Rent report · Richmond Hill, Ontario · closed MLS® leases
Average Rent in Richmond Hill — November 2026 by Bedroom
The short answer
The median rent in Richmond Hill is $2,900 a month, based on 3,398 leases signed on the MLS® in the 12 months to November 2026 (average $2,994). A typical 1-bedroom leases for $2,250 and a 2-bedroom for $2,750. Over the last 90 days the median was $2,900 across 939 leases.
See Richmond Hill rentalsBy bedroom
Richmond Hill rent by bedroom
- Studio$1,395
- 1 bedroom$2,250
- 2 bedrooms$2,750
- 3 bedrooms$3,300
- 4+ bedrooms$3,900
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,395 | 28 |
| 1 bedroom | $2,250 | 895 |
| 2 bedrooms | $2,750 | 876 |
| 3 bedrooms | $3,300 | 912 |
| 4+ bedrooms | $3,900 | 687 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,395 | $1,509 | 28 | — | $2,000 | $0.90 |
| 1 bedroom | $2,250 | $2,128 | 895 | $2,250 | $1,650 | $3.92 |
| 2 bedrooms | $2,750 | $2,625 | 876 | $2,800 | $2,100 | $3.05 |
| 3 bedrooms | $3,300 | $3,319 | 912 | $3,400 | $3,350 | $2.33 |
| 4+ bedrooms | $3,900 | $4,223 | 687 | $4,200 | $4,500 | $1.84 |
| All rentals | $2,900 | $2,994 | 3,398 | $2,900 | $2,450 | $2.50 |
By property type
Richmond Hill rent by property type
- Condo apartment$2,450
- House (detached / semi)$3,590
- Basement apartment$1,700
- Townhouse$3,338
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $2,450 | 1,142 |
| House (detached / semi) | $3,590 | 1,002 |
| Basement apartment | $1,700 | 247 |
| Townhouse | $3,338 | 950 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $2,450 | $2,579 | 1,142 | $2,500 | $2,500 | $3.83 |
| House (detached / semi) | $3,590 | $3,557 | 1,002 | $3,650 | $2,400 | $2.03 |
| Basement apartment | $1,700 | $1,736 | 247 | $1,750 | $1,700 | $1.56 |
| Townhouse | $3,338 | $3,253 | 950 | $3,300 | $3,350 | $2.27 |
Trend
Richmond Hill median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 8, 2026
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| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,950 | 308 |
| Sep 2026 | $2,900 | 330 |
| Aug 2026 | $3,000 | 342 |
| Jul 2026 | $3,000 | 330 |
| Jun 2026 | $2,850 | 357 |
| May 2026 | $3,000 | 311 |
| Apr 2026 | $2,900 | 270 |
| Mar 2026 | $2,800 | 239 |
| Feb 2026 | $2,825 | 192 |
| Jan 2026 | $2,840 | 188 |
| Dec 2025 | $2,950 | 250 |
| Nov 2025 | $2,850 | 252 |
| Oct 2025 | $2,950 | 271 |
| Sep 2025 | $2,900 | 352 |
| Aug 2025 | $3,000 | 395 |
| Jul 2025 | $3,000 | 321 |
| Jun 2025 | $3,000 | 297 |
| May 2025 | $2,900 | 266 |
| Apr 2025 | $2,950 | 253 |
| Mar 2025 | $2,965 | 220 |
| Feb 2025 | $2,800 | 163 |
| Jan 2025 | $3,000 | 165 |
| Dec 2024 | $3,000 | 180 |
| Nov 2024 | $2,750 | 124 |
FAQ
Richmond Hill rent FAQs
What is the average rent in Richmond Hill?
In the 12 months to November 2026, 3,398 Richmond Hill rentals were leased through the MLS® at a median of $2,900 a month and an average of $2,994. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Richmond Hill?
The median 1-bedroom lease in Richmond Hill was $2,250 a month over the last 12 months (895 leases); 1-bedrooms listed for rent right now ask a median $1,650.
How much is a 2-bedroom rental in Richmond Hill?
A 2-bedroom in Richmond Hill leased for a median $2,750 a month over the last 12 months, across 876 leases.
Is it cheaper to rent a basement, condo or house in Richmond Hill?
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 $3,590. basement apartment $1,700, condo apartment $2,450, townhouse $3,338 and house (detached / semi) $3,590.
Are rents going up or down in Richmond Hill?
The median lease in Oct 2026 was $2,950, up 0.0% from $2,950 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.
