Vaughan Rental Market Report – February 2026
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Looking to Rent in Vaughan?
Find out what you should expect to pay, how quickly units move, and what landlords are looking for — especially near VMC and Vaughan's condo corridors.
- Average and median rent by bedroom
- How long units stay on market
- Whether you can negotiate rent
- Documents you need to apply
- Neighbourhood breakdown by sub-market
Leasing Out a Property in Vaughan?
Understand where to price your unit, how fast the market is absorbing inventory, and which Vaughan sub-markets are commanding the strongest rents.
- Current average rent by property type
- Days on market benchmarks
- SNLR and inventory levels
- Year-over-year pricing context
- Ontario rent control explained
Evaluating Vaughan as a Rental Market?
Assess rental demand fundamentals, pricing trends, property type mix, and how Vaughan sub-markets perform across the 13-month trend dataset.
- 13-month rent trend with peak data
- Supply and demand indicators
- Property type market share breakdown
- VMC subway corridor premium
- Neighbourhood-level lease data
Key Takeaways – February 2026
Down modestly from $2,670 in February 2025 as condo supply expanded city-wide
Vaughan accounts for 36% of all York Region lease activity in February 2026
Landlord-favoured conditions — below the 3-month balanced market threshold
SNLR places Vaughan in landlord's market territory above the 60% threshold
Vaughan Rental Market Key Facts – February 2026
All figures sourced from TRREB MLS® lease records for Vaughan, Ontario. Last updated: February 2026.
- The average rent in Vaughan in February 2026 is $2,596.
- The median rent in Vaughan is $2,400.
- A total of 422 rental transactions occurred in February 2026 in Vaughan.
- The sales-to-new-listings ratio is 65%, indicating a landlord-favoured market.
- Rental inventory sits at 1.97 months of supply — below the balanced market threshold.
- The average rental listing takes 31 days to lease; median is 25 days.
- One-bedroom units average $1,966 per month in Vaughan.
- Two-bedroom units average $2,360 per month in Vaughan.
- Three-bedroom units average $3,238 per month in Vaughan.
- Four-bedroom units average $4,061 per month in Vaughan.
Vaughan Rental Market Data – February 2026
| Metric | February 2026 |
|---|---|
| Average Rent | $2,596 |
| Median Rent | $2,400 |
| Lease Volume | 422 transactions |
| New Listings | 653 |
| Active Listings | 869 |
| Sales-to-New-Listings Ratio (SNLR) | 65% |
| Months of Inventory | 1.97 |
| Average Days on Market | 31 days |
| Median Days on Market | 25 days |
| Average SP/LP Ratio | 99% |
< 40% Balanced
40–60% Landlord's Market
> 60%
Data sourced from MLS® system lease records. All figures reflect Vaughan, Ontario activity in the February 2026 reporting period.
Average Rent – 13 Month Trend
Average rent peaked at $2,751 in November 2025 and has softened to $2,596 in February 2026. Lease volume grew year-over-year from 406 to 422, confirming that price softening is supply-driven while underlying demand from VMC subway access and population growth remains healthy.
February 2025 vs. February 2026
| Metric | Feb 2025 | Feb 2026 | Change |
|---|---|---|---|
| Average Rent | $2,670 | $2,596 | ▼ $74 (−2.8%) |
| Median Rent | $2,450 | $2,400 | ▼ $50 (−2.0%) |
| Lease Volume | 406 | 422 | ▲ 16 (+3.9%) |
| Active Listings | 840 | 869 | ▲ 29 (+3.5%) |
| SNLR | 54% | 65% | ▲ +11 pts (improved absorption) |
| Months of Inventory | 1.94 | 1.97 | Stable — tight landlord conditions |
Vaughan's rental market tightened meaningfully year-over-year despite modest rent softening. The SNLR improved from 54% to 65% — a significant shift into landlord-favoured territory — while lease volume grew 3.9%. Rent moderation of 2.8% is the smallest decline among major York Region municipalities, confirming Vaughan's strong underlying demand fundamentals anchored by VMC subway access.
Rent Prices by Bedroom – Vaughan Ontario
| Bedrooms | Avg Rent (Feb 2026) | Median Rent | Leases | Avg DOM | MOI |
|---|---|---|---|---|---|
| 1 Bedroom | $1,966 | $1,900 | 93 | 27 | 2.06 |
| 2 Bedroom | $2,360 | $2,388 | 220 | 33 | 1.83 |
| 3 Bedroom | $3,238 | $3,250 | 56 | 30 | 2.00 |
| 4 Bedroom | $4,061 | $3,750 | 37 | 29 | 1.86 |
Two-bedroom units dominate Vaughan's rental market with 220 of 422 leases (52%), reflecting strong condo apartment demand from couples and young families. The one-bedroom segment (93 leases) serves young professionals drawn to the VMC subway corridor, while three and four-bedroom rentals represent the family-home segment in communities like Vellore Village, Patterson, and Kleinburg.
Rent by Vaughan Neighbourhood – February 2026
Vaughan's 422 leases are distributed across a range of sub-markets. Vaughan Corporate Centre dominates volume as the VMC condo hub, while communities like Vellore Village and Patterson serve distinct family-oriented demand.
| Neighbourhood | Leases | Avg Rent | Median Rent | SNLR | Avg DOM | SP/LP |
|---|---|---|---|---|---|---|
| Vaughan Corporate Centre | 148 | $2,120 | $2,050 | 62% | 36 | 99% |
| Vellore Village | 49 | $3,290 | $3,200 | 89% | 25 | 99% |
| Concord | 59 | $2,448 | $2,400 | 73% | 29 | 99% |
| Beverley Glen | 35 | $2,550 | $2,400 | 80% | 31 | 99% |
| Patterson | 18 | $3,604 | $3,725 | 51% | 24 | 100% |
| Maple | 29 | $2,821 | $2,900 | 60% | 30 | 99% |
| Brownridge | 20 | $2,680 | $2,350 | 63% | 27 | 99% |
| Rural Vaughan | 8 | $2,781 | $2,450 | 89% | 33 | 98% |
| Uplands | 7 | $4,329 | $4,100 | 50% | 15 | 99% |
| West Woodbridge | 6 | $2,917 | $3,075 | 86% | 24 | 100% |
| East Woodbridge | 17 | $2,691 | $2,500 | 61% | 30 | 99% |
| Kleinburg | 7 | $2,264 | $1,900 | 33% | 45 | 96% |
The VMC corridor is Vaughan's highest-volume rental sub-market at 148 leases — 35% of all Vaughan activity. Subway access to downtown Toronto drives demand from young professionals. Average rent of $2,120 is well below the city average due to the concentration of smaller condo units in newer purpose-built towers.
Vellore Village combines the highest SNLR in Vaughan at 89% with 49 lease transactions. This family-oriented community commands a premium at $3,290 average and leases in just 25 days — the fastest sub-market in the city. Strong demand from families seeking detached and townhouse inventory in a master-planned community.
Concord's 59 lease transactions and 73% SNLR confirm strong landlord-side conditions. Situated between VMC and the 400 corridor, Concord attracts renters seeking a mid-price point with access to both York Region employment hubs and TTC connectivity. Average rent of $2,448 sits between VMC and more premium family communities.
Beverley Glen's 80% SNLR ranks among the highest in Vaughan, indicating strong demand in this established community. With 35 leases and an average of $2,550, it bridges the gap between the VMC condo corridor and the higher-priced family communities to the north. Popular with professional families.
Patterson commands Vaughan's second-highest average rent at $3,604, driven by detached home and townhouse inventory in this executive community. The 100% average SP/LP ratio indicates properties lease at asking — despite a 51% SNLR suggesting balanced conditions. Thin supply relative to demand keeps pricing power with landlords.
Uplands carries Vaughan's highest average rent at $4,329 — representing the city's luxury detached segment. With only 7 leases, it's a thin but telling market. The 15-day average DOM is the fastest in the city, signalling strong demand from high-income households seeking executive homes near Promenade and Thornhill.
Key Neighbourhood Takeaway: Vaughan Corporate Centre (VMC) dominates volume at 148 leases but commands a below-average rent of $2,120 — reflecting the concentration of smaller condo units. The highest rents are in Uplands ($4,329) and Patterson ($3,604). Vellore Village offers the strongest absorption rate (89% SNLR) among family-oriented sub-markets, making it the most competitive neighbourhood for renters and most advantageous for landlords in the family home segment.
Rental Inventory by Property Type – Vaughan
| Property Type | Market Share |
|---|---|
| Condo Apartment | ~70% |
| Detached | ~12% |
| Attached Row Townhouse | ~7% |
| Semi-Detached | ~3% |
| Condo Townhouse | ~5% |
| Other | ~3% |
Why condo apartments dominate Vaughan's rental market: The VMC subway terminal and rapid condo development along Jane Street, Highway 7, and the Vaughan Corporate Centre corridor have created one of York Region's densest condo rental markets. Approximately 70% of Vaughan's lease transactions involve condo apartments — significantly above the York Region average of 51%. Investors with transit-proximate condo product in VMC and Concord are exceptionally well-positioned in this supply-heavy but demand-supported environment.
Inventory, Demand & Market Balance
Supply
Inventory sits at 1.97 months — below the 3-month balanced market threshold. With 869 active listings against 422 monthly leases, Vaughan's supply is tight relative to demand, particularly in the VMC and Concord corridors where new listings absorb quickly.
Demand
Demand is anchored by the VMC subway terminus (TTC Line 1 Yonge-University), making Vaughan directly connected to downtown Toronto without GO Transit dependency. Corporate relocations to the Vaughan Enterprise Zone and continued Highway 400 corridor growth support sustained leasing activity.
Market Balance
A 65% SNLR places Vaughan firmly in landlord's market territory — the strongest position among York Region's high-volume municipalities. The 99% average SP/LP ratio indicates that well-priced units typically achieve asking rents with minimal negotiation required.
13-Month Rent Trend – Vaughan, Ontario
| Month | Avg Rent | Median Rent | Leases | SNLR | MOI | Avg DOM |
|---|---|---|---|---|---|---|
| Feb 2025 | $2,670 | $2,450 | 406 | 54% | 1.94 | 27 |
| Mar 2025 | $2,601 | $2,400 | 555 | 62% | 1.64 | 27 |
| Apr 2025 | $2,638 | $2,450 | 606 | 69% | 1.46 | 25 |
| May 2025 | $2,660 | $2,400 | 611 | 69% | 1.44 | 28 |
| Jun 2025 | $2,668 | $2,400 | 627 | 69% | 1.39 | 26 |
| Jul 2025 | $2,625 | $2,400 | 717 | 74% | 1.26 | 27 |
| Aug 2025 | $2,616 | $2,400 | 697 | 86% | 1.11 | 26 |
| Sep 2025 | $2,667 | $2,500 | 545 | 71% | 1.32 | 24 |
| Oct 2025 | $2,694 | $2,500 | 437 | 58% | 1.84 | 26 |
| Nov 2025 | $2,751 | $2,450 | 432 | 57% | 2.00 | 25 |
| Dec 2025 | $2,630 | $2,375 | 375 | 58% | 2.46 | 29 |
| Jan 2026 | $2,641 | $2,400 | 413 | 57% | 2.16 | 31 |
| Feb 2026 | $2,596 | $2,400 | 422 | 65% | 1.97 | 31 |
August 2025 stands out with a remarkable 86% SNLR and 1.11 months of inventory — peak landlord conditions in Vaughan's summer leasing season. The annual cycle shows strong absorption from March through August, with seasonal softening in December and January before demand re-accelerates. Investors should note that Vaughan has maintained MOI below 2.5 throughout the entire 13-month period, consistently signalling landlord-side market conditions.
Why Rent in Vaughan, Ontario?
TTC Subway Access
Vaughan Metropolitan Centre is the northern terminus of TTC Line 1 (Yonge-University), providing direct rapid transit to downtown Toronto — a differentiator unique to Vaughan in all of York Region.
Employment Hubs
The Vaughan Enterprise Zone and Highway 400 corridor host major employers across manufacturing, logistics, and technology sectors. Combined with easy access to Toronto's financial district, Vaughan draws a diverse professional renter base.
Amenities
Vaughan Mills (one of Ontario's largest retail centres), Canada's Wonderland, Promenade Shopping Centre, and extensive dining options in communities like Woodbridge, Maple, and Kleinburg offer diverse lifestyle amenities.
Lifestyle
From the urban density of VMC to the heritage villages of Kleinburg and Woodbridge, Vaughan offers housing options for every lifestyle — from young professionals in studio condos to families in master-planned communities like Vellore Village and Patterson.
Renting Tips for Tenants in Vaughan
Vaughan's 65% SNLR means the market favours landlords — especially in high-demand neighbourhoods. Being prepared before you apply is critical.
- Credit Report: Obtain a current credit report from Equifax or TransUnion. Most Vaughan landlords, particularly in VMC condo buildings, require a score of 650 or higher.
- Employment Letter: Secure a formal letter from your employer confirming your position, start date, and annual salary — ideally on letterhead.
- Recent Pay Stubs: Prepare the last two to three pay stubs as proof of current income.
- Rental References: Contact previous landlords in advance and confirm they are willing to provide a reference. In competitive markets like Vellore Village, a strong reference can be the deciding factor.
- Bank Statements: Some Vaughan landlords request 60–90 days of banking history to verify financial stability beyond income.
- Work With a Local Agent: A local REALTOR® provides access to listings before they are widely advertised and can help you submit a competitive application the same day you view a unit.
Vaughan Pro Tip: Units in Vellore Village (89% SNLR) and Beverley Glen (80% SNLR) move fastest — typically receiving multiple applications within 48–72 hours. In the VMC corridor, the market is more balanced due to higher supply, giving tenants slightly more time and negotiating room. Target your search to your budget and timeline accordingly.
What the Data Doesn't Tell You About Renting in Vaughan
Market reports show you regional averages. They don't show you that a well-priced two-bedroom condo near VMC gets four applications in 72 hours, while an overpriced three-bedroom in Kleinburg sits for 45 days.
After working across Vaughan's diverse sub-markets — from the VMC condo corridor to the executive communities of Patterson and Uplands — here are the on-the-ground patterns that don't appear in the headline numbers.
"Vaughan is not one rental market — it's six or seven. The VMC corridor operates like a downtown Toronto condo market: high volume, fast absorption, and price-sensitive tenants. Patterson and Vellore Village operate like suburban family markets: lower volume, premium pricing, and tenants who make decisions on quality of neighbourhood over price-per-square-foot. Investors and landlords who understand which market they're actually in will always outperform those who rely on city-wide averages."
— Matthew Gizzie, REALTOR® · Vaughan & York RegionThe VMC Subway Premium
Units within a 10-minute walk of Vaughan Metropolitan Centre subway station command a $150–$300/month premium over comparable units in Concord or Maple. For investors, VMC-proximate product is the most liquid and fastest to lease — but also carries the most competition from new supply. Proper pricing within 2–3% of comparable active listings is essential.
August Is Peak Season
August 2025 saw Vaughan's SNLR spike to 86% with 697 leases — peak landlord conditions driven by families moving before the school year and corporate relocations. Landlords who list in July–August have the most leverage. Tenants searching in January–February (like now) face the most negotiating room before spring competition escalates.
Sub-Market Price Gaps Are Significant
The gap between VMC's average rent ($2,120) and Uplands ($4,329) is over $2,200/month — within the same city. Investors and tenants who don't segment by neighbourhood risk mispricing by thousands annually. Concord and Brownridge represent the best value-to-transit balance; Vellore Village and Patterson serve family demand at premium pricing.
99% SP/LP Means No Room for Error
The 99% average sale-to-list-price ratio across Vaughan indicates that landlords who price correctly achieve close to asking. Units priced more than 5% above market comparables absorb significantly slower — Vaughan Corporate Centre's 36-day average DOM (vs. Uplands' 15 days) shows the impact of accurate vs. aspirational pricing at different ends of the market.
VMC Supply Is Still Growing
New condo completions in the Vaughan Corporate Centre corridor continue to add one and two-bedroom supply to the market. This is the primary driver behind VMC's below-average rent of $2,120 compared to Vaughan's city-wide average of $2,596. Pre-construction investors who closed in 2024–2025 may find VMC rents competitive with other sub-markets — unit differentiation and finishes matter more than ever in an environment of abundant similar supply.
Rent Control: New Builds Are Exempt
The majority of Vaughan's VMC and Concord condo inventory was built after November 15, 2018 and is exempt from Ontario rent control. Landlords can reset rents to market rates between tenancies. For long-term renters, a unit in an older Woodbridge or Maple building with pre-2018 occupancy offers rent-increase protection — worth paying a modest premium to secure.
Have a specific question about a Vaughan neighbourhood or rental strategy? I publish this report monthly and am happy to answer directly.
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Vaughan Rental Market – FAQ
Questions real tenants, landlords, and investors are searching for right now — answered with February 2026 MLS® data.
The data presented in this report is sourced from the MLS® System and reflects lease transactions recorded in February 2026 across Vaughan, Ontario. All metrics are for informational purposes only and do not constitute financial or investment advice. MLS® is a registered trademark of the Canadian Real Estate Association. Matthew Gizzie is a registered REALTOR® with Keller Williams Realty Centres, Brokerage.
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