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City in Ontario

Apartments & homes for rent in Newmarket

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

There are 187 rentals in Newmarket, ON, with a median rent of $2,180/mo. 53 are 1-bedroom apartments and units and 55 have 2 bedrooms.

family-friendly community-focused suburban

87,942 people lived in Newmarket at the 2021 Census, in 30,260 households. 76% of households owned their home and 24% rented. The most common homes were single-detached houses (60%) and row houses (13%). 30% of homes were built before 1981, and 12% since 2011. 90% of commuters went to work by car and 4% by public transit.

Population of 84,224 residents Walkability score: 58

Newmarket, Ontario

Newmarket Rentals

Day to dayLivability

Walkability

out of 100 · averaged over 70,277 past and present listings

Average walk score reported on listings here

6.4

Schools near listings

out of 10 · averaged over 70,277 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

$998,940

39% above Ontario

In Newmarket

$998,940

In Ontario

$716,900

Median monthly rent

$2,180/mo

13% below Ontario

In Newmarket

$2,180

In Ontario

$2,499

$662

Per square foot

≈ 38.2 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

304

Median $998,940

Houses 257 · Condos 47

For rent

187

Median $2,180

Houses 166 · Condos 21

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

Good access to parks and recreational areas
Diverse dining options available
Community-oriented with local amenities

Keep in mind

Home prices are above the provincial median
Median rent is close to the provincial average

The feel of the placeLifestyle

Daily life in Newmarket offers a balance of urban and suburban feel. Residents enjoy local amenities and community events.

Great for first-time buyers families young professionals

Within the boundaryWhat's nearby

The boundary

38.7 km²

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

Parks

110

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 38.7 km² of Newmarket. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.4/10

Average rating of the 25 rated schools in this area

Elementary

Secondary

Newmarket High School
Public · Grades 9–12 · York Region DSB
8.5/108.1 over 5 yrs
42nd of 742 Ontario secondary schools
1,515 students · EQAO 2024-2025
Alexander Muir Public School
Public · Grades JK–8 · York Region DSB
7.6/106.7 over 5 yrs
516th of 3,045 Ontario elementary schools
540 students · EQAO 2024-2025
Clearmeadow Public School
Public · Grades JK–8 · York Region DSB
7.6/106.2 over 5 yrs
516th of 3,045 Ontario elementary schools
560 students · EQAO 2024-2025
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
Bogart Public School
Public · Grades JK–8 · York Region DSB
7.3/107.7 over 5 yrs
687th of 3,045 Ontario elementary schools
695 students · EQAO 2024-2025
Sacred Heart Catholic High School
Catholic · Grades 9–12 · York CDSB
7.2/107.0 over 5 yrs
178th of 742 Ontario secondary schools
1,240 students · EQAO 2024-2025

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

87,942

Population (2021)

38.5 km²

Area

2,284

People per km²

42.7

Median age

$116,834

Median income

76%

Own their home

2.9

People per household

30,260

Households

Every age

Children (under 15)16.5%
Working age (15–64)67.6%
Seniors (65+)15.9%

What is built here

Detached houses59.9%
Semi-detached7.4%
Townhouses12.8%
Duplexes6.6%
Low-rise apartments7.7%
High-rise apartments5%
Other attached homes0.6%

Own or rent

76%Owners

24%Renters

Across 30,260 households

When it was built

Mostly 1991–2000

1960 or earlier10%
1961–198020%
1981–199018%
1991–200021%
2001–200510%
2006–20108%
2011–20156%
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.

33.4%
Born outside Canada: 32.5%
Hold a degree or higher: 58.5%
Employment rate: 3.5%
Commute by transit: 90%
Commute by car: 1.7
Children per family: $100,011
Median income after tax: $134,695
Average household income: 7.5%
Living on a low income: $1,917/mo
Renters pay, per month: $1,969/mo
Owners pay, per month: $971,419
Median home value at census: 32.5%
Renters spending 30%+ of income on housing: 21.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 104 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 Through September 2026 Deep sales history

What Rent Costs in Newmarket

1,134 homes were leased in Newmarket over the 12 months to September 2026. Half leased above $2,496 and half below, 8.8% lower than the 12 months before. A typical home found its tenant in 25 days.

Median rent: $2,496; -8.8% year over year
Days to lease: 25; 1 day slower
Leases closed: 1,134; last 12 months
Rent per square foot: $2.01/mo; from 1,063 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.

$3,856$3,102$2,348$1,594

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: 10.8%

From 1,134 leases that closed here in the last 12 months.

Rent or buy in Newmarket

30.9 years

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

Median sold price

$925,809

848 sales

Median rent

$2,496/mo

1,134 leases

Gross rental yield

3.24%

before costs

Both figures come from deals that actually closed in 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 Newmarket

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

1,134leases

Detached$2,64444.4%
Condo apartment$2,16718.2%
Semi-detached$2,44713.9%
Freehold town$3,02310.3%
Condo town$2,7125.6%
Other kinds of home$2,0501.4%
Multiplex$1,7501.1%
Other kinds, too few of each —5.1%

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 — Newmarket, rentals

Monthly closed leases in Newmarket
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	73	$2,500	$1,850 – $3,000	27	100.0%
Aug 2026	117	$2,650	$2,150 – $3,200	22	100.0%
Jul 2026	120	$2,800	$1,990 – $3,200	25	100.0%
Jun 2026	93	$2,690	$1,900 – $3,100	21	100.0%
May 2026	101	$2,400	$1,950 – $3,200	20	100.0%
Apr 2026	63	$2,800	$2,050 – $3,125	27	100.0%
Mar 2026	117	$2,200	$1,900 – $2,900	25	100.0%
Feb 2026	106	$2,100	$1,858 – $2,688	30	100.0%
Jan 2026	98	$2,288	$1,885 – $3,038	33	100.0%
Dec 2025	67	$2,150	$1,813 – $3,050	24	100.0%
Nov 2025	79	$2,500	$2,000 – $3,000	20	100.0%
Oct 2025	100	$2,870	$2,000 – $3,400	24	100.0%
Sep 2025	76	$2,775	$2,300 – $3,300	23	100.0%
Aug 2025	109	$2,650	$2,100 – $3,300	26	100.0%
Jul 2025	85	$2,700	$2,150 – $3,200	16	100.0%
Jun 2025	79	$2,850	$2,150 – $3,175	20	100.0%
May 2025	80	$2,900	$2,138 – $3,250	24	100.0%
Apr 2025	71	$2,750	$2,250 – $3,200	21	100.0%
Mar 2025	69	$2,700	$2,200 – $3,200	26	100.0%
Feb 2025	55	$2,695	$2,125 – $3,200	29	100.0%
Jan 2025	62	$2,750	$2,150 – $3,075	26	100.0%
Dec 2024	60	$2,500	$2,038 – $3,000	30	100.0%
Nov 2024	82	$2,775	$2,413 – $3,200	24	100.0%
Oct 2024	71	$2,750	$2,100 – $3,350	22	100.0%
Sep 2024	77	$2,700	$1,950 – $3,250	18	100.0%
Aug 2024	92	$2,975	$2,388 – $3,463	21	100.0%
Jul 2024	87	$3,250	$2,720 – $3,700	29	100.0%
Jun 2024	67	$3,100	$2,250 – $3,525	33	100.0%
May 2024	67	$3,000	$2,300 – $3,400	37	100.0%
Apr 2024	82	$2,300	$2,113 – $2,980	35	100.0%
Mar 2024	50	$2,275	$2,100 – $3,021	33	100.0%
Feb 2024	46	$2,250	$2,000 – $3,000	25	100.0%
Jan 2024	34	$2,543	$1,913 – $3,150	19	100.0%
Dec 2023	45	$2,650	$1,750 – $3,100	24	100.0%
Nov 2023	56	$2,850	$1,995 – $3,500	14	100.0%
Oct 2023	71	$3,150	$2,038 – $3,500	17	100.0%

What people ask about Newmarket

How much is rent in Newmarket?

The median lease in Newmarket closed at $2,496 a month over the 12 months to September 2026, across 1,134 leases.

Compiled by HOMEH from leases reported closed in 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.

Questions, answered

Common questions about apartments & homes for rent in Newmarket

What is the average rent in Newmarket?

The median rent of the 187 rentals in Newmarket is $2,180/mo, from $1,000 to $4,500 a month.

Houses for rent in Newmarket

How much is a 1-bedroom apartment in Newmarket?

53 1-bedroom rentals are listed in Newmarket, with a median rent of $1,650/mo.

Condos for rent in Newmarket

How much is a 2-bedroom apartment in Newmarket?

55 2-bedroom rentals are listed in Newmarket, with a median rent of $1,850/mo.

Condos for rent in Newmarket

Keep looking

More Apartments & Homes for Rent in Newmarket

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