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October 2025 · Richmond Hill
Average Rent in Richmond Hill — October 2025
264 confirmed residential leases in Richmond Hill in October 2025. Average rent $3,147/month. Mixed conditions across property types.
Avg Lease Price $3,147/mo
Median Lease $2,970/mo
Avg Asking $3,166/mo
Lease / Ask 99.4%
Leased Over Asking 9.1%
Avg DOM 42 days
Total Leased
264
all residential
Avg Lease Price
$3,147
per month
Median Lease
$2,970
mid-point
Lease / Ask
99.4%
avg ratio
Over Asking
9.1%
of all leases
Avg DOM
42
days on market
Lease Prices by Property Type
Richmond Hill · October 2025
💰 Lease Price Summary
Average Lease $3,147/mo
Median Lease $2,970/mo
Avg Asking Rent $3,166/mo
Lowest Lease $1,340
Highest Lease $19,000
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 56.4%
Leased under asking 34.5%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 34.5% under asking.
💰 Lease Price Summary
Average Lease $2,739/mo
Median Lease $2,750/mo
Avg Asking Rent $2,766/mo
Lowest Lease $2,100
Highest Lease $4,050
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 7.2%
Leased at asking 57.7%
Leased under asking 35.1%
Avg Days on Market 39 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.2% over vs 35.1% under asking.
💰 Lease Price Summary
Average Lease $3,447/mo
Median Lease $3,300/mo
Avg Asking Rent $3,456/mo
Lowest Lease $1,340
Highest Lease $19,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 54.5%
Leased under asking 36.4%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 36.4% under asking.
💰 Lease Price Summary
Average Lease $3,231/mo
Median Lease $3,250/mo
Avg Asking Rent $3,256/mo
Lowest Lease $2,400
Highest Lease $4,280
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 13.0%
Leased at asking 52.2%
Leased under asking 34.8%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 13% over vs 34.8% under asking.
💰 Lease Price Summary
Average Lease $2,990/mo
Median Lease $2,990/mo
Avg Asking Rent $2,990/mo
Lowest Lease $2,990
Highest Lease $2,990
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 21 days
Fast · 050Slow · 100+
⚖️ Balanced — 0% over vs 0% under asking.
Nearby Cities · October 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,860 | $2,800 | 98.9% | 44d | ⚖️ Balanced |
| Vaughan | $2,679 | $2,500 | 99.6% | 37d | ⚖️ Balanced |
| Aurora | $3,050 | $3,000 | 99.3% | 38d | ⚖️ Balanced |
| Newmarket | $2,778 | $2,800 | 99.3% | 44d | ⚖️ Balanced |
| Toronto | $2,849 | $2,600 | 99.4% | 41d | ⚖️ Balanced |
| Whitchurch Stouffville | $2,860 | $2,988 | 99.8% | 47d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · October 2025
The average confirmed lease in Richmond Hill was $3,147/month in October 2025,
based on 264 MLS® transactions. The median was
$2,970/month.
Condos averaged $2,739/mo, freehold averaged $3,447/mo, and townhouses averaged $3,231/mo.
Units in Richmond Hill took an average of 42 days to lease in October 2025.
Freehold rentals averaged 44 days while condos averaged 39 days.
In October 2025, condos averaged $2,739/month while freehold rentals averaged $3,447/month —
a difference of $708/month.
Richmond Hill averaged $3,147/month in October 2025. Aurora averaged $3,050/mo. See the full October 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.
