Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
September 2025 · Richmond Hill
Average Rent in Richmond Hill — September 2025
352 confirmed residential leases in Richmond Hill in September 2025. Average rent $3,065/month. Mixed conditions across property types.
Avg Lease Price $3,065/mo
Median Lease $2,900/mo
Avg Asking $3,128/mo
Lease / Ask 98.0%
Leased Over Asking 8%
Avg DOM 43 days
Total Leased
352
all residential
Avg Lease Price
$3,065
per month
Median Lease
$2,900
mid-point
Lease / Ask
98.0%
avg ratio
Over Asking
8%
of all leases
Avg DOM
43
days on market
Lease Prices by Property Type
Richmond Hill · September 2025
💰 Lease Price Summary
Average Lease $3,065/mo
Median Lease $2,900/mo
Avg Asking Rent $3,128/mo
Lowest Lease $850
Highest Lease $30,000
Lease / Ask Ratio 98.0%
📊 Market Activity
Leased over asking 8.0%
Leased at asking 60.2%
Leased under asking 31.8%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 8% over vs 31.8% under asking.
💰 Lease Price Summary
Average Lease $2,688/mo
Median Lease $2,700/mo
Avg Asking Rent $2,714/mo
Lowest Lease $1,400
Highest Lease $4,500
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 5.8%
Leased at asking 58.4%
Leased under asking 35.8%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.8% over vs 35.8% under asking.
💰 Lease Price Summary
Average Lease $3,546/mo
Median Lease $3,100/mo
Avg Asking Rent $3,695/mo
Lowest Lease $850
Highest Lease $30,000
Lease / Ask Ratio 96.0%
📊 Market Activity
Leased over asking 10.8%
Leased at asking 58.6%
Leased under asking 30.6%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.8% over vs 30.6% under asking.
💰 Lease Price Summary
Average Lease $3,225/mo
Median Lease $3,300/mo
Avg Asking Rent $3,246/mo
Lowest Lease $1,400
Highest Lease $4,500
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 5.8%
Leased at asking 67.3%
Leased under asking 26.9%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 5.8% over vs 26.9% under asking.
💰 Lease Price Summary
Average Lease $1,779/mo
Median Lease $1,650/mo
Avg Asking Rent $1,793/mo
Lowest Lease $1,200
Highest Lease $2,550
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 71.4%
Leased under asking 14.3%
Avg Days on Market 45 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 14.3% under asking.
Nearby Cities · September 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Markham | $2,941 | $2,850 | 99.0% | 40d | ⚖️ Balanced |
| Vaughan | $2,634 | $2,450 | 99.4% | 40d | ⚖️ Balanced |
| Aurora | $3,264 | $3,175 | 98.2% | 44d | ⚖️ Balanced |
| Newmarket | $2,739 | $2,700 | 99.4% | 48d | ⚖️ Balanced |
| Toronto | $2,816 | $2,590 | 99.6% | 41d | ⚖️ Balanced |
| Whitchurch Stouffville | $3,213 | $3,200 | 99.5% | 45d | ⚖️ Balanced |
Frequently Asked Questions
Richmond Hill · September 2025
The average confirmed lease in Richmond Hill was $3,065/month in September 2025,
based on 352 MLS® transactions. The median was
$2,900/month.
Condos averaged $2,688/mo, freehold averaged $3,546/mo, and townhouses averaged $3,225/mo.
Units in Richmond Hill took an average of 43 days to lease in September 2025.
Freehold rentals averaged 46 days while condos averaged 42 days.
In September 2025, condos averaged $2,688/month while freehold rentals averaged $3,546/month —
a difference of $858/month.
Richmond Hill averaged $3,065/month in September 2025. Whitchurch Stouffville averaged $3,213/mo. Markham averaged $2,941/mo. See the full September 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.
