Rental Market Trends in London, ON

What is the average rent in London, ON?

C$1,633/month

Average Rent

667 Sq Ft

Average Apartment Size

Decrease in the Last Year

As of July 2025, the average rent in London, ON was C$1,633/month. When you rent an apartment in London, you can expect to pay as little as C$1,334 to as much as C$2,470, depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

C$1,334/month

423 Sq Ft

One Bedroom

C$1,633/month

667 Sq Ft

Two Bedroom

C$1,981/month

980 Sq Ft

Three Bedroom

C$2,470/month

1,260 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

C$1,723/month

46 Sq Ft

Two Bedroom

C$2,138/month

28 Sq Ft

Three Bedroom

C$2,692/month

19 Sq Ft

Four Bedroom

C$3,049/month

103 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

C$1,538/month

480 Sq Ft

Three Bedroom

C$2,484/month

1,013 Sq Ft

How much has average rent changed in London, ON?

In the past year, rent has decreased by 0%, which averages out to C$0 less per month.

Percentage*

Rent Range

0% Below C$700/month

0% C$700 - C$1,000/month

17% C$1,001 - C$1,500/month

58% C$1,501 - C$2,000/month

25% Above C$2,000/month

What salary do I need to live comfortably in London, ON?

Because the average rent in London is C$1,633, you’ll want to make about C$5,443 per month or C$65,316 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does London, ON compare to other nearby cities and neighborhoods?

Use the tool below to compare London, ON to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for London, ON

Apartment Averages

Nearby City Rent Trends

Apartment communities in London we think you'll love

Clarence Square

195 Dundas St,
London, ON N6A 0E9

1-3 Beds | C$1,900 - C$3,900

100 Fullarton - Centro

110 Fullarton St,
London, ON N6A 0G2

1-3 Beds | C$1,684 - C$4,325

Muse

3315-3395 Morgan Av,
London, ON N6L 0J5

1-3 Beds | C$1,845 - C$3,060

865 Kleinburg Drive

600 Sunningdale Rd E,
London, ON N5X 0P4

1-2 Beds | C$2,160 - C$2,765

Canada Ontario London Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.