lease $3,700
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 13.6%
Leased at asking 68.2%
Leased under asking 18.2%
Avg Days on Market 16 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.6% over vs 18.2% under asking.
💰 Lease Price Summary
Average Lease $2,566/mo
Median Lease $2,400/mo
Avg Asking Rent $2,581/mo
Lowest Lease $1,200
Highest Lease $4,600
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 9.4%
Leased at asking 64.2%
Leased under asking 26.4%
Avg Days on Market 28 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.4% over vs 26.4% under asking.
💰 Lease Price Summary
Average Lease $3,018/mo
Median Lease $3,000/mo
Avg Asking Rent $3,046/mo
Lowest Lease $2,100
Highest Lease $3,700
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 83.3%
Leased under asking 16.7%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 16.7% under asking.
💰 Lease Price Summary
Average Lease $1,900/mo
Median Lease $1,850/mo
Avg Asking Rent $1,988/mo
Lowest Lease $1,600
Highest Lease $2,300
Lease / Ask Ratio 95.6%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 50.0%
Leased under asking 50.0%
Avg Days on Market 65 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 65 days on market.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Aurora | $3,006 | $3,000 | 98.9% | 32d | ⚖️ Balanced |
| East Gwillimbury | $3,232 | $3,300 | 98.9% | 23d | ⚖️ Balanced |
| Bradford West Gwillimbury | $2,674 | $2,650 | 99.8% | 33d | ⚖️ Balanced |
| Richmond Hill | $3,012 | $2,900 | 99.2% | 29d | ⚖️ Balanced |
| Georgina | $2,410 | $2,450 | 99.2% | 27d | ⚖️ Balanced |
Frequently Asked Questions
Newmarket · May 2026
The average confirmed lease in Newmarket was $2,598/month in May 2026,
based on 92 MLS® transactions. The median was
$2,450/month.
Condos averaged $2,524/mo, freehold averaged $2,566/mo, and townhouses averaged $3,018/mo.
Units in Newmarket took an average of 28 days to lease in May 2026.
Freehold rentals averaged 28 days while condos averaged 16 days.
In May 2026, condos averaged $2,524/month while freehold rentals averaged $2,566/month —
a difference of $42/month.
Newmarket averaged $2,598/month in May 2026. Bradford West Gwillimbury averaged $2,674/mo. Georgina averaged $2,410/mo. See the full May 2026 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.
