Rental Market Trends in Ontario
Updated September 2026
$1,851/month
Average Rent
-2.3%
Decrease in the Last Year
-$43
Average Price Decrease
Ranked 2nd
Most Expensive Rent by Province
34,524
Available Rentals
Clarington, ON
City with the Lowest Rent
What is the average rent in Ontario?
As of September 2026, the average rent in Ontario is $1,851/month. When you rent an apartment in Ontario, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,522 per month for a studio, $1,851 for a one-bedroom apartment, and around $2,248 for a two-bedroom apartment in Ontario. If you opt for a three-bedroom rental, you could pay $2,686 or more.
Rent by City
What are the most affordable cities in Ontario?
Based on current rent prices, the cheapest cities in Ontario to live are Clarington, Chatham-Kent and Sault Ste. Marie.
What are the most expensive cities in Ontario?
Based on current rent prices, the most expensive cities in Ontario to live are North York, Nepean and Newmarket.
Nearby Province Markets
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.