Condos for Rent in Central Newmarket, Newmarket, ON
Loading homes in Central Newmarket…
No listings match these filters in this area.
Try zooming out or widening your filters.
Neighbourhood in Newmarket
Central Newmarket
Central Newmarket is a vibrant neighbourhood in Newmarket, Ontario. It offers a mix of residential options and local amenities, making it appealing for families and individuals alike.
At a glance
Unit 407, 52 Prospect Street
Newmarket (Central Newmarket)
Listed today
- 2Bedrooms
- 2Bathrooms
- 1Parking
- 700~799Sq.Ft.
Condo ApartmentFor Rent
Unit 402, 52 Prospect Street
Newmarket (Central Newmarket)
Listed today
- 2Bedrooms
- 2Bathrooms
- 1Parking
- 700~799Sq.Ft.
Condo ApartmentFor Rent
Unit 401, 52 Prospect Street
Newmarket (Central Newmarket)
Listed today
- 1Bedroom
- 1Bathroom
- 1Parking
- 500~599Sq.Ft.
Condo ApartmentFor Rent
Unit 201, 52 Prospect Street
Newmarket (Central Newmarket)
Listed today
- 1Bedroom
- 1Bathroom
- 1Parking
- 500~599Sq.Ft.
Condo ApartmentFor Rent
Day to dayLivability
6.1
Schools near listings
out of 10 · averaged over 1,365 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
$849,450
In Central Newmarket
$849,450
In Newmarket
$998,000
In Ontario
$709,900
Median monthly rent
$2,299/mo
In Central Newmarket
$2,299
In Newmarket
$2,200
In Ontario
$2,500
≈ 30.8 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
60
Median $849,450
Houses 39 · Condos 21
For rent
29
Median $2,299
Houses 19 · Condos 10
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-25. 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
- Strong community with many families
- Median rent is below city average
- Access to multiple parks for recreation
- Good school ratings for local elementary schools
Keep in mind
- Housing prices are above provincial median
- Higher renter strain compared to owners
The feel of the placeLifestyle
Daily life in Central Newmarket is relaxed and family-oriented. Residents enjoy easy access to parks, schools, and local shops.
Within the boundaryWhat's nearby
The boundary
4.3 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
13
Parks
16
Playgrounds
3
Grocery stores
24
Restaurants
3
Cafés
3
Gyms
1
Libraries
5
Pharmacies
Counted across all 4.3 km² of Central Newmarket. From OpenStreetMap, as of 2026-10-26.
The schoolsWhich schools, and how they rate
6.9/10
Average rating of the 3 rated schools in this area
5
Elementary
St Paul Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
7.5/10571st of 3,045 Ontario elementary schools
150 students · EQAO 2024-2025
Rogers Public School
Public · Grades JK–8 · York Region DSB
7.0/106.9 over 5 yrs888th of 3,045 Ontario elementary schools
420 students · EQAO 2024-2025
Stuart Scott Public School
Public · Grades JK–8 · York Region DSB
6.3/105.9 over 5 yrs1,366th of 3,045 Ontario elementary schools
200 students · EQAO 2024-2025
J L R Bell Public School
Public · Grades JK–5 · York Region DSB
Not rated
135 students · EQAO 2024-2025
York Academy 4323
Public · Grades JK–12 · York Region DSB
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Central Newmarket, 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
10,797
Population (2021)
4.1 km²
Area
2,610
People per km²
47.5
Median age
$85,560
Median income
62%
Own their home
2.3
People per household
4,765
Households
Every age
- Children (under 15)12.4%
- Working age (15–64)63.5%
- Seniors (65+)24.1%
What is built here
- Detached houses48.4%
- Semi-detached1.4%
- Townhouses3.5%
- Duplexes9.4%
- Low-rise apartments13.3%
- High-rise apartments24.3%
Own or rent
62%Owners
38%Renters
Across 4,765 households
When it was built
Mostly 1961–1980
- 1960 or earlier32%
- 1961–198040%
- 1981–19909%
- 1991–20008%
- 2001–20051%
- 2006–20100%
- 2011–20151%
- 2016–20216%
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.
- 24.1%
- Born outside Canada
- 26.6%
- Hold a degree or higher
- 55.4%
- Employment rate
- 5.3%
- Commute by transit
- 86.8%
- Commute by car
- 1.6
- Children per family
- $75,023
- Median income after tax
- $105,012
- Average household income
- 11.3%
- Living on a low income
- $1,392/mo
- Renters pay, per month
- $1,547/mo
- Owners pay, per month
- $782,356
- Median home value at census
- 32.7%
- Renters spending 30%+ of income on housing
- 18.9%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 20 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
What condos in Central Newmarket actually rent for
At least 46 condos were leased in Central Newmarket over the 12 months to September 2026. Half leased above $2,303 and half below, 2.8% lower than the 12 months before. A typical condo found its tenant in 28 days — 12 days slower than a year ago.
3 of the last 12 months had at least 5 closed condos sales in Central Newmarket. 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
- $2,303
- -2.8% year over year
- Days to lease
- 28
- 12 days slower
- Leases closed
- 46
- last 12 months
- Rent per square foot
- $3.36/mo
- from 46 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.
What renters actually paid
$2,997/mo
on a $3,000 asking rent — under ask by $3
- Of the asking rent
- 99.9%
- Leased over asking
- 2.2%
From 46 leases that closed here in the last 12 months.
Rent or buy in Central Newmarket
18.5 years
of rent, at the going rate here, adds up to what a condo here costs.
Median sold price
$510,625
16 sales
Median rent
$2,303/mo
46 leases
Gross rental yield
5.41%
before costs
Both figures come from deals that actually closed in Central Newmarket 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.
Terracotta marks the last 12 months.
Every month behind these charts — Central Newmarket, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Aug 2026 | 12 | $2,425 | $2,288 – $2,638 | 27 | 100.0% |
| Jul 2026 | 6 | $2,325 | $2,300 – $2,388 | 16 | 100.0% |
| May 2026 | 6 | $2,300 | $2,300 – $3,081 | 23 | 99.3% |
| Mar 2026 | 14 | $2,250 | $2,150 – $2,338 | 32 | 100.0% |
| Feb 2026 | 8 | $2,200 | $2,088 – $2,388 | 37 | 100.0% |
| Aug 2025 | 5 | $2,350 | $2,300 – $2,600 | 13 | 100.0% |
| Jul 2025 | 7 | $2,350 | $2,300 – $2,825 | 9 | 100.0% |
| Jun 2025 | 6 | $2,375 | $2,313 – $2,850 | 23 | 97.9% |
| May 2025 | 7 | $2,400 | $2,373 – $2,750 | 20 | 100.0% |
| Aug 2024 | 7 | $2,500 | $2,400 – $2,625 | 36 | 100.0% |
| Jul 2024 | 10 | $2,350 | $2,258 – $2,681 | 21 | 100.0% |
| Jun 2024 | 6 | $2,850 | $2,463 – $2,975 | 33 | 100.0% |
| May 2024 | 12 | $2,494 | $2,300 – $2,775 | 48 | 100.0% |
| Apr 2024 | 36 | $2,250 | $2,138 – $2,300 | 35 | 100.0% |
| Mar 2024 | 16 | $2,175 | $2,100 – $2,263 | 35 | 100.0% |
| Feb 2024 | 9 | $2,200 | $2,200 – $2,300 | 27 | 100.0% |
What people ask about Central Newmarket
How much does a condo cost in Central Newmarket?
Condos in Central Newmarket sold for a median of $510,625 over the 12 months to September 2026, across at least 16 closed sales — half sold for more and half for less. That is 6.4% lower than the 12 months before it.
How long does it take to sell a condo in Central Newmarket?
A condo in Central Newmarket took a median of 51 days on the market over the 12 months to September 2026. Condos there closed at 97.3% of the asking price on average, with 12.5% selling over asking.
How much is rent for a condo in Central Newmarket?
The median condo lease in Central Newmarket closed at $2,303 a month over the 12 months to September 2026, across at least 46 leases.
Is it cheaper to rent or buy a condo in Central Newmarket?
A condo in Central Newmarket costs about 18.5 years of the rent on one — the median price of $510,625 against a median rent of $2,303 a month, a gross yield of 5.41%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Central Newmarket 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.