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City in Ontario

Homes for rent under $1M in Mississauga

1,123 homes in Mississauga are listed for rent under $1M, which is 100% of everything for rent. Condo apartments are the largest group, and the most active neighbourhoods are City Centre and Hurontario.

diverse transit-friendly active

717,204 people lived in Mississauga at the 2021 Census, in 244,355 households. 70% of households owned their home and 29% rented. The most common homes were single-detached houses (37%) and apartments in buildings of five or more storeys (27%). 38% of homes were built before 1981, and 7% since 2011. 83% of commuters went to work by car and 11% by public transit.

Population of 717,961 Walkability score: 69

Mississauga, Ontario

Homes for Rent in Mississauga Under $1M

Day to dayLivability

Walkability

out of 100 · averaged over 565,727 past and present listings

Average walk score reported on listings here

6.8

Schools near listings

out of 10 · averaged over 565,727 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

$879,900

23% above Ontario

In Mississauga

$879,900

In Ontario

$716,900

Median monthly rent

$2,700/mo

8% above Ontario

In Mississauga

$2,700

In Ontario

$2,499

$800

Per square foot

≈ 27.2 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

2,393

Median $879,900

Houses 1,206 · Condos 1,186

For rent

1,122

Median $2,700

Condos 577 · Houses 537

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

Diverse community
Good transit access
Variety of housing options
Relatively high walkability

Keep in mind

Prices are above the provincial median
Limited parks and schools

The feel of the placeLifestyle

Daily life in Mississauga is active, with many transit options available. Residents enjoy a mix of urban and suburban living.

Great for first-time buyers commuters families

Within the boundaryWhat's nearby

The boundary

290.5 km²

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

425

Parks

622

Playgrounds

Transit stations

136

Grocery stores

635

Restaurants

225

Cafés

103

Gyms

Libraries

176

Pharmacies

Counted across all 290.5 km² of Mississauga. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.8/10

Average rating of the 132 rated schools in this area

247

Elementary

Secondary

Khalsa School Malton
Independent · TO Private Inspected
10.0/109.7 over 5 yrs
1st of 3,045 Ontario elementary schools
24 students
St Edmund Separate School
Catholic · Grades JK–8 · Dufferin-Peel CDSB
10.0/109.0 over 5 yrs
1st of 3,045 Ontario elementary schools
400 students · EQAO 2024-2025
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
Kenollie Public School
Public · Grades JK–8 · Peel DSB
9.7/10
29th of 3,045 Ontario elementary schools
185 students · EQAO 2024-2025
Olive Grove
Independent · TO Private Non-Inspected
9.7/10
29th of 3,045 Ontario elementary schools
94 students
Olive Grove High School
Independent · n/a
9.4/10
7th of 742 Ontario secondary schools

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

717,204

Population (2021)

292.4 km²

Area

2,453

People per km²

41.5

Median age

$112,315

Median income

70%

Own their home

People per household

244,355

Households

Every age

Children (under 15)15.2%
Working age (15–64)68.1%
Seniors (65+)16.6%

What is built here

Detached houses37%
Semi-detached10.9%
Townhouses14%
Duplexes3.2%
Low-rise apartments7.1%
High-rise apartments27.3%

Own or rent

70%Owners

29%Renters

Across 244,355 households

When it was built

Mostly 1961–1980

1960 or earlier7%
1961–198031%
1981–199020%
1991–200019%
2001–20059%
2006–20106%
2011–20154%
2016–20213%

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.

53.2%
Born outside Canada: 38.2%
Hold a degree or higher: 55%
Employment rate: 11.2%
Commute by transit: 82.7%
Commute by car: 1.8
Children per family: $97,174
Median income after tax: $131,181
Average household income: 9.4%
Living on a low income: $1,792/mo
Renters pay, per month: $1,766/mo
Owners pay, per month: $939,217
Median home value at census: 29.9%
Renters spending 30%+ of income on housing: 23.1%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 968 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 homes for rent under $1M in Mississauga

How many homes in Mississauga rent for under $1M?

1,123 homes in Mississauga are listed for rent under $1M today, 100% of the 1,122 homes for rent. Their median rent is $2,700/mo.

All rentals in Mississauga

What kind of home can I rent in Mississauga for under $1M?

Under $1M, Mississauga has condo apartments (447), detached houses (300) and semi-detached homes (128) for rent. Most have 1 to 4 bedrooms.

Condos for rent in Mississauga

Keep looking

More Rentals in Mississauga

1,122 homes are for rent in Mississauga. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.