Erin Mills — Rental Market Data

Erin Mills carries 6 active listings as of August 31, 2026, with asking rents ranging from $1,975 to $3,100 per month, an average of $2,537 and a median of $2,474. The average suite in the current inventory measures 693 square feet at an asking rate of $3.78 per square foot. The 1-Bedroom + Den layout dominates at 50 percent of available units, while the remaining three listings split evenly across Studio, 2-Bedroom, and 2-Bedroom + Den tiers, giving the inventory a balanced spread from compact entry-level to multi-bedroom executive options rather than a heavy skew toward either extreme.

The 1-Bedroom + Den layout leads active inventory at Erin Mills with three listings representing 50 percent of available units, averaging $2,450 per month across 650 square feet at $3.77 per square foot. The Studio tier offers one unit at $1,975 for 415 square feet ($4.76 per square foot), the 2-Bedroom tier lists one unit at $3,100 for 860 square feet ($3.60 per square foot), and the 2-Bedroom + Den tier carries one unit at $2,800 for 931 square feet ($3.01 per square foot). Each of the three single-listing tiers represents a unique deal with no direct in-building comparison, so renters should weigh submarket alternatives when evaluating those specific configurations.

Erin Mills active listings span a $1,125 spread from a $1,975 entry point to a $3,100 peak, a 57 percent range with a median asking rent of $2,474 per month. The entry-level Studio at 415 square feet carries the highest rate per square foot in the building at $4.76, reflecting the premium typically attached to compact footprints. At the top end, the 2-Bedroom suite at 860 square feet asks $3,100 per month at $3.60 per square foot, offering the most space-efficient pricing among active listings.

Den premiums at Erin Mills cannot be reliably quantified from the current active sample, as no paired den-versus-non-den comparison yields a statistically meaningful delta. Parking stall costs likewise cannot be isolated from the available data; the paired sample is insufficient to separate parking add-ons from base rents, so renters should request itemized parking quotes directly from the leasing office before committing.

Erin Mills active asking rent of $2,537 per month sits $148 below the Mississauga West submarket average of $2,685, while the building's $3.78 per square foot rate runs 4.1 percent above the submarket asking benchmark of $3.63 per square foot. The nominal rent advantage is partly offset by the building's slightly larger average footprint of 693 square feet compared to the submarket norm, meaning tenants pay a modest per-square-foot premium for the extra space. Erin Mills accounts for 6 out of 47 active listings in the Mississauga West submarket, representing roughly 13 percent of the total available inventory in that area.

Erin Mills realizes an average lease rent of $2,466 per month, which is $192 below the four-comp benchmark of $2,658, with the primary gap driven by the two Erin Square towers and Arc Condominiums – Erin Mills 2. Arc Condominiums – Erin Mills 2 (2520 Eglinton Ave W, 0.05 km, 22 closed leases) averages $2,584 per month at $3.39 per square foot across 778 square feet; the subject trades at a lower monthly rent by $118. Erin Square – Tower B (4675 Metcalfe Ave, 0.20 km, 13 closed leases) averages $2,744 per month at $3.56 per square foot across 776 square feet; the subject trades at a lower monthly rent by $278. Erin Square – Tower A (4655 Metcalfe Ave, 0.21 km, 16 closed leases) averages $2,877 per month at $3.43 per square foot across 853 square feet; the subject trades at a lower monthly rent by $411. The Kith (2485 Eglinton Ave W, 0.21 km, 19 closed leases) averages $2,426 per month at $3.81 per square foot across 653 square feet; the subject commands a higher monthly rent of $40 over The Kith.

Erin Mills leases at $3.66 per square foot on an average 683-square-foot suite, placing its rate per square foot above the four-comp benchmark of $3.55 while its total footprint sits 82 square feet below the comp average of 765. Against Arc Condominiums – Erin Mills 2, the subject commands a $0.27 per square foot (8.0%) premium while providing 95 fewer interior square feet; the lower nominal rent of $118 is a direct function of the smaller footprint rather than a weaker asset valuation. Versus Erin Square – Tower B, the subject commands a $0.10 per square foot (2.8%) premium with 93 fewer square feet, and the $278 rent gap again reflects the reduced interior area. Against Erin Square – Tower A, the subject commands a $0.23 per square foot (6.7%) premium while delivering 170 fewer square feet, making the $411 lower rent a space-driven differential. The Kith presents the inverse trade-off: the subject trades at a $0.15 per square foot (3.9%) discount below The Kith's $3.81 rate while providing 30 more interior square feet, meaning renters gain additional space at only a $40 higher total rent.

Erin Mills offers a ten-item amenity suite—gym, rooftop terrace, meeting room, media room, games room, party lounge, concierge, BBQ area, garden courtyard, and outdoor children's playground—that is functionally a subset of every nearby competitor's package. The 2022 Erin Square towers add indoor and outdoor pools, sauna and steam rooms, yoga studios, dining kitchens, library spaces, and pet wash stations that the subject does not carry; The Kith (2025) layers in a business centre, tennis and pickleball courts, EV charging, a walking track, and an outdoor fireplace beyond the subject's offering. Arc Condominiums – Erin Mills 2, the closest peer at 50 metres, includes an indoor pool, basketball court, library, and public plaza that Erin Mills lacks. The subject's lifestyle package is best suited to cost-conscious professionals and small families who value a secure, concierge-served building with a gym and rooftop access but do not require aquatic facilities, dedicated wellness studios, or on-site pet services to justify a higher monthly rent.