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May 2026 · Oakville
Average Rent in Oakville — May 2026
417 confirmed residential leases in Oakville in May 2026. Average rent $3,246/month. Mixed conditions across property types.
Avg Lease Price $3,246/mo
Median Lease $3,000/mo
Avg Asking $3,255/mo
Lease / Ask 99.7%
Leased Over Asking 10.6%
Avg DOM 23 days
Previous Months
Total Leased
417
all residential
Avg Lease Price
$3,246
per month
Median Lease
$3,000
mid-point
Lease / Ask
99.7%
avg ratio
Over Asking
10.6%
of all leases
Avg DOM
23
days on market
Lease Prices by Property Type
Oakville · May 2026
💰 Lease Price Summary
Average Lease $3,246/mo
Median Lease $3,000/mo
Avg Asking Rent $3,255/mo
Lowest Lease $1,450
Highest Lease $13,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 10.6%
Leased at asking 61.6%
Leased under asking 27.8%
Avg Days on Market 23 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.6% over vs 27.8% under asking.
💰 Lease Price Summary
Average Lease $2,533/mo
Median Lease $2,400/mo
Avg Asking Rent $2,551/mo
Lowest Lease $1,750
Highest Lease $4,800
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 7.9%
Leased at asking 61.4%
Leased under asking 30.7%
Avg Days on Market 24 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.9% over vs 30.7% under asking.
💰 Lease Price Summary
Average Lease $4,555/mo
Median Lease $4,225/mo
Avg Asking Rent $4,552/mo
Lowest Lease $1,450
Highest Lease $13,000
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 14.7%
Leased at asking 61.8%
Leased under asking 23.5%
Avg Days on Market 24 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.7% over vs 23.5% under asking.
💰 Lease Price Summary
Average Lease $3,421/mo
Median Lease $3,500/mo
Avg Asking Rent $3,422/mo
Lowest Lease $2,450
Highest Lease $5,200
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 12.8%
Leased at asking 60.0%
Leased under asking 27.2%
Avg Days on Market 18 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.8% over vs 27.2% under asking.
💰 Lease Price Summary
Average Lease $1,700/mo
Median Lease $1,700/mo
Avg Asking Rent $1,700/mo
Lowest Lease $1,600
Highest Lease $1,800
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 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,687 | $2,580 | 99.0% | 26d | ⚖️ Balanced |
| Burlington | $2,714 | $2,500 | 99.0% | 21d | ⚖️ Balanced |
| Milton | $2,685 | $2,750 | 99.7% | 25d | ⚖️ Balanced |
| Toronto | $2,751 | $2,500 | 99.7% | 23d | ⚖️ Balanced |
| Halton Hills | $2,436 | $2,500 | 98.5% | 29d | ⚖️ Balanced |
Frequently Asked Questions
Oakville · May 2026
The average confirmed lease in Oakville was $3,246/month in May 2026,
based on 417 MLS® transactions. The median was
$3,000/month.
Condos averaged $2,533/mo, freehold averaged $4,555/mo, and townhouses averaged $3,421/mo.
Units in Oakville took an average of 23 days to lease in May 2026.
Freehold rentals averaged 24 days while condos averaged 24 days.
In May 2026, condos averaged $2,533/month while freehold rentals averaged $4,555/month —
a difference of $2,022/month.
Oakville averaged $3,246/month in May 2026. Toronto averaged $2,751/mo. See the full May 2026 Ontario lease summary →
Looking to rent in Oakville?
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 Oakville, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
