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July 2026 · Toronto
Average Rent in Toronto — July 2026
7,939 confirmed residential leases in Toronto in July 2026. Average rent $2,771/month. Mixed conditions across property types.
Avg Lease Price $2,771/mo
Median Lease $2,500/mo
Avg Asking $2,780/mo
Lease / Ask 99.7%
Leased Over Asking 13.6%
Avg DOM 22 days
Previous Months
Total Leased
7,939
all residential
Avg Lease Price
$2,771
per month
Median Lease
$2,500
mid-point
Lease / Ask
99.7%
avg ratio
Over Asking
13.6%
of all leases
Avg DOM
22
days on market
Lease Prices by Property Type
Toronto · July 2026
💰 Lease Price Summary
Average Lease $2,771/mo
Median Lease $2,500/mo
Avg Asking Rent $2,780/mo
Lowest Lease $620
Highest Lease $23,500
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 13.6%
Leased at asking 65.9%
Leased under asking 20.5%
Avg Days on Market 22 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.6% over vs 20.5% under asking.
💰 Lease Price Summary
Average Lease $2,699/mo
Median Lease $2,500/mo
Avg Asking Rent $2,707/mo
Lowest Lease $950
Highest Lease $21,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 13.2%
Leased at asking 66.4%
Leased under asking 20.4%
Avg Days on Market 20 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.2% over vs 20.4% under asking.
💰 Lease Price Summary
Average Lease $3,456/mo
Median Lease $2,950/mo
Avg Asking Rent $3,475/mo
Lowest Lease $620
Highest Lease $23,500
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 16.8%
Leased at asking 61.2%
Leased under asking 22.0%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 16.8% over vs 22% under asking.
💰 Lease Price Summary
Average Lease $3,164/mo
Median Lease $3,000/mo
Avg Asking Rent $3,177/mo
Lowest Lease $800
Highest Lease $8,500
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 12.0%
Leased at asking 62.8%
Leased under asking 25.2%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 12% over vs 25.2% under asking.
💰 Lease Price Summary
Average Lease $2,462/mo
Median Lease $2,300/mo
Avg Asking Rent $2,461/mo
Lowest Lease $1,050
Highest Lease $6,500
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 14.9%
Leased at asking 67.3%
Leased under asking 17.8%
Avg Days on Market 34 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.9% over vs 17.8% under asking.
Nearby Cities · July 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,722 | $2,600 | 99.6% | 21d | ⚖️ Balanced |
| Markham | $2,832 | $2,800 | 99.1% | 26d | ⚖️ Balanced |
| Vaughan | $2,669 | $2,450 | 99.6% | 24d | ⚖️ Balanced |
| Brampton | $2,615 | $2,695 | 99.4% | 27d | ⚖️ Balanced |
| Richmond Hill | $3,019 | $2,885 | 99.6% | 25d | ⚖️ Balanced |
| Pickering | $2,660 | $2,625 | 99.6% | 21d | ⚖️ Balanced |
| Ajax | $2,645 | $2,895 | 99.9% | 28d | ⚖️ Balanced |
| Oakville | $3,309 | $2,900 | 99.5% | 19d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · July 2026
The average confirmed lease in Toronto was $2,771/month in July 2026,
based on 7,939 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,699/mo, freehold averaged $3,456/mo, and townhouses averaged $3,164/mo.
Units in Toronto took an average of 22 days to lease in July 2026.
Freehold rentals averaged 30 days while condos averaged 20 days.
In July 2026, condos averaged $2,699/month while freehold rentals averaged $3,456/month —
a difference of $757/month.
Toronto averaged $2,771/month in July 2026. Markham averaged $2,832/mo. Mississauga averaged $2,722/mo. See the full July 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.
