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City in Ontario

Condos for rent under $700K in Richmond Hill

78 condos in Richmond Hill are listed for rent under $700K, which is 16% of everything for rent. The most active neighbourhoods are Langstaff and South 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

Condos for Rent in Richmond Hill Under $700K

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

$1,250,000

74% above Ontario

In Richmond Hill

$1,250,000

In Ontario

$716,900

Median monthly rent

$2,400/mo

4% below Ontario

In Richmond Hill

$2,400

In Ontario

$2,499

$787

Per square foot

≈ 43.4 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,001

Median $1,250,000

Houses 705 · Condos 296

For rent

497

Median $2,400

Houses 376 · Condos 121

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 2026-10-26.

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)

Questions, answered

Common questions about condos for rent under $700K in Richmond Hill

How many condos in Richmond Hill rent for under $700K?

78 condos in Richmond Hill are listed for rent under $700K today, 16% of the 497 homes for rent. Their median rent is $2,600/mo.

All rentals in Richmond Hill

What kind of condo can I rent in Richmond Hill for under $700K?

Under $700K, Richmond Hill has condo apartments (78) for rent. Most have 1 to 3 bedrooms.

Condos for rent in Richmond Hill

Keep looking

More Rentals in Richmond Hill

497 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.