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January 2026 · Toronto
Average Rent in Toronto — January 2026
3,826 confirmed residential leases in Toronto in January 2026. Average rent $2,712/month. Mixed conditions across property types.
Avg Lease Price $2,712/mo
Median Lease $2,485/mo
Avg Asking $2,739/mo
Lease / Ask 99.0%
Leased Over Asking 8.4%
Avg DOM 49 days
Total Leased
3,826
all residential
Avg Lease Price
$2,712
per month
Median Lease
$2,485
mid-point
Lease / Ask
99.0%
avg ratio
Over Asking
8.4%
of all leases
Avg DOM
49
days on market
Lease Prices by Property Type
Toronto · January 2026
💰 Lease Price Summary
Average Lease $2,712/mo
Median Lease $2,485/mo
Avg Asking Rent $2,739/mo
Lowest Lease $830
Highest Lease $18,000
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 8.4%
Leased at asking 54.1%
Leased under asking 37.5%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.4% over vs 37.5% under asking.
💰 Lease Price Summary
Average Lease $2,628/mo
Median Lease $2,450/mo
Avg Asking Rent $2,657/mo
Lowest Lease $1,300
Highest Lease $15,750
Lease / Ask Ratio 98.9%
📊 Market Activity
Leased over asking 7.5%
Leased at asking 53.5%
Leased under asking 39.0%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.5% over vs 39% under asking.
💰 Lease Price Summary
Average Lease $3,320/mo
Median Lease $2,950/mo
Avg Asking Rent $3,349/mo
Lowest Lease $830
Highest Lease $18,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 12.8%
Leased at asking 57.3%
Leased under asking 29.9%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.8% over vs 29.9% under asking.
💰 Lease Price Summary
Average Lease $3,347/mo
Median Lease $2,965/mo
Avg Asking Rent $3,392/mo
Lowest Lease $1,000
Highest Lease $12,550
Lease / Ask Ratio 98.7%
📊 Market Activity
Leased over asking 9.2%
Leased at asking 52.3%
Leased under asking 38.5%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.2% over vs 38.5% under asking.
💰 Lease Price Summary
Average Lease $2,414/mo
Median Lease $2,200/mo
Avg Asking Rent $2,427/mo
Lowest Lease $1,295
Highest Lease $5,250
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 11.7%
Leased at asking 64.1%
Leased under asking 24.1%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.7% over vs 24.1% under asking.
Nearby Cities · January 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,560 | $2,450 | 98.5% | 47d | ⚖️ Balanced |
| Markham | $2,882 | $2,750 | 98.5% | 50d | ⚖️ Balanced |
| Vaughan | $2,597 | $2,350 | 99.0% | 45d | ⚖️ Balanced |
| Brampton | $2,552 | $2,600 | 97.8% | 49d | ⚖️ Balanced |
| Richmond Hill | $2,932 | $2,860 | 98.5% | 53d | 🧊 Renter-Friendly |
| Pickering | $2,594 | $2,675 | 99.6% | 50d | ⚖️ Balanced |
| Ajax | $2,506 | $2,650 | 100.6% | 62d | ⚖️ Balanced |
| Oakville | $3,122 | $2,800 | 98.6% | 52d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · January 2026
The average confirmed lease in Toronto was $2,712/month in January 2026,
based on 3,826 MLS® transactions. The median was
$2,485/month.
Condos averaged $2,628/mo, freehold averaged $3,320/mo, and townhouses averaged $3,347/mo.
Units in Toronto took an average of 49 days to lease in January 2026.
Freehold rentals averaged 57 days while condos averaged 48 days.
In January 2026, condos averaged $2,628/month while freehold rentals averaged $3,320/month —
a difference of $692/month.
Toronto averaged $2,712/month in January 2026. Markham averaged $2,882/mo. Vaughan averaged $2,597/mo. See the full January 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.
