Average rent in London, ON
The average 1-bedroom rent in London is $1,371 a month, and a 2-bedroom averages $1,645 (CMHC Rental Market Survey, October 2025). New leases cost more: the average 1-bedroom asking rent in London is $1,628 (Rentals.ca, September 2026).
What all renters pay (CMHC)
| Unit size | Average monthly rent |
|---|---|
| Studio | $1,066 |
| 1-bedroom | $1,371 |
| 2-bedroom | $1,645 |
| 3-bedroom+ | $1,872 |
| All units | $1,551 |
Source: CMHC Rental Market Survey, Oct 2025: average rent by bedroom and survey zone (purpose-built, all tenants). These are averages for purpose-built rental apartments and include long-time tenants, so new leases are usually higher.
What new renters are asked (Rentals.ca)
| Unit size | Average asking rent |
|---|---|
| 1-bedroom | $1,628 |
| 2-bedroom | $1,998 |
Source: Rentals.ca & Urbanation National Rent Report, Oct 2026: average asking rent by city and bedroom, September 2026. City-wide figure for London covering all listing types. If you moved in during 2024 or later, we compare you with these figures.
Is your London rent too high? Check in 10 seconds →Neighbourhood zones in London
- Downtown North · 1-bed $1,505
- Northeast · 1-bed $1,239
- North · 1-bed $1,575
- Northwest · 1-bed $1,409
- Southwest · 1-bed $1,401
- Central South · 1-bed $1,225
- South · 1-bed $1,360
- East · 1-bed $1,170
- St. Thomas · 1-bed $1,187
- Strathroy-Caradoc · 1-bed $1,157
- Remainder of London CMA