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City in Ontario

Townhouses for rent in Markham

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

There are 107 townhouses for rent in Markham today, with a median rent of $3,100/mo (+22% vs. all rentals in Markham). The most active neighbourhoods are Cornell, Middlefield and Unionville.

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 Townhouse 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

$1,098,000

53% above Ontario

In Markham

$1,098,000

In Ontario

$716,900

Median monthly rent

$2,550/mo

2% above Ontario

In Markham

$2,550

In Ontario

$2,499

$763

Per square foot

≈ 35.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,113

Median $1,098,000

Houses 681 · Condos 432

For rent

656

Median $2,550

Houses 426 · Condos 228

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 2026-10-19.

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 Townhouses only Through September 2026 Deep sales history

What townhouses in Markham actually rent for

1,056 townhouses were leased in Markham over the 12 months to September 2026. Half leased above $3,155 and half below, 4.5% lower than the 12 months before. A typical townhouse found its tenant in 22 days.

Median rent: $3,155; -4.5% year over year
Days to lease: 22; 1 day slower
Leases closed: 1,056; last 12 months
Rent per square foot: $1.91/mo; from 1,028 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 townhouse here differs from the next.

$4,352$3,680$3,008$2,336

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,988/mo

on a $3,000 asking rent — under ask by $12

−10%Asking rent+10%

Of the asking rent: 99.6%
Leased over asking: 5.6%

From 1,056 leases that closed here in the last 12 months.

Rent or buy in Markham

24.5 years

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

Median sold price

$928,970

706 sales

Median rent

$3,155/mo

1,056 leases

Gross rental yield

4.08%

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.

What actually rents in Markham

A single median hides this: the mix of townhouses behind it, and what each kind costs.

1,056leases

Freehold town$3,25172.0%
Condo town$2,90728.0%

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	81	$3,108	$2,500 – $3,500	15	100.0%
Aug 2026	99	$3,165	$2,700 – $3,600	20	100.0%
Jul 2026	109	$3,208	$2,750 – $3,500	16	100.0%
Jun 2026	112	$3,306	$2,650 – $3,600	15	100.0%
May 2026	101	$3,195	$2,600 – $3,625	15	100.0%
Apr 2026	96	$3,133	$2,500 – $3,500	21	100.0%
Mar 2026	102	$3,131	$2,475 – $3,390	25	98.5%
Feb 2026	70	$3,048	$2,500 – $3,413	32	98.8%
Jan 2026	81	$3,100	$2,600 – $3,500	29	99.1%
Dec 2025	62	$3,055	$2,613 – $3,600	31	99.0%
Nov 2025	70	$3,078	$2,525 – $3,400	22	100.0%
Oct 2025	73	$3,206	$2,975 – $3,500	23	99.4%
Sep 2025	83	$3,404	$2,750 – $3,638	19	100.0%
Aug 2025	89	$3,406	$2,738 – $3,650	17	100.0%
Jul 2025	100	$3,335	$2,600 – $3,738	18	100.0%
Jun 2025	104	$3,233	$2,765 – $3,500	20	100.0%
May 2025	84	$3,376	$2,750 – $3,675	22	100.0%
Apr 2025	78	$3,172	$2,600 – $3,600	19	99.2%
Mar 2025	78	$3,298	$2,650 – $3,650	19	100.0%
Feb 2025	57	$3,221	$2,688 – $3,525	19	100.0%
Jan 2025	69	$3,204	$2,600 – $3,700	27	100.0%
Dec 2024	59	$3,304	$2,813 – $3,798	23	100.0%
Nov 2024	67	$3,272	$2,700 – $3,550	22	100.0%
Oct 2024	71	$3,364	$2,680 – $3,638	18	100.0%
Sep 2024	56	$3,468	$2,788 – $3,800	20	100.0%
Aug 2024	110	$3,505	$2,900 – $3,800	18	100.0%
Jul 2024	102	$3,488	$2,950 – $3,900	30	100.0%
Jun 2024	90	$3,323	$2,600 – $3,750	40	100.0%
May 2024	89	$3,357	$2,825 – $3,688	36	100.0%
Apr 2024	76	$3,266	$2,675 – $3,600	37	100.0%
Mar 2024	53	$3,274	$2,813 – $3,605	24	100.0%
Feb 2024	5	$3,200	$3,150 – $3,500	30	100.0%
Jan 2024	5	$2,800	$2,650 – $3,450	25	100.0%
Dec 2023	7	$2,800	$2,600 – $3,400	31	100.0%
Nov 2023	8	$3,800	$3,323 – $4,213	26	100.0%
Oct 2023	10	$2,800	$2,575 – $2,938	10	100.0%

What people ask about Markham

How much is rent for a townhouse in Markham?

The median townhouse lease in Markham closed at $3,155 a month over the 12 months to September 2026, across 1,056 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 townhouse. Not an appraisal or an opinion of value.

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More Rentals in Markham

656 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.

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