Average Rent in Richmond Hill, ON and Rent Price Trends

Rent trends in Richmond Hill, ON

Average rent prices in Richmond Hill have remained the same over the last month and have decreased by 10% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Richmond Hill, ON

Rent prices in Richmond Hill vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Richmond Hill is $2,149, whereas a house costs $2,850. 1-bedroom apartments in Richmond Hill run $2,020 on average, while 2-bedroom apartments are $2,300.


Studio	$1,550	No Change	10%
1 bedroom	$1,960	6%	6%
2 bedroom	$2,585	2%	1%
3 bedroom	$3,049	15%	7%
4 bedroom	$3,200	No Change	22%

		Listings
Crosby	$2,299
Harding	$2,299
Jefferson	$2,294
Langstaff	$2,923
Mill Pond	$2,200
North Richvale	$2,450
Oak Ridges Lake Wilcox	$2,442
Observatory	$2,199
Rural Richmond Hill	$2,299
Westbrook	$2,224


Apartments	$2,149	1%	10%
Condos	$2,550	2%	6%
Houses	$2,850	8%	15%
Rooms	$915	No Change	35%

Studio

Average rent

$1,550

Last year

10%

1 bedroom

Average rent

$1,960

Last 30 days

Last year

2 bedroom

Average rent

$2,585

Last 30 days

Last year

3 bedroom

Average rent

$3,049

Last 30 days

15%

Last year

4 bedroom

Average rent

$3,200

Last year

22%

The table above reflects average rent prices in Richmond Hill, ON, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Richmond Hill, ON compare to other cities?

Compare median rent prices in Richmond Hill and Ajax by all bedroom counts and property types.

Richmond Hill

Median rent price$2,299

21%

higher than the national median

Median rent price$2,117

11%

higher than the national median

Takeaway

The median rent for all rentals in Richmond Hill, ON is 9% higher than the median rent in Ajax, ON.

Average rent in nearby cities

Explore rent trends in neighboring markets

$2,117

$2,205

Bradford West Gwillimbury

$2,300

$2,245

$2,087

$1,749

$2,370

$2,299

$2,199

$2,950

$2,200

Whitchurch Stouffville

$2,154

18%

Last year

Discover rentals in Richmond Hill, ON

1d ago

Rouge Woods house for rent in Richmond Hill

88 Bridlepath Street, Richmond Hill, ON L4S 1S2

1 bed

1 bath

$1,000

5d+ ago

Oak Ridges apartment for rent in Richmond Hill

35 Fern Valley Crescent, Richmond Hill, ON L4E 2K3

2 beds

1 bath

$1,800

Nantucket Dr & Old Colony Rd - Photo 1 of 1

5d+ ago

Oak Ridges Lake Wilcox apartment for rent in Richmond Hill

Nantucket Dr & Old Colony Rd, Richmond Hill, ON L4E 3W1

2 beds

1 bath

$1,900

5d+ ago

Mill Pond apartment for rent in Richmond Hill

Other - Richmond Hill, ON

185 Rumble Ave Fl 2, Richmond Hill, ON L4C 4G5

2 beds

1 bath

$1,950

1d ago

8.8

Very good

Elmwood Hill

441 Elmwood Ave, Richmond Hill, ON L4C 1M5

2 beds

1 bath

$2,000

Rent special

1d ago

9.4

Excellent

Tiffany Hill

34 Centre St W, Richmond Hill, ON L4C 3P5

2 beds

1 bath

$2,300

5d+ ago

Westbrook apartment for rent in Richmond Hill

116 Leyburn Ave, Richmond Hill, ON L4C 0J6

2 beds

2 baths

$2,300

5d+ ago

Verified

2 beds

3 baths

$2,500

Stay up to date with rental market insights

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Frequently asked questions for Richmond Hill, ON

Quick answers to common questions about the Richmond Hill rental market.

How much is rent in Richmond Hill?

The average rent in Richmond Hill is $2,299 per month as of October 24, 2026.

Is rent up or down in Richmond Hill?

Average rent prices in Richmond Hill have remained the same over the last month and have decreased by 10% since last year.

How does Richmond Hill rent compare to the national average?

Rent in Richmond Hill is 21% above the national average, which means renters are paying approximately $399 more per month.

Which neighborhoods are most affordable in Richmond Hill?

The most affordable neighborhoods in Richmond Hill are Observatory ($2,199/mo), Mill Pond ($2,200/mo), and Westbrook ($2,224/mo).

What salary do I need to afford rent in Richmond Hill?

To comfortably afford rent in Richmond Hill, you'd need to earn approximately $92,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Richmond Hill?

November and December offer the best rental deals in Richmond Hill, with November seeing the lowest rents of the year. These winter months can save you money compared to spring and summer, when April hits peak pricing with roughly 17% higher rents than November.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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