Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD
Call Now: 416-939-2500 Email: vikas@vikaspalan.com
March 2026 · Toronto
Average Rent in Toronto — March 2026
4,744 confirmed residential leases in Toronto in March 2026. Average rent $2,724/month. Mixed conditions across property types.
Avg Lease Price $2,724/mo
Median Lease $2,450/mo
Avg Asking $2,753/mo
Lease / Ask 98.9%
Leased Over Asking 8.7%
Avg DOM 49 days
Total Leased
4,744
all residential
Avg Lease Price
$2,724
per month
Median Lease
$2,450
mid-point
Lease / Ask
98.9%
avg ratio
Over Asking
8.7%
of all leases
Avg DOM
49
days on market
Lease Prices by Property Type
Toronto · March 2026
💰 Lease Price Summary
Average Lease $2,724/mo
Median Lease $2,450/mo
Avg Asking Rent $2,753/mo
Lowest Lease $500
Highest Lease $35,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 8.7%
Leased at asking 55.9%
Leased under asking 35.4%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.7% over vs 35.4% under asking.
💰 Lease Price Summary
Average Lease $2,640/mo
Median Lease $2,400/mo
Avg Asking Rent $2,670/mo
Lowest Lease $1,000
Highest Lease $25,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 8.0%
Leased at asking 56.1%
Leased under asking 35.9%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 8% over vs 35.9% under asking.
💰 Lease Price Summary
Average Lease $3,367/mo
Median Lease $2,950/mo
Avg Asking Rent $3,395/mo
Lowest Lease $500
Highest Lease $35,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 12.1%
Leased at asking 54.2%
Leased under asking 33.8%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.1% over vs 33.8% under asking.
💰 Lease Price Summary
Average Lease $3,115/mo
Median Lease $2,900/mo
Avg Asking Rent $3,168/mo
Lowest Lease $980
Highest Lease $14,995
Lease / Ask Ratio 98.3%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 48.6%
Leased under asking 43.7%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 43.7% under asking.
💰 Lease Price Summary
Average Lease $2,481/mo
Median Lease $2,295/mo
Avg Asking Rent $2,487/mo
Lowest Lease $1,050
Highest Lease $5,750
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 15.4%
Leased at asking 55.7%
Leased under asking 28.9%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.4% over vs 28.9% under asking.
Nearby Cities · March 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,590 | $2,450 | 98.7% | 48d | ⚖️ Balanced |
| Markham | $2,682 | $2,550 | 98.4% | 48d | ⚖️ Balanced |
| Vaughan | $2,604 | $2,378 | 98.8% | 47d | ⚖️ Balanced |
| Brampton | $2,442 | $2,500 | 98.1% | 49d | ⚖️ Balanced |
| Richmond Hill | $2,886 | $2,800 | 98.6% | 48d | ⚖️ Balanced |
| Pickering | $2,601 | $2,650 | 99.3% | 46d | ⚖️ Balanced |
| Ajax | $2,472 | $2,600 | 99.0% | 57d | ⚖️ Balanced |
| Oakville | $3,003 | $2,750 | 98.6% | 50d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · March 2026
The average confirmed lease in Toronto was $2,724/month in March 2026,
based on 4,744 MLS® transactions. The median was
$2,450/month.
Condos averaged $2,640/mo, freehold averaged $3,367/mo, and townhouses averaged $3,115/mo.
Units in Toronto took an average of 49 days to lease in March 2026.
Freehold rentals averaged 58 days while condos averaged 47 days.
In March 2026, condos averaged $2,640/month while freehold rentals averaged $3,367/month —
a difference of $727/month.
Toronto averaged $2,724/month in March 2026. Richmond Hill averaged $2,886/mo. Markham averaged $2,682/mo. See the full March 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.
