The Foresite
65 Times Ave,
Markham, ON L3T 7X9
Studio - 2 Beds | $1,929 - $2,464
Rental Market Trends in Richmond Hill, ON
Updated July 2026
The average rent in Richmond Hill, ON is $1,945/month.
$1,945/month
Average Rent
653 Sq Ft
Average Size
-1%
Change / Year
380
Available Apartments
Richmond Hill rent varies by unit size and layout:
- Studio apartments in Richmond Hill average $1,497 per month.
- One-bedroom apartments in Richmond Hill average $1,945 per month.
- Two-bedroom apartments in Richmond Hill average $2,206 per month.
- Three-bedroom apartments in Richmond Hill average $2,243 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 Richmond Hill, ON?
In the past year, rent has decreased by 1%, which averages out to $19 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Richmond Hill, ON
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
8%
$1,001 - $1,500/month
28%
$1,501 - $2,000/month
64%
Above $2,000/month
What salary do I need to live comfortably in Richmond Hill, ON?
Because the average rent in Richmond Hill is $1,945, you’ll want to make about $6,483 per month or $77,796 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 Richmond Hill, ON compare to other nearby cities and neighbourhoods?
Use the tool below to compare Richmond Hill, 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 Richmond Hill Area GuideApartment Communities in Richmond Hill We Think You'll Love
Frequently Asked Questions
What is the average rent in Richmond Hill?
The average rent in Richmond Hill is $1,945 per month, which is 10.6% higher than the national average of $1,759.
What is the average rent for a house in Richmond Hill?
The average rent for a house in Richmond Hill, ON is $2,709 per month.
What is the average rent for a townhome in Richmond Hill?
The average rent for a townhome in Richmond Hill, ON is $2,337 per month.
Are rents going up or down in Richmond Hill?
Rents in Richmond Hill, ON are decreasing, with prices down 1.0% year-over-year and $19 less per month.
What rent range is most common in Richmond Hill?
In Richmond Hill, ON, 64% 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.