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May 2026 · Richmond Hill
Average Rent in Richmond Hill — May 2026
304 confirmed residential leases in Richmond Hill in May 2026. Average rent $3,012/month. Mixed conditions across property types.
Avg Lease Price $3,012/mo
Median Lease $2,900/mo
Avg Asking $3,036/mo
Lease / Ask 99.2%
Leased Over Asking 11.8%
Avg DOM 29 days
Previous Months
Total Leased
304
all residential
Avg Lease Price
$3,012
per month
Median Lease
$2,900
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
11.8%
of all leases
Avg DOM
29
days on market
Lease Prices by Property Type
Richmond Hill · May 2026
💰 Lease Price Summary
Average Lease $3,012/mo
Median Lease $2,900/mo
Avg Asking Rent $3,036/mo
Lowest Lease $900
Highest Lease $8,900
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 11.8%
Leased at asking 53.6%
Leased under asking 34.5%
Avg Days on Market 29 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.8% over vs 34.5% under asking.
💰 Lease Price Summary
Average Lease $2,647/mo
Median Lease $2,575/mo
Avg Asking Rent $2,670/mo
Lowest Lease $1,950
Highest Lease $3,850
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 9.7%
Leased at asking 56.0%
Leased under asking 34.3%
Avg Days on Market 27 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.7% over vs 34.3% under asking.
💰 Lease Price Summary
Average Lease $3,327/mo
Median Lease $3,250/mo
Avg Asking Rent $3,350/mo
Lowest Lease $900
Highest Lease $8,900
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 16.8%
Leased at asking 47.5%
Leased under asking 35.6%
Avg Days on Market 32 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.8% over vs 35.6% under asking.
💰 Lease Price Summary
Average Lease $3,230/mo
Median Lease $3,400/mo
Avg Asking Rent $3,262/mo
Lowest Lease $1,400
Highest Lease $4,200
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 9.3%
Leased at asking 54.7%
Leased under asking 36.0%
Avg Days on Market 29 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.3% over vs 36% under asking.
💰 Lease Price Summary
Average Lease $1,858/mo
Median Lease $1,950/mo
Avg Asking Rent $1,858/mo
Lowest Lease $1,675
Highest Lease $1,950
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 100.0%
Leased under asking 0.0%
Avg Days on Market 35 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,805 | $2,595 | 99.1% | 27d | ⚖️ Balanced |
| Vaughan | $2,687 | $2,400 | 99.8% | 26d | ⚖️ Balanced |
| Aurora | $3,006 | $3,000 | 98.9% | 32d | ⚖️ Balanced |
| Newmarket | $2,598 | $2,450 | 99.3% | 28d | ⚖️ Balanced |
| Toronto | $2,751 | $2,500 | 99.7% | 23d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,120 | $3,150 | 99.2% | 23d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · May 2026
The average confirmed lease in Richmond Hill was $3,012/month in May 2026,
based on 304 MLS® transactions. The median was
$2,900/month.
Condos averaged $2,647/mo, freehold averaged $3,327/mo, and townhouses averaged $3,230/mo.
Units in Richmond Hill took an average of 29 days to lease in May 2026.
Freehold rentals averaged 32 days while condos averaged 27 days.
In May 2026, condos averaged $2,647/month while freehold rentals averaged $3,327/month —
a difference of $680/month.
Richmond Hill averaged $3,012/month in May 2026. Whitchurch Stouffville averaged $3,120/mo. Aurora averaged $3,006/mo. See the full May 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.
