Real Estate for Rent in Central, Hamilton, ON

Name: HOMEH Market Pulse — Central, Hamilton closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

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Neighbourhood in Hamilton

Central

community-focused affordable diverse

Central is a vibrant neighbourhood in Hamilton, ON. It offers a mix of residential and commercial spaces, making it a lively place to live.

Median home price is $399,950 Median rent price is $1,899 71.7% of residents are renters Diverse local amenities available Good schools rated 3.5 out of 5

Day to dayLivability

3.5

Schools near listings

out of 10 · averaged over 819 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$399,950

44% below Hamilton 44% below Ontario

In Central

$399,950

In Hamilton

$720,000

In Ontario

$715,000

Median monthly rent

$1,899/mo

10% below Hamilton 24% below Ontario

In Central

$1,899

In Hamilton

$2,100

In Ontario

$2,500

≈ 17.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $399,950

Condos 19 · Houses 7

For rent

Median $1,899

Condos 12 · Houses 6

Recently sold

Recently leased

Market data as of 2026-10-11. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable compared to city averages
Variety of schools and parks nearby
Strong community feel with diverse population
Good access to grocery stores and restaurants

Keep in mind

Higher renter strain at 39.9%
Unemployment rate is 14.8%
Limited public transit options

The feel of the placeLifestyle

Daily life in Central is active and community-oriented, with many amenities close by. Residents enjoy a mix of urban and suburban living.

Great for first-time buyers young families renters

Within the boundaryWhat's nearby

The boundary

1.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 1.1 km² of Central. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

0.9/10

Average rating of the 1 rated school in this area

Elementary

Secondary

Hess Street Junior Public School
Public · Grades JK–8 · Hamilton-Wentworth DSB
0.9/102.9 over 5 yrs
2,994th of 3,045 Ontario elementary schools
310 students · EQAO 2024-2025
City Learning Centre Adult Day School
Public · Grades No Grades Applicable · Hamilton-Wentworth DSB
Not rated
Hamilton Downtown Islamic School
Independent
Not rated
Notre Dame House
Catholic · Grades 9–12 · Hamilton-Wentworth CDSB
Not rated
Sir John A Macdonald
Public · Hamilton-Wentworth DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Central, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

3,698

Population (2021)

0.9 km²

Area

3,921

People per km²

39.6

Median age

$59,257

Median income

28%

Own their home

People per household

1,695

Households

Every age

Children (under 15)10.4%
Working age (15–64)71.8%
Seniors (65+)17.8%

What is built here

Detached houses13.8%
Semi-detached6.9%
Townhouses10%
Duplexes4.9%
Low-rise apartments15.8%
High-rise apartments48.1%
Other attached homes0.6%

Own or rent

28%Owners

72%Renters

Across 1,695 households

When it was built

Mostly 1960 or earlier

1960 or earlier43%
1961–198034%
1981–19907%
1991–20005%
2001–20053%
2006–20102%
2011–20152%
2016–20214%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

27.1%
Born outside Canada: 28.8%
Hold a degree or higher: 57.2%
Employment rate: 14.9%
Commute by transit: 62%
Commute by car: 1.6
Children per family: $53,772
Median income after tax: $81,372
Average household income: 21.4%
Living on a low income: $1,188/mo
Renters pay, per month: $1,285/mo
Owners pay, per month: $543,722
Median home value at census: 39.9%
Renters spending 30%+ of income on housing: 18.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 6 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Central actually rent for

190 homes were leased in Central over the 12 months to September 2026. Half leased above $1,922 and half below, 11.1% lower than the 12 months before. A typical home found its tenant in 41 days — 5 days slower than a year ago.

Median rent: $1,922; -11.1% year over year
Days to lease: 41; 5 days slower
Leases closed: 190; last 12 months
Rent per square foot: $2.88/mo; from 160 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$3,009$2,484$1,960$1,435

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,998/mo

on a $3,000 asking rent — under ask by $2

−10%Asking rent+10%

Of the asking rent: 99.9%
Leased over asking: 6.3%

From 190 leases that closed here in the last 12 months.

Rent or buy in Central

17.7 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$408,069

36 sales

Median rent

$1,922/mo

190 leases

Gross rental yield

5.65%

before costs

Both figures come from deals that actually closed in Central over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Central

A single median hides this: the mix of homes behind it, and what each kind costs.

190leases

Condo apartment$1,91786.8%
Other kinds, too few of each —13.2%

How fast it moves

Median days on market, month by month. Taller means slower.

Aug 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Central, rentals

Monthly closed leases in Central
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	10	$2,000	$1,788 – $2,475	21	100.0%
Aug 2026	17	$1,900	$1,800 – $2,000	24	100.0%
Jul 2026	31	$2,100	$1,800 – $2,475	43	100.0%
Jun 2026	23	$1,800	$1,600 – $2,300	34	100.0%
May 2026	16	$2,350	$1,744 – $2,525	47	100.0%
Apr 2026	19	$1,700	$1,625 – $2,300	31	100.0%
Mar 2026	36	$1,785	$1,650 – $2,125	63	100.0%
Feb 2026	6	$1,925	$1,813 – $2,075	50	100.0%
Jan 2026	13	$1,899	$1,750 – $1,999	32	100.0%
Dec 2025	8	$1,875	$1,544 – $2,111	51	98.3%
Nov 2025	3	Not enough leases this month to report a median
Oct 2025	8	$1,900	$1,763 – $2,013	30	100.0%
Sep 2025	5	$2,000	$2,000 – $2,050	33	100.0%
Aug 2025	15	$2,500	$2,250 – $2,600	23	100.0%
Jul 2025	14	$2,025	$1,925 – $2,319	28	100.0%
Jun 2025	13	$1,900	$1,700 – $2,350	35	100.0%
May 2025	15	$2,250	$1,975 – $2,550	31	100.0%
Apr 2025	12	$2,215	$1,956 – $2,400	40	98.9%
Mar 2025	10	$2,000	$1,900 – $2,325	33	100.0%
Feb 2025	6	$2,370	$2,063 – $2,498	48	100.0%
Jan 2025	5	$2,000	$1,795 – $2,200	45	100.0%
Dec 2024	4	Not enough leases this month to report a median
Nov 2024	7	$2,475	$2,050 – $2,650	67	100.0%
Oct 2024	5	$2,000	$1,950 – $2,050	36	98.0%
Sep 2024	8	$2,200	$1,975 – $2,613	76	100.0%
Aug 2024	23	$2,050	$1,875 – $2,550	41	100.0%
Jul 2024	16	$2,250	$2,099 – $2,625	41	100.0%
Jun 2024	11	$2,400	$2,200 – $2,550	47	100.0%
May 2024	9	$2,050	$1,750 – $2,400	57	100.0%
Apr 2024	9	$2,350	$1,900 – $2,900	56	100.0%
Mar 2024	2	Not enough leases this month to report a median
Feb 2024	4	Not enough leases this month to report a median
Jan 2024	7	$2,200	$2,125 – $2,450	27	100.0%
Dec 2023	7	$1,900	$1,838 – $2,350	41	100.0%
Nov 2023	7	$2,100	$2,000 – $2,700	26	100.0%
Oct 2023	5	$2,200	$1,950 – $2,400	17	100.0%

4 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Central

How much does a home cost in Central?

Homes in Central sold for a median of $408,069 over the 12 months to September 2026, across 36 closed sales — half sold for more and half for less. That is 15.1% lower than the 12 months before it.

How long does it take to sell a home in Central?

A home in Central took a median of 49 days on the market over the 12 months to September 2026. Homes there closed at 95.4% of the asking price on average, with 5.6% selling over asking.

How much is rent in Central?

The median lease in Central closed at $1,922 a month over the 12 months to September 2026, across 190 leases.

Is it cheaper to rent or buy in Central?

A home in Central costs about 17.7 years of the rent on one — the median price of $408,069 against a median rent of $1,922 a month, a gross yield of 5.65%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Central on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Central

A condo here is its own market

30 condo apartments are on the market in Central right now. Too few have closed here in the last year for us to publish a median we would stand behind.