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City in Ontario

Townhouses for rent in Mississauga

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

There are 134 townhouses for rent in Mississauga today, with a median rent of $3,250/mo (+20% vs. all rentals in Mississauga). The most active neighbourhoods are Churchill Meadows, Applewood and Erin Mills.

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

Mississauga Townhouse Rentals

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

$882,500

23% above Ontario

In Mississauga

$882,500

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

2,410

Median $882,500

Houses 1,217 · Condos 1,192

For rent

1,095

Median $2,700

Condos 564 · Houses 523

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)

HOMEH Market Pulse Townhouses only Through September 2026 Deep sales history

What townhouses in Mississauga actually rent for

1,202 townhouses were leased in Mississauga over the 12 months to September 2026. Half leased above $3,087 and half below, 2.9% lower than the 12 months before. A typical townhouse found its tenant in 23 days.

Median rent: $3,087; -2.9% year over year
Days to lease: 23; Unchanged
Leases closed: 1,202; last 12 months
Rent per square foot: $2.23/mo; from 1,176 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.

$4,085$3,553$3,022$2,490

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: 13.6%

From 1,202 leases that closed here in the last 12 months.

Rent or buy in Mississauga

19.7 years

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

Median sold price

$728,873

1,072 sales

Median rent

$3,087/mo

1,202 leases

Gross rental yield

5.08%

before costs

Both figures come from deals that actually closed in Mississauga 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 Mississauga

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

1,202leases

Condo town$3,03280.5%
Freehold town$3,31619.5%

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 — Mississauga, rentals

Monthly closed leases in Mississauga
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	101	$3,237	$2,950 – $3,625	15	100.0%
Aug 2026	106	$3,167	$2,763 – $3,650	16	100.0%
Jul 2026	119	$3,180	$2,863 – $3,500	17	100.0%
Jun 2026	110	$3,057	$2,800 – $3,500	17	100.0%
May 2026	115	$3,131	$2,800 – $3,525	21	100.0%
Apr 2026	108	$3,069	$2,675 – $3,450	25	100.0%
Mar 2026	113	$2,978	$2,600 – $3,500	25	100.0%
Feb 2026	83	$2,967	$2,650 – $3,500	28	100.0%
Jan 2026	97	$2,993	$2,650 – $3,500	34	100.0%
Dec 2025	73	$3,049	$2,750 – $3,800	25	100.0%
Nov 2025	85	$3,011	$2,700 – $3,600	25	100.0%
Oct 2025	92	$3,160	$2,850 – $3,400	22	100.0%
Sep 2025	115	$3,066	$2,750 – $3,673	23	100.0%
Aug 2025	112	$3,186	$2,850 – $3,548	25	100.0%
Jul 2025	142	$3,238	$2,900 – $3,525	19	100.0%
Jun 2025	123	$3,202	$2,875 – $3,625	19	100.0%
May 2025	128	$3,227	$2,800 – $3,500	21	100.0%
Apr 2025	139	$3,091	$2,750 – $3,713	18	100.0%
Mar 2025	109	$3,208	$2,825 – $3,500	24	100.0%
Feb 2025	73	$3,124	$2,825 – $3,625	30	99.5%
Jan 2025	87	$3,172	$2,838 – $3,650	28	100.0%
Dec 2024	66	$3,164	$2,850 – $3,500	28	100.0%
Nov 2024	86	$3,251	$2,960 – $3,650	24	100.0%
Oct 2024	103	$3,217	$2,850 – $3,788	19	100.0%
Sep 2024	115	$3,255	$2,913 – $3,700	19	100.0%
Aug 2024	176	$3,366	$3,000 – $3,975	27	100.0%
Jul 2024	141	$3,353	$2,950 – $3,800	33	100.0%
Jun 2024	92	$3,165	$2,800 – $3,600	40	100.0%
May 2024	80	$3,073	$2,850 – $3,600	32	100.0%
Apr 2024	93	$3,140	$2,800 – $3,638	34	100.0%
Mar 2024	60	$3,255	$2,800 – $3,600	27	100.0%
Feb 2024	18	$3,250	$2,838 – $3,438	29	100.0%
Jan 2024	28	$3,225	$3,000 – $3,399	22	100.0%
Dec 2023	26	$3,223	$3,000 – $3,388	27	100.0%
Nov 2023	22	$3,100	$2,915 – $3,300	24	100.0%
Oct 2023	21	$3,300	$2,950 – $3,500	10	100.0%

What people ask about Mississauga

How much is rent for a townhouse in Mississauga?

The median townhouse lease in Mississauga closed at $3,087 a month over the 12 months to September 2026, across 1,202 leases.

Compiled by HOMEH from leases reported closed in Mississauga 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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1,095 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.

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