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October 2025 · Toronto
Average Rent in Toronto — October 2025
4,618 confirmed residential leases in Toronto in October 2025. Average rent $2,849/month. Mixed conditions across property types.
Avg Lease Price $2,849/mo
Median Lease $2,600/mo
Avg Asking $2,866/mo
Lease / Ask 99.4%
Leased Over Asking 11.7%
Avg DOM 41 days
Total Leased
4,618
all residential
Avg Lease Price
$2,849
per month
Median Lease
$2,600
mid-point
Lease / Ask
99.4%
avg ratio
Over Asking
11.7%
of all leases
Avg DOM
41
days on market
Lease Prices by Property Type
Toronto · October 2025
💰 Lease Price Summary
Average Lease $2,849/mo
Median Lease $2,600/mo
Avg Asking Rent $2,866/mo
Lowest Lease $800
Highest Lease $20,000
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 11.7%
Leased at asking 62.7%
Leased under asking 25.6%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.7% over vs 25.6% under asking.
💰 Lease Price Summary
Average Lease $2,762/mo
Median Lease $2,550/mo
Avg Asking Rent $2,777/mo
Lowest Lease $1,200
Highest Lease $13,000
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 11.4%
Leased at asking 63.1%
Leased under asking 25.5%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.4% over vs 25.5% under asking.
💰 Lease Price Summary
Average Lease $3,428/mo
Median Lease $3,050/mo
Avg Asking Rent $3,459/mo
Lowest Lease $800
Highest Lease $20,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 12.1%
Leased at asking 60.4%
Leased under asking 27.5%
Avg Days on Market 46 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.1% over vs 27.5% under asking.
💰 Lease Price Summary
Average Lease $3,382/mo
Median Lease $3,225/mo
Avg Asking Rent $3,401/mo
Lowest Lease $950
Highest Lease $7,500
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 15.0%
Leased at asking 57.1%
Leased under asking 27.9%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 15% over vs 27.9% under asking.
💰 Lease Price Summary
Average Lease $2,530/mo
Median Lease $2,325/mo
Avg Asking Rent $2,536/mo
Lowest Lease $1,000
Highest Lease $6,000
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 13.4%
Leased at asking 66.2%
Leased under asking 20.4%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.4% over vs 20.4% under asking.
Nearby Cities · October 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,732 | $2,600 | 99.3% | 39d | ⚖️ Balanced |
| Markham | $2,860 | $2,800 | 98.9% | 44d | ⚖️ Balanced |
| Vaughan | $2,679 | $2,500 | 99.6% | 37d | ⚖️ Balanced |
| Brampton | $2,693 | $2,800 | 98.5% | 41d | ⚖️ Balanced |
| Richmond Hill | $3,147 | $2,970 | 99.4% | 42d | ⚖️ Balanced |
| Pickering | $2,695 | $2,750 | 99.4% | 42d | ⚖️ Balanced |
| Ajax | $2,811 | $3,025 | 99.5% | 44d | ⚖️ Balanced |
| Oakville | $3,186 | $2,800 | 99.3% | 37d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · October 2025
The average confirmed lease in Toronto was $2,849/month in October 2025,
based on 4,618 MLS® transactions. The median was
$2,600/month.
Condos averaged $2,762/mo, freehold averaged $3,428/mo, and townhouses averaged $3,382/mo.
Units in Toronto took an average of 41 days to lease in October 2025.
Freehold rentals averaged 46 days while condos averaged 40 days.
In October 2025, condos averaged $2,762/month while freehold rentals averaged $3,428/month —
a difference of $666/month.
Toronto averaged $2,849/month in October 2025. Markham averaged $2,860/mo. Ajax averaged $2,811/mo. See the full October 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.
