What's the average rent in Markham, ON?

Rental Market Trends in Markham, ON

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Markham, ON is $2,400 per month, which is 24% higher than the national average rent of $1,930 per month.

AVERAGE RENT

$2,400

0.0%No change month over month

-14.3%-$400 decrease year-over-year

AVAILABLE RENTALS

866

APARTMENTS

$2,262

HOUSES

$3,500

TOWNHOUSES

$3,200

As of May 2026, apartments are the most affordable rental option in Markham, ON at $2,262 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	$1,945
2 Bedrooms	$2,300
3 Bedrooms	$3,100
4 Bedrooms	$3,600
All	$2,400

As of May 2026, the average rent for a 1 bedroom rental in Markham, ON is $1,945 per month, followed by $2,300 for a 2 bedroom rental, $3,100 for a 3 bedroom rental, and $3,600 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,690
2 Bedrooms	$2,450
3 Bedrooms	$3,200
4 Bedrooms	$3,500
All	$3,200

As of May 2026, the average rent for a 1 bedroom townhome in Markham, ON is $1,690 per month, followed by $2,450 for a 2 bedroom townhome, $3,200 for a 3 bedroom townhome, and $3,500 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$2,100
2 Bedrooms	$2,300
3 Bedrooms	$2,900
4 Bedrooms	$3,800
All	$2,261

As of May 2026, the average rent for a 1 bedroom apartment in Markham, ON is $2,100 per month, followed by $2,300 for a 2 bedroom apartment, $2,900 for a 3 bedroom apartment, and $3,800 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,100
2 Bedrooms	$1,850
3 Bedrooms	$3,099
4 Bedrooms	$3,700
All	$3,500

As of May 2026, the average rent for a 1 bedroom house in Markham, ON is $1,100 per month, followed by $1,850 for a 2 bedroom house, $3,099 for a 3 bedroom house, and $3,700 for a 4 bedroom house.