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City in Ontario

Condos for rent in Richmond Hill

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

There are 95 condos and apartments for rent in Richmond Hill today, with a median rent of $2,650/mo (+6% vs. all rentals in Richmond Hill). 14 are 1-bedroom condos for rent. The most active neighbourhoods are Langstaff, South Richvale and North Richvale.

family-friendly suburban community-oriented

202,022 people lived in Richmond Hill at the 2021 Census, in 69,275 households. 78% of households owned their home and 22% rented. The most common homes were single-detached houses (57%) and apartments in buildings of five or more storeys (19%). 15% of homes were built before 1981, and 18% since 2011. 87% of commuters went to work by car and 8% by public transit.

Population of 202,022

Richmond Hill, Ontario

Richmond Hill Condo Rentals

Day to dayLivability

Walkability

out of 100 · averaged over 206,640 past and present listings

Average walk score reported on listings here

7.7

Schools near listings

out of 10 · averaged over 206,640 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

$1,289,495

80% above Ontario

In Richmond Hill

$1,289,495

In Ontario

$716,900

Median monthly rent

$2,500/mo

On par with Ontario

In Richmond Hill

$2,500

In Ontario

$2,499

$787

Per square foot

≈ 43 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,038

Median $1,289,495

Houses 743 · Condos 295

For rent

516

Median $2,500

Houses 381 · Condos 135

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 schools with a score of 7.7
Access to multiple parks and recreational areas
Variety of dining options available
Strong community feel with diverse population

Keep in mind

Housing prices are above the provincial median
Limited public transit options

The feel of the placeLifestyle

Daily life in Richmond Hill includes access to parks and schools. Residents enjoy a suburban feel with local amenities.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

101.4 km²

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

213

Parks

248

Playgrounds

Transit stations

Grocery stores

193

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 101.4 km² of Richmond Hill. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.6/10

Average rating of the 43 rated schools in this area

106

Elementary

Secondary

St Theresa of Lisieux Catholic High School
Catholic · Grades 9–12 · York CDSB
10.0/109.4 over 5 yrs
1st of 742 Ontario secondary schools
1,590 students · EQAO 2024-2025
Silver Stream Public School
Public · Grades JK–8 · York Region DSB
9.5/109.6 over 5 yrs
42nd of 3,045 Ontario elementary schools
620 students · EQAO 2024-2025
St John Paul II Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
9.4/108.2 over 5 yrs
48th of 3,045 Ontario elementary schools
245 students · EQAO 2024-2025
Bayview Secondary School
Public · Grades 9–12 · York Region DSB
9.2/109.0 over 5 yrs
12th of 742 Ontario secondary schools
1,940 students · EQAO 2024-2025
Doncrest Public School
Public · Grades JK–8 · York Region DSB
9.2/107.9 over 5 yrs
68th of 3,045 Ontario elementary schools
685 students · EQAO 2024-2025
St Charles Garnier Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
8.9/108.8 over 5 yrs
108th of 3,045 Ontario elementary schools
525 students · EQAO 2024-2025

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

202,022

Population (2021)

100.8 km²

Area

2,004

People per km²

44.4

Median age

$112,807

Median income

78%

Own their home

People per household

69,275

Households

Every age

Children (under 15)14.8%
Working age (15–64)68.0%
Seniors (65+)17.2%

What is built here

Detached houses56.7%
Semi-detached3.9%
Townhouses15.1%
Duplexes3.1%
Low-rise apartments2.4%
High-rise apartments18.7%

Own or rent

78%Owners

22%Renters

Across 69,275 households

When it was built

Mostly 1991–2000

1960 or earlier5%
1961–198010%
1981–199018%
1991–200023%
2001–200515%
2006–201011%
2011–20159%
2016–20219%

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.

58.1%
Born outside Canada: 44.7%
Hold a degree or higher: 54.6%
Employment rate: 7.6%
Commute by transit: 86.8%
Commute by car: 1.7
Children per family: $97,300
Median income after tax: $139,691
Average household income: 11.8%
Living on a low income: $2,300/mo
Renters pay, per month: $2,059/mo
Owners pay, per month: $1,287,342
Median home value at census: 47.5%
Renters spending 30%+ of income on housing: 32.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 209 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 Condo apartments only Through September 2026 Deep sales history

What Condos Rent For in Richmond Hill

1,123 condos were leased in Richmond Hill over the 12 months to September 2026. Half leased above $2,455 and half below, 2.9% lower than the 12 months before. A typical condo found its tenant in 22 days.

Median rent: $2,455; -2.9% year over year
Days to lease: 22; 1 day slower
Leases closed: 1,123; last 12 months
Rent per square foot: $3.56/mo; from 1,083 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.

$3,226$2,859$2,491$2,124

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: 5.4%

From 1,123 leases that closed here in the last 12 months.

Rent or buy in Richmond Hill

18.3 years

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

Median sold price

$539,957

400 sales

Median rent

$2,455/mo

1,123 leases

Gross rental yield

5.46%

before costs

Both figures come from deals that actually closed in Richmond Hill 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.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Richmond Hill, rentals

Monthly closed leases in Richmond Hill
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	102	$2,475	$2,350 – $2,900	14	100.0%
Aug 2026	91	$2,400	$2,200 – $2,825	20	100.0%
Jul 2026	124	$2,400	$2,200 – $2,800	22	100.0%
Jun 2026	112	$2,450	$2,250 – $2,863	19	100.0%
May 2026	119	$2,500	$2,300 – $2,900	20	100.0%
Apr 2026	87	$2,400	$2,200 – $2,775	22	100.0%
Mar 2026	91	$2,390	$2,200 – $2,700	22	100.0%
Feb 2026	74	$2,438	$2,350 – $2,750	26	100.0%
Jan 2026	76	$2,450	$2,250 – $2,878	28	100.0%
Dec 2025	76	$2,450	$2,238 – $2,913	25	100.0%
Nov 2025	76	$2,500	$2,300 – $2,913	22	100.0%
Oct 2025	95	$2,600	$2,378 – $2,900	25	100.0%
Sep 2025	104	$2,500	$2,350 – $2,900	20	100.0%
Aug 2025	128	$2,500	$2,338 – $2,913	20	100.0%
Jul 2025	122	$2,450	$2,300 – $2,900	21	100.0%
Jun 2025	98	$2,500	$2,350 – $2,900	21	100.0%
May 2025	109	$2,525	$2,400 – $2,900	24	100.0%
Apr 2025	105	$2,600	$2,450 – $2,980	23	100.0%
Mar 2025	107	$2,600	$2,450 – $2,925	20	100.0%
Feb 2025	59	$2,490	$2,300 – $2,675	20	100.0%
Jan 2025	68	$2,500	$2,365 – $2,650	19	100.0%
Dec 2024	43	$2,550	$2,365 – $2,825	23	100.0%
Nov 2024	63	$2,550	$2,400 – $2,750	16	100.0%
Oct 2024	78	$2,600	$2,400 – $2,988	21	100.0%
Sep 2024	108	$2,600	$2,450 – $3,000	17	100.0%
Aug 2024	161	$2,700	$2,500 – $3,050	28	100.0%
Jul 2024	139	$2,700	$2,500 – $3,000	24	100.0%
Jun 2024	105	$2,600	$2,350 – $3,000	33	100.0%
May 2024	92	$2,690	$2,500 – $2,999	33	100.0%
Apr 2024	76	$2,650	$2,488 – $2,900	35	100.0%
Mar 2024	60	$2,600	$2,384 – $3,000	28	100.0%
Feb 2024	25	$2,600	$2,500 – $2,700	15	100.0%
Jan 2024	40	$2,650	$2,600 – $2,925	19	100.0%
Dec 2023	34	$2,825	$2,650 – $3,000	13	100.0%
Nov 2023	39	$2,700	$2,500 – $3,125	10	100.0%
Oct 2023	54	$2,850	$2,650 – $3,150	11	100.0%

What people ask about Richmond Hill

How much is rent for a condo in Richmond Hill?

The median condo lease in Richmond Hill closed at $2,455 a month over the 12 months to September 2026, across 1,123 leases.

Compiled by HOMEH from leases reported closed in Richmond Hill 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.

Questions, answered

Common questions about condos for rent in Richmond Hill

How much is a condo to rent in Richmond Hill?

The median rent of the 95 condos for rent in Richmond Hill is $2,650/mo. By size, the median is $2,250/mo for 1 bedroom and $2,650/mo for 2 bedrooms.

All rentals in Richmond Hill

Are there furnished condos for rent in Richmond Hill?

Yes. 10 of the 95 condos for rent in Richmond Hill are listed furnished and 5 partly furnished.

All rentals in Richmond Hill

Keep looking

More Rentals in Richmond Hill

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