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May 2026 · Niagara On The Lake
Average Rent in Niagara On The Lake — May 2026
5 confirmed residential leases in Niagara On The Lake in May 2026. Average rent $2,172/month. 60% of units leased below asking — renters have negotiating leverage.
Avg Lease Price $2,172/mo
Median Lease $1,960/mo
Avg Asking $2,200/mo
Lease / Ask 98.7%
Leased Over Asking 20%
Avg DOM 19 days
Previous Months
Total Leased
5
all residential
Avg Lease Price
$2,172
per month
Median Lease
$1,960
mid-point
Lease / Ask
98.7%
avg ratio
Over Asking
20%
of all leases
Avg DOM
19
days on market
Lease Prices by Property Type
Niagara On The Lake · May 2026
💰 Lease Price Summary
Average Lease $2,172/mo
Median Lease $1,960/mo
Avg Asking Rent $2,200/mo
Lowest Lease $1,950
Highest Lease $2,500
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 20.0%
Leased at asking 20.0%
Leased under asking 60.0%
Avg Days on Market 19 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 60% leased below asking. Avg 19 days on market.
💰 Lease Price Summary
Average Lease $2,500/mo
Median Lease $2,500/mo
Avg Asking Rent $2,600/mo
Lowest Lease $2,500
Highest Lease $2,500
Lease / Ask Ratio 96.2%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 0.0%
Leased under asking 100.0%
Avg Days on Market 37 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 100% leased below asking. Avg 37 days on market.
💰 Lease Price Summary
Average Lease $2,500/mo
Median Lease $2,500/mo
Avg Asking Rent $2,400/mo
Lowest Lease $2,500
Highest Lease $2,500
Lease / Ask Ratio 104.2%
📊 Market Activity
Leased over asking 100.0%
Leased at asking 0.0%
Leased under asking 0.0%
Avg Days on Market 19 days
Fast · 050Slow · 100+
🔥 High demand — 100% leased above asking at a 104.17% lease-to-ask ratio.
💰 Lease Price Summary
Average Lease $2,230/mo
Median Lease $2,230/mo
Avg Asking Rent $2,300/mo
Lowest Lease $1,960
Highest Lease $2,500
Lease / Ask Ratio 97.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 0.0%
Leased under asking 100.0%
Avg Days on Market 26 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 100% leased below asking. Avg 26 days on market.
💰 Lease Price Summary
Average Lease $1,950/mo
Median Lease $1,950/mo
Avg Asking Rent $2,000/mo
Lowest Lease $1,950
Highest Lease $1,950
Lease / Ask Ratio 97.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 50.0%
Leased under asking 50.0%
Avg Days on Market 12 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 12 days on market.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| St Catharines | $2,133 | $2,200 | 99.2% | 23d | ⚖️ Balanced |
| Niagara Falls | $2,313 | $2,275 | 99.9% | 31d | ⚖️ Balanced |
| Lincoln | $2,256 | $2,350 | 100.5% | 32d | ⚖️ Balanced |
Frequently Asked Questions
Niagara On The Lake · May 2026
The average confirmed lease in Niagara On The Lake was $2,172/month in May 2026,
based on 5 MLS® transactions. The median was
$1,960/month.
Condos averaged $2,500/mo, freehold averaged $2,500/mo, and townhouses averaged $2,230/mo.
Units in Niagara On The Lake took an average of 19 days to lease in May 2026.
Freehold rentals averaged 19 days while condos averaged 37 days.
In May 2026, condos averaged $2,500/month while freehold rentals averaged $2,500/month —
a difference of $0/month.
Niagara On The Lake averaged $2,172/month in May 2026. Lincoln averaged $2,256/mo. St Catharines averaged $2,133/mo. See the full May 2026 Ontario lease summary →
Looking to rent in Niagara On The Lake?
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 Niagara On The Lake, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
