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City in Ontario

Townhouses 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 93 townhouses for rent in Richmond Hill today, with a median rent of $3,250/mo (+33% vs. all rentals in Richmond Hill). The most active neighbourhoods are Langstaff, Rural Richmond Hill and Oak Ridges.

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 Townhouse 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

$1,250,000

74% above Ontario

In Richmond Hill

$1,250,000

In Ontario

$716,900

Median monthly rent

$2,450/mo

2% below Ontario

In Richmond Hill

$2,450

In Ontario

$2,499

$787

Per square foot

≈ 42.5 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,015

Median $1,250,000

Houses 715 · Condos 300

For rent

503

Median $2,450

Houses 376 · Condos 127

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)

HOMEH Market Pulse Townhouses only Through September 2026 Deep sales history

What townhouses in Richmond Hill actually rent for

944 townhouses were leased in Richmond Hill over the 12 months to September 2026. Half leased above $3,259 and half below, 2.3% lower than the 12 months before. A typical townhouse found its tenant in 21 days — 3 days quicker than a year ago.

Median rent: $3,259; -2.3% year over year
Days to lease: 21; 3 days quicker
Leases closed: 944; last 12 months
Rent per square foot: $1.99/mo; from 927 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 townhouse here differs from the next.

$4,042$3,356$2,669$1,983

Oct ’23Nov ’24Oct ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,997/mo

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

−10%Asking rent+10%

Of the asking rent: 99.9%
Leased over asking: 8.8%

From 944 leases that closed here in the last 12 months.

Rent or buy in Richmond Hill

24.5 years

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

Median sold price

$958,434

517 sales

Median rent

$3,259/mo

944 leases

Gross rental yield

4.08%

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.

What actually rents in Richmond Hill

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

944leases

Freehold town$3,41870.7%
Condo town$2,87529.3%

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	75	$3,309	$2,820 – $3,650	18	100.0%
Aug 2026	86	$3,288	$2,788 – $3,600	16	100.0%
Jul 2026	94	$3,277	$2,775 – $3,650	17	100.0%
Jun 2026	93	$3,264	$2,700 – $3,500	16	100.0%
May 2026	94	$3,288	$2,800 – $3,600	18	100.0%
Apr 2026	96	$3,301	$2,800 – $3,500	18	100.0%
Mar 2026	96	$3,231	$2,725 – $3,500	20	100.0%
Feb 2026	62	$3,261	$2,725 – $3,500	25	99.8%
Jan 2026	50	$3,256	$2,800 – $3,544	38	99.0%
Dec 2025	56	$3,127	$2,700 – $3,563	24	99.3%
Nov 2025	68	$3,208	$2,700 – $3,500	24	100.0%
Oct 2025	74	$3,239	$2,700 – $3,695	24	100.0%
Sep 2025	79	$3,204	$2,775 – $3,600	26	100.0%
Aug 2025	104	$3,272	$2,750 – $3,750	18	100.0%
Jul 2025	102	$3,363	$2,900 – $3,665	22	100.0%
Jun 2025	72	$3,329	$2,750 – $3,613	22	100.0%
May 2025	76	$3,309	$2,800 – $3,725	26	100.0%
Apr 2025	77	$3,336	$2,850 – $3,600	20	100.0%
Mar 2025	68	$3,314	$2,750 – $3,650	27	100.0%
Feb 2025	61	$3,377	$2,850 – $3,600	21	99.4%
Jan 2025	46	$3,528	$2,925 – $3,825	28	100.0%
Dec 2024	49	$3,301	$2,700 – $3,825	30	100.0%
Nov 2024	61	$3,361	$2,750 – $3,700	25	100.0%
Oct 2024	56	$3,451	$2,825 – $3,788	24	100.0%
Sep 2024	43	$3,418	$2,925 – $3,800	23	99.1%
Aug 2024	101	$3,519	$2,913 – $3,808	25	100.0%
Jul 2024	91	$3,487	$2,913 – $3,900	25	100.0%
Jun 2024	74	$3,279	$2,800 – $3,700	36	100.0%
May 2024	54	$3,411	$2,930 – $3,800	38	100.0%
Apr 2024	59	$3,356	$2,896 – $3,700	29	100.0%
Mar 2024	35	$3,296	$2,700 – $3,750	23	100.0%
Feb 2024	5	$3,500	$3,300 – $3,500	32	100.0%
Dec 2023	5	$3,000	$2,950 – $3,200	30	100.0%
Oct 2023	6	$2,975	$2,125 – $3,000	27	100.0%

What people ask about Richmond Hill

How much is rent for a townhouse in Richmond Hill?

The median townhouse lease in Richmond Hill closed at $3,259 a month over the 12 months to September 2026, across 944 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 townhouse. Not an appraisal or an opinion of value.

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More Rentals in Richmond Hill

503 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.

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