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December 2025 · Toronto
Average Rent in Toronto — December 2025
4,235 confirmed residential leases in Toronto in December 2025. Average rent $2,708/month. Mixed conditions across property types.
Avg Lease Price $2,708/mo
Median Lease $2,500/mo
Avg Asking $2,730/mo
Lease / Ask 99.2%
Leased Over Asking 11.1%
Avg DOM 44 days
Total Leased
4,235
all residential
Avg Lease Price
$2,708
per month
Median Lease
$2,500
mid-point
Lease / Ask
99.2%
avg ratio
Over Asking
11.1%
of all leases
Avg DOM
44
days on market
Lease Prices by Property Type
Toronto · December 2025
💰 Lease Price Summary
Average Lease $2,708/mo
Median Lease $2,500/mo
Avg Asking Rent $2,730/mo
Lowest Lease $750
Highest Lease $11,500
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 11.1%
Leased at asking 57.8%
Leased under asking 31.2%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.1% over vs 31.2% under asking.
💰 Lease Price Summary
Average Lease $2,622/mo
Median Lease $2,450/mo
Avg Asking Rent $2,643/mo
Lowest Lease $800
Highest Lease $11,500
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 9.9%
Leased at asking 58.3%
Leased under asking 31.9%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.9% over vs 31.9% under asking.
💰 Lease Price Summary
Average Lease $3,226/mo
Median Lease $2,848/mo
Avg Asking Rent $3,263/mo
Lowest Lease $750
Highest Lease $11,000
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 15.5%
Leased at asking 54.5%
Leased under asking 30.0%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.5% over vs 30% under asking.
💰 Lease Price Summary
Average Lease $3,106/mo
Median Lease $3,000/mo
Avg Asking Rent $3,146/mo
Lowest Lease $800
Highest Lease $7,250
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 13.6%
Leased at asking 51.8%
Leased under asking 34.5%
Avg Days on Market 52 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.6% over vs 34.5% under asking.
💰 Lease Price Summary
Average Lease $2,348/mo
Median Lease $2,200/mo
Avg Asking Rent $2,353/mo
Lowest Lease $950
Highest Lease $5,800
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 15.7%
Leased at asking 63.4%
Leased under asking 20.9%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 15.7% over vs 20.9% under asking.
Nearby Cities · December 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,641 | $2,500 | 99.1% | 41d | ⚖️ Balanced |
| Markham | $2,852 | $2,775 | 98.5% | 48d | ⚖️ Balanced |
| Vaughan | $2,690 | $2,450 | 98.5% | 41d | ⚖️ Balanced |
| Brampton | $2,637 | $2,700 | 99.2% | 45d | ⚖️ Balanced |
| Richmond Hill | $3,001 | $2,950 | 99.0% | 44d | ⚖️ Balanced |
| Pickering | $2,665 | $2,700 | 99.8% | 44d | ⚖️ Balanced |
| Ajax | $2,664 | $2,875 | 99.4% | 42d | ⚖️ Balanced |
| Oakville | $3,047 | $2,800 | 98.5% | 46d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · December 2025
The average confirmed lease in Toronto was $2,708/month in December 2025,
based on 4,235 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,622/mo, freehold averaged $3,226/mo, and townhouses averaged $3,106/mo.
Units in Toronto took an average of 44 days to lease in December 2025.
Freehold rentals averaged 49 days while condos averaged 42 days.
In December 2025, condos averaged $2,622/month while freehold rentals averaged $3,226/month —
a difference of $604/month.
Toronto averaged $2,708/month in December 2025. Markham averaged $2,852/mo. Vaughan averaged $2,690/mo. See the full December 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.
