The Bakerfield
195 Deerfield Rd,
Newmarket, ON L3Y 0G4
Studio - 3 Beds | $2,199 - $3,839
Rental Market Trends in Newmarket, ON
Updated September 2026
The average rent in Newmarket, ON is $2,265/month.
$2,265/month
Average Rent
637 Sq Ft
Average Size
+2.5%
Change / Year
190
Available Apartments
Newmarket rent varies by unit size and layout:
- Studio apartments in Newmarket average $1,899 per month.
- One-bedroom apartments in Newmarket average $2,265 per month.
- Two-bedroom apartments in Newmarket average $2,554 per month.
- Three-bedroom apartments in Newmarket average $2,944 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 Newmarket, ON?
In the past year, rent has increased by 2.5%, which averages out to $58 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Newmarket, 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
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighbourhood
What are the most affordable neighbourhoods in Newmarket?
Based on current rent prices, East Gwillimbury/Newmarket is the most affordable neighbourhood in Newmarket.
Neighbourhood
Average Rent
Average Sq Ft
What are the most expensive neighbourhoods in Newmarket?
Based on current rent prices, East Gwillimbury/Newmarket is the most expensive neighbourhood in Newmarket.
Neighbourhood
Average Rent
Average Sq Ft
Which Newmarket neighbourhoods have the most rentals available?
The neighbourhood in Newmarket with the most apartments available is East Gwillimbury/Newmarket .
Neighbourhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Newmarket, ON?
Because the average rent in Newmarket is $2,265, you’ll want to make about $7,550 per month or $90,600 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 neighbourhoods?
Use the tool below to compare Newmarket, 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 Newmarket Area GuideStudio
$1,899/month
$1,899/month
One Bedroom
$2,263/month
$2,263/month
Two Bedroom
$2,554/month
$2,554/month
Three Bedroom
$2,944/month
$2,944/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Newmarket We Think You'll Love
Frequently Asked Questions
What is the average rent in Newmarket?
The average rent in Newmarket is $2,265 per month, which is 29.4% higher than the national average of $1,750.
What is the average rent for a house in Newmarket?
The average rent for a house in Newmarket, ON is $2,771 per month.
Are rents going up or down in Newmarket?
Rents in Newmarket, ON are increasing, with prices up 2.5% year-over-year and $58 more per month.
What rent range is most common in Newmarket?
In Newmarket, ON, 100% 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.