Average Rent in Mississauga, Ontario 2026

Mississauga is Toronto's western neighbour — Canada's 6th largest city with strong employment, excellent transit, and rents 15% below Toronto.

$2,200

1-Bedroom Avg

$2,850

2-Bedroom Avg

$1,750

Studio Avg

$3,500

3-Bedroom Avg

Mississauga is Canada's sixth-largest city and one of the GTA's most important economic hubs. Home to over 60 Fortune 500 Canadian headquarters, including major financial, pharmaceutical, and technology companies, Mississauga offers strong local employment that reduces the need to commute into Toronto for many residents. The city is well-connected by MiWay transit and GO Transit, with multiple GO stations providing fast service to Union Station.

Mississauga's rental market is predominantly condo-based — the city's skyline along Hurontario Street (the future Hazel McCallion LRT corridor) is dominated by condo towers, many of which are investor-owned and rented out. Purpose-built rental buildings are less common but growing, particularly around Cooksville, Port Credit, and Square One.

Mississauga Rent by Neighbourhood (2026)

Neighbourhood	Studio	1-Bedroom	2-Bedroom
City Centre / Square One	$1,900	$2,400	$3,100
Port Credit	$1,950	$2,450	$3,200
Cooksville / Dundas	$1,750	$2,200	$2,850
Streetsville	$1,700	$2,150	$2,750
Erin Mills / Churchill Meadows	$1,750	$2,200	$2,850
Meadowvale / Lisgar	$1,700	$2,100	$2,700
Malton (near Pearson Airport)	$1,550	$1,950	$2,500
Clarkson / Lorne Park	$1,800	$2,250	$2,950

The Square One Condo Corridor

The area around Square One Shopping Centre in Mississauga's City Centre is one of the GTA's densest rental condo corridors. Dozens of towers compete for tenants, giving renters more choice than in Toronto's downtown core. Hurontario Street will be home to the Hazel McCallion LRT when complete, making this corridor even more desirable for transit-dependent renters. Current rents here are $2,200–$2,500/month for 1-bedrooms — still below downtown Toronto equivalents.

Port Credit Value: Port Credit on Lake Ontario offers a walkable village atmosphere, excellent restaurants, and direct GO Train service to Union Station in 25 minutes — often at lower prices than comparable downtown Toronto condos.

🏦 Best No-Fee Bank for Renters

KOHO gives you a free prepaid Visa with cash back on groceries and bills. No monthly fees, no minimum balance. Perfect for managing rent payments.

Get KOHO Free — Use Code 45ET55JSYA

Mississauga Rent Affordability Calculator

Your annual gross income ($) Desired unit type

Ontario Tenant Rights in Mississauga

Mississauga is in Ontario — the Residential Tenancies Act governs all rentals. Annual rent increase caps, maintenance obligations, and eviction protections apply. The Landlord and Tenant Board resolves disputes. Full guide: Ontario renter rights.

Frequently Asked Questions

What is the average rent in Mississauga in 2026?

The average 1-bedroom in Mississauga costs approximately $2,200/month in 2026 — about 11% less than Toronto's average.

Is Mississauga cheaper than Toronto to rent?

Yes — Mississauga is typically 10–15% cheaper than Toronto for comparable condo rentals, while still offering strong GTA job access via GO Transit and MiWay.