What's the average rent in London, ON?

Rental Market Trends in London, ON

SOURCE: TRULIA DATA

Rental market highlights

As of June 2026, the average rent in London, ON is $1,995 per month, which is 3% higher than the national average rent of $1,930 per month.

AVERAGE RENT

$1,995
2.3%
$45 increase month-over-month
-0.3%
-$5 decrease year-over-year

AVAILABLE RENTALS

824

APARTMENTS

$1,814

HOUSES

$2,650

TOWNHOUSES

$2,400
As of June 2026, apartments are the most affordable rental option in London, ON at $1,814 per month, while houses are the most expensive at $2,650 per month. Townhomes average $2,400 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan typeAverage rent
1 Bedroom$1,547
2 Bedrooms$1,870
3 Bedrooms$2,400
4 Bedrooms$2,800
All$1,995
As of June 2026, the average rent for a 1 bedroom rental in London, ON is $1,547 per month, followed by $1,870 for a 2 bedroom rental, $2,400 for a 3 bedroom rental, and $2,800 for a 4 bedroom rental.

Average rent trends and rent ranges

Average rent price over time

In the past year, rent has decreased by -1% compared to the previous year, which is a $28 decrease.
This year (2026)
Last year (2025)

Rent distribution

41% of rentals have rent of $1,500-$2,199/month

Rental price range

The price range for rentals is $575 to $6,000.
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