Average Rent in London, Ontario 2026

London is southwestern Ontario's largest city — home to Western University and a major healthcare hub, with rents well below the GTA.

$1,700

1-Bedroom Avg

$2,150

2-Bedroom Avg

$1,350

Studio Avg

$2,750

3-Bedroom Avg

London, Ontario is a mid-sized city of approximately 550,000 people, anchored by Western University (one of Canada's top research universities), Fanshawe College, London Health Sciences Centre, and a significant manufacturing and logistics sector. The city offers a stable, diverse economy and rental prices that are noticeably more affordable than the GTA or even Kitchener-Waterloo.

London has been growing steadily as remote workers from Toronto discover it as an affordable alternative with good amenities, a university-city atmosphere, and easy highway access (about 2 hours to Toronto via the 401). The rental market has tightened from its pandemic-era lows, but vacancy rates around 2.5% still give renters more options than in eastern cities.

London Ontario Rent by Neighbourhood (2026)

Neighbourhood	Studio	1-Bedroom	2-Bedroom
Downtown London / Old East Village	$1,300	$1,650	$2,150
Western University Area (Richmond)	$1,400	$1,800	$2,350
Old North / Masonville	$1,350	$1,750	$2,250
Byron / Westmount	$1,350	$1,700	$2,200
East London / Fanshawe	$1,200	$1,550	$2,000
South London / White Oaks	$1,200	$1,550	$2,000
Lambeth / South West	$1,300	$1,650	$2,150
North London / Hyde Park	$1,350	$1,700	$2,200

Renting Near Western University

The area around Western University — particularly along Richmond Street, Cheapside Street, and in Old North — is in high demand from students and staff. Purpose-built student housing has been expanding, but off-campus apartments near the university consistently command a premium. If you're a student, consider looking farther from campus (East London or South London) and using the university's bus service for significant savings.

Student Tip: Fanshawe College students often find better value in East London, where older apartment buildings offer 1-bedrooms for $1,400–$1,600/month, well below the Richmond Street corridor rates.

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London Ontario Rent Affordability Calculator

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London's Healthcare and Education Rental Market

London Health Sciences Centre and St. Joseph's Health Care are among London's largest employers, creating consistent demand for rental housing from healthcare professionals. Nurses, residents, and allied health workers form a significant portion of the rental market, particularly in Old North and the areas around the hospital campuses on Wellington and Commissioners Road.

Ontario Tenant Rights in London

London renters are protected under Ontario's Residential Tenancies Act. Rent increase guidelines, eviction protections, and maintenance obligations all apply. The Landlord and Tenant Board handles disputes. Full details: Ontario renter rights.

Frequently Asked Questions

What is the average rent in London Ontario in 2026?

The average 1-bedroom in London Ontario costs approximately $1,700/month in 2026, about 31% less than Toronto's average.

Is London Ontario good for renters?

Yes — London offers strong value with a university-city atmosphere, excellent healthcare infrastructure, and rents well below the GTA. Ideal for students, healthcare workers, and remote workers.