The Foresite
65 Times Ave,
Markham, ON L3T 7X9
$1,929 - $2,464
Studio - 2 Beds
Rental Market Trends in Richmond Hill, ON
What is the average rent in Richmond Hill, ON?
$1,941/month
Average Rent
645 Sq Ft
Average Apartment Size
-1.4%
Decrease in the Last Year
As of April 2026, the average rent in Richmond Hill, ON was $1,941/month. When you rent an apartment in Richmond Hill, you can expect to pay as little as $1,588 to as much as $2,267, depending on the location and size of the apartment.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 Richmond Hill, ON?
In the past year, rent has decreased by 1.4%, which averages out to $26 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Richmond Hill, ON
Last Updated April 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 $1,941, you’ll want to make about $6,470 per month or $77,640 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 neighborhoods?
Use the tool below to compare Richmond Hill, 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.
Nearby City Rent Trends
Apartment communities in Richmond Hill we think you'll love
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.