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July 2025 · Richmond Hill
Average Rent in Richmond Hill — July 2025
321 confirmed residential leases in Richmond Hill in July 2025. Average rent $3,120/month. Mixed conditions across property types.
Avg Lease Price $3,120/mo
Median Lease $3,000/mo
Avg Asking $3,129/mo
Lease / Ask 99.7%
Leased Over Asking 8.7%
Avg DOM 47 days
Total Leased
321
all residential
Avg Lease Price
$3,120
per month
Median Lease
$3,000
mid-point
Lease / Ask
99.7%
avg ratio
Over Asking
8.7%
of all leases
Avg DOM
47
days on market
Lease Prices by Property Type
Richmond Hill · July 2025
💰 Lease Price Summary
Average Lease $3,120/mo
Median Lease $3,000/mo
Avg Asking Rent $3,129/mo
Lowest Lease $1,100
Highest Lease $12,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 8.7%
Leased at asking 57.0%
Leased under asking 34.3%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.7% over vs 34.3% under asking.
💰 Lease Price Summary
Average Lease $2,720/mo
Median Lease $2,600/mo
Avg Asking Rent $2,751/mo
Lowest Lease $1,825
Highest Lease $4,500
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 4.3%
Leased at asking 58.2%
Leased under asking 37.6%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.3% over vs 37.6% under asking.
💰 Lease Price Summary
Average Lease $3,510/mo
Median Lease $3,450/mo
Avg Asking Rent $3,513/mo
Lowest Lease $1,100
Highest Lease $12,000
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 11.5%
Leased at asking 60.2%
Leased under asking 28.3%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.5% over vs 28.3% under asking.
💰 Lease Price Summary
Average Lease $3,331/mo
Median Lease $3,400/mo
Avg Asking Rent $3,355/mo
Lowest Lease $1,500
Highest Lease $4,100
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 8.3%
Leased at asking 51.2%
Leased under asking 40.5%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.3% over vs 40.5% under asking.
💰 Lease Price Summary
Average Lease $2,322/mo
Median Lease $1,900/mo
Avg Asking Rent $1,950/mo
Lowest Lease $1,350
Highest Lease $5,400
Lease / Ask Ratio 119.1%
📊 Market Activity
Leased over asking 33.3%
Leased at asking 55.6%
Leased under asking 11.1%
Avg Days on Market 62 days
Fast · 050Slow · 100+
⚖️ Balanced — 33.3% over vs 11.1% under asking.
Nearby Cities · July 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,973 | $2,800 | 99.3% | 42d | ⚖️ Balanced |
| Vaughan | $2,678 | $2,413 | 99.1% | 41d | ⚖️ Balanced |
| Aurora | $3,037 | $3,100 | 99.3% | 44d | ⚖️ Balanced |
| Newmarket | $2,807 | $2,960 | 99.1% | 41d | ⚖️ Balanced |
| Toronto | $2,813 | $2,550 | 99.5% | 43d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,126 | $3,000 | 100.5% | 48d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · July 2025
The average confirmed lease in Richmond Hill was $3,120/month in July 2025,
based on 321 MLS® transactions. The median was
$3,000/month.
Condos averaged $2,720/mo, freehold averaged $3,510/mo, and townhouses averaged $3,331/mo.
Units in Richmond Hill took an average of 47 days to lease in July 2025.
Freehold rentals averaged 51 days while condos averaged 45 days.
In July 2025, condos averaged $2,720/month while freehold rentals averaged $3,510/month —
a difference of $790/month.
Richmond Hill averaged $3,120/month in July 2025. Whitchurch Stouffville averaged $3,126/mo. Aurora averaged $3,037/mo. See the full July 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.
