37 5 Bedroom Homes for Rent in Peel

Properties for sale in Peel

• Under $1,500/mo

  0
• $1,500 – $2,000/mo

  0
• $2,000 – $2,500/mo

  0
• $2,500 – $3,000/mo

  1
• $3,000 – $4,000/mo

  14
• $4,000+/mo

  22

• Detached

  Standalone homes on their own lot.

  752 for rent
• Semi-Detached

  Side-by-side homes sharing a wall.

  260 for rent
• Townhouses

  Multi-storey row homes.

  281 for rent
• Condos

  Apartments and condo suites.

  512 for rent
• Multi-Family

  Duplexes, triplexes, fourplexes.

  51 for rent

• 1+ Bedroom

  1,934
• 2+ Bedrooms

  1,488
• 3+ Bedrooms

  788
• 4+ Bedrooms

  314
• 5+ Bedrooms

  43

• Condos for sale
• Townhomes for sale
• Detached homes for sale
• Multi-family for sale
• 2-bedroom homes
• 3-bedroom homes
• 4-bedroom homes
• Homes for rent
• Condos for rent
• Open houses
• Recently sold
• Price reduced
• New listings
• Peel home values

1. 1

   Set a monthly budget

   Leases in Peel closed at a median of $2,995/month over the last 90 days — the table above breaks that down by bedroom count.

2. 2

   View the unit and apply

   Landlords in Ontario may ask for rental history, credit references, a credit check and income information when you apply.

3. 3

   Sign the Ontario Standard Lease

   Most private residential landlords must use the province's standard lease. If you ask for it in writing and don't get it within 21 days, you can withhold one month's rent.

4. 4

   Pay only the deposits the law allows

   A rent deposit can be no more than one month's rent and can only be used for your last month. A refundable key deposit is allowed; damage and pet deposits are not.

5. 5

   Know your notice rules

   Rent can go up once every 12 months with 90 days' written notice. To move out of a monthly tenancy you give at least 60 days' notice (Form N9) ending on the last day of a rental period.

• How many 5 bedroom homes are for rent in Peel right now?

  37 5 bedroom homes are listed for rent on the MLS® in Peel.

• What is the rent for a 5-bedroom in Peel?

  Over the last 90 days in Peel, 5-bedroom rentals leased at a median of $3,500/month across 465 leases. Median rent by bedroom count: 1 bedroom $1,500/month, 2 bedrooms $1,850/month, 3 bedrooms $3,000/month and 4+ bedrooms $3,500/month.

• How much can a landlord charge as a deposit in Ontario?

  A rent deposit can be no more than one month's rent (one week's if you pay weekly) and can only be used as rent for your last month. The landlord must pay you interest on it every year at the rent-increase guideline rate. A refundable key deposit is allowed; damage and pet deposits are not.

• Does my landlord have to use the Ontario Standard Lease?

  Landlords of most private residential rental units must use the standard lease for new tenancies. If you ask for it in writing and don't receive it within 21 days, you can withhold one month's rent.

• How much can rent go up in Peel?

  The 2026 rent-increase guideline in Ontario is 2.1%. Rent can rise once every 12 months, with at least 90 days' written notice. Units first occupied for residential use after November 15, 2018 are exempt from the guideline, but the 12-month and 90-day rules still apply.

• What are the N-forms a landlord can give?

  N-forms are Landlord and Tenant Board notices: N4 for unpaid rent, N12 when the landlord or a purchaser needs the unit, N13 for demolition, conversion or major repairs, and N5 for damage or interference. A notice does not end the tenancy by itself — only the Board can order an eviction, and only the Sheriff can enforce it.

• When can my landlord enter my unit?

  With at least 24 hours' written notice, between 8 a.m. and 8 p.m., for reasons such as repairs, inspections or showing the unit to a buyer. Emergencies are the exception.

• How do I end my lease in Ontario?

  Give your landlord at least 60 days' written notice using Form N9. The move-out date must be the last day of a rental period, or the end of your lease term if you have a fixed-term lease.