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Neighbourhood in Newmarket

Homes for rent in Central Newmarket

family-friendly community-focused suburban

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.

Diverse housing options available Many local parks and playgrounds Good schools with above-average ratings Variety of restaurants and cafes Close-knit community feel

At a glance

Photo of Unit 407, 52 Prospect Street

Unit 407, 52 Prospect Street

Newmarket (Central Newmarket)

For RentNew Listing
Listed for:

Listed 1 day ago

$2,450monthly
  • 2Bedrooms
  • 2Bathrooms
  • 1Parking
  • 700~799Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 402, 52 Prospect Street

Unit 402, 52 Prospect Street

Newmarket (Central Newmarket)

For RentNew Listing
Listed for:

Listed 1 day ago

$2,450monthly
  • 2Bedrooms
  • 2Bathrooms
  • 1Parking
  • 700~799Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 401, 52 Prospect Street

Unit 401, 52 Prospect Street

Newmarket (Central Newmarket)

For RentNew Listing
Listed for:

Listed 1 day ago

$2,150monthly
  • 1Bedroom
  • 1Bathroom
  • 1Parking
  • 500~599Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit 201, 52 Prospect Street

Unit 201, 52 Prospect Street

Newmarket (Central Newmarket)

For RentNew Listing
Listed for:

Listed 1 day ago

$2,300monthly
  • 1Bedroom
  • 1Bathroom
  • 1Parking
  • 500~599Sq.Ft.

Condo ApartmentFor Rent

Photo of Unit Main, 76 Gladman Avenue

Unit Main, 76 Gladman Avenue

Newmarket (Central Newmarket)

For RentNew Listing
Listed for:

Listed 1 day ago

$2,950monthly
  • 3Bedrooms
  • 2Bathrooms
  • 0Garage
  • 1.1K~1.5KSq.Ft.

DetachedFor Rent

Photo of Unit 103, 543 Timothy Street

Unit 103, 543 Timothy Street

Newmarket (Central Newmarket)

For RentNew Listing
Listed for:

Listed 1 day ago

$2,800monthly
  • 1+1Bedrooms
  • 1Bathroom
  • 2Parking
  • 900~999Sq.Ft.

Co-op 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

15% below Newmarket 20% above Ontario

In Central Newmarket

$849,450

In Newmarket

$998,000

In Ontario

$709,900

Median monthly rent

$2,299/mo

5% above Newmarket 8% below Ontario

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

59

Median $849,450

Houses 39 · Condos 20

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.

Great for families first-time buyers young professionals

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

    7.5/10

    571st 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 yrs

    888th 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 yrs

    1,366th 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

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Central Newmarket actually rent for

187 homes were leased in Central Newmarket over the 12 months to September 2026. Half leased above $2,301 and half below, 8.4% lower than the 12 months before. A typical home found its tenant in 28 days — 7 days slower than a year ago.

Median rent
$2,301
-8.4% year over year
Days to lease
28
7 days slower
Leases closed
187
last 12 months
Rent per square foot
$2.53/mo
from 172 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 home here differs from the next.

$3,430$2,803$2,176$1,549
Oct ’23Oct ’24Sep ’25Sep ’26
Median rent Middle half of leases

What renters actually paid

$2,996/mo

on a $3,000 asking rent — under ask by $4

−10%Asking rent+10%
Of the asking rent
99.9%
Leased over asking
9.6%

From 187 leases that closed here in the last 12 months.

Rent or buy in Central Newmarket

28.3 years

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

Median sold price

$780,248

139 sales

Median rent

$2,301/mo

187 leases

Gross rental yield

3.54%

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.

What actually rents in Central Newmarket

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

187leases
  • Detached$2,20642.8%
  • Condo apartment$2,30324.6%
  • Other kinds, too few of each —32.6%

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 — Central Newmarket, rentals
Monthly closed leases in Central Newmarket
MonthClosedMedianMiddle halfDays% of ask
Sep 202615$2,500$2,000 – $2,92530100.0%
Aug 202618$2,350$2,213 – $2,71328100.0%
Jul 202621$2,300$1,700 – $2,75018100.0%
Jun 202613$2,200$2,000 – $2,75033100.0%
May 202620$2,275$1,875 – $2,42531100.0%
Apr 202610$2,550$2,150 – $3,0503198.4%
Mar 202627$2,250$2,050 – $2,67524100.0%
Feb 202621$2,250$2,000 – $2,65037100.0%
Jan 202611$1,990$1,800 – $2,32539100.0%
Dec 20258$2,100$1,925 – $2,6631898.9%
Nov 202513$2,495$2,200 – $3,30018100.0%
Oct 202510$2,348$2,213 – $3,17439100.0%
Sep 202510$2,325$1,679 – $2,65027100.0%
Aug 202513$2,300$2,200 – $2,60018100.0%
Jul 202518$2,825$2,413 – $3,27510100.0%
Jun 202518$2,788$2,363 – $3,08821100.0%
May 202513$2,400$2,250 – $2,70027100.0%
Apr 202514$2,700$2,249 – $3,22521100.0%
Mar 20258$2,625$2,238 – $3,07525100.0%
Feb 202510$2,400$2,250 – $2,71326100.0%
Jan 202510$2,450$2,375 – $2,81522100.0%
Dec 202410$2,050$1,950 – $2,40029100.0%
Nov 202411$2,700$2,575 – $2,97516100.0%
Oct 20245$1,790$1,700 – $2,40021100.0%
Sep 202413$2,500$1,895 – $2,85014100.0%
Aug 202418$2,500$2,325 – $2,75029100.0%
Jul 202417$2,300$2,150 – $2,75025100.0%
Jun 202414$2,850$2,100 – $3,07535100.0%
May 202416$2,650$2,300 – $2,90048100.0%
Apr 202442$2,250$2,113 – $2,33835100.0%
Mar 202421$2,200$2,100 – $2,30038100.0%
Feb 202418$2,300$2,200 – $3,00025100.0%
Jan 20245$2,100$1,900 – $2,15013100.0%
Dec 20235$2,650$1,890 – $2,80030100.0%
Nov 20238$2,550$2,033 – $2,86310100.0%
Oct 20234 Not enough leases this month to report a median

1 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Central Newmarket

How much does a home cost in Central Newmarket?

Homes in Central Newmarket sold for a median of $780,248 over the 12 months to September 2026, across 139 closed sales — half sold for more and half for less. That is 0.8% higher than the 12 months before it.

How long does it take to sell a home in Central Newmarket?

A home in Central Newmarket took a median of 29 days on the market over the 12 months to September 2026. Homes there closed at 96.7% of the asking price on average, with 13.7% selling over asking.

How much is rent in Central Newmarket?

The median lease in Central Newmarket closed at $2,301 a month over the 12 months to September 2026, across 187 leases.

Is it cheaper to rent or buy in Central Newmarket?

A home in Central Newmarket costs about 28.3 years of the rent on one — the median price of $780,248 against a median rent of $2,301 a month, a gross yield of 3.54%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in Central Newmarket?

Over the 12 months to September 2026 the mix in Central Newmarket was detached (49.6% of sales, median $860,848) and condo apartment (11.5% of sales, median $510,625).

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 home. Not an appraisal or an opinion of value.

Condos in Central Newmarket

A condo here is 1.7× cheaper than detached houses

Half the condo apartments that changed hands in Central Newmarket over the 12 months to September 2026 sold above $510,625. The neighbourhood's median across every kind of home was $780,248 — one number, two markets.

Condo apartment$510,625
Detached$860,848

Median closed prices over the 12 months to September 2026, from 139 sales in Central Newmarket. Medians describe the group, never one home.

Median condo sold price
$511K
16 closed sales
Median condo rent
$2,303/mo
46 leases
Days to sell
51
median, condo apartments
Share of all sales
12%
of everything that closed here