Real Estate for Rent in East L, London, ON

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

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Neighbourhood in London

East L

family-friendly community-oriented affordable

East L is a vibrant neighbourhood in London, Ontario. It offers a mix of residential options and amenities for families and individuals.

Median home price is $424,900 Median rent price is $1,775 Diverse housing mix with 50.8% single-detached homes Population density is 2,260.7 per km²

East L, London — HOMEH neighbourhood guide

London, Ontario

Day to dayLivability

4.9

Schools near listings

out of 10 · averaged over 343 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

$424,900

29% below London 41% below Ontario

In East L

$424,900

In London

$599,900

In Ontario

$718,000

Median monthly rent

$1,775/mo

19% below London 29% below Ontario

In East L

$1,775

In London

$2,200

In Ontario

$2,500

≈ 19.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $424,900

Houses 26 · Condos 1

For rent

Median $1,775

Houses 9 · Condos 1

Recently sold

Recently leased

Market data as of 2026-10-12. 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 housing compared to city and province medians
Strong school ratings for families
Community feel with various local amenities
Good mix of home ownership and rental options

Keep in mind

Limited grocery stores in the area
Higher unemployment rate at 13.8%

The feel of the placeLifestyle

Daily life in East L is family-oriented with access to schools and parks. Residents enjoy a close-knit community atmosphere.

Great for first-time buyers families young professionals

Within the boundaryWhat's nearby

The boundary

7.7 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

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 7.7 km² of East L. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

3.7/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

H B Beal Secondary School
Public · Grades 9–12 · Thames Valley DSB
5.4/104.9 over 5 yrs
497th of 742 Ontario secondary schools
1,525 students · EQAO 2024-2025
Aberdeen Public School
Public · Grades JK–8 · Thames Valley DSB
3.2/102.4 over 5 yrs
2,788th of 3,045 Ontario elementary schools
295 students · EQAO 2024-2025
Ealing Public School
Public · Grades JK–8 · Thames Valley DSB
2.5/104.7 over 5 yrs
2,904th of 3,045 Ontario elementary schools
200 students · EQAO 2024-2025
B Davison Secondary School Secondary School
Public · Grades 9–12 · Thames Valley DSB
Not rated
Craigwood Youth Services-Hamilton Road
Public · Grades JK–12 · Thames Valley DSB
Not rated
HCS- King Street Centre
Public · Grades JK–12 · Thames Valley DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside East L, 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

14,154

Population (2021)

6.3 km²

Area

2,261

People per km²

39.5

Median age

$56,860

Median income

49%

Own their home

People per household

7,000

Households

Every age

Children (under 15)11.7%
Working age (15–64)74.3%
Seniors (65+)14.0%

What is built here

Detached houses50.8%
Semi-detached2.9%
Townhouses2%
Duplexes8.8%
Low-rise apartments21.6%
High-rise apartments13%

Own or rent

49%Owners

51%Renters

Across 7,000 households

When it was built

Mostly 1960 or earlier

1960 or earlier65%
1961–198014%
1981–19903%
1991–20003%
2001–20051%
2006–20101%
2011–20154%
2016–20216%

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.

15.1%
Born outside Canada: 12.9%
Hold a degree or higher: 53.2%
Employment rate: 8.7%
Commute by transit: 82.5%
Commute by car: 1.6
Children per family: $51,679
Median income after tax: $64,283
Average household income: 20.7%
Living on a low income: $954/mo
Renters pay, per month: $1,036/mo
Owners pay, per month: $352,918
Median home value at census: 37.8%
Renters spending 30%+ of income on housing: 14.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 27 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

HOMEH Market Pulse Through September 2026 Thin sales history — read the monthly counts

What homes in East L actually rent for

24 homes were leased in East L over the 12 months to September 2026. Half leased above $1,685 and half below, 4.0% lower than the 12 months before. A typical home found its tenant in 39 days — 3 days slower than a year ago.

Median rent: $1,685; -4.0% year over year
Days to lease: 39; 3 days slower
Leases closed: 24; last 12 months
Rent per square foot: $1.74/mo; from 18 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

$3,008/mo

on a $3,000 asking rent — over ask by $8

−10%Asking rent+10%

Of the asking rent: 100.3%
Leased over asking: 8.3%

From 24 leases that closed here in the last 12 months.

Rent or buy in East L

19.6 years

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

Median sold price

$396,038

53 sales

Median rent

$1,685/mo

24 leases

Gross rental yield

5.11%

before costs

Both figures come from deals that actually closed in East L 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 — East L, rentals

Monthly closed leases in East L
Month	Closed	Median
Sep 2026	1	Not enough leases this month to report a median
Aug 2026	2	Not enough leases this month to report a median
Jun 2026	4	Not enough leases this month to report a median
May 2026	3	Not enough leases this month to report a median
Apr 2026	1	Not enough leases this month to report a median
Mar 2026	1	Not enough leases this month to report a median
Feb 2026	1	Not enough leases this month to report a median
Jan 2026	2	Not enough leases this month to report a median
Dec 2025	4	Not enough leases this month to report a median
Nov 2025	2	Not enough leases this month to report a median
Oct 2025	3	Not enough leases this month to report a median
Sep 2025	2	Not enough leases this month to report a median
Aug 2025	2	Not enough leases this month to report a median
Jul 2025	2	Not enough leases this month to report a median
Jun 2025	1	Not enough leases this month to report a median
May 2025	3	Not enough leases this month to report a median
Apr 2025	3	Not enough leases this month to report a median
Mar 2025	1	Not enough leases this month to report a median
Jan 2025	1	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	3	Not enough leases this month to report a median
Jul 2024	2	Not enough leases this month to report a median
Mar 2024	2	Not enough leases this month to report a median
Feb 2024	1	Not enough leases this month to report a median
Dec 2023	1	Not enough leases this month to report a median
Nov 2023	1	Not enough leases this month to report a median

28 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 East L

How much does a home cost in East L?

Homes in East L sold for a median of $396,038 over the 12 months to September 2026, across 53 closed sales — half sold for more and half for less. That is 0.4% lower than the 12 months before it.

How long does it take to sell a home in East L?

A home in East L took a median of 31 days on the market over the 12 months to September 2026. Homes there closed at 97.4% of the asking price on average, with 24.5% selling over asking.

How much is rent in East L?

The median lease in East L closed at $1,685 a month over the 12 months to September 2026, across 24 leases.

Is it cheaper to rent or buy in East L?

A home in East L costs about 19.6 years of the rent on one — the median price of $396,038 against a median rent of $1,685 a month, a gross yield of 5.11%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in East L 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 East L