Rent report · Russell, Ontario · closed MLS® leases
Average Rent in Russell — November 2026 by Bedroom
The short answer
The median rent in Russell is $2,273 a month, based on 154 leases signed on the MLS® in the 12 months to November 2026 (average $2,275). A typical 1-bedroom leases for $1,615 and a 2-bedroom for $2,100. Over the last 90 days the median was $2,200 across 51 leases.
See Russell rentalsBy bedroom
Russell rent by bedroom
- Studio$1,900
- 1 bedroom$1,615
- 2 bedrooms$2,100
- 3 bedrooms$2,600
- 4+ bedrooms$3,000
Source: TRREB MLS® data, compiled by Summitly · as of November 7, 2026
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| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,900 | 22 |
| 1 bedroom | $1,615 | 6 |
| 2 bedrooms | $2,100 | 61 |
| 3 bedrooms | $2,600 | 60 |
| 4+ bedrooms | $3,000 | 5 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,900 | $1,895 | 22 | $1,888 | $2,000 | $1.65 |
| 1 bedroom | $1,615 | $1,626 | 6 | — | $1,750 | — |
| 2 bedrooms | $2,100 | $2,127 | 61 | $2,095 | $1,900 | $2.23 |
| 3 bedrooms | $2,600 | $2,569 | 60 | $2,600 | $2,600 | $1.73 |
| 4+ bedrooms | $3,000 | $2,999 | 5 | — | — | $1.50 |
| All rentals | $2,273 | $2,275 | 154 | $2,200 | $1,950 | $2.00 |
By property type
Russell rent by property type
- Condo apartment$2,000
- House (detached / semi)$2,463
- Basement apartment$1,925
- Townhouse$2,600
Source: TRREB MLS® data, compiled by Summitly · as of November 7, 2026
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| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $2,000 | 8 |
| House (detached / semi) | $2,463 | 34 |
| Basement apartment | $1,925 | 22 |
| Townhouse | $2,600 | 35 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $2,000 | $1,925 | 8 | — | — | $2.00 |
| House (detached / semi) | $2,463 | $2,548 | 34 | $2,400 | $2,400 | $1.78 |
| Basement apartment | $1,925 | $1,853 | 22 | $1,950 | — | $1.59 |
| Townhouse | $2,600 | $2,562 | 35 | $2,600 | — | $1.83 |
Trend
Russell median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 7, 2026
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| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,295 | 13 |
| Sep 2026 | $2,300 | 19 |
| Aug 2026 | $2,350 | 18 |
| Jul 2026 | $2,250 | 19 |
| Jun 2026 | $2,250 | 15 |
| May 2026 | $2,200 | 17 |
| Apr 2026 | $2,225 | 8 |
| Mar 2026 | $1,875 | 12 |
| Feb 2026 | $2,400 | 5 |
| Jan 2026 | $2,150 | 5 |
| Dec 2025 | $2,600 | 8 |
| Nov 2025 | $2,300 | 8 |
| Oct 2025 | $2,600 | 6 |
| Sep 2025 | $2,500 | 9 |
| Aug 2025 | $2,388 | 12 |
| Jul 2025 | $2,150 | 5 |
| Jun 2025 | $2,500 | 8 |
| May 2025 | $1,995 | 7 |
| Apr 2025 | $2,375 | 9 |
| Mar 2025 | $2,200 | 8 |
| Feb 2025 | $2,300 | 9 |
| Jan 2025 | — | 2 |
| Dec 2024 | — | 3 |
| Nov 2024 | — | 2 |
FAQ
Russell rent FAQs
What is the average rent in Russell?
In the 12 months to November 2026, 154 Russell rentals were leased through the MLS® at a median of $2,273 a month and an average of $2,275. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Russell?
The median 1-bedroom lease in Russell was $1,615 a month over the last 12 months (6 leases); 1-bedrooms listed for rent right now ask a median $1,750.
How much is a 2-bedroom rental in Russell?
A 2-bedroom in Russell leased for a median $2,100 a month over the last 12 months, across 61 leases.
Is it cheaper to rent a basement, condo or house in Russell?
Over the last 12 months the cheapest type was basement apartment at a median $1,925, and the most expensive was townhouse at $2,600. basement apartment $1,925, condo apartment $2,000, house (detached / semi) $2,463 and townhouse $2,600.
Are rents going up or down in Russell?
The median lease in Oct 2026 was $2,295, down 11.7% from $2,600 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.
