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July 2026 · Richmond Hill
Average Rent in Richmond Hill — July 2026
338 confirmed residential leases in Richmond Hill in July 2026. Average rent $3,019/month. Mixed conditions across property types.
Avg Lease Price $3,019/mo
Median Lease $2,885/mo
Avg Asking $3,030/mo
Lease / Ask 99.6%
Leased Over Asking 11.2%
Avg DOM 25 days
Previous Months
Total Leased
338
all residential
Avg Lease Price
$3,019
per month
Median Lease
$2,885
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
11.2%
of all leases
Avg DOM
25
days on market
Lease Prices by Property Type
Richmond Hill · July 2026
💰 Lease Price Summary
Average Lease $3,019/mo
Median Lease $2,885/mo
Avg Asking Rent $3,030/mo
Lowest Lease $650
Highest Lease $10,150
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 11.2%
Leased at asking 59.2%
Leased under asking 29.6%
Avg Days on Market 25 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.2% over vs 29.6% under asking.
💰 Lease Price Summary
Average Lease $2,599/mo
Median Lease $2,500/mo
Avg Asking Rent $2,622/mo
Lowest Lease $1,600
Highest Lease $4,100
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 4.5%
Leased at asking 61.1%
Leased under asking 34.4%
Avg Days on Market 25 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.5% over vs 34.4% under asking.
💰 Lease Price Summary
Average Lease $3,366/mo
Median Lease $3,400/mo
Avg Asking Rent $3,361/mo
Lowest Lease $990
Highest Lease $10,150
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 14.5%
Leased at asking 58.1%
Leased under asking 27.4%
Avg Days on Market 28 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.5% over vs 27.4% under asking.
💰 Lease Price Summary
Average Lease $3,317/mo
Median Lease $3,450/mo
Avg Asking Rent $3,337/mo
Lowest Lease $650
Highest Lease $5,500
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 14.7%
Leased at asking 58.9%
Leased under asking 26.3%
Avg Days on Market 20 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.7% over vs 26.3% under asking.
💰 Lease Price Summary
Average Lease $1,900/mo
Median Lease $1,900/mo
Avg Asking Rent $1,925/mo
Lowest Lease $1,800
Highest Lease $2,000
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 50.0%
Leased at asking 0.0%
Leased under asking 50.0%
Avg Days on Market 29 days
Fast · 050Slow · 100+
🔥 High demand — 50% leased above asking at a 98.7% lease-to-ask ratio.
Nearby Cities · July 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,832 | $2,800 | 99.1% | 26d | ⚖️ Balanced |
| Vaughan | $2,669 | $2,450 | 99.6% | 24d | ⚖️ Balanced |
| Aurora | $3,147 | $3,000 | 98.9% | 31d | ⚖️ Balanced |
| Newmarket | $2,732 | $2,850 | 99.5% | 29d | ⚖️ Balanced |
| Toronto | $2,771 | $2,500 | 99.7% | 22d | ⚖️ Balanced |
| Whitchurch Stouffville | $2,938 | $3,100 | 98.8% | 26d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · July 2026
The average confirmed lease in Richmond Hill was $3,019/month in July 2026,
based on 338 MLS® transactions. The median was
$2,885/month.
Condos averaged $2,599/mo, freehold averaged $3,366/mo, and townhouses averaged $3,317/mo.
Units in Richmond Hill took an average of 25 days to lease in July 2026.
Freehold rentals averaged 28 days while condos averaged 25 days.
In July 2026, condos averaged $2,599/month while freehold rentals averaged $3,366/month —
a difference of $767/month.
Richmond Hill averaged $3,019/month in July 2026. Aurora averaged $3,147/mo. Whitchurch Stouffville averaged $2,938/mo. See the full July 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.
