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August 2025 · Toronto
Average Rent in Toronto — August 2025
8,961 confirmed residential leases in Toronto in August 2025. Average rent $2,833/month. Mixed conditions across property types.
Avg Lease Price $2,833/mo
Median Lease $2,590/mo
Avg Asking $2,845/mo
Lease / Ask 99.6%
Leased Over Asking 12.8%
Avg DOM 43 days
Total Leased
8,961
all residential
Avg Lease Price
$2,833
per month
Median Lease
$2,590
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
12.8%
of all leases
Avg DOM
43
days on market
Lease Prices by Property Type
Toronto · August 2025
💰 Lease Price Summary
Average Lease $2,833/mo
Median Lease $2,590/mo
Avg Asking Rent $2,845/mo
Lowest Lease $770
Highest Lease $30,000
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 12.8%
Leased at asking 63.8%
Leased under asking 23.4%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.8% over vs 23.4% under asking.
💰 Lease Price Summary
Average Lease $2,743/mo
Median Lease $2,550/mo
Avg Asking Rent $2,755/mo
Lowest Lease $770
Highest Lease $13,000
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 12.0%
Leased at asking 64.8%
Leased under asking 23.2%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 12% over vs 23.2% under asking.
💰 Lease Price Summary
Average Lease $3,671/mo
Median Lease $3,000/mo
Avg Asking Rent $3,683/mo
Lowest Lease $800
Highest Lease $30,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 18.0%
Leased at asking 57.9%
Leased under asking 24.1%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 18% over vs 24.1% under asking.
💰 Lease Price Summary
Average Lease $3,422/mo
Median Lease $3,250/mo
Avg Asking Rent $3,450/mo
Lowest Lease $770
Highest Lease $19,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 11.0%
Leased at asking 54.2%
Leased under asking 34.8%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 11% over vs 34.8% under asking.
💰 Lease Price Summary
Average Lease $2,584/mo
Median Lease $2,400/mo
Avg Asking Rent $2,575/mo
Lowest Lease $1,100
Highest Lease $9,000
Lease / Ask Ratio 100.4%
📊 Market Activity
Leased over asking 19.3%
Leased at asking 58.9%
Leased under asking 21.8%
Avg Days on Market 53 days
Fast · 050Slow · 100+
⚖️ Balanced — 19.3% over vs 21.8% under asking.
Nearby Cities · August 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,769 | $2,650 | 99.3% | 42d | ⚖️ Balanced |
| Markham | $2,937 | $2,850 | 99.2% | 41d | ⚖️ Balanced |
| Vaughan | $2,631 | $2,400 | 99.3% | 42d | ⚖️ Balanced |
| Brampton | $2,721 | $2,775 | 98.3% | 41d | ⚖️ Balanced |
| Richmond Hill | $3,098 | $3,000 | 99.2% | 44d | ⚖️ Balanced |
| Pickering | $2,752 | $2,763 | 99.4% | 37d | ⚖️ Balanced |
| Ajax | $2,616 | $2,700 | 98.3% | 39d | ⚖️ Balanced |
| Oakville | $3,309 | $3,000 | 99.2% | 41d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · August 2025
The average confirmed lease in Toronto was $2,833/month in August 2025,
based on 8,961 MLS® transactions. The median was
$2,590/month.
Condos averaged $2,743/mo, freehold averaged $3,671/mo, and townhouses averaged $3,422/mo.
Units in Toronto took an average of 43 days to lease in August 2025.
Freehold rentals averaged 51 days while condos averaged 42 days.
In August 2025, condos averaged $2,743/month while freehold rentals averaged $3,671/month —
a difference of $928/month.
Toronto averaged $2,833/month in August 2025. Markham averaged $2,937/mo. Mississauga averaged $2,769/mo. See the full August 2025 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.
