Ontario Rental Market Report – February 28, 2025

The Ontario rental market is constantly evolving. This report provides a comprehensive snapshot of rental trends across key cities as of February 28, 2025. Whether you are an investor, landlord, or tenant, understanding these market changes can help you make informed decisions.

Trenton, ON Rental Market Overview

Unit Type	Listings	Average Rent
1 Bedroom	1	$1,756
2 Bedroom	3	$1,683
3 Bedroom	2	$2,525

Additional listings: One studio ($1,200), one 4-bedroom unit ($1,700).

Belleville, ON Rental Market Overview

Unit Type	Listings	Average Rent
1 Bedroom	6	$1,731
2 Bedroom	10	$2,076
3 Bedroom	5	$2,380

Kingston, ON Rental Market Overview

Unit Type	Listings	Average Rent
1 Bedroom	5	$1,434
2 Bedroom	12	$2,145
3 Bedroom	2	$2,737

Oshawa, ON Rental Market Overview

Unit Type	Average Rent
1 Bedroom	$1,730
2 Bedroom	$2,107
3 Bedroom	$2,737

Scarborough, ON Rental Market Overview

Unit Type	Average Rent
1 Bedroom	$2,066
2 Bedroom	$2,230
3 Bedroom	$2,386

Hamilton, ON Rental Market Overview

Unit Type	Average Rent
1 Bedroom	$1,720
2 Bedroom	$2,077
3 Bedroom	$2,837

Collingwood, ON Rental Market Overview

Unit Type	Average Rent
1 Bedroom	$1,883
2 Bedroom	$2,237
3 Bedroom	$3,598

Richmond Hill, ON Rental Market Overview

Unit Type	Average Rent
1 Bedroom	$2,000
2 Bedroom	$2,586
3 Bedroom	$3,598

Napanee, ON Rental Market Overview

Limited data available. One 2-bedroom condo listed at $2,299/month.

Guelph, ON Rental Market Overview

Unit Type	Average Rent
1 Bedroom	$2,104
2 Bedroom	$2,436