Limelight - South Tower — Rental Market Data

Limelight - South Tower features 2 active listings as of August 31, 2026, with an asking price range between $2,900 and $3,700 per month, an average asking rent of $3,300 per month, and a median asking rent of $3,300 per month. Active suites maintain an average size of 800 square feet and an asking rate of $4.17 per square foot. The inventory distribution splits evenly between 1-Bedroom + Den and 2-Bedroom configurations, providing balanced representation across compact and multi-bedroom options.

The dominant active layout at Limelight - South Tower is the 1-Bedroom + Den, accounting for 1 listing and a 50% share of current inventory. The 1-Bedroom + Den tier averages $3,700 per month across 750 square feet at an asking rate of $4.93 per square foot. Meanwhile, the 2-Bedroom tier provides 1 listing representing the remaining 50% share, averaging $2,900 per month across 850 square feet at an asking rate of $3.41 per square foot.

Limelight - South Tower carries a minimum entry rent of $2,900 per month and a peak asking rent of $3,700 per month, creating a dollar spread of $800 and a percentage spread of 27.6%. Median asking rent sits at $3,300 per month. The entry-level suite consists of a 2-Bedroom layout offering 850 square feet at $3.41 per square foot, while the peak suite features a 1-Bedroom + Den layout spanning 750 square feet at $4.93 per square foot.

Active den premiums and square footage deltas at Limelight - South Tower cannot be isolated due to insufficient sample data. Parking premium data is similarly inconclusive with active parking status flagged as an unreliable outlier or insufficient sample, meaning parking fees cannot be reliably isolated from current listings.

Limelight - South Tower asks an average rent of $3,300 per month at $4.17 per square foot, comparing against the Mississauga City Centre submarket asking benchmark of $2,771 per month and $3.64 per square foot. The building's asking rate per square foot tracks 14.6% higher than the broader submarket asking benchmark while representing a micro-share of the 242 total active units across the submarket.

Limelight - South Tower achieves an average lease rent of $2,404 per month, sitting very close to the overall comp average of $2,387 per month across established local benchmarks. Limelight - North Tower at 360 Square One Dr reports an average lease rent of $2,390 per month at $3.52 per square foot across an average square footage of 694 square feet. Chicago Condominiums at 385 Prince of Wales Dr records an average lease rent of $2,255 per month at $3.74 per square foot across 621 square feet. Condominiums at Square One District at 395 Square One Dr commands an average lease rent of $2,516 per month at $3.61 per square foot across 705 square feet, while Limelight North Tower at 370 Square One Drive currently reports no active closed lease data.

Limelight - South Tower establishes its value proposition by offering an average lease rate of $3.55 per square foot across 699 square feet, securing a favorable pricing position relative to the submarket average asking rent of $2,771 per month and nearby modern alternatives. Renters evaluating the building trade brand-new 2025 construction finishes for larger, more traditional living spaces, as seen when comparing its 699 square foot average against Chicago Condominiums at 385 Prince of Wales Dr ($3.74 per square foot across 621 square feet). Furthermore, Limelight - South Tower offers a more competitive rate per square foot than the newer Condominiums at Square One District at 395 Square One Dr ($3.61 per square foot across 705 square feet), providing renters with enhanced space efficiency and lower overall utility burdens without sacrificing square footage.

Limelight - South Tower delivers an extensive, active-lifestyle amenity program that rivals or exceeds the offerings found across its immediate micro-market competitors. The property features signature amenities including a dedicated Yoga Studio, a Spin Studio, an indoor Basketball Court, a Rooftop Terrace, and a Car share program. When contrasted against nearby peers, the building matches or expands upon the standard offerings found at Limelight - North Tower at 360 Square One Dr while incorporating specialized wellness spaces that outpace older developments like Chicago Condominiums at 385 Prince of Wales Dr. This robust amenity package exceptionally serves fitness-focused professionals, young families, and active urban renters seeking a comprehensive wellness infrastructure within the Mississauga City Centre submarket.