How much is the average rent in Markham, ON for 1-bedroom and 2-bedroom apartments?

Markham's 2025 rental market shows 1-bedroom apartments averaging around $2,100 per month, while 2-bedroom units rent for around $2,500 monthly. These figures reflect current market conditions across the city's various neighborhoods.

Are rents going up or down in Markham, ON?

Rents in Markham, ON have generally decreased, with the average rent prices dropping by about 14%. Specifically, 1-bedroom rents decreased by less than 1%, and 2-bedroom rents decreased by about 6%.

When is the best time to look for an apartment in Markham, ON?

Markham renters find the most favorable conditions during fall and winter months, particularly November and December when demand decreases. October offers the lowest rents of the year, with an 18% difference compared to April's peak pricing, providing more negotiating power for apartment hunters.

What are the best neighborhoods to rent an apartment in Markham, ON?

Thornhill and Commerce Valley lead Markham's rental market, both offering 1-bedroom apartments at around $2,300 monthly. Grandview, Royal Orchard, Thornhill, and Commerce Valley provide strong community connections with high walk scores and transit accessibility, while these same areas plus Markham Village feature environmental sustainability programs including solar projects and waste recycling systems.

What areas of Markham, ON are best for budget-conscious renters?

Thornhill offers budget-friendly options with some 1-bedroom apartments available for around $1,980 per month, approximately 2% below the city median. Unionville provides another affordable choice with median rents around $2,530, allowing renters to access neighborhood amenities while maintaining cost savings.

Are there pet-friendly apartments in Markham, ON?

Yes, approximately 51.9% of the listings in Markham are pet-friendly.

Are utilities usually included in rent in Markham, ON?

Markham rental listings do not typically include utilities as part of the monthly rent across any apartment size. Renters should budget separately for electricity, heating, water, and other utility costs when planning their housing expenses in the city.