Real Estate for Rent in Devil's Elbow, Markham, ON
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Neighbourhood in Markham
Devil's Elbow
Devil's Elbow is a quiet neighbourhood in Markham, Ontario. It offers a peaceful residential atmosphere with a focus on single-family homes.
At a glance
Day to dayLivability
9.2
Schools near listings
out of 10 · averaged over 138 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
$3,590,000
In Devil's Elbow
$3,590,000
In Markham
$1,088,400
In Ontario
$718,000
Median monthly rent
$7,500/mo
In Devil's Elbow
$7,500
In Markham
$2,450
In Ontario
$2,500
≈ 39.9 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
16
Median $3,590,000
Houses 13 · Condos 3
For rent
2
Median $7,500
Condos 1 · Houses 1
Recently sold
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Recently leased
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Market data as of 2026-10-13. 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
- Family-friendly environment
- Good schools nearby
- Low crime rate
- Spacious homes
Keep in mind
- High home prices compared to the city
- Limited amenities and services
- No public transit options
The feel of the placeLifestyle
Residents enjoy a tranquil lifestyle with access to nature. Daily life is centered around family and community.
Within the boundaryWhat's nearby
The boundary
3.0 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
Counted across all 3.0 km² of Devil's Elbow. From OpenStreetMap, as of 2026-10-12.
The peopleWho lives here
432
Population (2021)
1.0 km²
Area
420
People per km²
48.4
Median age
$150,000
Median income
96%
Own their home
3.2
People per household
135
Households
Every age
- Children (under 15)11.6%
- Working age (15–64)68.6%
- Seniors (65+)19.8%
What is built here
- Detached houses100%
Own or rent
96%Owners
0%Renters
Across 135 households
When it was built
Mostly 1961–1980
- 1960 or earlier0%
- 1961–198037%
- 1981–199026%
- 1991–200011%
- 2001–20057%
- 2006–20107%
- 2011–20157%
- 2016–20210%
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.
- 58.2%
- Born outside Canada
- 58%
- Hold a degree or higher
- 60.5%
- Employment rate
- 0%
- Commute by transit
- 93.9%
- Commute by car
- 1.8
- Children per family
- $124,000
- Median income after tax
- $184,000
- Average household income
- 10.8%
- Living on a low income
- $3,000/mo
- Owners pay, per month
- $3,520,000
- Median home value at census
- 42.3%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 1 census area 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
What homes in Devil's Elbow actually rent for
12 homes were leased in Devil's Elbow over the 12 months to September 2026. Half leased above $4,671 and half below, 13.3% lower than the 12 months before. A typical home found its tenant in 36 days.
- Median rent
- $4,671
- -13.3% year over year
- Days to lease
- 36
- 1 day quicker
- Leases closed
- 12
- last 12 months
- Rent per square foot
- $2.16/mo
- from 12 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
$2,897/mo
on a $3,000 asking rent — under ask by $103
- Of the asking rent
- 96.6%
- Leased over asking
- 0%
From 12 leases that closed here in the last 12 months.
Rent or buy in Devil's Elbow
45.7 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$2,562,158
19 sales
Median rent
$4,671/mo
12 leases
Gross rental yield
2.19%
before costs
Both figures come from deals that actually closed in Devil's Elbow over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
Every month behind these charts — Devil's Elbow, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Aug 2026 | 2 | Not enough leases this month to report a median | |||
| Jun 2026 | 3 | Not enough leases this month to report a median | |||
| May 2026 | 1 | Not enough leases this month to report a median | |||
| Feb 2026 | 1 | Not enough leases this month to report a median | |||
| Jan 2026 | 1 | Not enough leases this month to report a median | |||
| Dec 2025 | 3 | Not enough leases this month to report a median | |||
| Nov 2025 | 1 | Not enough leases this month to report a median | |||
| Aug 2025 | 3 | Not enough leases this month to report a median | |||
| Jul 2025 | 1 | Not enough leases this month to report a median | |||
| May 2025 | 2 | Not enough leases this month to report a median | |||
| Dec 2024 | 3 | Not enough leases this month to report a median | |||
| Nov 2024 | 1 | Not enough leases this month to report a median | |||
| Jun 2024 | 1 | Not enough leases this month to report a median | |||
| May 2024 | 1 | Not enough leases this month to report a median | |||
| Mar 2024 | 2 | Not enough leases this month to report a median | |||
| Oct 2023 | 1 | Not enough leases this month to report a median | |||
16 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 Devil's Elbow
How much does a home cost in Devil's Elbow?
Homes in Devil's Elbow sold for a median of $2,562,158 over the 12 months to September 2026, across 19 closed sales — half sold for more and half for less. That is 26.8% lower than the 12 months before it.
How long does it take to sell a home in Devil's Elbow?
A home in Devil's Elbow took a median of 61 days on the market over the 12 months to September 2026. Homes there closed at 93.8% of the asking price on average, with 5.3% selling over asking.
How much is rent in Devil's Elbow?
The median lease in Devil's Elbow closed at $4,671 a month over the 12 months to September 2026, across 12 leases.
Is it cheaper to rent or buy in Devil's Elbow?
A home in Devil's Elbow costs about 45.7 years of the rent on one — the median price of $2,562,158 against a median rent of $4,671 a month, a gross yield of 2.19%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Devil's Elbow 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
3 condo apartments are on the market in Devil's Elbow right now. Too few have closed here in the last year for us to publish a median we would stand behind.