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April 2026 · Toronto
Average Rent in Toronto — April 2026
5,644 confirmed residential leases in Toronto in April 2026. Average rent $2,646/month. Mixed conditions across property types.
Avg Lease Price $2,646/mo
Median Lease $2,450/mo
Avg Asking $2,669/mo
Lease / Ask 99.1%
Leased Over Asking 9.7%
Avg DOM 49 days
Previous Months
Total Leased
5,644
all residential
Avg Lease Price
$2,646
per month
Median Lease
$2,450
mid-point
Lease / Ask
99.1%
avg ratio
Over Asking
9.7%
of all leases
Avg DOM
49
days on market
Lease Prices by Property Type
Toronto · April 2026
💰 Lease Price Summary
Average Lease $2,646/mo
Median Lease $2,450/mo
Avg Asking Rent $2,669/mo
Lowest Lease $750
Highest Lease $25,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 9.7%
Leased at asking 57.6%
Leased under asking 32.8%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.7% over vs 32.8% under asking.
💰 Lease Price Summary
Average Lease $2,580/mo
Median Lease $2,400/mo
Avg Asking Rent $2,603/mo
Lowest Lease $900
Highest Lease $25,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 8.6%
Leased at asking 57.6%
Leased under asking 33.7%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.6% over vs 33.7% under asking.
💰 Lease Price Summary
Average Lease $3,160/mo
Median Lease $2,800/mo
Avg Asking Rent $3,188/mo
Lowest Lease $850
Highest Lease $22,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 57.2%
Leased under asking 28.5%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 28.5% under asking.
💰 Lease Price Summary
Average Lease $3,116/mo
Median Lease $2,900/mo
Avg Asking Rent $3,146/mo
Lowest Lease $900
Highest Lease $8,950
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 12.6%
Leased at asking 52.6%
Leased under asking 34.8%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.6% over vs 34.8% under asking.
💰 Lease Price Summary
Average Lease $2,492/mo
Median Lease $2,300/mo
Avg Asking Rent $2,499/mo
Lowest Lease $1,200
Highest Lease $5,900
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 15.6%
Leased at asking 60.9%
Leased under asking 23.6%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.6% over vs 23.6% under asking.
Nearby Cities · April 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,566 | $2,500 | 98.9% | 45d | ⚖️ Balanced |
| Markham | $2,763 | $2,600 | 98.4% | 45d | ⚖️ Balanced |
| Vaughan | $2,569 | $2,400 | 99.0% | 48d | ⚖️ Balanced |
| Brampton | $2,483 | $2,550 | 97.7% | 50d | 🧊 Renter-Friendly |
| Richmond Hill | $2,956 | $2,900 | 99.1% | 53d | ⚖️ Balanced |
| Pickering | $2,560 | $2,550 | 99.4% | 42d | ⚖️ Balanced |
| Ajax | $2,631 | $2,750 | 100.0% | 50d | ⚖️ Balanced |
| Oakville | $2,971 | $2,625 | 98.5% | 51d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · April 2026
The average confirmed lease in Toronto was $2,646/month in April 2026,
based on 5,644 MLS® transactions. The median was
$2,450/month.
Condos averaged $2,580/mo, freehold averaged $3,160/mo, and townhouses averaged $3,116/mo.
Units in Toronto took an average of 49 days to lease in April 2026.
Freehold rentals averaged 56 days while condos averaged 48 days.
In April 2026, condos averaged $2,580/month while freehold rentals averaged $3,160/month —
a difference of $580/month.
Toronto averaged $2,646/month in April 2026. Markham averaged $2,763/mo. Ajax averaged $2,631/mo. See the full April 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.
