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City in Ontario
Homes for rent under $1M in Muskoka Lakes
4 homes in Muskoka Lakes are listed for rent under $1M, which is 100% of everything for rent. Most are detached houses, and the most active neighbourhoods are Medora and Watt.
7,652 people lived in Muskoka Lakes at the 2021 Census, in 3,515 households. 92% of households owned their home and 9% rented. The most common homes were single-detached houses (97%) and duplex apartments (1%). 56% of homes were built before 1981, and 8% since 2011. 94% of commuters went to work by car and 0% by public transit.
Muskoka Lakes, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Homes for Rent in Muskoka Lakes Under $1M
Listed 23 days ago
1016 Mill Street
Muskoka Lakes (Medora), ON P0C 1A0
DetachedFor Rent
Listed 29 days ago
Unit #8, 1006 Youngs Road
Muskoka Lakes (Medora), ON P0B 1J0
DetachedFor Rent
Day to dayLivability
10
Walkability
out of 100 · averaged over 110 past and present listings
Average walk score reported on listings here
5.9
Schools near listings
out of 10 · averaged over 110 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
$849,000
In Muskoka Lakes
$849,000
In Ontario
$716,900
Median monthly rent
$4,000/mo
In Muskoka Lakes
$4,000
In Ontario
$2,499
$743
Per square foot
≈ 17.7 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
215
Median $849,000
Houses 187 · Condos 28
For rent
4
Median $4,000
Houses 4
Recently sold
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Recently leased
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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
- High walkability score
- Diverse housing options available
- Beautiful natural environment
Keep in mind
- High median sale price
- Limited rental options
The feel of the placeLifestyle
Daily life in Muskoka Lakes is relaxed, with access to nature. It is a peaceful place to live.
Within the boundaryWhat's nearby
The boundary
1,006.5 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
19
Parks
4
Playgrounds
2
Grocery stores
15
Restaurants
4
Cafés
4
Gyms
1
Libraries
Counted across all 1,006.5 km² of Muskoka Lakes. From OpenStreetMap, as of 2026-10-19.
The schoolsWhich schools, and how they rate
5.9/10
Average rating of the 1 rated school in this area
3
Elementary
Glen Orchard Public School
Public · Grades JK–8 · Trillium Lakelands DSB
5.9/104.8 over 5 yrs1,664th of 3,045 Ontario elementary schools
225 students · EQAO 2024-2025
Watt PS
Public · Trillium Lakelands DSB
Not rated
Watt Public School
Public · Grades JK–8 · Trillium Lakelands DSB
Not rated
125 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Muskoka Lakes, 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
7,652
Population (2021)
774.5 km²
Area
10
People per km²
56.5
Median age
$89,580
Median income
92%
Own their home
2.2
People per household
3,515
Households
Every age
- Children (under 15)10.3%
- Working age (15–64)58.3%
- Seniors (65+)31.4%
What is built here
- Detached houses97%
- Duplexes1.4%
- Low-rise apartments0.7%
Own or rent
92%Owners
9%Renters
Across 3,515 households
When it was built
Mostly 1961–1980
- 1960 or earlier28%
- 1961–198029%
- 1981–199014%
- 1991–200010%
- 2001–20055%
- 2006–20105%
- 2011–20155%
- 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.
- 7.2%
- Born outside Canada
- 24%
- Hold a degree or higher
- 53.5%
- Employment rate
- 0%
- Commute by transit
- 94.4%
- Commute by car
- 1.7
- Children per family
- $77,586
- Median income after tax
- $150,828
- Average household income
- 9.7%
- Living on a low income
- $903/mo
- Renters pay, per month
- $1,042/mo
- Owners pay, per month
- $746,705
- Median home value at census
- 7.2%
- Renters spending 30%+ of income on housing
- 15.6%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 12 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)
Common questions about homes for rent under $1M in Muskoka Lakes
How many homes in Muskoka Lakes rent for under $1M?
4 homes in Muskoka Lakes are listed for rent under $1M today, 100% of the 4 homes for rent. Their median rent is $4,000/mo.
All rentals in Muskoka LakesWhat kind of home can I rent in Muskoka Lakes for under $1M?
Under $1M, Muskoka Lakes has detached houses (3) and vacant lot (1) for rent. Most range from studios to 6 bedrooms.
Houses for rent in Muskoka LakesMore Rentals in Muskoka Lakes
4 homes are for rent in Muskoka Lakes. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.