If you’re renting, buying, or investing in London, Ontario, knowing the average rent by neighbourhood is crucial. Rental demand is strong, driven by students, young professionals, and families moving to the city. Whether you’re a landlord analyzing cash flow or a renter planning your budget, this 2026 guide breaks it all down.
Why Rent Data Matters
- Renters: Helps you budget and find the best neighbourhood for your lifestyle.
- Investors: Determines cash flow, ROI, and the right type of property to buy.
- Landlords: Helps set competitive rent and reduce vacancy rates.
| Neighbourhood | 1-Bedroom | 2-Bedroom | 3-Bedroom | Notes |
|---|---|---|---|---|
| North London (Masonville / University Area) | $1,400 | $1,800 | $2,200 | High student demand; premium pricing |
| South London (White Oaks / Summerside) | $1,200 | $1,600 | $2,000 | Family rentals; growing subdivisions |
| East London (Argyle / Hamilton Road) | $1,100 | $1,500 | $1,900 | Affordable entry; good cash flow |
| Old South / Wortley Village | $1,500 | $2,000 | $2,500 | Desirable area; low vacancy |
| Hyde Park / Northwest London | $1,300 | $1,700 | $2,200 | New builds; family-focused |
| St. Thomas (near London) | $1,100 | $1,500 | $1,900 | Lower purchase prices; emerging market |
| Woodstock (near London) | $1,000 | $1,400 | $1,800 | Affordable rental market; commuter town |
What Affects Rental Prices in London, Ontario?
Rental prices in London, Ontario vary based on location, property type, and demand factors. Areas near Western University and Fanshawe College see higher rents due to student demand, while neighbourhoods with easy access to Highway 401 attract professionals. Larger homes, newer builds, and safe, walkable communities typically command higher prices, and surrounding towns like St. Thomas, Woodstock, and Komoka offer more affordable options with growing rental demand. For renters, budgeting carefully and acting quickly in high-demand areas is key, while landlords and investors benefit from analyzing cash flow, setting competitive rents, targeting high-demand tenants, and maintaining properties well to reduce vacancy and maximize returns.
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