What's the average rent in Markham, ON?

Rental Market Trends in Markham, ON

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Markham, ON is $2,600 per month, which is 35% higher than the national average rent of $1,932 per month.

AVERAGE RENT

$2,600

8.3%$200 increase month-over-month

-3.7%-$100 decrease year-over-year

AVAILABLE RENTALS

775

APARTMENTS

$2,613

HOUSES

$3,500

TOWNHOUSES

$3,200

As of November 2026, apartments are the most affordable rental option in Markham, ON at $2,613 per month, while houses are the most expensive at $3,500 per month. Townhomes average $3,200 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,550
2 Bedrooms	$2,000
3 Bedrooms	$3,100
4 Bedrooms	$3,700
All	$2,600

As of November 2026, the average rent for a 1 bedroom rental in Markham, ON is $1,550 per month, followed by $2,000 for a 2 bedroom rental, $3,100 for a 3 bedroom rental, and $3,700 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,480
2 Bedrooms	$2,500
3 Bedrooms	$3,200
4 Bedrooms	$3,580
All	$3,200

As of November 2026, the average rent for a 1 bedroom townhome in Markham, ON is $1,480 per month, followed by $2,500 for a 2 bedroom townhome, $3,200 for a 3 bedroom townhome, and $3,580 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,600
2 Bedrooms	$2,000
3 Bedrooms	$2,900
4 Bedrooms	$2,950
All	$2,100

As of November 2026, the average rent for a 1 bedroom apartment in Markham, ON is $1,600 per month, followed by $2,000 for a 2 bedroom apartment, $2,900 for a 3 bedroom apartment, and $2,950 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,400
2 Bedrooms	$1,600
3 Bedrooms	$3,200
4 Bedrooms	$3,850
All	$3,500

As of November 2026, the average rent for a 1 bedroom house in Markham, ON is $1,400 per month, followed by $1,600 for a 2 bedroom house, $3,200 for a 3 bedroom house, and $3,850 for a 4 bedroom house.