Rental Market Trends in Newmarket, ON

What is the average rent in Newmarket, ON?

C$2,024/month

Average Rent

657 Sq Ft

Average Apartment Size

-6.2%

Decrease in the Last Year

As of June 2025, the average rent in Newmarket, ON was C$2,024/month. When you rent an apartment in Newmarket, you can expect to pay as little as to as much as C$2,674, depending on the location and size of the apartment.

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

C$2,024/month

657 Sq Ft

Two Bedroom

C$2,409/month

943 Sq Ft

Three Bedroom

C$2,674/month

1,183 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

C$1,538/month

0 Sq Ft

Two Bedroom

C$2,042/month

0 Sq Ft

Three Bedroom

C$3,309/month

0 Sq Ft

Four Bedroom

C$3,569/month

0 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

How much has average rent changed in Newmarket, ON?

In the past year, rent has decreased by 6.2%, which averages out to C$126 less per month.

Percentage*

Rent Range

0% Below C$700/month

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

0% C$1,001 - C$1,500/month

29% C$1,501 - C$2,000/month

71% Above C$2,000/month

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

Because the average rent in Newmarket is C$2,024, you’ll want to make about C$6,746 per month or C$80,952 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 Newmarket, ON compare to other nearby cities and neighborhoods?

Use the tool below to compare Newmarket, 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.

Apartment Averages

Nearby City Rent Trends

Apartment communities in Newmarket we think you'll love

The Bakerfield

195 Deerfield Rd,
Newmarket, ON L3Y 0G4

1-3 Beds | C$2,265 - C$3,555

212 Davis Apartments

212 Davis Dr,
Newmarket, ON L3Y 7T7

1-2 Beds | C$2,085 - C$2,530

75 Huron Heights

75-77 Huron Heights Dr,
Newmarket, ON L3Y 3J8

1-2 Beds | C$1,759 - C$2,299

959 Ernest Cousins Cir

959 Ernest Cousins Cir,
Newmarket, ON L3X 0B7

4 Beds | C$4,350

Canada Ontario Newmarket 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.