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March 2026 · Richmond Hill
Average Rent in Richmond Hill — March 2026
237 confirmed residential leases in Richmond Hill in March 2026. Average rent $2,886/month. Mixed conditions across property types.
Avg Lease Price $2,886/mo
Median Lease $2,800/mo
Avg Asking $2,925/mo
Lease / Ask 98.6%
Leased Over Asking 6.8%
Avg DOM 48 days
Total Leased
237
all residential
Avg Lease Price
$2,886
per month
Median Lease
$2,800
mid-point
Lease / Ask
98.6%
avg ratio
Over Asking
6.8%
of all leases
Avg DOM
48
days on market
Lease Prices by Property Type
Richmond Hill · March 2026
💰 Lease Price Summary
Average Lease $2,886/mo
Median Lease $2,800/mo
Avg Asking Rent $2,925/mo
Lowest Lease $1,070
Highest Lease $6,500
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 6.8%
Leased at asking 49.8%
Leased under asking 43.5%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.8% over vs 43.5% under asking.
💰 Lease Price Summary
Average Lease $2,593/mo
Median Lease $2,500/mo
Avg Asking Rent $2,630/mo
Lowest Lease $1,070
Highest Lease $4,000
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 4.9%
Leased at asking 46.1%
Leased under asking 49.0%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 4.9% over vs 49% under asking.
💰 Lease Price Summary
Average Lease $3,019/mo
Median Lease $3,000/mo
Avg Asking Rent $3,057/mo
Lowest Lease $1,200
Highest Lease $6,500
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 8.5%
Leased at asking 53.7%
Leased under asking 37.8%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.5% over vs 37.8% under asking.
💰 Lease Price Summary
Average Lease $3,215/mo
Median Lease $3,300/mo
Avg Asking Rent $3,261/mo
Lowest Lease $1,070
Highest Lease $4,500
Lease / Ask Ratio 98.6%
📊 Market Activity
Leased over asking 5.6%
Leased at asking 47.9%
Leased under asking 46.5%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.6% over vs 46.5% under asking.
💰 Lease Price Summary
Average Lease $2,090/mo
Median Lease $2,225/mo
Avg Asking Rent $2,075/mo
Lowest Lease $1,550
Highest Lease $2,359
Lease / Ask Ratio 100.7%
📊 Market Activity
Leased over asking 25.0%
Leased at asking 75.0%
Leased under asking 0.0%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 25% over vs 0% under asking.
Nearby Cities · March 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,682 | $2,550 | 98.4% | 48d | ⚖️ Balanced |
| Vaughan | $2,604 | $2,378 | 98.8% | 47d | ⚖️ Balanced |
| Aurora | $2,889 | $2,800 | 98.8% | 50d | ⚖️ Balanced |
| Newmarket | $2,338 | $2,125 | 99.0% | 56d | ⚖️ Balanced |
| Toronto | $2,724 | $2,450 | 98.9% | 49d | ⚖️ Balanced |
| Whitchurch Stouffville | $2,873 | $2,825 | 99.0% | 64d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · March 2026
The average confirmed lease in Richmond Hill was $2,886/month in March 2026,
based on 237 MLS® transactions. The median was
$2,800/month.
Condos averaged $2,593/mo, freehold averaged $3,019/mo, and townhouses averaged $3,215/mo.
Units in Richmond Hill took an average of 48 days to lease in March 2026.
Freehold rentals averaged 50 days while condos averaged 48 days.
In March 2026, condos averaged $2,593/month while freehold rentals averaged $3,019/month —
a difference of $426/month.
Richmond Hill averaged $2,886/month in March 2026. Aurora averaged $2,889/mo. Whitchurch Stouffville averaged $2,873/mo. See the full March 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.
