Real Estate for Rent in Cedar Grove, Markham, ON
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Neighbourhood in Markham
Cedar Grove
Cedar Grove is a quiet neighbourhood in Markham, Ontario. It features a mix of residential homes and green spaces, making it suitable for families.
At a glance
Day to dayLivability
7.9
Schools near listings
out of 10 · averaged over 367 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
$852,900
In Cedar Grove
$852,900
In Markham
$1,088,800
In Ontario
$719,900
Median monthly rent
In Markham
$2,500
In Ontario
$2,500
On the marketMarket snapshot
For sale
3
Median $852,900
Houses 3
For rent
0
Recently sold
Sign in to see sold data
Recently leased
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Market data as of 2026-10-08. 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 community with a high ownership rate
- Diverse population with many immigrants
- Access to parks for outdoor activities
- Close-knit family environment
Keep in mind
- Limited rental options available
- Few amenities like restaurants and cafes
- Commute primarily by car
The feel of the placeLifestyle
Daily life in Cedar Grove is peaceful, with families enjoying local parks. Residents appreciate the suburban feel and community atmosphere.
Within the boundaryWhat's nearby
The boundary
10.9 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
4
Parks
2
Playgrounds
1
Grocery stores
Counted across all 10.9 km² of Cedar Grove. From OpenStreetMap, as of 2026-10-12.
The peopleWho lives here
26,202
Population (2021)
22.7 km²
Area
1,154
People per km²
37.3
Median age
$119,707
Median income
81%
Own their home
3.7
People per household
7,120
Households
Every age
- Children (under 15)19.6%
- Working age (15–64)68.3%
- Seniors (65+)12.1%
What is built here
- Detached houses65.5%
- Semi-detached11.4%
- Townhouses7.3%
- Duplexes6.9%
- Low-rise apartments1.5%
- High-rise apartments7.4%
Own or rent
81%Owners
19%Renters
Across 7,120 households
When it was built
Mostly 2006–2010
- 1960 or earlier1%
- 1961–19801%
- 1981–19904%
- 1991–200012%
- 2001–200518%
- 2006–201036%
- 2011–20158%
- 2016–202119%
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.
- 58.6%
- Born outside Canada
- 33.8%
- Hold a degree or higher
- 54.7%
- Employment rate
- 7.3%
- Commute by transit
- 88.9%
- Commute by car
- 1.9
- Children per family
- $105,095
- Median income after tax
- $136,300
- Average household income
- 7.4%
- Living on a low income
- $2,171/mo
- Renters pay, per month
- $2,436/mo
- Owners pay, per month
- $1,090,063
- Median home value at census
- 47.4%
- Renters spending 30%+ of income on housing
- 31.5%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 7 census areas around the listings we hold here. 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 Cedar Grove actually rent for
28 homes were leased in Cedar Grove over the 12 months to September 2026. Half leased above $2,953 and half below, 5.6% lower than the 12 months before. A typical home found its tenant in 18 days — 14 days quicker than a year ago.
- Median rent
- $2,953
- -5.6% year over year
- Days to lease
- 18
- 14 days quicker
- Leases closed
- 28
- last 12 months
- Rent per square foot
- $1.66/mo
- from 24 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
$3,001/mo
on a $3,000 asking rent — over ask by $1
- Of the asking rent
- 100.0%
- Leased over asking
- 7.1%
From 28 leases that closed here in the last 12 months.
Rent or buy in Cedar Grove
25.5 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$903,200
12 sales
Median rent
$2,953/mo
28 leases
Gross rental yield
3.92%
before costs
Both figures come from deals that actually closed in Cedar Grove 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 Cedar Grove
A single median hides this: the mix of homes behind it, and what each kind costs.
- Freehold town$3,18817.9%
- Other kinds, too few of each —82.1%
Every month behind these charts — Cedar Grove, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 5 | $3,188 | $3,150 – $3,200 | 16 | 100.0% |
| Aug 2026 | 3 | Not enough leases this month to report a median | |||
| Jul 2026 | 3 | Not enough leases this month to report a median | |||
| 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 | $2,500 | $1,900 – $3,000 | 16 | 100.0% |
| Feb 2026 | 1 | 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 | 3 | Not enough leases this month to report a median | |||
| Jul 2025 | 5 | $3,300 | $3,250 – $3,400 | 14 | 100.0% |
| Jun 2025 | 2 | Not enough leases this month to report a median | |||
| May 2025 | 2 | Not enough leases this month to report a median | |||
| Apr 2025 | 1 | Not enough leases this month to report a median | |||
| Mar 2025 | 3 | Not enough leases this month to report a median | |||
| Feb 2025 | 2 | Not enough leases this month to report a median | |||
| Jan 2025 | 1 | Not enough leases this month to report a median | |||
| Dec 2024 | 3 | Not enough leases this month to report a median | |||
| Aug 2024 | 1 | Not enough leases this month to report a median | |||
| Jul 2024 | 1 | Not enough leases this month to report a median | |||
| Jun 2024 | 3 | Not enough leases this month to report a median | |||
| May 2024 | 2 | Not enough leases this month to report a median | |||
| Apr 2024 | 2 | Not enough leases this month to report a median | |||
| Mar 2024 | 4 | Not enough leases this month to report a median | |||
| Feb 2024 | 1 | Not enough leases this month to report a median | |||
| Jan 2024 | 4 | Not enough leases this month to report a median | |||
| Dec 2023 | 2 | Not enough leases this month to report a median | |||
| Nov 2023 | 3 | Not enough leases this month to report a median | |||
| Oct 2023 | 3 | Not enough leases this month to report a median | |||
26 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 Cedar Grove
How much does a home cost in Cedar Grove?
Homes in Cedar Grove sold for a median of $903,200 over the 12 months to September 2026, across 12 closed sales — half sold for more and half for less. That is 17.9% lower than the 12 months before it.
How long does it take to sell a home in Cedar Grove?
A home in Cedar Grove took a median of 35 days on the market over the 12 months to September 2026. Homes there closed at 103.0% of the asking price on average, with 41.7% selling over asking.
How much is rent in Cedar Grove?
The median lease in Cedar Grove closed at $2,953 a month over the 12 months to September 2026, across 28 leases.
Is it cheaper to rent or buy in Cedar Grove?
A home in Cedar Grove costs about 25.5 years of the rent on one — the median price of $903,200 against a median rent of $2,953 a month, a gross yield of 3.92%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Cedar Grove 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.