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January 2026 · Richmond Hill
Average Rent in Richmond Hill — January 2026
188 confirmed residential leases in Richmond Hill in January 2026. Average rent $2,932/month. 50% of units leased below asking — renters have negotiating leverage.
Avg Lease Price $2,932/mo
Median Lease $2,860/mo
Avg Asking $2,977/mo
Lease / Ask 98.5%
Leased Over Asking 7.4%
Avg DOM 53 days
Total Leased
188
all residential
Avg Lease Price
$2,932
per month
Median Lease
$2,860
mid-point
Lease / Ask
98.5%
avg ratio
Over Asking
7.4%
of all leases
Avg DOM
53
days on market
Lease Prices by Property Type
Richmond Hill · January 2026
💰 Lease Price Summary
Average Lease $2,932/mo
Median Lease $2,860/mo
Avg Asking Rent $2,977/mo
Lowest Lease $1,050
Highest Lease $6,500
Lease / Ask Ratio 98.5%
📊 Market Activity
Leased over asking 7.4%
Leased at asking 42.6%
Leased under asking 50.0%
Avg Days on Market 53 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 50% leased below asking. Avg 53 days on market.
💰 Lease Price Summary
Average Lease $2,624/mo
Median Lease $2,650/mo
Avg Asking Rent $2,668/mo
Lowest Lease $2,000
Highest Lease $4,000
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 4.6%
Leased at asking 40.2%
Leased under asking 55.2%
Avg Days on Market 52 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 55.2% leased below asking. Avg 52 days on market.
💰 Lease Price Summary
Average Lease $3,265/mo
Median Lease $3,500/mo
Avg Asking Rent $3,313/mo
Lowest Lease $1,050
Highest Lease $6,500
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 13.2%
Leased at asking 39.7%
Leased under asking 47.1%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.2% over vs 47.1% under asking.
💰 Lease Price Summary
Average Lease $3,140/mo
Median Lease $3,250/mo
Avg Asking Rent $3,183/mo
Lowest Lease $1,400
Highest Lease $4,100
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 4.7%
Leased at asking 44.2%
Leased under asking 51.2%
Avg Days on Market 46 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 51.2% leased below asking. Avg 46 days on market.
💰 Lease Price Summary
Average Lease $1,982/mo
Median Lease $2,065/mo
Avg Asking Rent $1,975/mo
Lowest Lease $1,300
Highest Lease $2,500
Lease / Ask Ratio 100.4%
📊 Market Activity
Leased over asking 25.0%
Leased at asking 50.0%
Leased under asking 25.0%
Avg Days on Market 68 days
Fast · 050Slow · 100+
⚖️ Balanced — 25% over vs 25% under asking.
Nearby Cities · January 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,882 | $2,750 | 98.5% | 50d | ⚖️ Balanced |
| Vaughan | $2,597 | $2,350 | 99.0% | 45d | ⚖️ Balanced |
| Aurora | $3,006 | $2,850 | 98.2% | 52d | ⚖️ Balanced |
| Newmarket | $2,548 | $2,250 | 99.1% | 49d | ⚖️ Balanced |
| Toronto | $2,712 | $2,485 | 99.0% | 49d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,087 | $3,100 | 99.0% | 63d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · January 2026
The average confirmed lease in Richmond Hill was $2,932/month in January 2026,
based on 188 MLS® transactions. The median was
$2,860/month.
Condos averaged $2,624/mo, freehold averaged $3,265/mo, and townhouses averaged $3,140/mo.
Units in Richmond Hill took an average of 53 days to lease in January 2026.
Freehold rentals averaged 57 days while condos averaged 52 days.
In January 2026, condos averaged $2,624/month while freehold rentals averaged $3,265/month —
a difference of $641/month.
Richmond Hill averaged $2,932/month in January 2026. Aurora averaged $3,006/mo. Markham averaged $2,882/mo. See the full January 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.
