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June 2025 · Toronto
Average Rent in Toronto — June 2025
6,098 confirmed residential leases in Toronto in June 2025. Average rent $2,784/month. Mixed conditions across property types.
Avg Lease Price $2,784/mo
Median Lease $2,500/mo
Avg Asking $2,800/mo
Lease / Ask 99.4%
Leased Over Asking 10.6%
Avg DOM 44 days
Total Leased
6,098
all residential
Avg Lease Price
$2,784
per month
Median Lease
$2,500
mid-point
Lease / Ask
99.4%
avg ratio
Over Asking
10.6%
of all leases
Avg DOM
44
days on market
Lease Prices by Property Type
Toronto · June 2025
💰 Lease Price Summary
Average Lease $2,784/mo
Median Lease $2,500/mo
Avg Asking Rent $2,800/mo
Lowest Lease $560
Highest Lease $20,000
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 10.6%
Leased at asking 62.3%
Leased under asking 27.1%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.6% over vs 27.1% under asking.
💰 Lease Price Summary
Average Lease $2,686/mo
Median Lease $2,500/mo
Avg Asking Rent $2,704/mo
Lowest Lease $1,100
Highest Lease $16,000
Lease / Ask Ratio 99.3%
📊 Market Activity
Leased over asking 9.5%
Leased at asking 62.8%
Leased under asking 27.7%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.5% over vs 27.7% under asking.
💰 Lease Price Summary
Average Lease $3,574/mo
Median Lease $3,000/mo
Avg Asking Rent $3,595/mo
Lowest Lease $560
Highest Lease $20,000
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 60.5%
Leased under asking 25.2%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 25.2% under asking.
💰 Lease Price Summary
Average Lease $3,356/mo
Median Lease $3,125/mo
Avg Asking Rent $3,369/mo
Lowest Lease $800
Highest Lease $10,000
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 13.4%
Leased at asking 58.3%
Leased under asking 28.3%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.4% over vs 28.3% under asking.
💰 Lease Price Summary
Average Lease $2,589/mo
Median Lease $2,450/mo
Avg Asking Rent $2,573/mo
Lowest Lease $1,250
Highest Lease $5,342
Lease / Ask Ratio 100.6%
📊 Market Activity
Leased over asking 23.9%
Leased at asking 60.1%
Leased under asking 16.0%
Avg Days on Market 48 days
Fast · 050Slow · 100+
⚖️ Balanced — 23.9% over vs 16% under asking.
Nearby Cities · June 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,732 | $2,550 | 99.4% | 43d | ⚖️ Balanced |
| Markham | $2,991 | $2,900 | 98.9% | 44d | ⚖️ Balanced |
| Vaughan | $2,611 | $2,400 | 99.2% | 43d | ⚖️ Balanced |
| Brampton | $2,605 | $2,700 | 98.8% | 43d | ⚖️ Balanced |
| Richmond Hill | $3,096 | $3,000 | 99.0% | 46d | ⚖️ Balanced |
| Pickering | $2,693 | $2,750 | 99.4% | 41d | ⚖️ Balanced |
| Ajax | $2,771 | $2,900 | 99.5% | 48d | ⚖️ Balanced |
| Oakville | $3,145 | $2,800 | 99.1% | 46d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · June 2025
The average confirmed lease in Toronto was $2,784/month in June 2025,
based on 6,098 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,686/mo, freehold averaged $3,574/mo, and townhouses averaged $3,356/mo.
Units in Toronto took an average of 44 days to lease in June 2025.
Freehold rentals averaged 51 days while condos averaged 43 days.
In June 2025, condos averaged $2,686/month while freehold rentals averaged $3,574/month —
a difference of $888/month.
Toronto averaged $2,784/month in June 2025. Markham averaged $2,991/mo. Ajax averaged $2,771/mo. See the full June 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.
