540 King Street East — Rental Market Data

540 King Street East carries 2 active listings as of August 31, 2026, spanning a price range of $1,350 to $1,595 per month, with an average rent of $1,473 per month and a median rent of $1,472 per month. Current inventory averages 491 square feet with an asking rate of $3.05 per square foot. The active inventory features a balanced split between 1-Bedroom and 2-Bedroom configurations, offering equal representation across compact and mid-sized layouts.

The dominant active layout at 540 King Street East is the 1-Bedroom, accounting for 1 listing and a 50 percent share of total current inventory. The 1-Bedroom layout offers an average rent of $1,350 per month across an average of 405 square feet at $3.33 per square foot. Meanwhile, the 2-Bedroom tier provides 1 active listing representing the remaining 50 percent share, commanding an average rent of $1,595 per month across an average of 576 square feet at $2.77 per square foot.

540 King Street East features a minimum entry rent of $1,350 per month and a peak asking rent of $1,595 per month, creating a dollar spread of $245 and a percentage spread of 18.1 percent. The median asking rent sits at $1,472 per month. The entry-level suite consists of a 1-Bedroom layout measuring 405 square feet priced at $3.33 per square foot, contrasted against the peak suite represented by a 2-Bedroom layout measuring 576 square feet priced at $2.77 per square foot.

540 King Street East currently has no quantified active den premium or square footage delta recorded for available suites. Consequently, marginal costs for extra den space cannot be calculated due to a lack of distinct den inventory. Furthermore, active parking premiums cannot be reliably isolated from current listings due to an insufficient paired sample.

540 King Street East commands an average asking rent of $1,473 per month at $3.05 per square foot, compared to the broader Central Hamilton submarket asking benchmark of $2,026 per month at $2.94 per square foot. The lower nominal monthly outlay at the building is driven by more compact suite sizing rather than cheaper unit pricing, resulting in a rate premium of 3.7 percent above submarket asking levels while representing a 1.0 percent share of submarket inventory.

540 King Street East achieves an average lease rent of $1,350 per month, trading in close alignment with the overall micro-market comp average of $1,380 per month across benchmarked nearby properties. Individual local comparables include 36 Grant Avenue at 36 Grant Avenue, which reported an average lease rent of $1,380 per month, $3.14 per square foot, and an average square footage of 440 square feet. Additional pipeline properties in the immediate vicinity—such as 599 King at 599 King Street, 463-477 King East at 477 King Street E, and 468 Main Street E at 468 Main Street E—currently maintain active listing counts without closed lease histories in the past 180 days.

540 King Street East establishes its value proposition by offering an average leased rate of $3.33 per square foot across an average suite size of 405 square feet, positioning it at a $0.19 per square foot premium over 36 Grant Avenue while tracking near the broader submarket asking benchmark of $2.94 per square foot. Renters evaluating this building versus older or larger alternatives experience modern layout efficiencies and contemporary finish tiers that maximize usable space. While 36 Grant Avenue provides slightly larger average footprints of 440 square feet at $3.14 per square foot, 540 King Street East appeals to tenants prioritizing brand-new construction, optimized square footage, and lower total monthly utility burdens.

540 King Street East delivers a curated lifestyle and amenity profile anchored by concierge and security, a shared laundry room, and a garden and courtyard. When contrasted against nearby peers, the building shares foundational features with 36 Grant Avenue, which also provides a shared laundry room and concierge and security, as well as with 463-477 King East, which incorporates a rooftop terrace alongside its shared laundry and security offerings. Meanwhile, 468 Main Street E offers a more streamlined amenity program limited to a shared laundry room. This amenity package makes 540 King Street East particularly well-suited for urban professionals and value-conscious renters seeking essential building services paired with accessible outdoor green space.