Real Estate for Rent in Hannon, Hamilton, ON
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Neighbourhood in Hamilton
Hannon
Hannon is a growing neighbourhood in Hamilton, Ontario. It offers a mix of residential options and a family-friendly environment.
At a glance
Listed 11 days ago
Unit 132 (Upper), 1890 Rymal Road
Hamilton (Hannon), ON L0R 1P0
Freehold TownhouseFor Rent
Listed 19 days ago
Unit 516, 1936 Rymal Road E
Hamilton (Hannon), ON L0R 1P0
Condo ApartmentFor Rent
Day to dayLivability
5.8
Schools near listings
out of 10 · averaged over 178 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
$684,900
In Hannon
$684,900
In Hamilton
$724,900
In Ontario
$718,000
Median monthly rent
$2,323/mo
In Hannon
$2,323
In Hamilton
$2,150
In Ontario
$2,500
$395
Per square foot
≈ 24.6 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
5
Median $684,900
Houses 5
For rent
4
Median $2,323
Houses 3 · Condos 1
Recently sold
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Recently leased
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Market data as of 2026-10-14. 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
- High home ownership rate at 83%
- Good median income of $117,552
- Quiet residential area with a family-friendly vibe
- Access to local groceries and restaurants
Keep in mind
- Limited public transit options
- Few parks and recreational spaces
The feel of the placeLifestyle
Daily life in Hannon is peaceful and suitable for families. Residents enjoy a suburban feel with essential amenities nearby.
Within the boundaryWhat's nearby
The boundary
2.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
1
Playgrounds
1
Grocery stores
3
Restaurants
3
Cafés
Counted across all 2.4 km² of Hannon. From OpenStreetMap, as of 2026-10-19.
The schoolsWhich schools, and how they rate
1
Secondary
Arrell Youth Centre Section 23 Progam
Public · Grades 9–12 · 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 Hannon, 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
19,396
Population (2021)
51.3 km²
Area
378
People per km²
34.9
Median age
$117,552
Median income
83%
Own their home
3.3
People per household
6,015
Households
Every age
- Children (under 15)25.3%
- Working age (15–64)65.8%
- Seniors (65+)8.9%
What is built here
- Detached houses57.8%
- Semi-detached0.9%
- Townhouses38.6%
- Low-rise apartments2%
Own or rent
83%Owners
17%Renters
Across 6,015 households
When it was built
Mostly 2016–2021
- 1960 or earlier5%
- 1961–19805%
- 1981–19902%
- 1991–20005%
- 2001–200511%
- 2006–201024%
- 2011–201524%
- 2016–202125%
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.
- 30.3%
- Born outside Canada
- 27.4%
- Hold a degree or higher
- 63.4%
- Employment rate
- 2.9%
- Commute by transit
- 92.8%
- Commute by car
- 2
- Children per family
- $100,598
- Median income after tax
- $127,703
- Average household income
- 6.4%
- Living on a low income
- $2,019/mo
- Renters pay, per month
- $1,978/mo
- Owners pay, per month
- $792,614
- Median home value at census
- 46.2%
- Renters spending 30%+ of income on housing
- 19.8%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 8 census areas around the listings we hold here. 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
What homes in Hannon actually rent for
19 homes were leased in Hannon over the 12 months to September 2026. Half leased above $2,921 and half below, 3.8% higher than the 12 months before. A typical home found its tenant in 44 days — 15 days slower than a year ago.
- Median rent
- $2,921
- +3.8% year over year
- Days to lease
- 44
- 15 days slower
- Leases closed
- 19
- last 12 months
- Rent per square foot
- $1.67/mo
- from 19 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.
What renters actually paid
$2,999/mo
on a $3,000 asking rent — under ask by $1
- Of the asking rent
- 100.0%
- Leased over asking
- 21.1%
From 19 leases that closed here in the last 12 months.
Rent or buy in Hannon
22.7 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$794,750
12 sales
Median rent
$2,921/mo
19 leases
Gross rental yield
4.41%
before costs
Both figures come from deals that actually closed in Hannon over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
Every month behind these charts — Hannon, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Jul 2026 | 2 | Not enough leases this month to report a median | |||
| May 2026 | 3 | Not enough leases this month to report a median | |||
| Apr 2026 | 3 | Not enough leases this month to report a median | |||
| Mar 2026 | 4 | Not enough leases this month to report a median | |||
| Feb 2026 | 2 | Not enough leases this month to report a median | |||
| Nov 2025 | 3 | Not enough leases this month to report a median | |||
| Oct 2025 | 2 | Not enough leases this month to report a median | |||
| Sep 2025 | 1 | Not enough leases this month to report a median | |||
| Aug 2025 | 3 | Not enough leases this month to report a median | |||
| Jul 2025 | 4 | Not enough leases this month to report a median | |||
| May 2025 | 5 | $2,800 | $2,740 – $2,900 | 20 | 100.0% |
| Apr 2025 | 3 | Not enough leases this month to report a median | |||
| Mar 2025 | 4 | Not enough leases this month to report a median | |||
| Feb 2025 | 3 | Not enough leases this month to report a median | |||
| Jan 2025 | 3 | Not enough leases this month to report a median | |||
| Dec 2024 | 1 | Not enough leases this month to report a median | |||
| Nov 2024 | 1 | Not enough leases this month to report a median | |||
| Oct 2024 | 3 | Not enough leases this month to report a median | |||
| Sep 2024 | 2 | Not enough leases this month to report a median | |||
| Aug 2024 | 10 | $3,000 | $2,956 – $3,200 | 18 | 100.0% |
| Jul 2024 | 3 | Not enough leases this month to report a median | |||
| Jun 2024 | 3 | Not enough leases this month to report a median | |||
| May 2024 | 3 | Not enough leases this month to report a median | |||
| Apr 2024 | 2 | Not enough leases this month to report a median | |||
| Feb 2024 | 2 | Not enough leases this month to report a median | |||
| Nov 2023 | 2 | Not enough leases this month to report a median | |||
| Oct 2023 | 1 | Not enough leases this month to report a median | |||
25 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 Hannon
How much does a home cost in Hannon?
Homes in Hannon sold for a median of $794,750 over the 12 months to September 2026, across 12 closed sales — half sold for more and half for less. That is 0.8% higher than the 12 months before it.
How long does it take to sell a home in Hannon?
A home in Hannon took a median of 24 days on the market over the 12 months to September 2026. Homes there closed at 96.5% of the asking price on average, with 16.7% selling over asking.
How much is rent in Hannon?
The median lease in Hannon closed at $2,921 a month over the 12 months to September 2026, across 19 leases.
Is it cheaper to rent or buy in Hannon?
A home in Hannon costs about 22.7 years of the rent on one — the median price of $794,750 against a median rent of $2,921 a month, a gross yield of 4.41%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Hannon 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.
A condo here is its own market
1 condo apartment is on the market in Hannon right now. Too few have closed here in the last year for us to publish a median we would stand behind.