Your Complete Guide to Renting in Markham
Markham is one of the GTA's most established and liveable cities, home to over 360,000 residents and a major technology employment hub. The rental market here is active and competitive, attracting renters from across Ontario and internationally. Desirable listings move quickly, so it pays to be prepared. Here is everything you need to know before you start your rental search in Markham.
How Much Does It Cost to Rent in Markham?
Rental prices in Markham vary by property type, size, and neighbourhood. Here is a realistic overview based on current market activity:
• Bachelor and studio apartments: $1,200 to $1,600 per month, typically basement units or older purpose-built rentals
• 1-bedroom condos and apartments: $1,700 to $2,200 per month, the most common rental type in Markham
• 2-bedroom condos and suites: $2,200 to $2,800 per month, ideal for couples and small families
• 3-bedroom townhouses and detached homes: $2,800 to $3,500 per month and above, popular in Cornell, Greensborough, and Berczy Village
• Luxury suites and executive rentals: $3,500 to $5,000 per month and above, concentrated in Cachet, Cathedral, and Angus Glen
Check the live market stats above for current median rent figures and active listing counts.
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Best Neighbourhoods for Renters in Markham
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Unionville and Downtown Markham
The most walkable area in Markham, with shops, restaurants, and the Main Street Unionville heritage district within easy reach. Condo rentals here attract young professionals and couples. Transit connections include Markham GO Station and multiple YRT/Viva bus routes along Highway 7. Expect to pay $2,000 to $2,800 per month for a 1-to-2 bedroom suite.
Cornell
The top choice for families renting in Markham. Cornell's master-planned design means wide streets, safe parks, strong schools, and access to Rouge National Urban Park. Townhome rentals are the most common and range from $2,500 to $3,200 per month for 2 to 3 bedrooms. A strong community feel and modern infrastructure make it one of the most popular areas for Markham homes for lease.
Greensborough and Swan Lake
A popular choice for renters looking for value without sacrificing quality. Greensborough offers newer townhomes and detached home rentals at slightly lower price points than Unionville or Berczy. Proximity to the Markham Stouffville Hospital makes it a top pick for healthcare workers. Rentals typically range from $2,200 to $3,000 per month.
Markham Village
For renters who value character and community, Markham Village offers upper-unit rentals and basement apartments in heritage-area homes. It is one of the more affordable areas for renters, with 1-bedroom units available from $1,400 to $1,900 per month. The GO Train station provides a direct commute to Union Station.
Highway 407 Corridor
The commercial and technology heart of Markham, home to IBM Canada, AMD, and hundreds of tech companies. Rental demand from professionals in this corridor is consistently high. Condo towers along this stretch offer modern amenities and quick highway access, with prices ranging from $1,800 to $2,600 per month for 1 to 2 bedrooms.
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Practical Tips for Renting in Markham
• Act quickly: desirable rentals at competitive prices go fast. Have your rental application documents ready before you start viewing -- proof of income, references, and a recent credit check.
• Confirm what is included: many Markham condo rentals include heat and water but not hydro. Always clarify before signing.
• Use the Ontario Standard Lease: all residential rentals in Ontario must use the standard lease form. If a landlord offers a different agreement, request the standard form.
• Consider transit access: the Viva Rapidway along Highway 7 and the GO Train at Markham Station provide good connectivity to Toronto. Factor transit proximity into your search if you commute.
• School zones matter for renters too: if you have children, check which school catchment a rental falls into. Cornell and Berczy Village have particularly strong public school reputations in Markham.
Frequently Asked Questions: Renting in Markham
What are the average rental prices for homes in Markham neighbourhoods?
Rental prices vary significantly by area. In Unionville and Downtown Markham, a 1-bedroom condo typically rents for $2,000 to $2,800 per month. In Cornell and Greensborough, a 3-bedroom townhouse ranges from $2,500 to $3,200 per month. More affordable private homes for rent in Markham can be found in Markham Village from $1,400 per month for a basement or upper-unit rental. Check the live stats on this page for the current median monthly rent across all active listings.
What are the best platforms to find homes for rent in Markham?
Realtris gives you access to every active MLS rental listing in Markham, updated in real time -- including single family homes for rent, condos, townhouses, and basement apartments. Unlike classified listing sites, every property on Realtris is an MLS-verified listing. Use the Perfect Rental Finder to get matched with listings that fit your specific needs, or browse the full inventory above.
How do I schedule a viewing for a rental home in Markham?
You can request a viewing through the listing page on Realtris. Each rental listing includes a contact option to arrange a showing directly with the listing agent. Alternatively, contact our team at and we will coordinate viewings for multiple properties on your shortlist, saving you time and back-and-forth communication.
What is the process to apply for a home rental in Markham?
Once you find a rental you want to apply for, the typical process in Ontario involves: submitting a rental application with your ID, proof of income (pay stubs or employment letter), references from previous landlords, and consent to a credit check. The landlord reviews applications and, if approved, you will sign the Ontario Standard Lease. All residential rentals in Ontario must use this standard form. Our agents can guide you through each step and help you put together a strong application.
What is the best neighbourhood in Markham to rent?
It depends on your lifestyle. For walkability and transit, Unionville and Downtown Markham are ideal. For families, Cornell and Berczy Village offer top school catchments. For affordability, Greensborough and Markham Village offer strong value. For professionals in the tech sector, the Highway 407 corridor is the most convenient. Use the search filters above to browse homes for rent by Markham neighbourhood.
Can I rent a home in Markham if I am new to Canada?
Yes. Markham is one of the most welcoming cities for newcomers to Canada. If you do not yet have a Canadian credit history, some landlords will accept alternative proof of financial stability such as employment letters, bank statements, or a reference from a previous landlord. Our team is experienced in helping newcomers find the right Markham home for rent.
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Ready to find your next home in Markham? Browse all available rentals above, try our Perfect Rental Finder , or contact our team for personalised rental guidance.
