Rent report · Markham, Ontario · closed MLS® leases
Average Rent in Markham — November 2026 by Bedroom
The short answer
The median rent in Markham is $2,700 a month, based on 5,197 leases signed on the MLS® in the 12 months to November 2026 (average $2,824). A typical 1-bedroom leases for $2,250 and a 2-bedroom for $2,750. Over the last 90 days the median was $2,800 across 1,424 leases.
See Markham rentalsBy bedroom
Markham rent by bedroom
- Studio$1,500
- 1 bedroom$2,250
- 2 bedrooms$2,750
- 3 bedrooms$3,200
- 4+ bedrooms$3,800
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
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| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,500 | 29 |
| 1 bedroom | $2,250 | 1,804 |
| 2 bedrooms | $2,750 | 1,397 |
| 3 bedrooms | $3,200 | 1,123 |
| 4+ bedrooms | $3,800 | 844 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,500 | $1,456 | 29 | $1,400 | $1,730 | $1.00 |
| 1 bedroom | $2,250 | $2,184 | 1,804 | $2,280 | $2,050 | $3.92 |
| 2 bedrooms | $2,750 | $2,658 | 1,397 | $2,800 | $2,300 | $3.22 |
| 3 bedrooms | $3,200 | $3,244 | 1,123 | $3,200 | $3,200 | $2.20 |
| 4+ bedrooms | $3,800 | $3,956 | 844 | $3,800 | $4,125 | $1.80 |
| All rentals | $2,700 | $2,824 | 5,197 | $2,800 | $2,500 | $3.05 |
By property type
Markham rent by property type
- Condo apartment$2,400
- House (detached / semi)$3,500
- Basement apartment$1,700
- Townhouse$3,200
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
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| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $2,400 | 2,604 |
| House (detached / semi) | $3,500 | 1,150 |
| Basement apartment | $1,700 | 269 |
| Townhouse | $3,200 | 1,071 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $2,400 | $2,519 | 2,604 | $2,400 | $2,650 | $3.70 |
| House (detached / semi) | $3,500 | $3,457 | 1,150 | $3,450 | $2,500 | $1.93 |
| Basement apartment | $1,700 | $1,730 | 269 | $1,650 | $1,700 | $1.03 |
| Townhouse | $3,200 | $3,200 | 1,071 | $3,200 | $3,100 | $2.13 |
Trend
Markham median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
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| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,850 | 440 |
| Sep 2026 | $2,850 | 466 |
| Aug 2026 | $2,800 | 627 |
| Jul 2026 | $2,750 | 556 |
| Jun 2026 | $2,700 | 499 |
| May 2026 | $2,600 | 486 |
| Apr 2026 | $2,600 | 443 |
| Mar 2026 | $2,500 | 388 |
| Feb 2026 | $2,750 | 310 |
| Jan 2026 | $2,750 | 275 |
| Dec 2025 | $2,800 | 353 |
| Nov 2025 | $2,800 | 330 |
| Oct 2025 | $2,800 | 374 |
| Sep 2025 | $2,850 | 450 |
| Aug 2025 | $2,850 | 566 |
| Jul 2025 | $2,800 | 507 |
| Jun 2025 | $2,900 | 468 |
| May 2025 | $2,800 | 456 |
| Apr 2025 | $2,800 | 387 |
| Mar 2025 | $2,850 | 320 |
| Feb 2025 | $2,999 | 261 |
| Jan 2025 | $2,900 | 250 |
| Dec 2024 | $2,900 | 282 |
| Nov 2024 | $2,800 | 194 |
Neighbourhoods
Cheapest to most expensive Markham neighbourhoods to rent
- Vinegar Hill$2,350
- Markham Village$2,715
- Cornell$2,750
- Thornhill$2,800
- Box Grove$3,000
- Cathedraltown$3,000
- Wismer$3,000
- Greensborough$3,025
- Raymerville$3,075
- Victoria Square$3,250
- Berczy$3,375
- Buttonville$3,725
- Angus Glen$3,900
- Thornlea$3,900
- Unionville$4,100
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
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| Neighbourhood | Rank | Median rent | Leases (12 mo) |
|---|---|---|---|
| Vinegar Hill | 1 | $2,350 | 66 |
| Markham Village | 2 | $2,715 | 34 |
| Cornell | 3 | $2,750 | 317 |
| Thornhill | 4 | $2,800 | 486 |
| Box Grove | 5 | $3,000 | 91 |
| Cathedraltown | 6 | $3,000 | 67 |
| Wismer | 7 | $3,000 | 294 |
| Greensborough | 8 | $3,025 | 106 |
| Raymerville | 9 | $3,075 | 44 |
| Victoria Square | 10 | $3,250 | 37 |
| Berczy | 11 | $3,375 | 194 |
| Buttonville | 12 | $3,725 | 28 |
| Angus Glen | 13 | $3,900 | 37 |
| Thornlea | 14 | $3,900 | 47 |
| Unionville | 15 | $4,100 | 25 |
FAQ
Markham rent FAQs
What is the average rent in Markham?
In the 12 months to November 2026, 5,197 Markham rentals were leased through the MLS® at a median of $2,700 a month and an average of $2,824. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Markham?
The median 1-bedroom lease in Markham was $2,250 a month over the last 12 months (1,804 leases); 1-bedrooms listed for rent right now ask a median $2,050.
How much is a 2-bedroom rental in Markham?
A 2-bedroom in Markham leased for a median $2,750 a month over the last 12 months, across 1,397 leases.
Is it cheaper to rent a basement, condo or house in Markham?
Over the last 12 months the cheapest type was basement apartment at a median $1,700, and the most expensive was house (detached / semi) at $3,500. basement apartment $1,700, condo apartment $2,400, townhouse $3,200 and house (detached / semi) $3,500.
Are rents going up or down in Markham?
The median lease in Oct 2026 was $2,850, up 1.8% from $2,800 in Oct 2025. Monthly medians move with the mix of units leased, so read the 24-month trend rather than a single month.
What is the cheapest neighbourhood to rent in Markham?
Of the 15 Markham neighbourhoods with at least 10 leases in the last 12 months, Vinegar Hill had the lowest median rent at $2,350, and Unionville the highest at $4,100.
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.
