The Foresite
65 Times Ave,
Markham, ON L3T 7X9
Studio - 2 Beds | $1,799 - $2,464
Rental Market Trends in Markham, ON
Updated September 2026
The average rent in Markham, ON is $1,904/month.
$1,904/month
Average Rent
690 Sq Ft
Average Size
-1.9%
Change / Year
540
Available Apartments
Markham rent varies by unit size and layout:
- Studio apartments in Markham average $1,795 per month.
- One-bedroom apartments in Markham average $1,904 per month.
- Two-bedroom apartments in Markham average $2,335 per month.
- Three-bedroom apartments in Markham average $3,070 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Markham, ON?
In the past year, rent has decreased by 1.9%, which averages out to $36 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Markham, ON
September 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
21%
$1,501 - $2,000/month
79%
Above $2,000/month
What salary do I need to live comfortably in Markham, ON?
Because the average rent in Markham is $1,904, you’ll want to make about $6,346 per month or $76,152 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 Markham, ON compare to other nearby cities and neighbourhoods?
Use the tool below to compare Markham, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Markham Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Markham We Think You'll Love
Frequently Asked Questions
What is the average rent in Markham?
The average rent in Markham is $1,904 per month, which is 9.6% higher than the national average of $1,737.
What is the average rent for a house in Markham?
The average rent for a house in Markham, ON is $2,798 per month.
What is the average rent for a townhome in Markham?
The average rent for a townhome in Markham, ON is $2,474 per month.
Are rents going up or down in Markham?
Rents in Markham, ON are decreasing, with prices down 1.9% year-over-year and $36 less per month.
What rent range is most common in Markham?
In Markham, ON, 79% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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.