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City in Ontario

Condos for rent under $700K in Vaughan

314 condos in Vaughan are listed for rent under $700K, which is 46% of everything for rent. The most active neighbourhoods are Vaughan Corporate Centre and Concord.

family-friendly active suburban

323,103 people lived in Vaughan at the 2021 Census, in 103,920 households. 86% of households owned their home and 14% rented. The most common homes were single-detached houses (63%) and apartments in buildings of five or more storeys (13%). 7% of homes were built before 1981, and 20% since 2011. 89% of commuters went to work by car and 6% by public transit.

Population of 323,103 Walkability score of 70

Vaughan, Ontario

Condos for Rent in Vaughan Under $700K

Day to dayLivability

Walkability

out of 100 · averaged over 224,196 past and present listings

Average walk score reported on listings here

7.1

Schools near listings

out of 10 · averaged over 224,196 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

$1,088,000

52% above Ontario

In Vaughan

$1,088,000

In Ontario

$716,900

Median monthly rent

$2,400/mo

4% below Ontario

In Vaughan

$2,400

In Ontario

$2,499

$754

Per square foot

≈ 37.8 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,278

Median $1,088,000

Houses 750 · Condos 527

For rent

689

Median $2,400

Condos 369 · Houses 319

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

Diverse housing options available
Good schools for families
Many parks for outdoor activities
Variety of restaurants to choose from

Keep in mind

Median home prices are high at $1,125,000
Limited public transit options

The feel of the placeLifestyle

Daily life in Vaughan offers access to parks and schools, making it ideal for families. The community is active with various dining options.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

273.1 km²

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

278

Parks

337

Playgrounds

Transit stations

Grocery stores

301

Restaurants

102

Cafés

Gyms

Libraries

Pharmacies

Counted across all 273.1 km² of Vaughan. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

7.0/10

Average rating of the 80 rated schools in this area

104

Elementary

Secondary

St Andrew Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
9.6/107.9 over 5 yrs
35th of 3,045 Ontario elementary schools
265 students · EQAO 2024-2025
École élémentaire La Fontaine
Public · French · Grades JK–6 · Conseil scolaire Viamonde
8.7/10
130th of 3,045 Ontario elementary schools
130 students · EQAO 2024-2025
Thornhill Public School
Public · Grades JK–8 · York Region DSB
8.6/107.6 over 5 yrs
150th of 3,045 Ontario elementary schools
260 students · EQAO 2024-2025
Dr Roberta Bondar Public School
Public · Grades JK–8 · York Region DSB
8.5/107.9 over 5 yrs
175th of 3,045 Ontario elementary schools
725 students · EQAO 2024-2025
Glenn Gould Public School
Public · Grades JK–8 · York Region DSB
8.5/107.8 over 5 yrs
175th of 3,045 Ontario elementary schools
655 students · EQAO 2024-2025
Michael Cranny Elementary School
Public · Grades JK–8 · York Region DSB
8.5/109.0 over 5 yrs
175th of 3,045 Ontario elementary schools
600 students · EQAO 2024-2025

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

323,103

Population (2021)

272.4 km²

Area

1,186

People per km²

42.6

Median age

$132,339

Median income

86%

Own their home

3.2

People per household

103,920

Households

Every age

Children (under 15)16.5%
Working age (15–64)67.2%
Seniors (65+)16.3%

What is built here

Detached houses62.5%
Semi-detached7.7%
Townhouses10.9%
Duplexes3.3%
Low-rise apartments2.2%
High-rise apartments13.2%

Own or rent

86%Owners

14%Renters

Across 103,920 households

When it was built

Mostly 1991–2000

1960 or earlier1%
1961–19806%
1981–199020%
1991–200022%
2001–200516%
2006–201014%
2011–20159%
2016–202110%

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.

46.4%
Born outside Canada: 36.5%
Hold a degree or higher: 58%
Employment rate: 6.3%
Commute by transit: 88.6%
Commute by car: 1.8
Children per family: $112,549
Median income after tax: $157,723
Average household income: 6.5%
Living on a low income: $2,343/mo
Renters pay, per month: $2,009/mo
Owners pay, per month: $1,219,980
Median home value at census: 42.2%
Renters spending 30%+ of income on housing: 24%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 288 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 Vaughan

How many condos in Vaughan rent for under $700K?

314 condos in Vaughan are listed for rent under $700K today, 46% of the 689 homes for rent. Their median rent is $2,350/mo.

All rentals in Vaughan

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

Under $700K, Vaughan has condo apartments (314) for rent. Most have 1 to 3 bedrooms.

Condos for rent in Vaughan

Keep looking

More Rentals in Vaughan

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