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September 2025 · Toronto
Average Rent in Toronto — September 2025
6,900 confirmed residential leases in Toronto in September 2025. Average rent $2,816/month. Mixed conditions across property types.
Avg Lease Price $2,816/mo
Median Lease $2,590/mo
Avg Asking $2,826/mo
Lease / Ask 99.6%
Leased Over Asking 12%
Avg DOM 41 days
Total Leased
6,900
all residential
Avg Lease Price
$2,816
per month
Median Lease
$2,590
mid-point
Lease / Ask
99.6%
avg ratio
Over Asking
12%
of all leases
Avg DOM
41
days on market
Lease Prices by Property Type
Toronto · September 2025
💰 Lease Price Summary
Average Lease $2,816/mo
Median Lease $2,590/mo
Avg Asking Rent $2,826/mo
Lowest Lease $700
Highest Lease $25,000
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 12.0%
Leased at asking 65.5%
Leased under asking 22.5%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 12% over vs 22.5% under asking.
💰 Lease Price Summary
Average Lease $2,742/mo
Median Lease $2,550/mo
Avg Asking Rent $2,751/mo
Lowest Lease $730
Highest Lease $13,500
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 11.8%
Leased at asking 66.0%
Leased under asking 22.2%
Avg Days on Market 40 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.8% over vs 22.2% under asking.
💰 Lease Price Summary
Average Lease $3,376/mo
Median Lease $2,850/mo
Avg Asking Rent $3,404/mo
Lowest Lease $700
Highest Lease $25,000
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 13.1%
Leased at asking 60.6%
Leased under asking 26.3%
Avg Days on Market 49 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.1% over vs 26.3% under asking.
💰 Lease Price Summary
Average Lease $3,298/mo
Median Lease $3,100/mo
Avg Asking Rent $3,313/mo
Lowest Lease $925
Highest Lease $10,695
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 11.7%
Leased at asking 66.0%
Leased under asking 22.3%
Avg Days on Market 47 days
Fast · 050Slow · 100+
⚖️ Balanced — 11.7% over vs 22.3% under asking.
💰 Lease Price Summary
Average Lease $2,506/mo
Median Lease $2,350/mo
Avg Asking Rent $2,501/mo
Lowest Lease $1,075
Highest Lease $7,500
Lease / Ask Ratio 100.2%
📊 Market Activity
Leased over asking 14.1%
Leased at asking 66.4%
Leased under asking 19.5%
Avg Days on Market 50 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.1% over vs 19.5% under asking.
Nearby Cities · September 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,716 | $2,600 | 99.4% | 40d | ⚖️ Balanced |
| Markham | $2,941 | $2,850 | 99.0% | 40d | ⚖️ Balanced |
| Vaughan | $2,634 | $2,450 | 99.4% | 40d | ⚖️ Balanced |
| Brampton | $2,669 | $2,800 | 98.8% | 42d | ⚖️ Balanced |
| Richmond Hill | $3,065 | $2,900 | 98.0% | 43d | ⚖️ Balanced |
| Pickering | $2,839 | $2,800 | 101.6% | 42d | ⚖️ Balanced |
| Ajax | $2,700 | $2,850 | 99.6% | 47d | ⚖️ Balanced |
| Oakville | $3,138 | $2,800 | 99.2% | 40d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · September 2025
The average confirmed lease in Toronto was $2,816/month in September 2025,
based on 6,900 MLS® transactions. The median was
$2,590/month.
Condos averaged $2,742/mo, freehold averaged $3,376/mo, and townhouses averaged $3,298/mo.
Units in Toronto took an average of 41 days to lease in September 2025.
Freehold rentals averaged 49 days while condos averaged 40 days.
In September 2025, condos averaged $2,742/month while freehold rentals averaged $3,376/month —
a difference of $634/month.
Toronto averaged $2,816/month in September 2025. Pickering averaged $2,839/mo. Mississauga averaged $2,716/mo. See the full September 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.
