Condos for Rent in City Centre, Mississauga, ON

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

Loading homes in City Centre…

No listings match these filters in this area.

Try zooming out or widening your filters.

Neighbourhood in Mississauga

City Centre

urban family-friendly diverse active

City Centre is a lively neighbourhood in Mississauga. It offers a mix of residential living and urban amenities.

High walkability score of 92 Close to parks and recreational spaces Good access to schools and libraries Strong community with a population of 27,320

City Centre, Mississauga — HOMEH neighbourhood guide

Mississauga, Ontario

Day to dayLivability

Walkability

out of 100 · averaged over 10 past and present listings

Average walk score reported on listings here

6.3

Schools near listings

out of 10 · averaged over 13,226 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

$519,000

41% below Mississauga 28% below Ontario

In City Centre

$519,000

In Mississauga

$879,000

In Ontario

$717,000

Median monthly rent

$2,600/mo

4% below Mississauga 4% above Ontario

In City Centre

$2,600

In Mississauga

$2,700

In Ontario

$2,500

$603

Per square foot

≈ 16.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

304

Median $519,000

Condos 303 · Houses 1

For rent

232

Median $2,600

Condos 230 · Houses 1

Recently sold

Recently leased

Market data as of 2026-10-10. 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 for walking and biking
Variety of shops and cafes nearby
Family-friendly with schools and parks
Diverse community with many immigrants

Keep in mind

Housing prices are above the city median
Higher rent prices compared to some areas

The feel of the placeLifestyle

Residents enjoy a vibrant urban lifestyle with easy access to amenities. Daily life is active and community-focused.

Great for young professionals families first-time buyers

Within the boundaryWhat's nearby

The boundary

2.2 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 2.2 km² of City Centre. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

Elementary

Secondary

Fairview Public School
Public · Peel DSB
Not rated
Greenbriar High School
Independent
Not rated
Spark Asher Academy
Independent
Not rated
Toronto International Oslife School
Independent
Not rated

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

27,320

Population (2021)

3.2 km²

Area

8,609

People per km²

Median age

$76,585

Median income

54%

Own their home

2.2

People per household

12,255

Households

Every age

Children (under 15)15.4%
Working age (15–64)71.4%
Seniors (65+)13.2%

What is built here

Detached houses1.7%
Semi-detached1.1%
Townhouses1.5%
Duplexes0.5%
Low-rise apartments1%
High-rise apartments94.2%

Own or rent

54%Owners

46%Renters

Across 12,255 households

When it was built

Mostly 2006–2010

1960 or earlier1%
1961–19805%
1981–199015%
1991–200012%
2001–200515%
2006–201028%
2011–201518%
2016–20217%

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.

60.6%
Born outside Canada: 52.9%
Hold a degree or higher: 56.3%
Employment rate: 16.1%
Commute by transit: 76.9%
Commute by car: 1.6
Children per family: $67,356
Median income after tax: $85,337
Average household income: 20.4%
Living on a low income: $2,064/mo
Renters pay, per month: $1,786/mo
Owners pay, per month: $549,575
Median home value at census: 53.1%
Renters spending 30%+ of income on housing: 40.3%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 11 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 City Centre actually rent for

3,677 condos were leased in City Centre over the 12 months to September 2026. Half leased above $2,370 and half below, 3.8% lower than the 12 months before. A typical condo found its tenant in 19 days — 2 days quicker than a year ago.

Median rent: $2,370; -3.8% year over year
Days to lease: 19; 2 days quicker
Leases closed: 3,677; last 12 months
Rent per square foot: $3.40/mo; from 3,495 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.

$3,072$2,722$2,373$2,023

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 9.1%

From 3,677 leases that closed here in the last 12 months.

Rent or buy in City Centre

16.9 years

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

Median sold price

$481,944

533 sales

Median rent

$2,370/mo

3,677 leases

Gross rental yield

5.9%

before costs

Both figures come from deals that actually closed in City Centre 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 — City Centre, rentals

Monthly closed leases in City Centre
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	260	$2,500	$2,269 – $2,800	14	100.0%
Aug 2026	340	$2,500	$2,300 – $2,793	14	100.0%
Jul 2026	402	$2,400	$2,213 – $2,750	15	100.0%
Jun 2026	359	$2,400	$2,200 – $2,700	16	100.0%
May 2026	337	$2,375	$2,150 – $2,650	17	100.0%
Apr 2026	333	$2,300	$2,100 – $2,600	17	100.0%
Mar 2026	373	$2,300	$2,100 – $2,600	20	100.0%
Feb 2026	272	$2,300	$2,100 – $2,600	24	100.0%
Jan 2026	305	$2,300	$2,100 – $2,530	25	100.0%
Dec 2025	297	$2,250	$2,095 – $2,550	22	100.0%
Nov 2025	202	$2,350	$2,200 – $2,600	19	100.0%
Oct 2025	197	$2,500	$2,250 – $2,750	23	100.0%
Sep 2025	251	$2,500	$2,300 – $2,750	21	100.0%
Aug 2025	369	$2,500	$2,300 – $2,850	18	100.0%
Jul 2025	394	$2,450	$2,300 – $2,800	18	100.0%
Jun 2025	367	$2,400	$2,250 – $2,750	21	100.0%
May 2025	363	$2,400	$2,200 – $2,700	18	100.0%
Apr 2025	312	$2,400	$2,250 – $2,750	18	100.0%
Mar 2025	301	$2,450	$2,250 – $2,700	25	100.0%
Feb 2025	209	$2,450	$2,250 – $2,650	24	100.0%
Jan 2025	221	$2,475	$2,300 – $2,775	23	100.0%
Dec 2024	170	$2,550	$2,313 – $2,838	23	100.0%
Nov 2024	188	$2,500	$2,350 – $2,800	22	100.0%
Oct 2024	168	$2,650	$2,450 – $2,900	18	100.0%
Sep 2024	239	$2,650	$2,500 – $2,950	22	100.0%
Aug 2024	439	$2,700	$2,500 – $3,000	26	100.0%
Jul 2024	327	$2,600	$2,498 – $3,000	26	100.0%
Jun 2024	215	$2,600	$2,450 – $2,950	35	100.0%
May 2024	211	$2,600	$2,450 – $2,900	36	100.0%
Apr 2024	213	$2,575	$2,400 – $2,900	35	100.0%
Mar 2024	144	$2,550	$2,400 – $2,800	34	100.0%
Feb 2024	70	$2,575	$2,381 – $2,800	27	100.0%
Jan 2024	84	$2,600	$2,498 – $2,850	21	100.0%
Dec 2023	98	$2,700	$2,500 – $2,900	21	100.0%
Nov 2023	106	$2,650	$2,500 – $2,900	18	100.0%
Oct 2023	138	$2,700	$2,550 – $3,000	12	100.0%

What people ask about City Centre

How much does a condo cost in City Centre?

Condos in City Centre sold for a median of $481,944 over the 12 months to September 2026, across 533 closed sales — half sold for more and half for less. That is 10.1% lower than the 12 months before it.

How long does it take to sell a condo in City Centre?

A condo in City Centre took a median of 32 days on the market over the 12 months to September 2026. Condos there closed at 96.7% of the asking price on average, with 17.3% selling over asking.

How much is rent for a condo in City Centre?

The median condo lease in City Centre closed at $2,370 a month over the 12 months to September 2026, across 3,677 leases.

Is it cheaper to rent or buy a condo in City Centre?

A condo in City Centre costs about 16.9 years of the rent on one — the median price of $481,944 against a median rent of $2,370 a month, a gross yield of 5.90%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in City Centre 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.