Rent report · Newmarket, Ontario · closed MLS® leases
Average Rent in Newmarket — November 2026 by Bedroom
The short answer
The median rent in Newmarket is $2,400 a month, based on 1,150 leases signed on the MLS® in the 12 months to November 2026 (average $2,545). A typical 1-bedroom leases for $1,950 and a 2-bedroom for $2,100. Over the last 90 days the median was $2,500 across 313 leases.
See Newmarket rentalsBy bedroom
Newmarket rent by bedroom
- Studio$1,325
- 1 bedroom$1,950
- 2 bedrooms$2,100
- 3 bedrooms$3,000
- 4+ bedrooms$3,500
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 | $1,325 | 10 |
| 1 bedroom | $1,950 | 347 |
| 2 bedrooms | $2,100 | 272 |
| 3 bedrooms | $3,000 | 348 |
| 4+ bedrooms | $3,500 | 173 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,325 | $1,373 | 10 | — | $1,300 | $1.79 |
| 1 bedroom | $1,950 | $1,886 | 347 | $1,800 | $1,600 | $3.50 |
| 2 bedrooms | $2,100 | $2,194 | 272 | $2,100 | $1,900 | $2.45 |
| 3 bedrooms | $3,000 | $2,979 | 348 | $3,000 | $3,000 | $2.28 |
| 4+ bedrooms | $3,500 | $3,613 | 173 | $3,650 | $3,625 | $1.68 |
| All rentals | $2,400 | $2,545 | 1,150 | $2,500 | $2,150 | $2.36 |
By property type
Newmarket rent by property type
- Condo apartment$2,150
- House (detached / semi)$2,900
- Basement apartment$1,700
- Townhouse$3,000
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 | $2,150 | 210 |
| House (detached / semi) | $2,900 | 537 |
| Basement apartment | $1,700 | 153 |
| Townhouse | $3,000 | 194 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $2,150 | $2,252 | 210 | $2,300 | $2,300 | $3.67 |
| House (detached / semi) | $2,900 | $2,813 | 537 | $2,850 | $2,225 | $2.07 |
| Basement apartment | $1,700 | $1,713 | 153 | $1,700 | $1,650 | $2.07 |
| Townhouse | $3,000 | $2,905 | 194 | $3,000 | $3,100 | $2.25 |
Trend
Newmarket 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 | $2,500 | 105 |
| Sep 2026 | $2,450 | 97 |
| Aug 2026 | $2,900 | 122 |
| Jul 2026 | $2,650 | 102 |
| Jun 2026 | $2,545 | 100 |
| May 2026 | $2,400 | 84 |
| Apr 2026 | $2,450 | 84 |
| Mar 2026 | $2,150 | 111 |
| Feb 2026 | $2,150 | 101 |
| Jan 2026 | $2,250 | 66 |
| Dec 2025 | $2,200 | 87 |
| Nov 2025 | $2,850 | 81 |
| Oct 2025 | $2,725 | 82 |
| Sep 2025 | $2,700 | 101 |
| Aug 2025 | $2,600 | 100 |
| Jul 2025 | $2,960 | 88 |
| Jun 2025 | $2,850 | 76 |
| May 2025 | $2,775 | 70 |
| Apr 2025 | $2,650 | 71 |
| Mar 2025 | $2,500 | 53 |
| Feb 2025 | $2,750 | 52 |
| Jan 2025 | $2,950 | 64 |
| Dec 2024 | $2,500 | 67 |
| Nov 2024 | $2,750 | 36 |
FAQ
Newmarket rent FAQs
What is the average rent in Newmarket?
In the 12 months to November 2026, 1,150 Newmarket rentals were leased through the MLS® at a median of $2,400 a month and an average of $2,545. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Newmarket?
The median 1-bedroom lease in Newmarket was $1,950 a month over the last 12 months (347 leases); 1-bedrooms listed for rent right now ask a median $1,600.
How much is a 2-bedroom rental in Newmarket?
A 2-bedroom in Newmarket leased for a median $2,100 a month over the last 12 months, across 272 leases.
Is it cheaper to rent a basement, condo or house in Newmarket?
Over the last 12 months the cheapest type was basement apartment at a median $1,700, and the most expensive was townhouse at $3,000. basement apartment $1,700, condo apartment $2,150, house (detached / semi) $2,900 and townhouse $3,000.
Are rents going up or down in Newmarket?
The median lease in Oct 2026 was $2,500, down 8.3% from $2,725 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.
