Real Estate for Rent in South W, London, ON
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Neighbourhood in London
South W
South W is a residential neighbourhood in London, Ontario. It offers a mix of housing options and community amenities.
At a glance
Listed 7 days ago
4302 Lismer Lane
London (South W), ON N6L 0H8
Freehold TownhouseFor Rent
Listed 9 days ago
3436 Emilycarr Lane
London (South W), ON N6L 0A3
DetachedFor Rent
Listed 10 days ago
Unit 58, 3635 Southbridge Avenue
London (South W), ON N6L 0G8
OtherFor Rent
Listed 13 days ago
2901 Lemieux Walk
London (South W), ON N6L 0A9
DetachedFor Rent
Day to dayLivability
5.6
Schools near listings
out of 10 · averaged over 625 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
$599,000
In South W
$599,000
In London
$599,900
In Ontario
$715,000
Median monthly rent
$2,600/mo
In South W
$2,600
In London
$2,200
In Ontario
$2,500
$387
Per square foot
≈ 19.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
44
Median $599,000
Houses 25 · Condos 19
For rent
26
Median $2,600
Houses 14 · Condos 12
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-11. 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 the province median
- Family-friendly environment
- Good community amenities
- Diverse population and culture
Keep in mind
- Limited grocery and dining options
- Higher renter strain compared to owners
The feel of the placeLifestyle
Daily life in South W is calm, with a focus on family and community activities. Residents enjoy access to parks and local services.
Within the boundaryWhat's nearby
The boundary
5.9 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
7
Parks
3
Playgrounds
1
Restaurants
2
Cafés
Counted across all 5.9 km² of South W. From OpenStreetMap, as of 2026-10-12.
The peopleWho lives here
6,873
Population (2021)
31.6 km²
Area
218
People per km²
37.2
Median age
$89,507
Median income
60%
Own their home
2.8
People per household
2,310
Households
Every age
- Children (under 15)19.4%
- Working age (15–64)63.0%
- Seniors (65+)17.6%
What is built here
- Detached houses44.4%
- Semi-detached2.6%
- Townhouses23.1%
- High-rise apartments29.5%
Own or rent
60%Owners
41%Renters
Across 2,310 households
When it was built
Mostly 2016–2021
- 1960 or earlier4%
- 1961–19804%
- 1981–19906%
- 1991–20004%
- 2001–20058%
- 2006–201015%
- 2011–201528%
- 2016–202134%
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.
- 38.1%
- Born outside Canada
- 29.1%
- Hold a degree or higher
- 53.9%
- Employment rate
- 1.7%
- Commute by transit
- 93.8%
- Commute by car
- 2
- Children per family
- $80,482
- Median income after tax
- $107,327
- Average household income
- 7.8%
- Living on a low income
- $1,800/mo
- Renters pay, per month
- $1,840/mo
- Owners pay, per month
- $636,091
- Median home value at census
- 48.9%
- Renters spending 30%+ of income on housing
- 21.8%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 2 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
What homes in South W actually rent for
94 homes were leased in South W over the 12 months to September 2026. Half leased above $2,512 and half below, 5.4% lower than the 12 months before. A typical home found its tenant in 34 days — 5 days slower than a year ago.
- Median rent
- $2,512
- -5.4% year over year
- Days to lease
- 34
- 5 days slower
- Leases closed
- 94
- last 12 months
- Rent per square foot
- $1.51/mo
- from 93 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
$2,990/mo
on a $3,000 asking rent — under ask by $10
- Of the asking rent
- 99.7%
- Leased over asking
- 11.7%
From 94 leases that closed here in the last 12 months.
Rent or buy in South W
22 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$661,706
71 sales
Median rent
$2,512/mo
94 leases
Gross rental yield
4.56%
before costs
Both figures come from deals that actually closed in South W 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 W
A single median hides this: the mix of homes behind it, and what each kind costs.
- Detached$2,76724.5%
- Condo town$2,52510.6%
- Freehold town$2,4005.3%
- Other kinds, too few of each —59.6%
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 W, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 8 | $2,613 | $2,475 – $2,825 | 46 | 100.0% |
| Aug 2026 | 14 | $2,525 | $2,419 – $2,675 | 33 | 100.0% |
| Jul 2026 | 8 | $2,300 | $1,600 – $2,700 | 26 | 100.0% |
| Jun 2026 | 4 | Not enough leases this month to report a median | |||
| May 2026 | 12 | $2,500 | $2,375 – $2,756 | 29 | 100.0% |
| Apr 2026 | 9 | $2,500 | $2,450 – $2,700 | 31 | 100.0% |
| Mar 2026 | 8 | $2,500 | $2,349 – $2,850 | 49 | 100.0% |
| Feb 2026 | 3 | Not enough leases this month to report a median | |||
| Jan 2026 | 11 | $2,550 | $2,298 – $2,600 | 38 | 100.0% |
| Dec 2025 | 9 | $2,650 | $2,600 – $2,850 | 35 | 100.0% |
| Nov 2025 | 4 | Not enough leases this month to report a median | |||
| Oct 2025 | 4 | Not enough leases this month to report a median | |||
| Sep 2025 | 7 | $2,600 | $2,500 – $2,700 | 24 | 100.0% |
| Aug 2025 | 5 | $2,700 | $2,650 – $3,000 | 42 | 100.0% |
| Jul 2025 | 7 | $2,600 | $2,075 – $2,750 | 16 | 100.0% |
| Jun 2025 | 7 | $2,600 | $2,498 – $2,700 | 35 | 100.0% |
| May 2025 | 2 | Not enough leases this month to report a median | |||
| Apr 2025 | 6 | $2,800 | $2,650 – $2,800 | 39 | 100.0% |
| Mar 2025 | 2 | Not enough leases this month to report a median | |||
| Feb 2025 | 5 | $2,700 | $2,295 – $2,700 | 37 | 100.0% |
| Jan 2025 | 7 | $2,499 | $2,050 – $2,550 | 25 | 100.0% |
| Dec 2024 | 5 | $2,500 | $2,460 – $2,500 | 25 | 100.0% |
| Nov 2024 | 1 | Not enough leases this month to report a median | |||
| Oct 2024 | 9 | $2,700 | $2,650 – $2,900 | 10 | 100.0% |
| Sep 2024 | 5 | $2,600 | $2,500 – $2,750 | 42 | 100.0% |
| Aug 2024 | 11 | $2,800 | $2,600 – $3,000 | 28 | 100.0% |
| Jul 2024 | 9 | $2,700 | $2,500 – $2,800 | 40 | 100.0% |
| Jun 2024 | 3 | Not enough leases this month to report a median | |||
| May 2024 | 6 | $2,725 | $2,625 – $2,788 | 40 | 100.0% |
| Apr 2024 | 6 | $2,698 | $2,586 – $2,775 | 56 | 100.0% |
| Mar 2024 | 5 | $2,850 | $2,550 – $2,850 | 49 | 100.0% |
| Feb 2024 | 2 | Not enough leases this month to report a median | |||
| Jan 2024 | 1 | Not enough leases this month to report a median | |||
| Dec 2023 | 3 | Not enough leases this month to report a median | |||
| Nov 2023 | 4 | Not enough leases this month to report a median | |||
| Oct 2023 | 3 | Not enough leases this month to report a median | |||
13 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 W
How much does a home cost in South W?
Homes in South W sold for a median of $661,706 over the 12 months to September 2026, across 71 closed sales — half sold for more and half for less. That is 3.4% lower than the 12 months before it.
How long does it take to sell a home in South W?
A home in South W took a median of 37 days on the market over the 12 months to September 2026. Homes there closed at 97.3% of the asking price on average, with 8.5% selling over asking.
How much is rent in South W?
The median lease in South W closed at $2,512 a month over the 12 months to September 2026, across 94 leases.
Is it cheaper to rent or buy in South W?
A home in South W costs about 22.0 years of the rent on one — the median price of $661,706 against a median rent of $2,512 a month, a gross yield of 4.56%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in South W 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
22 condo townhouses are on the market in South W right now. Too few have closed here in the last year for us to publish a median we would stand behind.