Am I Overpaying?Canada

Average rent in East, London

The average 1-bedroom rent in East, London is $1,170 a month, and a 2-bedroom averages $1,360 (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 sizeAverage monthly rent
Studio$1,085
1-bedroom$1,170
2-bedroom$1,360
3-bedroom+$1,456
All units$1,296

Across all unit sizes, rents here average $1,296, which is 16% below the London metro average of $1,551. If you pay much more than this for a similar unit, you might be overpaying, but newer buildings and recent leases usually cost more than these averages.

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 sizeAverage 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.

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