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July 2025 · Toronto
Average Rent in Toronto — July 2025
6,522 confirmed residential leases in Toronto in July 2025. Average rent $2,813/month. Mixed conditions across property types.
Avg Lease Price $2,813/mo
Median Lease $2,550/mo
Avg Asking $2,828/mo
Lease / Ask 99.5%
Leased Over Asking 11%
Avg DOM 43 days
Total Leased
6,522
all residential
Avg Lease Price
$2,813
per month
Median Lease
$2,550
mid-point
Lease / Ask
99.5%
avg ratio
Over Asking
11%
of all leases
Avg DOM
43
days on market
Lease Prices by Property Type
Toronto · July 2025
💰 Lease Price Summary
Average Lease $2,813/mo
Median Lease $2,550/mo
Avg Asking Rent $2,828/mo
Lowest Lease $550
Highest Lease $23,000
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 11.0%
Leased at asking 62.5%
Leased under asking 26.5%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 11% over vs 26.5% under asking.
💰 Lease Price Summary
Average Lease $2,715/mo
Median Lease $2,500/mo
Avg Asking Rent $2,732/mo
Lowest Lease $750
Highest Lease $23,000
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 10.0%
Leased at asking 62.9%
Leased under asking 27.1%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 10% over vs 27.1% under asking.
💰 Lease Price Summary
Average Lease $3,567/mo
Median Lease $3,100/mo
Avg Asking Rent $3,574/mo
Lowest Lease $550
Highest Lease $22,000
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 16.6%
Leased at asking 59.0%
Leased under asking 24.4%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.6% over vs 24.4% under asking.
💰 Lease Price Summary
Average Lease $3,337/mo
Median Lease $3,300/mo
Avg Asking Rent $3,369/mo
Lowest Lease $950
Highest Lease $7,600
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 10.0%
Leased at asking 57.8%
Leased under asking 32.2%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 10% over vs 32.2% under asking.
💰 Lease Price Summary
Average Lease $2,496/mo
Median Lease $2,325/mo
Avg Asking Rent $2,497/mo
Lowest Lease $1,250
Highest Lease $5,700
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 19.3%
Leased at asking 64.2%
Leased under asking 16.5%
Avg Days on Market 54 days
Fast · 050Slow · 100+
⚖️ Balanced — 19.3% over vs 16.5% under asking.
Nearby Cities · July 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,781 | $2,600 | 99.1% | 42d | ⚖️ Balanced |
| Markham | $2,973 | $2,800 | 99.3% | 42d | ⚖️ Balanced |
| Vaughan | $2,678 | $2,413 | 99.1% | 41d | ⚖️ Balanced |
| Brampton | $2,665 | $2,750 | 98.5% | 42d | ⚖️ Balanced |
| Richmond Hill | $3,120 | $3,000 | 99.7% | 47d | ⚖️ Balanced |
| Pickering | $2,745 | $2,700 | 99.6% | 42d | ⚖️ Balanced |
| Ajax | $2,519 | $2,813 | 99.3% | 43d | ⚖️ Balanced |
| Oakville | $3,244 | $2,850 | 99.2% | 44d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · July 2025
The average confirmed lease in Toronto was $2,813/month in July 2025,
based on 6,522 MLS® transactions. The median was
$2,550/month.
Condos averaged $2,715/mo, freehold averaged $3,567/mo, and townhouses averaged $3,337/mo.
Units in Toronto took an average of 43 days to lease in July 2025.
Freehold rentals averaged 49 days while condos averaged 42 days.
In July 2025, condos averaged $2,715/month while freehold rentals averaged $3,567/month —
a difference of $852/month.
Toronto averaged $2,813/month in July 2025. Markham averaged $2,973/mo. Mississauga averaged $2,781/mo. See the full July 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.
