Rent report · London, Ontario · closed MLS® leases
Average Rent in London — November 2026 by Bedroom
The short answer
The median rent in London is $2,325 a month, based on 2,073 leases signed on the MLS® in the 12 months to November 2026 (average $2,299). A typical 1-bedroom leases for $1,550 and a 2-bedroom for $1,995. Over the last 90 days the median was $2,300 across 699 leases.
See London rentalsBy bedroom
London rent by bedroom
- Studio$1,450
- 1 bedroom$1,550
- 2 bedrooms$1,995
- 3 bedrooms$2,500
- 4+ bedrooms$3,000
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
Table viewHide table
| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,450 | 48 |
| 1 bedroom | $1,550 | 316 |
| 2 bedrooms | $1,995 | 579 |
| 3 bedrooms | $2,500 | 855 |
| 4+ bedrooms | $3,000 | 275 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,450 | $1,479 | 48 | $1,399 | $2,400 | $1.40 |
| 1 bedroom | $1,550 | $1,575 | 316 | $1,497 | $1,623 | $2.20 |
| 2 bedrooms | $1,995 | $2,064 | 579 | $2,000 | $1,900 | $2.09 |
| 3 bedrooms | $2,500 | $2,528 | 855 | $2,500 | $2,475 | $1.92 |
| 4+ bedrooms | $3,000 | $3,060 | 275 | $3,000 | $2,800 | $1.50 |
| All rentals | $2,325 | $2,299 | 2,073 | $2,300 | $2,200 | $1.96 |
By property type
London rent by property type
- Condo apartment$1,920
- House (detached / semi)$2,650
- Basement apartment$1,538
- Townhouse$2,500
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
Table viewHide table
| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $1,920 | 436 |
| House (detached / semi) | $2,650 | 715 |
| Basement apartment | $1,538 | 102 |
| Townhouse | $2,500 | 528 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $1,920 | $2,068 | 436 | $1,900 | $1,950 | $2.11 |
| House (detached / semi) | $2,650 | $2,647 | 715 | $2,600 | $2,485 | $1.93 |
| Basement apartment | $1,538 | $1,543 | 102 | $1,525 | $1,650 | $1.15 |
| Townhouse | $2,500 | $2,463 | 528 | $2,500 | $2,495 | $1.81 |
Trend
London median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
Table viewHide table
| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,325 | 222 |
| Sep 2026 | $2,295 | 252 |
| Aug 2026 | $2,350 | 243 |
| Jul 2026 | $2,400 | 184 |
| Jun 2026 | $2,338 | 178 |
| May 2026 | $2,295 | 181 |
| Apr 2026 | $2,398 | 144 |
| Mar 2026 | $2,350 | 117 |
| Feb 2026 | $2,350 | 115 |
| Jan 2026 | $2,325 | 107 |
| Dec 2025 | $2,298 | 138 |
| Nov 2025 | $2,395 | 139 |
| Oct 2025 | $2,500 | 128 |
| Sep 2025 | $2,500 | 185 |
| Aug 2025 | $2,500 | 214 |
| Jul 2025 | $2,550 | 137 |
| Jun 2025 | $2,500 | 131 |
| May 2025 | $2,600 | 132 |
| Apr 2025 | $2,500 | 129 |
| Mar 2025 | $2,400 | 115 |
| Feb 2025 | $2,550 | 92 |
| Jan 2025 | $2,500 | 102 |
| Dec 2024 | $2,573 | 80 |
| Nov 2024 | $2,650 | 49 |
FAQ
London rent FAQs
What is the average rent in London?
In the 12 months to November 2026, 2,073 London rentals were leased through the MLS® at a median of $2,325 a month and an average of $2,299. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in London?
The median 1-bedroom lease in London was $1,550 a month over the last 12 months (316 leases); 1-bedrooms listed for rent right now ask a median $1,623.
How much is a 2-bedroom rental in London?
A 2-bedroom in London leased for a median $1,995 a month over the last 12 months, across 579 leases.
Is it cheaper to rent a basement, condo or house in London?
Over the last 12 months the cheapest type was basement apartment at a median $1,538, and the most expensive was house (detached / semi) at $2,650. basement apartment $1,538, condo apartment $1,920, townhouse $2,500 and house (detached / semi) $2,650.
Are rents going up or down in London?
The median lease in Oct 2026 was $2,325, down 7.0% from $2,500 in Oct 2025. Monthly medians move with the mix of units leased, so read the 24-month trend rather than a single month.
Where do these rent figures come from?
They are medians and averages of closed leases recorded on the TRREB MLS® (the rent actually agreed, not the asking rent), refreshed November 2026. A figure is shown only when it covers at least 5 leases, so no single lease can be identified.
Sources & method
Where these rents come from.
- Rents are the monthly prices on leases that closed on the TRREB MLS® (status Leased), not asking rents, except the "Median asking now" column, which covers rentals listed today.
- The 12-month window runs to the data refresh date; the 90-day column covers the most recent 90 days. The trend shows complete calendar months only.
- Bedrooms are the above-grade bedroom count on the listing, so a 1-bedroom plus den counts as a 1-bedroom. Studios are listings with no bedrooms.
- Basement apartments are lower-level units or units numbered as a basement; houses are detached and semi-detached homes leased whole; townhouses include condo townhouses.
- Rents under $300 or over $50,000 a month are treated as data errors and excluded. Rent per square foot uses leases with an exact floor area only.
- Every figure covers at least 5 leases, so no individual lease can be identified. This page is indexed only when the city has at least 50 leases in 12 months.
Source: TRREB MLS® data, compiled by Summitly.
