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MLS® listings · updated October 22, 2026

139 Townhomes for Rent in Peel

Browse 139 townhomes for rent across Peel, Ontario, with recent lease prices by bedroom.

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104 Mcpherson Road, Peel: home for rent
104 Mcpherson Road · $3,100/moListed by BAY STREET GROUP INC., Brokerage

Peel at a glance

MLS® data

Homes for rent
139
For sale
282
Leased · 90 days
297
Median rent · 90 days
$3,000/mo
Full market report
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Peel has 139 townhomes listed for rent and a median lease of $3,000/month over the last 90 days, from the MLS®.

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Showing 1–24 of 139

Houses for sale in Peel

Rent prices

Average and median townhome rent by bedroom in Peel

Closed MLS® leases in Peel over the last 90 days — the monthly rent tenants actually agreed to, not asking rents. Figures from fewer than 5 leases are withheld.

BedroomsMedian rentAverage rentLeases
1 bedroom$1,500/mo$1,472/mo17
2 bedrooms$2,250/mo$2,263/mo14
3 bedrooms$3,000/mo$3,076/mo211
4+ bedrooms$3,100/mo$3,162/mo54
All bedrooms$3,000/mo$2,956/mo297
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Browse by rent

Townhomes for rent in Peel by monthly rent

Active MLS® rental listings per monthly-rent band.

  • Under $1,500/mo
    12
  • $1,500 – $2,000/mo
    20
  • $2,000 – $2,500/mo
    5
  • $2,500 – $3,000/mo
    37
  • $3,000 – $4,000/mo
    61
  • $4,000+/mo
    4
Browse by type

Peel rentals by property type

Active rental listings by property type.

Browse by bedrooms

Peel rentals by bedroom count

  • 1+ Bedroom
    1,940
  • 2+ Bedrooms
    1,493
  • 3+ Bedrooms
    791
  • 4+ Bedrooms
    315
  • 5+ Bedrooms
    43
Popular searches

Explore Peel rentals

Jump straight to the searches buyers and renters use most — each one updated daily from MLS® data.

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Popular Peel rental searches

The way renters really search — new this week, under $2,000, pet-friendly, furnished, with parking. One tap drops you on the map with that filter applied.

Neighbourhoods

Most-searched neighbourhoods in Peel

Where the action is right now — ranked by active MLS® inventory.

By postal code

Most-active postal codes in Peel

Forward Sortation Areas (the first 3 characters of a Canadian postal code) ranked by current MLS® inventory.

About the market

Living in Peel, Ontario

Peel has 5,356 homes listed for sale on the MLS® right now. The largest groups are detached houses (2,208), condos (999), townhouses (797) and semi-detached houses (397). Another 3,779 homes are listed for rent.

Over the last 90 days, 4,463 homes sold in Peel at a median price of $862,000, after an average of 33 days on the market. Over the last six months, average sold prices were: detached houses $1,182,996, semi-detached houses $844,596, townhouses $731,117, condos $506,930 and multi-family homes $1,211,700.

At the current pace of sales, Peel's active listings would take about 3.6 months to sell — a tight supply that usually favours sellers. Summitly's market gauge reads: Peel is a balanced market.

Renting in Ontario

How to rent in Peel

The rules that apply to most residential tenancies in Ontario, from the province and the Landlord and Tenant Board.

  1. 1

    Set a monthly budget

    Leases in Peel closed at a median of $3,000/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.

Frequently asked questions

Renting in Peel: your questions, answered

Answered with this page's lease data and Ontario's tenancy rules.

  • How many townhomes are for rent in Peel right now?

    139 townhomes are listed for rent on the MLS® in Peel.

  • What is the average rent in Peel?

    Over the last 90 days in Peel, rentals leased at a median of $3,000/month (average $2,956/month) across 297 leases. Median rent by bedroom count: 1 bedroom $1,500/month, 2 bedrooms $2,250/month, 3 bedrooms $3,000/month and 4+ bedrooms $3,100/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.

Licensed Ontario real estate brokerage

Coldwell Banker Summit Realty, Brokerage

Coldwell Banker Summit Realty, Brokerage is registered with the Real Estate Council of Ontario (RECO). Its licensed agents can help you buy, sell or lease in Peel, from showings and offers to closing. When you are ready to finance, you can compare mortgage options with our partner, Mortgage Squad Advisors.

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Coldwell Banker Summit Realty, Brokerage. Waqar Afzal, Broker of Record. Each office is independently owned and operated.

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