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February 2026 · Richmond Hill
Average Rent in Richmond Hill — February 2026
190 confirmed residential leases in Richmond Hill in February 2026. Average rent $2,914/month. Mixed conditions across property types.
Avg Lease Price $2,914/mo
Median Lease $2,850/mo
Avg Asking $2,957/mo
Lease / Ask 98.6%
Leased Over Asking 6.8%
Avg DOM 55 days
Total Leased
190
all residential
Avg Lease Price
$2,914
per month
Median Lease
$2,850
mid-point
Lease / Ask
98.6%
avg ratio
Over Asking
6.8%
of all leases
Avg DOM
55
days on market
Lease Prices by Property Type
Richmond Hill · February 2026
💰 Lease Price Summary
Average Lease $2,914/mo
Median Lease $2,850/mo
Avg Asking Rent $2,957/mo
Lowest Lease $1,000
Highest Lease $9,800
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 6.8%
Leased at asking 46.8%
Leased under asking 46.3%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.8% over vs 46.3% under asking.
💰 Lease Price Summary
Average Lease $2,650/mo
Median Lease $2,600/mo
Avg Asking Rent $2,687/mo
Lowest Lease $2,000
Highest Lease $4,500
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 1.2%
Leased at asking 59.0%
Leased under asking 39.8%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 1.2% over vs 39.8% under asking.
💰 Lease Price Summary
Average Lease $2,986/mo
Median Lease $2,850/mo
Avg Asking Rent $3,018/mo
Lowest Lease $1,000
Highest Lease $9,800
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 16.7%
Leased at asking 42.4%
Leased under asking 40.9%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.7% over vs 40.9% under asking.
💰 Lease Price Summary
Average Lease $3,310/mo
Median Lease $3,300/mo
Avg Asking Rent $3,375/mo
Lowest Lease $1,600
Highest Lease $4,150
Lease / Ask Ratio 98.1%
📊 Market Activity
Leased over asking 1.9%
Leased at asking 36.5%
Leased under asking 61.5%
Avg Days on Market 64 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 61.5% leased below asking. Avg 64 days on market.
💰 Lease Price Summary
Average Lease $1,950/mo
Median Lease $1,950/mo
Avg Asking Rent $1,975/mo
Lowest Lease $1,950
Highest Lease $1,950
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 50.0%
Leased under asking 50.0%
Avg Days on Market 78 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 78 days on market.
Nearby Cities · February 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,884 | $2,750 | 98.3% | 47d | 🧊 Renter-Friendly |
| Vaughan | $2,626 | $2,400 | 99.1% | 47d | ⚖️ Balanced |
| Aurora | $2,846 | $2,500 | 98.0% | 64d | ⚖️ Balanced |
| Newmarket | $2,417 | $2,150 | 99.0% | 49d | ⚖️ Balanced |
| Toronto | $2,679 | $2,493 | 99.0% | 49d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,153 | $3,200 | 99.3% | 41d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · February 2026
The average confirmed lease in Richmond Hill was $2,914/month in February 2026,
based on 190 MLS® transactions. The median was
$2,850/month.
Condos averaged $2,650/mo, freehold averaged $2,986/mo, and townhouses averaged $3,310/mo.
Units in Richmond Hill took an average of 55 days to lease in February 2026.
Freehold rentals averaged 52 days while condos averaged 53 days.
In February 2026, condos averaged $2,650/month while freehold rentals averaged $2,986/month —
a difference of $336/month.
Richmond Hill averaged $2,914/month in February 2026. Whitchurch Stouffville averaged $3,153/mo. Markham averaged $2,884/mo. See the full February 2026 Ontario lease summary →
Looking to rent in Richmond Hill?
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 Richmond Hill, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
