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August 2025 · Richmond Hill
Average Rent in Richmond Hill — August 2025
395 confirmed residential leases in Richmond Hill in August 2025. Average rent $3,098/month. Mixed conditions across property types.
Avg Lease Price $3,098/mo
Median Lease $3,000/mo
Avg Asking $3,122/mo
Lease / Ask 99.2%
Leased Over Asking 7.1%
Avg DOM 44 days
Total Leased
395
all residential
Avg Lease Price
$3,098
per month
Median Lease
$3,000
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
7.1%
of all leases
Avg DOM
44
days on market
Lease Prices by Property Type
Richmond Hill · August 2025
💰 Lease Price Summary
Average Lease $3,098/mo
Median Lease $3,000/mo
Avg Asking Rent $3,122/mo
Lowest Lease $1,200
Highest Lease $8,700
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 60.5%
Leased under asking 32.4%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 32.4% under asking.
💰 Lease Price Summary
Average Lease $2,705/mo
Median Lease $2,650/mo
Avg Asking Rent $2,731/mo
Lowest Lease $2,100
Highest Lease $3,750
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 6.1%
Leased at asking 61.9%
Leased under asking 32.0%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.1% over vs 32% under asking.
💰 Lease Price Summary
Average Lease $3,505/mo
Median Lease $3,600/mo
Avg Asking Rent $3,532/mo
Lowest Lease $1,300
Highest Lease $8,700
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 7.5%
Leased at asking 58.6%
Leased under asking 33.8%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.5% over vs 33.8% under asking.
💰 Lease Price Summary
Average Lease $3,291/mo
Median Lease $3,400/mo
Avg Asking Rent $3,318/mo
Lowest Lease $1,200
Highest Lease $4,800
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 8.0%
Leased at asking 54.9%
Leased under asking 37.2%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 8% over vs 37.2% under asking.
💰 Lease Price Summary
Average Lease $1,869/mo
Median Lease $1,800/mo
Avg Asking Rent $1,880/mo
Lowest Lease $1,500
Highest Lease $2,500
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 50.0%
Leased under asking 37.5%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 37.5% under asking.
Nearby Cities · August 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,937 | $2,850 | 99.2% | 41d | ⚖️ Balanced |
| Vaughan | $2,631 | $2,400 | 99.3% | 42d | ⚖️ Balanced |
| Aurora | $3,066 | $3,100 | 100.4% | 43d | ⚖️ Balanced |
| Newmarket | $2,677 | $2,600 | 100.5% | 38d | ⚖️ Balanced |
| Toronto | $2,833 | $2,590 | 99.6% | 43d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,105 | $3,050 | 98.6% | 41d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · August 2025
The average confirmed lease in Richmond Hill was $3,098/month in August 2025,
based on 395 MLS® transactions. The median was
$3,000/month.
Condos averaged $2,705/mo, freehold averaged $3,505/mo, and townhouses averaged $3,291/mo.
Units in Richmond Hill took an average of 44 days to lease in August 2025.
Freehold rentals averaged 48 days while condos averaged 42 days.
In August 2025, condos averaged $2,705/month while freehold rentals averaged $3,505/month —
a difference of $800/month.
Richmond Hill averaged $3,098/month in August 2025. Whitchurch Stouffville averaged $3,105/mo. Aurora averaged $3,066/mo. See the full August 2025 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.
