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February 2026 · Toronto
Average Rent in Toronto — February 2026
3,950 confirmed residential leases in Toronto in February 2026. Average rent $2,679/month. Mixed conditions across property types.
Avg Lease Price $2,679/mo
Median Lease $2,493/mo
Avg Asking $2,706/mo
Lease / Ask 99.0%
Leased Over Asking 9.3%
Avg DOM 49 days
Total Leased
3,950
all residential
Avg Lease Price
$2,679
per month
Median Lease
$2,493
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
9.3%
of all leases
Avg DOM
49
days on market
Lease Prices by Property Type
Toronto · February 2026
💰 Lease Price Summary
Average Lease $2,679/mo
Median Lease $2,493/mo
Avg Asking Rent $2,706/mo
Lowest Lease $650
Highest Lease $25,000
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 9.3%
Leased at asking 54.6%
Leased under asking 36.1%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.3% over vs 36.1% under asking.
💰 Lease Price Summary
Average Lease $2,590/mo
Median Lease $2,425/mo
Avg Asking Rent $2,619/mo
Lowest Lease $1,150
Highest Lease $15,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 7.8%
Leased at asking 55.1%
Leased under asking 37.1%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.8% over vs 37.1% under asking.
💰 Lease Price Summary
Average Lease $3,291/mo
Median Lease $2,900/mo
Avg Asking Rent $3,316/mo
Lowest Lease $650
Highest Lease $25,000
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 15.2%
Leased at asking 51.5%
Leased under asking 33.3%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.2% over vs 33.3% under asking.
💰 Lease Price Summary
Average Lease $3,207/mo
Median Lease $3,000/mo
Avg Asking Rent $3,241/mo
Lowest Lease $850
Highest Lease $10,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 9.4%
Leased at asking 54.0%
Leased under asking 36.6%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.4% over vs 36.6% under asking.
💰 Lease Price Summary
Average Lease $2,297/mo
Median Lease $2,195/mo
Avg Asking Rent $2,299/mo
Lowest Lease $750
Highest Lease $7,600
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 21.1%
Leased at asking 54.0%
Leased under asking 24.8%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 21.1% over vs 24.8% under asking.
Nearby Cities · February 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,546 | $2,450 | 99.0% | 46d | ⚖️ Balanced |
| Markham | $2,884 | $2,750 | 98.3% | 47d | 🧊 Renter-Friendly |
| Vaughan | $2,626 | $2,400 | 99.1% | 47d | ⚖️ Balanced |
| Brampton | $2,404 | $2,500 | 98.0% | 48d | ⚖️ Balanced |
| Richmond Hill | $2,914 | $2,850 | 98.6% | 55d | ⚖️ Balanced |
| Pickering | $2,653 | $2,675 | 99.3% | 46d | ⚖️ Balanced |
| Ajax | $2,564 | $2,725 | 98.4% | 49d | ⚖️ Balanced |
| Oakville | $3,006 | $2,675 | 98.8% | 53d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · February 2026
The average confirmed lease in Toronto was $2,679/month in February 2026,
based on 3,950 MLS® transactions. The median was
$2,493/month.
Condos averaged $2,590/mo, freehold averaged $3,291/mo, and townhouses averaged $3,207/mo.
Units in Toronto took an average of 49 days to lease in February 2026.
Freehold rentals averaged 56 days while condos averaged 47 days.
In February 2026, condos averaged $2,590/month while freehold rentals averaged $3,291/month —
a difference of $701/month.
Toronto averaged $2,679/month in February 2026. Markham averaged $2,884/mo. Pickering averaged $2,653/mo. See the full February 2026 Ontario lease summary →
Looking to rent in Toronto?
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 Toronto, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
