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November 2025 · Toronto
Average Rent in Toronto — November 2025
4,322 confirmed residential leases in Toronto in November 2025. Average rent $2,772/month. Mixed conditions across property types.
Avg Lease Price $2,772/mo
Median Lease $2,500/mo
Avg Asking $2,796/mo
Lease / Ask 99.1%
Leased Over Asking 10.2%
Avg DOM 42 days
Total Leased
4,322
all residential
Avg Lease Price
$2,772
per month
Median Lease
$2,500
mid-point
Lease / Ask
99.1%
avg ratio
Over Asking
10.2%
of all leases
Avg DOM
42
days on market
Lease Prices by Property Type
Toronto · November 2025
💰 Lease Price Summary
Average Lease $2,772/mo
Median Lease $2,500/mo
Avg Asking Rent $2,796/mo
Lowest Lease $800
Highest Lease $22,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 10.2%
Leased at asking 60.2%
Leased under asking 29.6%
Avg Days on Market 42 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.2% over vs 29.6% under asking.
💰 Lease Price Summary
Average Lease $2,692/mo
Median Lease $2,500/mo
Avg Asking Rent $2,714/mo
Lowest Lease $1,150
Highest Lease $16,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 61.1%
Leased under asking 29.9%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 29.9% under asking.
💰 Lease Price Summary
Average Lease $3,242/mo
Median Lease $2,850/mo
Avg Asking Rent $3,283/mo
Lowest Lease $800
Highest Lease $22,000
Lease / Ask Ratio 98.8%
📊 Market Activity
Leased over asking 15.0%
Leased at asking 56.5%
Leased under asking 28.5%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 15% over vs 28.5% under asking.
💰 Lease Price Summary
Average Lease $3,293/mo
Median Lease $3,100/mo
Avg Asking Rent $3,327/mo
Lowest Lease $975
Highest Lease $7,500
Lease / Ask Ratio 99.0%
📊 Market Activity
Leased over asking 10.6%
Leased at asking 56.3%
Leased under asking 33.2%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.6% over vs 33.2% under asking.
💰 Lease Price Summary
Average Lease $2,565/mo
Median Lease $2,400/mo
Avg Asking Rent $2,577/mo
Lowest Lease $1,300
Highest Lease $6,400
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 13.8%
Leased at asking 58.1%
Leased under asking 28.1%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.8% over vs 28.1% under asking.
Nearby Cities · November 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,726 | $2,600 | 98.9% | 40d | ⚖️ Balanced |
| Markham | $2,846 | $2,800 | 98.9% | 47d | ⚖️ Balanced |
| Vaughan | $2,773 | $2,500 | 99.1% | 41d | ⚖️ Balanced |
| Brampton | $2,703 | $2,800 | 99.0% | 44d | ⚖️ Balanced |
| Richmond Hill | $2,985 | $2,850 | 98.6% | 47d | ⚖️ Balanced |
| Pickering | $2,770 | $2,800 | 99.6% | 42d | ⚖️ Balanced |
| Ajax | $2,620 | $2,675 | 101.0% | 39d | ⚖️ Balanced |
| Oakville | $3,216 | $2,850 | 98.8% | 41d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · November 2025
The average confirmed lease in Toronto was $2,772/month in November 2025,
based on 4,322 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,692/mo, freehold averaged $3,242/mo, and townhouses averaged $3,293/mo.
Units in Toronto took an average of 42 days to lease in November 2025.
Freehold rentals averaged 50 days while condos averaged 40 days.
In November 2025, condos averaged $2,692/month while freehold rentals averaged $3,242/month —
a difference of $550/month.
Toronto averaged $2,772/month in November 2025. Vaughan averaged $2,773/mo. Pickering averaged $2,770/mo. See the full November 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.
