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City in Ontario

Condos for rent in Markham

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

There are 189 condos and apartments for rent in Markham today, with a median rent of $2,600/mo (+4% vs. all rentals in Markham). 32 are 1-bedroom condos for rent. The most active neighbourhoods are Unionville, Commerce Valley and Wismer.

family-friendly active diverse

338,503 people lived in Markham at the 2021 Census, in 110,830 households. 82% of households owned their home and 18% rented. The most common homes were single-detached houses (56%) and apartments in buildings of five or more storeys (16%). 18% of homes were built before 1981, and 20% since 2011. 87% of commuters went to work by car and 7% by public transit.

Population of 338,503 8.1 school rating

Markham, Ontario

Markham Condo Rentals

Day to dayLivability

Walkability

out of 100 · averaged over 266,366 past and present listings

Average walk score reported on listings here

8.1

Schools near listings

out of 10 · averaged over 266,366 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

$1,090,000

52% above Ontario

In Markham

$1,090,000

In Ontario

$716,900

Median monthly rent

$2,500/mo

On par with Ontario

In Markham

$2,500

In Ontario

$2,499

$763

Per square foot

≈ 36.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,110

Median $1,090,000

Houses 668 · Condos 442

For rent

640

Median $2,500

Houses 422 · Condos 216

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

Strong schools and educational facilities
Plenty of parks for outdoor activities
Good public transit options
Diverse community with various amenities

Keep in mind

Median home price is above provincial average
Rental prices are relatively high

The feel of the placeLifestyle

Daily life in Markham is active, with access to parks and schools. Residents enjoy a balance of urban and suburban living.

Great for families professionals first-time buyers

Within the boundaryWhat's nearby

The boundary

211.7 km²

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

345

Parks

311

Playgrounds

Transit stations

Grocery stores

300

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 211.7 km² of Markham. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

8.0/10

Average rating of the 83 rated schools in this area

107

Elementary

Secondary

Bayview Fairways Public School
Public · Grades JK–8 · York Region DSB
10.0/109.6 over 5 yrs
1st of 3,045 Ontario elementary schools
310 students · EQAO 2024-2025
St Augustine Catholic High School
Catholic · Grades 9–12 · York CDSB
10.0/109.3 over 5 yrs
1st of 742 Ontario secondary schools
1,575 students · EQAO 2024-2025
St Justin Martyr Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
10.0/1010.0 over 5 yrs
1st of 3,045 Ontario elementary schools
675 students · EQAO 2024-2025
St Robert Catholic High School
Catholic · Grades 9–12 · York CDSB
10.0/109.4 over 5 yrs
1st of 742 Ontario secondary schools
1,705 students · EQAO 2024-2025
Pierre Elliott Trudeau High School
Public · Grades 9–12 · York Region DSB
9.5/109.0 over 5 yrs
6th of 742 Ontario secondary schools
1,865 students · EQAO 2024-2025
Roy H Crosby Public School
Public · Grades JK–8 · York Region DSB
9.5/108.3 over 5 yrs
42nd of 3,045 Ontario elementary schools
235 students · EQAO 2024-2025

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

338,503

Population (2021)

210.9 km²

Area

1,605

People per km²

43.1

Median age

$111,162

Median income

82%

Own their home

3.2

People per household

110,830

Households

Every age

Children (under 15)15.9%
Working age (15–64)65.7%
Seniors (65+)18.3%

What is built here

Detached houses56.2%
Semi-detached6.3%
Townhouses14.4%
Duplexes5.5%
Low-rise apartments1.7%
High-rise apartments15.9%

Own or rent

82%Owners

18%Renters

Across 110,830 households

When it was built

1960 or earlier2%
1961–198016%
1981–199019%
1991–200015%
2001–200514%
2006–201012%
2011–201512%
2016–20218%

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: 39.2%
Hold a degree or higher: 52.1%
Employment rate: 7.4%
Commute by transit: 87.2%
Commute by car: 1.7
Children per family: $97,013
Median income after tax: $133,718
Average household income: 10.8%
Living on a low income: $2,067/mo
Renters pay, per month: $1,838/mo
Owners pay, per month: $1,149,940
Median home value at census: 38%
Renters spending 30%+ of income on housing: 29.4%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 338 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 Condo apartments only Through September 2026 Deep sales history

What Condos Rent For in Markham

2,539 condos were leased in Markham over the 12 months to September 2026. Half leased above $2,377 and half below, 5.7% lower than the 12 months before. A typical condo found its tenant in 21 days — 2 days slower than a year ago.

Median rent: $2,377; -5.7% year over year
Days to lease: 21; 2 days slower
Leases closed: 2,539; last 12 months
Rent per square foot: $3.45/mo; from 2,500 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 condo here differs from the next.

$3,163$2,800$2,438$2,075

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,999/mo

on a $3,000 asking rent — under ask by $1

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 4.9%

From 2,539 leases that closed here in the last 12 months.

Rent or buy in Markham

20.2 years

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

Median sold price

$576,206

672 sales

Median rent

$2,377/mo

2,539 leases

Gross rental yield

4.95%

before costs

Both figures come from deals that actually closed in Markham over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

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 — Markham, rentals

Monthly closed leases in Markham
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	189	$2,400	$2,300 – $2,850	17	100.0%
Aug 2026	270	$2,400	$2,200 – $2,750	19	100.0%
Jul 2026	292	$2,350	$2,200 – $2,800	22	100.0%
Jun 2026	244	$2,400	$2,219 – $2,800	20	100.0%
May 2026	240	$2,350	$2,200 – $2,700	20	100.0%
Apr 2026	246	$2,300	$2,150 – $2,650	22	100.0%
Mar 2026	237	$2,400	$2,250 – $2,650	21	100.0%
Feb 2026	179	$2,300	$2,190 – $2,700	20	99.7%
Jan 2026	168	$2,413	$2,250 – $2,700	25	100.0%
Dec 2025	131	$2,400	$2,200 – $2,700	21	100.0%
Nov 2025	154	$2,450	$2,300 – $2,800	24	100.0%
Oct 2025	189	$2,400	$2,300 – $2,800	21	100.0%
Sep 2025	188	$2,480	$2,300 – $2,900	19	100.0%
Aug 2025	251	$2,500	$2,313 – $2,850	18	100.0%
Jul 2025	279	$2,500	$2,300 – $2,850	17	100.0%
Jun 2025	256	$2,488	$2,350 – $2,850	19	100.0%
May 2025	233	$2,500	$2,350 – $2,900	17	100.0%
Apr 2025	215	$2,500	$2,350 – $2,850	21	100.0%
Mar 2025	188	$2,500	$2,373 – $2,800	20	100.0%
Feb 2025	141	$2,500	$2,400 – $2,900	23	100.0%
Jan 2025	149	$2,550	$2,400 – $2,850	19	100.0%
Dec 2024	138	$2,600	$2,350 – $2,938	25	100.0%
Nov 2024	152	$2,600	$2,450 – $2,950	20	100.0%
Oct 2024	172	$2,600	$2,415 – $2,950	16	100.0%
Sep 2024	199	$2,600	$2,450 – $2,900	16	100.0%
Aug 2024	319	$2,600	$2,480 – $2,950	26	100.0%
Jul 2024	294	$2,550	$2,400 – $2,900	24	100.0%
Jun 2024	215	$2,550	$2,400 – $2,900	33	100.0%
May 2024	242	$2,515	$2,350 – $2,800	29	100.0%
Apr 2024	226	$2,500	$2,396 – $2,850	31	100.0%
Mar 2024	148	$2,500	$2,350 – $2,800	27	100.0%
Feb 2024	91	$2,500	$2,350 – $2,700	23	100.0%
Jan 2024	87	$2,575	$2,400 – $2,800	22	100.0%
Dec 2023	87	$2,650	$2,490 – $2,950	15	100.0%
Nov 2023	94	$2,638	$2,463 – $3,088	15	100.0%
Oct 2023	92	$2,650	$2,500 – $3,000	9	100.0%

What people ask about Markham

How much is rent for a condo in Markham?

The median condo lease in Markham closed at $2,377 a month over the 12 months to September 2026, across 2,539 leases.

Compiled by HOMEH from leases reported closed in Markham 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 condo. Not an appraisal or an opinion of value.

Questions, answered

Common questions about condos for rent in Markham

How much is a condo to rent in Markham?

The median rent of the 189 condos for rent in Markham is $2,600/mo. By size, the median is $2,215/mo for 1 bedroom and $2,525/mo for 2 bedrooms.

All rentals in Markham

Are there furnished condos for rent in Markham?

Yes. 12 of the 189 condos for rent in Markham are listed furnished and 3 partly furnished.

All rentals in Markham

Keep looking

More Rentals in Markham

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