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September 2026 · Toronto
Average Rent in Toronto — September 2026
5,004 confirmed residential leases in Toronto in September 2026. Average rent $2,798/month. Mixed conditions across property types.
Avg Lease Price $2,798/mo
Median Lease $2,525/mo
Avg Asking $2,804/mo
Lease / Ask 99.8%
Leased Over Asking 14.3%
Avg DOM 21 days
Previous Months
Total Leased
5,004
all residential
Avg Lease Price
$2,798
per month
Median Lease
$2,525
mid-point
Lease / Ask
99.8%
avg ratio
Over Asking
14.3%
of all leases
Avg DOM
21
days on market
Lease Prices by Property Type
Toronto · September 2026
💰 Lease Price Summary
Average Lease $2,798/mo
Median Lease $2,525/mo
Avg Asking Rent $2,804/mo
Lowest Lease $750
Highest Lease $35,000
Lease / Ask Ratio 99.8%
📊 Market Activity
Leased over asking 14.3%
Leased at asking 63.2%
Leased under asking 22.4%
Avg Days on Market 21 days
Fast · 050Slow · 100+
⚖️ Balanced — 14.3% over vs 22.4% under asking.
💰 Lease Price Summary
Average Lease $2,737/mo
Median Lease $2,500/mo
Avg Asking Rent $2,745/mo
Lowest Lease $950
Highest Lease $18,500
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 13.6%
Leased at asking 64.5%
Leased under asking 21.9%
Avg Days on Market 19 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.6% over vs 21.9% under asking.
💰 Lease Price Summary
Average Lease $3,321/mo
Median Lease $2,900/mo
Avg Asking Rent $3,305/mo
Lowest Lease $800
Highest Lease $35,000
Lease / Ask Ratio 100.5%
📊 Market Activity
Leased over asking 18.5%
Leased at asking 55.3%
Leased under asking 26.1%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 18.5% over vs 26.1% under asking.
💰 Lease Price Summary
Average Lease $3,204/mo
Median Lease $3,050/mo
Avg Asking Rent $3,233/mo
Lowest Lease $750
Highest Lease $10,000
Lease / Ask Ratio 99.1%
📊 Market Activity
Leased over asking 10.5%
Leased at asking 55.6%
Leased under asking 33.9%
Avg Days on Market 29 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.5% over vs 33.9% under asking.
💰 Lease Price Summary
Average Lease $2,383/mo
Median Lease $2,295/mo
Avg Asking Rent $2,382/mo
Lowest Lease $995
Highest Lease $7,850
Lease / Ask Ratio 100.0%
📊 Market Activity
Leased over asking 17.2%
Leased at asking 64.0%
Leased under asking 18.8%
Avg Days on Market 31 days
Fast · 050Slow · 100+
⚖️ Balanced — 17.2% over vs 18.8% under asking.
Nearby Cities · September 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Mississauga | $2,753 | $2,600 | 99.6% | 21d | ⚖️ Balanced |
| Markham | $2,854 | $2,850 | 98.9% | 24d | ⚖️ Balanced |
| Vaughan | $2,685 | $2,450 | 99.4% | 22d | ⚖️ Balanced |
| Brampton | $2,661 | $2,750 | 99.0% | 24d | ⚖️ Balanced |
| Richmond Hill | $2,952 | $2,900 | 99.4% | 23d | ⚖️ Balanced |
| Pickering | $2,760 | $2,800 | 99.2% | 25d | ⚖️ Balanced |
| Ajax | $2,721 | $2,825 | 99.8% | 33d | ⚖️ Balanced |
| Oakville | $3,166 | $2,800 | 99.7% | 21d | ⚖️ Balanced |
Frequently Asked Questions
Toronto · September 2026
The average confirmed lease in Toronto was $2,798/month in September 2026,
based on 5,004 MLS® transactions. The median was
$2,525/month.
Condos averaged $2,737/mo, freehold averaged $3,321/mo, and townhouses averaged $3,204/mo.
Units in Toronto took an average of 21 days to lease in September 2026.
Freehold rentals averaged 30 days while condos averaged 19 days.
In September 2026, condos averaged $2,737/month while freehold rentals averaged $3,321/month —
a difference of $584/month.
Toronto averaged $2,798/month in September 2026. Markham averaged $2,854/mo. Pickering averaged $2,760/mo. See the full September 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.
