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May 2025 · Oakville
Average Rent in Oakville — May 2025
503 confirmed residential leases in Oakville in May 2025. Average rent $3,086/month. Mixed conditions across property types.
Avg Lease Price $3,086/mo
Median Lease $2,700/mo
Avg Asking $3,122/mo
Lease / Ask 98.8%
Leased Over Asking 10.1%
Avg DOM 44 days
Total Leased
503
all residential
Avg Lease Price
$3,086
per month
Median Lease
$2,700
mid-point
Lease / Ask
98.8%
avg ratio
Over Asking
10.1%
of all leases
Avg DOM
44
days on market
Lease Prices by Property Type
Oakville · May 2025
💰 Lease Price Summary
Average Lease $3,086/mo
Median Lease $2,700/mo
Avg Asking Rent $3,122/mo
Lowest Lease $1,450
Highest Lease $13,000
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 10.1%
Leased at asking 55.3%
Leased under asking 34.6%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.1% over vs 34.6% under asking.
💰 Lease Price Summary
Average Lease $2,495/mo
Median Lease $2,300/mo
Avg Asking Rent $2,519/mo
Lowest Lease $1,795
Highest Lease $8,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 9.9%
Leased at asking 56.4%
Leased under asking 33.7%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.9% over vs 33.7% under asking.
💰 Lease Price Summary
Average Lease $4,743/mo
Median Lease $4,425/mo
Avg Asking Rent $4,846/mo
Lowest Lease $1,450
Highest Lease $13,000
Lease / Ask Ratio 97.9%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 58.3%
Leased under asking 34.5%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 34.5% under asking.
💰 Lease Price Summary
Average Lease $3,374/mo
Median Lease $3,400/mo
Avg Asking Rent $3,400/mo
Lowest Lease $1,800
Highest Lease $5,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 11.9%
Leased at asking 48.9%
Leased under asking 39.3%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.9% over vs 39.3% under asking.
💰 Lease Price Summary
Average Lease $2,975/mo
Median Lease $2,975/mo
Avg Asking Rent $2,975/mo
Lowest Lease $2,975
Highest Lease $2,975
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 41 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 |
|---|---|---|---|---|---|
| Mississauga | $2,751 | $2,637 | 98.9% | 44d | ⚖️ Balanced |
| Burlington | $3,152 | $2,800 | 97.5% | 43d | ⚖️ Balanced |
| Milton | $2,736 | $2,750 | 99.2% | 42d | ⚖️ Balanced |
| Toronto | $2,761 | $2,545 | 99.3% | 44d | ⚖️ Balanced |
| Halton Hills | $2,634 | $2,750 | 98.7% | 55d | ⚖️ Balanced |
Frequently Asked Questions
Oakville · May 2025
The average confirmed lease in Oakville was $3,086/month in May 2025,
based on 503 MLS® transactions. The median was
$2,700/month.
Condos averaged $2,495/mo, freehold averaged $4,743/mo, and townhouses averaged $3,374/mo.
Units in Oakville took an average of 44 days to lease in May 2025.
Freehold rentals averaged 52 days while condos averaged 43 days.
In May 2025, condos averaged $2,495/month while freehold rentals averaged $4,743/month —
a difference of $2,248/month.
Oakville averaged $3,086/month in May 2025. Burlington averaged $3,152/mo. Toronto averaged $2,761/mo. See the full May 2025 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.
