Condos for Rent in Central Erin Mills, Mississauga, ON

Name: HOMEH Market Pulse — Central Erin Mills, Mississauga closed sales and leases
Creator: HOMEH
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Neighbourhood in Mississauga

Central Erin Mills

family-friendly community-oriented suburban

Central Erin Mills is a family-friendly neighbourhood in Mississauga. It offers a good mix of homes, schools, and parks.

Strong school ratings with an average of 8.5 Diverse housing options including condos and detached homes Many parks and playgrounds for outdoor activities High percentage of immigrant residents at 58.8% Good median income of $121,729

Central Erin Mills, Mississauga — HOMEH neighbourhood guide

Mississauga, Ontario

Day to dayLivability

8.1

Schools near listings

out of 10 · averaged over 3,719 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

$749,999

16% below Mississauga 5% above Ontario

In Central Erin Mills

$749,999

In Mississauga

$888,000

In Ontario

$714,900

Median monthly rent

$2,913/mo

8% above Mississauga 17% above Ontario

In Central Erin Mills

$2,913

In Mississauga

$2,700

In Ontario

$2,500

$909

Per square foot

≈ 21.5 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

147

Median $749,999

Condos 103 · Houses 44

For rent

Median $2,913

Condos 37 · Houses 23

Recently sold

Recently leased

Market data as of 2026-10-18. 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

Great schools for families and children
Variety of amenities including grocery stores and gyms
Community feel with a population density of 3959.6 per km²
Majority of homes are owner-occupied at 73%

Keep in mind

Median home prices are above the city average
Higher rental prices compared to the city median
Commute relies heavily on cars, with 85.1% driving

The feel of the placeLifestyle

Daily life in Central Erin Mills is vibrant and community-oriented, with many families enjoying local parks and schools.

Great for families first-time buyers professionals

Within the boundaryWhat's nearby

The boundary

9.6 km²

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

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 9.6 km² of Central Erin Mills. From OpenStreetMap, as of 2026-10-19.

The schoolsWhich schools, and how they rate

8.5/10

Average rating of the 5 rated schools in this area

Elementary

Secondary

St Rose of Lima Separate School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
9.9/109.5 over 5 yrs
23rd of 3,045 Ontario elementary schools
255 students · EQAO 2024-2025
John Fraser Secondary School
Public · Grades 9–12 · Peel DSB
8.8/10
29th of 742 Ontario secondary schools
1,715 students · EQAO 2024-2025
Our Lady of Mercy Elementary School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
8.1/107.5 over 5 yrs
299th of 3,045 Ontario elementary schools
225 students · EQAO 2024-2025
Divine Mercy School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
8.0/107.7 over 5 yrs
337th of 3,045 Ontario elementary schools
355 students · EQAO 2024-2025
St Aloysius Gonzaga Secondary School
Catholic · Grades 9–12 · Dufferin-Peel CDSB
7.7/107.6 over 5 yrs
119th of 742 Ontario secondary schools
1,625 students · EQAO 2024-2025
Caledon Campus
Catholic · Grades JK–12 · Dufferin-Peel CDSB
Not rated

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

36,393

Population (2021)

9.2 km²

Area

3,960

People per km²

42.4

Median age

$121,729

Median income

73%

Own their home

3.1

People per household

12,105

Households

Every age

Children (under 15)15.0%
Working age (15–64)68.8%
Seniors (65+)16.1%

What is built here

Detached houses43.5%
Semi-detached3.5%
Townhouses26.4%
Duplexes1.7%
Low-rise apartments1%
High-rise apartments23.4%

Own or rent

73%Owners

27%Renters

Across 12,105 households

When it was built

Mostly 1991–2000

1960 or earlier1%
1961–19803%
1981–199022%
1991–200044%
2001–20058%
2006–20105%
2011–20154%
2016–202112%

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.

58.8%
Born outside Canada: 48.6%
Hold a degree or higher: 55.1%
Employment rate: 8.6%
Commute by transit: 85.1%
Commute by car: 1.8
Children per family: $104,342
Median income after tax: $145,321
Average household income: 11%
Living on a low income: $2,153/mo
Renters pay, per month: $1,723/mo
Owners pay, per month: $1,039,239
Median home value at census: 38.7%
Renters spending 30%+ of income on housing: 23.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 44 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 in Central Erin Mills actually rent for

At least 546 condos were leased in Central Erin Mills over the 12 months to September 2026. Half leased above $2,656 and half below, 1.0% lower than the 12 months before. A typical condo found its tenant in 19 days.

10 of the last 12 months had at least 5 closed condos sales in Central Erin Mills. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median rent: $2,656; -1.0% year over year
Days to lease: 19; 1 day quicker
Leases closed: 546; last 12 months
Rent per square foot: $3.41/mo; from 536 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.

$3,283$2,882$2,481$2,080

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: 7.3%

From 546 leases that closed here in the last 12 months.

Rent or buy in Central Erin Mills

16.6 years

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

Median sold price

$528,915

118 sales

Median rent

$2,656/mo

546 leases

Gross rental yield

6.03%

before costs

Both figures come from deals that actually closed in Central Erin Mills 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 — Central Erin Mills, rentals

Monthly closed leases in Central Erin Mills
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	32	$2,900	$2,388 – $3,000	13	100.0%
Aug 2026	58	$2,825	$2,400 – $3,000	9	100.0%
Jul 2026	51	$2,600	$2,250 – $2,900	14	100.0%
Jun 2026	47	$2,890	$2,450 – $3,000	13	100.0%
May 2026	36	$2,800	$2,338 – $2,900	24	100.0%
Apr 2026	44	$2,400	$2,250 – $2,800	20	100.0%
Mar 2026	43	$2,499	$2,213 – $2,800	20	100.0%
Feb 2026	34	$2,425	$2,163 – $2,700	23	99.2%
Jan 2026	40	$2,625	$2,300 – $2,750	28	100.0%
Dec 2025	41	$2,600	$2,200 – $2,800	31	100.0%
Nov 2025	66	$2,600	$2,262 – $2,795	16	100.0%
Oct 2025	54	$2,700	$2,200 – $2,888	24	100.0%
Sep 2025	55	$2,650	$2,275 – $2,875	12	100.0%
Aug 2025	61	$2,799	$2,300 – $2,900	13	100.0%
Jul 2025	85	$2,600	$2,300 – $2,900	13	100.0%
Jun 2025	59	$2,650	$2,300 – $2,900	24	100.0%
May 2025	46	$2,625	$2,363 – $2,900	21	100.0%
Apr 2025	29	$2,800	$2,350 – $3,000	20	100.0%
Mar 2025	45	$2,750	$2,450 – $2,950	33	98.9%
Feb 2025	16	$2,475	$2,400 – $2,763	30	100.0%
Jan 2025	24	$2,550	$2,388 – $2,956	20	100.0%
Dec 2024	20	$2,638	$2,388 – $3,063	27	100.0%
Nov 2024	24	$2,923	$2,613 – $3,063	27	100.0%
Oct 2024	17	$2,799	$2,500 – $3,100	21	100.0%
Sep 2024	35	$3,000	$2,500 – $3,200	15	100.0%
Aug 2024	54	$3,000	$2,563 – $3,200	21	100.0%
Jul 2024	55	$3,000	$2,613 – $3,200	31	100.0%
Jun 2024	28	$2,988	$2,638 – $3,100	35	100.0%
May 2024	24	$2,725	$2,588 – $2,925	34	100.0%
Apr 2024	23	$3,050	$2,800 – $3,100	35	100.0%
Mar 2024	14	$2,863	$2,581 – $3,038	29	100.0%
Feb 2024	10	$2,800	$2,520 – $2,894	34	100.0%
Jan 2024	16	$2,850	$2,638 – $3,000	16	100.0%
Dec 2023	9	$3,000	$2,600 – $3,100	13	100.0%
Nov 2023	10	$2,850	$2,650 – $3,111	8	100.0%
Oct 2023	10	$2,800	$2,635 – $3,000	14	100.0%

What people ask about Central Erin Mills

How much does a condo cost in Central Erin Mills?

Condos in Central Erin Mills sold for a median of $528,915 over the 12 months to September 2026, across at least 118 closed sales — half sold for more and half for less. That is 7.7% lower than the 12 months before it.

How long does it take to sell a condo in Central Erin Mills?

A condo in Central Erin Mills took a median of 35 days on the market over the 12 months to September 2026. Condos there closed at 98.2% of the asking price on average, with 15.3% selling over asking.

How much is rent for a condo in Central Erin Mills?

The median condo lease in Central Erin Mills closed at $2,656 a month over the 12 months to September 2026, across at least 546 leases.

Is it cheaper to rent or buy a condo in Central Erin Mills?

A condo in Central Erin Mills costs about 16.6 years of the rent on one — the median price of $528,915 against a median rent of $2,656 a month, a gross yield of 6.03%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Central Erin Mills 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.