Real Estate for Rent in South V, London, ON
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Neighbourhood in London
South V
South V is a residential neighborhood in London, Ontario. It offers a mix of housing options and amenities for families and individuals.
London, Ontario
© Mapbox © OpenStreetMap
At a glance
Listed 7 days ago
Unit 189, 3900 Savoy Street
London (South V), ON N6P 0H9
Condo TownhouseFor Rent
Listed 8 days ago
Unit 16, 1385 Commissioners Road W
London (South V), ON N6K 1E2
Condo TownhouseFor Rent
Listed 9 days ago
6453 Royal Magnolia Avenue
London (South V), ON N6P 0K2
DetachedFor Rent
Listed 10 days ago
Unit 169, 3900 Savoy Street
London (South V), ON N6P 0H9
Condo TownhouseFor Rent
Day to dayLivability
7
Schools near listings
out of 10 · averaged over 1,431 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
$898,750
In South V
$898,750
In London
$599,900
In Ontario
$717,000
Median monthly rent
$2,350/mo
In South V
$2,350
In London
$2,200
In Ontario
$2,500
$473
Per square foot
≈ 31.9 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
196
Median $898,750
Houses 177 · Condos 19
For rent
17
Median $2,350
Condos 9 · Houses 8
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-10. 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
- Good schools with an average rating of 7
- Family-friendly environment with parks and playgrounds
- Majority of homes are owner-occupied
- Stable community with a median income of $114,980
Keep in mind
- Prices are above the city median
- Limited public transit options
- Higher rental strain compared to ownership
The feel of the placeLifestyle
Daily life in South V is comfortable, with access to schools, parks, and local shops. The community has a suburban feel with a focus on family.
Within the boundaryWhat's nearby
The boundary
32.1 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
22
Parks
17
Playgrounds
4
Grocery stores
12
Restaurants
6
Cafés
7
Gyms
2
Libraries
6
Pharmacies
Counted across all 32.1 km² of South V. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.7/10
Average rating of the 3 rated schools in this area
5
Elementary
Lambeth Public School
Public · Grades JK–8 · Thames Valley DSB
8.0/107.5 over 5 yrs337th of 3,045 Ontario elementary schools
800 students · EQAO 2024-2025
Westmount Public School
Public · Grades JK–8 · Thames Valley DSB
6.3/105.9 over 5 yrs1,366th of 3,045 Ontario elementary schools
670 students · EQAO 2024-2025
École élémentaire La Pommeraie
Public · French · Grades JK–6 · Conseil scolaire Viamonde
5.7/106.0 over 5 yrs1,807th of 3,045 Ontario elementary schools
405 students · EQAO 2024-2025
St. Rose of Lima Separate School
Catholic · London District Catholic School Board
Not rated
White Pine Public School
Public · Grades K–8 · 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 V, 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
32,149
Population (2021)
52.9 km²
Area
608
People per km²
40.1
Median age
$114,980
Median income
71%
Own their home
2.8
People per household
11,335
Households
Every age
- Children (under 15)20.1%
- Working age (15–64)62.5%
- Seniors (65+)17.4%
What is built here
- Detached houses66.2%
- Townhouses11.8%
- Duplexes0.6%
- Low-rise apartments2.1%
- High-rise apartments18.9%
Own or rent
71%Owners
28%Renters
Across 11,335 households
When it was built
Mostly 1961–1980
- 1960 or earlier6%
- 1961–198022%
- 1981–199015%
- 1991–20006%
- 2001–20059%
- 2006–201012%
- 2011–201513%
- 2016–202116%
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.
- 26%
- Born outside Canada
- 32.8%
- Hold a degree or higher
- 56.9%
- Employment rate
- 2.2%
- Commute by transit
- 91.8%
- Commute by car
- 2
- Children per family
- $98,238
- Median income after tax
- $134,489
- Average household income
- 7.2%
- Living on a low income
- $1,631/mo
- Renters pay, per month
- $1,688/mo
- Owners pay, per month
- $702,543
- Median home value at census
- 39.3%
- Renters spending 30%+ of income on housing
- 14.5%
- 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, HOMEH school registry, Photo: © Mapbox © OpenStreetMap
What homes in South V actually rent for
51 homes were leased in South V over the 12 months to September 2026. Half leased above $2,603 and half below, 5.2% lower than the 12 months before. A typical home found its tenant in 29 days.
- Median rent
- $2,603
- -5.2% year over year
- Days to lease
- 29
- 1 day slower
- Leases closed
- 51
- last 12 months
- Rent per square foot
- $1.51/mo
- from 47 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
$2,994/mo
on a $3,000 asking rent — under ask by $6
- Of the asking rent
- 99.8%
- Leased over asking
- 11.8%
From 51 leases that closed here in the last 12 months.
Rent or buy in South V
26.2 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$818,293
180 sales
Median rent
$2,603/mo
51 leases
Gross rental yield
3.82%
before costs
Both figures come from deals that actually closed in South V 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 South V
A single median hides this: the mix of homes behind it, and what each kind costs.
- Detached$3,29225.5%
- Other kinds, too few of each —74.5%
How fast it moves
Median days on market, month by month. Taller means slower.
Terracotta marks the last 12 months.
Every month behind these charts — South V, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 1 | Not enough leases this month to report a median | |||
| Aug 2026 | 10 | $2,625 | $2,038 – $3,350 | 19 | 100.0% |
| Jul 2026 | 8 | $3,150 | $2,411 – $3,575 | 29 | 100.0% |
| Jun 2026 | 3 | Not enough leases this month to report a median | |||
| May 2026 | 3 | Not enough leases this month to report a median | |||
| Apr 2026 | 5 | $2,400 | $2,100 – $2,550 | 26 | 100.0% |
| Mar 2026 | 5 | $2,400 | $2,200 – $2,450 | 31 | 100.0% |
| Feb 2026 | 2 | Not enough leases this month to report a median | |||
| Jan 2026 | 1 | Not enough leases this month to report a median | |||
| Dec 2025 | 2 | Not enough leases this month to report a median | |||
| Nov 2025 | 6 | $2,300 | $2,181 – $3,000 | 44 | 100.0% |
| Oct 2025 | 5 | $2,200 | $2,150 – $2,250 | 31 | 97.8% |
| Sep 2025 | 8 | $2,350 | $2,238 – $2,575 | 28 | 100.0% |
| Aug 2025 | 7 | $3,200 | $2,850 – $3,240 | 16 | 100.0% |
| Jul 2025 | 7 | $2,700 | $2,325 – $3,275 | 23 | 97.9% |
| Jun 2025 | 5 | $2,675 | $2,300 – $2,700 | 35 | 98.2% |
| May 2025 | 3 | Not enough leases this month to report a median | |||
| Apr 2025 | 5 | $3,500 | $2,700 – $3,800 | 27 | 100.0% |
| Mar 2025 | 3 | Not enough leases this month to report a median | |||
| Feb 2025 | 3 | Not enough leases this month to report a median | |||
| Jan 2025 | 7 | $2,400 | $2,350 – $2,844 | 48 | 100.0% |
| Dec 2024 | 5 | $2,400 | $2,300 – $3,200 | 50 | 100.0% |
| Nov 2024 | 4 | Not enough leases this month to report a median | |||
| Oct 2024 | 5 | $2,800 | $2,450 – $2,899 | 19 | 100.0% |
| Sep 2024 | 10 | $3,073 | $2,581 – $3,388 | 33 | 100.0% |
| Aug 2024 | 9 | $2,400 | $2,395 – $2,500 | 38 | 100.0% |
| Jul 2024 | 6 | $3,225 | $2,838 – $3,500 | 23 | 100.0% |
| Jun 2024 | 6 | $2,248 | $2,095 – $2,550 | 30 | 100.0% |
| May 2024 | 8 | $2,498 | $2,300 – $2,646 | 48 | 100.0% |
| Apr 2024 | 3 | 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 | 6 | $2,600 | $2,450 – $3,050 | 28 | 100.0% |
| Dec 2023 | 6 | $3,000 | $2,925 – $3,000 | 26 | 100.0% |
| Nov 2023 | 2 | Not enough leases this month to report a median | |||
| Oct 2023 | 3 | Not enough leases this month to report a median | |||
15 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 V
How much does a home cost in South V?
Homes in South V sold for a median of $818,293 over the 12 months to September 2026, across 180 closed sales — half sold for more and half for less. That is 14.8% lower than the 12 months before it.
How long does it take to sell a home in South V?
A home in South V took a median of 40 days on the market over the 12 months to September 2026. Homes there closed at 98.0% of the asking price on average, with 15.0% selling over asking.
How much is rent in South V?
The median lease in South V closed at $2,603 a month over the 12 months to September 2026, across 51 leases.
Is it cheaper to rent or buy in South V?
A home in South V costs about 26.2 years of the rent on one — the median price of $818,293 against a median rent of $2,603 a month, a gross yield of 3.82%. The shorter that number, the closer buying is to renting before financing costs.
What kind of homes sell in South V?
Over the 12 months to September 2026 the mix in South V was detached (77.2% of sales, median $873,845) and freehold town (2.8% of sales, median $624,800).
Compiled by HOMEH from leases reported closed in South V 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
23 condo townhouses are on the market in South V right now. Too few have closed here in the last year for us to publish a median we would stand behind.