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City in Ontario

Apartments & homes for rent in London

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

There are 638 rentals in London, Ontario, with a median rent of $2,200/mo. 109 are 1-bedroom apartments and units and 187 have 2 bedrooms.

suburban affordable family-friendly

422,324 people lived in London at the 2021 Census, in 174,660 households. 58% of households owned their home and 42% rented. The most common homes were single-detached houses (49%) and apartments in buildings of five or more storeys (22%). 52% of homes were built before 1981, and 11% since 2011. 86% of commuters went to work by car and 6% by public transit.

Population of 422,324

London, Ontario

London Rentals

Day to dayLivability

Walkability

out of 100 · averaged over 242,364 past and present listings

Average walk score reported on listings here

5.6

Schools near listings

out of 10 · averaged over 242,364 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

$599,900

16% below Ontario

In London

$599,900

In Ontario

$716,900

Median monthly rent

$2,200/mo

12% below Ontario

In London

$2,200

In Ontario

$2,499

$466

Per square foot

≈ 22.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

2,193

Median $599,900

Houses 1,516 · Condos 678

For rent

638

Median $2,200

Houses 372 · Condos 266

Recently sold

Recently leased

Market data as of 2026-08-16. 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 provincial median prices
Variety of housing types available
Many parks for outdoor activities
Active rental market

Keep in mind

Walkability score is low at 21
Limited public transit options

The feel of the placeLifestyle

Daily life in London is suburban with access to parks and some amenities. The area is suitable for those who enjoy a quieter environment.

Great for first-time buyers families renters

Within the boundaryWhat's nearby

The boundary

420.5 km²

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

277

Parks

233

Playgrounds

Transit stations

Grocery stores

290

Restaurants

122

Cafés

Gyms

Libraries

Pharmacies

Counted across all 420.5 km² of London. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.4/10

Average rating of the 109 rated schools in this area

131

Elementary

Secondary

Orchard Park Public School
Public · Grades JK–8 · Thames Valley DSB
10.0/107.7 over 5 yrs
1st of 3,045 Ontario elementary schools
305 students · EQAO 2024-2025
Masonville Public School
Public · Grades JK–8 · Thames Valley DSB
9.2/109.0 over 5 yrs
68th of 3,045 Ontario elementary schools
755 students · EQAO 2024-2025
Jack Chambers Public School
Public · Grades JK–8 · Thames Valley DSB
9.1/109.0 over 5 yrs
77th of 3,045 Ontario elementary schools
685 students · EQAO 2024-2025
Old North Public School
Public · Grades JK–8 · Thames Valley DSB
9.1/108.0 over 5 yrs
77th of 3,045 Ontario elementary schools
465 students · EQAO 2024-2025
John Dearness Public School
Public · Grades JK–8 · Thames Valley DSB
9.0/108.0 over 5 yrs
91st of 3,045 Ontario elementary schools
280 students · EQAO 2024-2025
London Central Secondary School
Public · Grades 9–12 · Thames Valley DSB
8.7/108.8 over 5 yrs
33rd of 742 Ontario secondary schools
955 students · EQAO 2024-2025

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

422,324

Population (2021)

420.5 km²

Area

1,004

People per km²

40.2

Median age

$85,869

Median income

58%

Own their home

2.5

People per household

174,660

Households

Every age

Children (under 15)16.3%
Working age (15–64)65.9%
Seniors (65+)17.8%

What is built here

Detached houses48.8%
Semi-detached3.4%
Townhouses13.3%
Duplexes2.5%
Low-rise apartments10.2%
High-rise apartments21.5%

Own or rent

58%Owners

42%Renters

Across 174,660 households

When it was built

Mostly 1961–1980

1960 or earlier22%
1961–198030%
1981–199014%
1991–200011%
2001–20055%
2006–20106%
2011–20155%
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.

24.8%
Born outside Canada: 29.1%
Hold a degree or higher: 53.6%
Employment rate: 5.8%
Commute by transit: 86%
Commute by car: 1.8
Children per family: $75,466
Median income after tax: $100,171
Average household income: 14%
Living on a low income: $1,319/mo
Renters pay, per month: $1,292/mo
Owners pay, per month: $549,751
Median home value at census: 33.9%
Renters spending 30%+ of income on housing: 12.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 570 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, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Through September 2026 Deep sales history

What Rent Costs in London

1,963 homes were leased in London over the 12 months to September 2026. Half leased above $2,343 and half below, 6.9% lower than the 12 months before. A typical home found its tenant in 30 days — 4 days slower than a year ago.

Median rent: $2,343; -6.9% year over year
Days to lease: 30; 4 days slower
Leases closed: 1,963; last 12 months
Rent per square foot: $1.75/mo; from 1,831 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.

$3,108$2,588$2,068$1,548

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 8.9%

From 1,963 leases that closed here in the last 12 months.

Rent or buy in London

19.7 years

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

Median sold price

$554,380

4,600 sales

Median rent

$2,343/mo

1,963 leases

Gross rental yield

5.07%

before costs

Both figures come from deals that actually closed in London 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 London

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

1,963leases

Detached$2,63335.2%
Condo town$2,47920.9%
Condo apartment$1,94520.6%
Multiplex$1,56410.9%
Freehold town$2,5344.2%
Other kinds of home$2,1064.0%
Semi-detached$2,3061.4%
Other kinds, too few of each —2.8%

How fast it moves

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

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — London, rentals

Monthly closed leases in London
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	153	$2,295	$1,795 – $2,750	28	100.0%
Aug 2026	246	$2,300	$1,850 – $2,700	29	100.0%
Jul 2026	199	$2,345	$1,765 – $2,775	30	100.0%
Jun 2026	188	$2,313	$1,750 – $2,713	28	100.0%
May 2026	183	$2,350	$1,950 – $2,763	24	100.0%
Apr 2026	148	$2,398	$1,800 – $2,650	28	100.0%
Mar 2026	181	$2,400	$1,835 – $2,650	31	100.0%
Feb 2026	115	$2,250	$1,850 – $2,625	31	100.0%
Jan 2026	143	$2,350	$1,898 – $2,650	40	100.0%
Dec 2025	135	$2,300	$1,656 – $2,700	38	100.0%
Nov 2025	135	$2,375	$1,900 – $2,700	33	100.0%
Oct 2025	137	$2,450	$1,900 – $2,700	29	100.0%
Sep 2025	136	$2,500	$2,138 – $2,800	29	100.0%
Aug 2025	164	$2,525	$1,984 – $2,850	26	100.0%
Jul 2025	182	$2,473	$2,100 – $2,800	23	100.0%
Jun 2025	150	$2,600	$2,100 – $2,948	26	100.0%
May 2025	126	$2,525	$2,000 – $2,900	27	100.0%
Apr 2025	132	$2,600	$2,088 – $2,900	23	100.0%
Mar 2025	152	$2,500	$2,199 – $2,850	28	100.0%
Feb 2025	105	$2,400	$2,100 – $2,750	25	100.0%
Jan 2025	125	$2,400	$1,900 – $2,800	29	100.0%
Dec 2024	95	$2,500	$2,098 – $2,840	28	100.0%
Nov 2024	95	$2,600	$2,200 – $2,900	26	100.0%
Oct 2024	105	$2,600	$2,100 – $2,899	26	100.0%
Sep 2024	130	$2,688	$2,400 – $3,000	35	100.0%
Aug 2024	216	$2,700	$2,391 – $2,993	32	100.0%
Jul 2024	179	$2,600	$2,200 – $2,913	31	100.0%
Jun 2024	113	$2,595	$2,100 – $2,950	49	100.0%
May 2024	119	$2,600	$2,250 – $2,900	48	100.0%
Apr 2024	103	$2,500	$2,200 – $2,800	40	100.0%
Mar 2024	81	$2,550	$2,200 – $2,750	46	100.0%
Feb 2024	44	$2,475	$2,000 – $2,700	33	100.0%
Jan 2024	62	$2,500	$2,163 – $2,875	37	100.0%
Dec 2023	92	$2,700	$2,400 – $3,000	24	100.0%
Nov 2023	83	$2,600	$2,225 – $2,825	21	100.0%
Oct 2023	80	$2,688	$2,400 – $2,996	16	100.0%

What people ask about London

How much is rent in London?

The median lease in London closed at $2,343 a month over the 12 months to September 2026, across 1,963 leases.

Compiled by HOMEH from leases reported closed in London 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.

Questions, answered

Common questions about apartments & homes for rent in London

What is the average rent in London?

The median rent of the 638 rentals in London is $2,200/mo, from $650 to $8,000 a month.

Houses for rent in London

How much is a 1-bedroom apartment in London?

109 1-bedroom rentals are listed in London, with a median rent of $1,600/mo.

Condos for rent in London

How much is a 2-bedroom apartment in London?

187 2-bedroom rentals are listed in London, with a median rent of $1,975/mo.

Condos for rent in London

Keep looking

More Apartments & Homes for Rent in London

638 homes are for rent in London. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.