Real Estate for Rent in South I, London, ON
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Neighbourhood in London
South I
South I is a residential neighbourhood in London, Ontario. It offers a mix of housing options and good schools.
At a glance
Listed 6 days ago
Unit LOWER, 31 Adelaide Street S
London (South I), ON N5Z 3K1
DetachedFor Rent
Listed 6 days ago
Unit 2, 81 Josephine Street
London (South I), ON N5Z 3P4
DetachedFor Rent
Listed Sep 14, 2026
Unit 44, 101 Brookside Street
London (South I), ON N5Z 5C9
Condo TownhouseFor Rent
Day to dayLivability
4.6
Schools near listings
out of 10 · averaged over 193 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
$419,450
In South I
$419,450
In London
$599,900
In Ontario
$715,000
Median monthly rent
$2,300/mo
In South I
$2,300
In London
$2,200
In Ontario
$2,500
≈ 15.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
13
Median $419,450
Houses 12 · Condos 1
For rent
5
Median $2,300
Houses 4 · Condos 1
Recently sold
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Recently leased
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Market data as of 2026-10-15. 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
- Strong school ratings for families
- Affordable housing compared to city median
- Diverse housing types available
- Community-focused environment
Keep in mind
- Limited grocery and dining options
- Higher unemployment rate at 15.2%
The feel of the placeLifestyle
Daily life in South I is quiet and family-oriented, with access to parks and schools. Residents enjoy a suburban feel.
Within the boundaryWhat's nearby
The boundary
6.6 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
9
Parks
9
Playgrounds
5
Restaurants
2
Cafés
2
Gyms
1
Libraries
1
Pharmacies
Counted across all 6.6 km² of South I. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
4.1/10
Average rating of the 4 rated schools in this area
9
Elementary
7
Secondary
Princess Elizabeth Public School
Public · Grades JK–8 · Thames Valley DSB
6.2/105.0 over 5 yrs1,444th of 3,045 Ontario elementary schools
645 students · EQAO 2024-2025
St Sebastian Separate School
Catholic · Grades JK–8 · London District Catholic School Board
5.5/104.5 over 5 yrs1,934th of 3,045 Ontario elementary schools
360 students · EQAO 2024-2025
Ealing Public School
Public · Grades JK–8 · Thames Valley DSB
2.5/104.7 over 5 yrs2,904th of 3,045 Ontario elementary schools
200 students · EQAO 2024-2025
C C Carrothers Public School
Public · Grades JK–8 · Thames Valley DSB
2.0/102.0 over 5 yrs2,943rd of 3,045 Ontario elementary schools
405 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
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside South I, 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
15,134
Population (2021)
7.2 km²
Area
2,099
People per km²
41.3
Median age
$61,876
Median income
59%
Own their home
2.1
People per household
6,955
Households
Every age
- Children (under 15)14.3%
- Working age (15–64)69.1%
- Seniors (65+)16.6%
What is built here
- Detached houses52.7%
- Semi-detached3.6%
- Townhouses9.4%
- Duplexes5%
- Low-rise apartments16.3%
- High-rise apartments12.4%
Own or rent
59%Owners
41%Renters
Across 6,955 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier55%
- 1961–198025%
- 1981–19909%
- 1991–20006%
- 2001–20051%
- 2006–20100%
- 2011–20150%
- 2016–20211%
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.
- 18.7%
- Born outside Canada
- 12.8%
- Hold a degree or higher
- 52.7%
- Employment rate
- 5.2%
- Commute by transit
- 85%
- Commute by car
- 1.6
- Children per family
- $55,894
- Median income after tax
- $70,587
- Average household income
- 18.4%
- Living on a low income
- $991/mo
- Renters pay, per month
- $1,023/mo
- Owners pay, per month
- $369,354
- Median home value at census
- 30.4%
- Renters spending 30%+ of income on housing
- 13.5%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 29 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
What homes in South I actually rent for
12 homes were leased in South I over the 12 months to September 2026. Half leased above $1,790 and half below, 8.7% lower than the 12 months before. A typical home found its tenant in 66 days — 29 days slower than a year ago.
- Median rent
- $1,790
- -8.7% year over year
- Days to lease
- 66
- 29 days slower
- Leases closed
- 12
- last 12 months
- Rent per square foot
- $1.89/mo
- from 8 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
$3,062/mo
on a $3,000 asking rent — over ask by $62
- Of the asking rent
- 102.1%
- Leased over asking
- 33.3%
From 12 leases that closed here in the last 12 months.
Rent or buy in South I
19.2 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$411,926
31 sales
Median rent
$1,790/mo
12 leases
Gross rental yield
5.21%
before costs
Both figures come from deals that actually closed in South I 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 — South I, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Jul 2026 | 1 | Not enough leases this month to report a median | |||
| Jun 2026 | 1 | Not enough leases this month to report a median | |||
| May 2026 | 2 | Not enough leases this month to report a median | |||
| Mar 2026 | 3 | Not enough leases this month to report a median | |||
| Feb 2026 | 1 | Not enough leases this month to report a median | |||
| Dec 2025 | 1 | Not enough leases this month to report a median | |||
| Nov 2025 | 2 | Not enough leases this month to report a median | |||
| Oct 2025 | 1 | Not enough leases this month to report a median | |||
| Sep 2025 | 2 | Not enough leases this month to report a median | |||
| Aug 2025 | 1 | Not enough leases this month to report a median | |||
| Jul 2025 | 2 | Not enough leases this month to report a median | |||
| May 2025 | 3 | Not enough leases this month to report a median | |||
| Apr 2025 | 1 | Not enough leases this month to report a median | |||
| Mar 2025 | 2 | Not enough leases this month to report a median | |||
| Jan 2025 | 3 | Not enough leases this month to report a median | |||
| Oct 2024 | 1 | Not enough leases this month to report a median | |||
| Sep 2024 | 1 | Not enough leases this month to report a median | |||
| Jun 2024 | 2 | Not enough leases this month to report a median | |||
| Apr 2024 | 1 | Not enough leases this month to report a median | |||
| Mar 2024 | 1 | Not enough leases this month to report a median | |||
| Feb 2024 | 1 | Not enough leases this month to report a median | |||
| Jan 2024 | 1 | Not enough leases this month to report a median | |||
| Dec 2023 | 1 | Not enough leases this month to report a median | |||
| Oct 2023 | 1 | Not enough leases this month to report a median | |||
24 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 South I
How much does a home cost in South I?
Homes in South I sold for a median of $411,926 over the 12 months to September 2026, across 31 closed sales — half sold for more and half for less. That is 6.7% lower than the 12 months before it.
How long does it take to sell a home in South I?
A home in South I took a median of 24 days on the market over the 12 months to September 2026. Homes there closed at 98.4% of the asking price on average, with 25.8% selling over asking.
How much is rent in South I?
The median lease in South I closed at $1,790 a month over the 12 months to September 2026, across 12 leases.
Is it cheaper to rent or buy in South I?
A home in South I costs about 19.2 years of the rent on one — the median price of $411,926 against a median rent of $1,790 a month, a gross yield of 5.21%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in South I 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
2 condo townhouses are on the market in South I right now. Too few have closed here in the last year for us to publish a median we would stand behind.