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City in Ontario

Condos for rent under $700K in Markham

189 condos in Markham are listed for rent under $700K, which is 30% of everything for rent. The most active neighbourhoods are Unionville and Commerce Valley.

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

Condos for Rent in Markham Under $700K

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

$1,098,000

53% above Ontario

In Markham

$1,098,000

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

≈ 36.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,105

Median $1,098,000

Houses 663 · Condos 442

For rent

639

Median $2,500

Houses 422 · Condos 215

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)

Questions, answered

Common questions about condos for rent under $700K in Markham

How many condos in Markham rent for under $700K?

189 condos in Markham are listed for rent under $700K today, 30% of the 639 homes for rent. Their median rent is $2,600/mo.

All rentals in Markham

What kind of condo can I rent in Markham for under $700K?

Under $700K, Markham has condo apartments (189) for rent. Most have 1 to 3 bedrooms.

Condos for rent in Markham

Keep looking

More Rentals in Markham

639 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.