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Burlington Rental Market Data & Neighbourhood Trends

Access granular residential building data, neighbourhood comps, and historical leasing metrics for 135 tracked properties across Burlington.

Burlington Rental Market Overview

FastScreen tracks 135 buildings across Burlington, spanning 3 distinct submarkets led by Downtown Burlington, Burlington North, and Aldershot. During the latest 30-day observation window, Burlington recorded 87 leases at an average realized price of $2,381 per month ($3.58 per square foot) and an average Days on Market of 28 days. Across the broader dataset, Burlington's all-time historical lease average stands at $2,371 per month ($3.59 per square foot) across 619 recorded leases. Burlington's rental market trades at a 9.02% discount relative to the Greater Toronto Area 30-day average of $2,617 per month, while maintaining a slower leasing velocity by 4 days compared to the GTA 24-day benchmark.

Active Rental Inventory

Listed and Tracked by FastScreen as of September 2026

Current publicly listed rental units and asking prices across Burlington

Active Listings
76units
Across 135 buildings
Average Asking Rent
$2,751/mo
Market Stability
Average SF
748SF
Typical suite layout
Average Asking Price / SF
$3.93/SF
Active density benchmark
Average Days on Market
33days
Active listing age

Rental Inventory Analysis At A Glance for Burlington

Burlington features 69 active rental listings with an average asking rent of $2,722 per month and an average asking rate of $4.00 per square foot. The current asking-versus-realized spread is $341 per month, indicating that landlords are initially listing properties above final execution prices. With 69 active listings and 87 leases recorded over the latest 30-day period, the absorption rate sits at 55.8%. When evaluated against nearby regional markets, Burlington sits above Hamilton's effective average rent of $1,970 per month, while trading slightly below Oakville's $2,439 per month and closely aligned with Milton's $2,369 per month.

Closed Leases

Transactions that closed in September 2026

Executed lease contracts and actual realized rents agreed upon between landlords and tenants

Units Leased
33closed
Executed transactions
Average Leased Rent
$2,582/mo
+8.4% MoM Delta
Average Leased SF
749SF
Executed size average
Average Leased / SF
$3.60/SF
Realized per-foot rate
Average Days on Market
29days
Days to execute lease

Leasing Trends for Burlington

Leasing velocity in Burlington averaged 28 days on market over the latest 30-day window across 87 recorded leases, matching the 180-day average DOM of 29 days and tracking moderately slower than the 90-day DOM of 31 days. Short-term transaction volume slowed compared to the prior 30-day period, which recorded 159 leases at an average price of $2,372 per month and a 30-day volume drop of 72 leases. Burlington's 28-day leasing pace is 4 days slower than the GTA 30-day benchmark of 24 days, while comparing favorably to Hamilton's 44-day effective DOM by 16 days, though trailing Milton's 19-day effective benchmark by 9 days and Oakville's 26-day benchmark by 2 days.

Burlington Neighbourhood Leaderboard & Directory

3 Submarkets

Compare average leased rents, transaction volume, active inventory, and turnover velocity across all neighbourhoods in Burlington

Downtown Burlington
51 properties · 30 active listings
$2,594
average leased
Units Leased: 19
Days on Market: 30 days
+0.5% vs CityView Comps
Burlington North
67 properties · 29 active listings
$2,774
average leased
Units Leased: 10
Days on Market: 29 days
+7.4% vs CityView Comps
Aldershot
17 properties · 17 active listings
$2,048
average leased
Units Leased: 4
Days on Market: 22 days
-20.7% vs CityView Comps
Calculation Methodology & Metrics Context (September 2026)
Average Leased Rent:

Calculated from completed residential leases executed in September 2026 across tracked multi-family properties in that submarket.

Spread vs City:

The percentage premium or discount of that neighbourhood's average lease price relative to the overall Burlington municipal benchmark.

Units Leased:

Total verified residential lease agreements completed and finalized in September 2026, demonstrating submarket liquidity.

Average Days on Market:

The average calendar duration between the initial public listing date and the finalized binding lease agreement.

Burlington Rental Market Dynamics & Local Trends

Halton's Balanced Lakefront Community

Burlington offers a rare blend of vibrant waterfront living, proximity to the Niagara Escarpment, and direct highway connections to both Toronto and Hamilton.

With multiple GO stations along the Lakeshore West corridor and easy access to the QEW and Highway 403, Burlington attracts both hybrid commuters and local healthcare/advanced manufacturing professionals.

Submarket Pricing and Turnover Synthesis

Within Burlington, average lease rates range from $2,048 in Aldershot up to $2,774 in Burlington North, reflecting a 35% pricing spread based on building age and location. The fastest leasing velocity is currently observed in Aldershot, with units averaging 22 Days on Market before executing a binding lease agreement.

Month Over Month Trends

Burlington recorded 87 leases in the latest 30-day period at an average price of $2,381 per month, compared to 159 leases at $2,372 per month in the prior 30-day window. Pre-calculated month-over-month figures indicate a nominal dollar increase of $9 per month, representing a 0.38% increase in average realized rent. Because the observation period captured 87 transactions following a 159-lease prior window, this movement reflects transaction composition and unit mix variance rather than a sharp market-wide shift.

Longer Term Trends

Burlington's all-time historical dataset encompasses 619 recorded leases at an average rent of $2,371 per month ($3.59 per square foot) and an average DOM of 29 days. Mid-term rolling metrics demonstrate consistent stability, with 400 leases recorded over the last 90 days averaging $2,360 per month ($3.60 per square foot, 31 DOM) and 619 leases over the last 180 days averaging $2,371 per month ($3.59 per square foot, 29 DOM). Overall rental dispersion spans from an entry-level floor of $1,550 per month to an upper ceiling of $8,500 per month, with a median rent of $2,250 per month. The middle 50 percent of the market clusters tightly between the 25th percentile of $2,078 per month and the 75th percentile of $2,500 per month, representing an interquartile range of $422 per month across the 619-lease sample.

For Renters

Renters evaluating Burlington can expect a median rent of $2,250 per month, with core properties in the middle 50 percent of the market clustering between $2,078 and $2,500 per month. Bedroom-level expansion shows clear price step-ups: moving from a 1-bedroom ($2,088 per month, 566 sq ft) to a 2-bedroom ($2,703 per month, 793 sq ft) requires an additional $615 per month (+29.45%) for 227 square feet of extra space. Asking rents exceed realized execution prices by $341 per month across active listings ($2,722 asking vs. $2,381 realized), providing tenants room to negotiate against initial list prices. For renters seeking alternatives, nearby Hamilton offers a lower effective average rent of $1,970 per month, whereas Oakville provides a higher benchmark at $2,439 per month.

For Landlords

Landlords pricing rental stock in Burlington must account for the $341 per month spread between average asking rents ($2,722) and realized lease prices ($2,381), as overpricing risks extending marketing times beyond the municipal 28-day average. Transaction data indicates that parking inclusion yields measurable financial premiums: 1-bedroom units leased with parking achieved a $139 per month premium ($2,097) over units leased without parking ($1,958), while 2-bedroom units with parking commanded a $117 per month premium ($2,705 vs. $2,588). Properties must be competitive against active inventory of 69 listings and regional alternatives in Oakville and Milton to secure tenants efficiently.

For Realtors

Real estate professionals structuring a rental CMA in Burlington can rely on a robust historical sample of 619 recorded leases averaging $2,371 per month ($3.59 per square foot) alongside 90-day and 180-day rolling benchmarks that confirm price stability. With 87 leases closed in the last 30 days at an average DOM of 28 days, agents should advise clients that properties trade at a 9.02% discount to the GTA average ($2,617). The asking-versus-realized spread of $341 per month highlights the importance of anchoring pricing to closed transaction data rather than active asking averages ($2,722). Burlington's submarket spread—ranging from $2,213 in Burlington North to $2,501 Downtown—demands precise hyper-local comparables.

Frequently Asked Questions

Burlington Rental Market & Leasing FAQs

Essential answers for tenants, property owners, and real estate professionals navigating Burlington

What is the average rent for a condominium or apartment in Burlington?
Burlington's average realized lease price for an apartment or condominium is $2,381 per month ($3.58 per square foot), based on FastScreen's latest 30-day transaction sample of 87 leases. The all-time historical municipal average stands at $2,371 per month ($3.59 per square foot) across 619 recorded leases, with a median rent of $2,250 per month and a full dispersion range spanning from $1,550 to $8,500 per month. Burlington's rent levels trade 9.02% below the Greater Toronto Area 30-day average of $2,617 per month.
How much is a 1-bedroom apartment in Burlington?
Burlington's average realized lease price for a 1-bedroom apartment is $2,088 per month ($3.76 per square foot), based on FastScreen's historical transaction records of 241 recorded leases with an average unit size of 566 square feet. Active 1-bedroom listings average $2,286 per month ($3.90 per square foot, 596 square feet), reflecting an asking-versus-realized spread of $198 per month. Units leased with parking achieved an average of $2,097 per month compared to $1,958 per month without parking, establishing a $139 per month parking premium.
How much is a 2-bedroom apartment in Burlington?
Burlington's average realized lease price for a 2-bedroom apartment is $2,703 per month ($3.52 per square foot), based on FastScreen's historical transaction records of 203 recorded leases with an average unit size of 793 square feet. Active 2-bedroom listings average $2,630 per month ($3.68 per square foot, 769 square feet). Two-bedroom units leased with parking averaged $2,705 per month compared to $2,588 per month without parking, yielding a $117 per month parking premium. This category represents a major segment of the municipal dataset, trading $615 per month above 1-bedroom units.
How much is a 3-bedroom apartment in Burlington?
Burlington's average realized lease price for a 3-bedroom or larger apartment is $3,754 per month ($3.04 per square foot), based on FastScreen's historical transaction records of 7 recorded leases with an average unit size of 1,197 square feet. Active 3-bedroom or larger listings average $3,300 per month ($2.19 per square foot, 1,507 square feet). Due to the limited sample of 7 historical leases, this figure represents a directional transaction benchmark rather than a high-volume market average.
Which neighbourhoods in Burlington are the most affordable versus most premium?
Burlington's rental market is divided into three FastScreen-tracked submarkets, with Downtown Burlington representing the most premium benchmark at an average lease price of $2,501 per month across 332 recorded leases and 51 buildings. Burlington North serves as the most affordable submarket, recording an average lease price of $2,213 per month across 248 leases and 67 buildings, while Aldershot records an average lease price of $2,275 per month across 39 leases and 17 buildings.
What area codes in Burlington have the most expensive rental units? What area codes have the least?
Burlington's sample postal FSA L7L reflects general municipal pricing, while FastScreen's submarket data indicates that Downtown Burlington commands the highest rental benchmark at $2,501 per month, followed by Aldershot at $2,275 per month and Burlington North at $2,213 per month. The current dataset does not contain sufficient granularity to rank individual postal codes beyond these tracked submarket boundaries.
Which postal codes (FSAs) and neighbourhoods are covered in Burlington's rental data?

FastScreen tracks residential lease transactions across Burlington's primary postal code districts (FSAs):

  • Burlington North L7L, L7M, L7P: $2,774/month average leased rent
  • Downtown Burlington L7N, L7R, L7S: $2,594/month average leased rent
  • Aldershot L7T: $2,048/month average leased rent
How fast do rental properties lease in Burlington?
Rental properties in Burlington lease in an average of 28 days, based on FastScreen's latest 30-day observation window across 87 recorded leases. This current 30-day average aligns closely with Burlington's 180-day historical average DOM of 29 days. Burlington's leasing velocity is 4 days slower than the GTA 30-day benchmark of 24 days, while leasing 16 days faster than Hamilton's effective average of 44 days and 9 days slower than Milton's 19-day effective benchmark.
How much more will a unit with a parking spot in Burlington rent for versus a unit without one?
In Burlington, units leased with parking commanded an average premium of $139 per month for 1-bedroom apartments ($2,097 with parking versus $1,958 without parking) and $117 per month for 2-bedroom apartments ($2,705 with parking versus $2,588 without parking). For asking listings, 1-bedroom units with parking showed a $193 per month premium over non-parking counterparts.
How should Burlington landlords price their rental units to prevent vacancy?
Burlington landlords should price rental units by anchoring to realized lease averages of $2,381 per month rather than active asking averages of $2,722 per month, accounting for the current $341 per month asking-versus-realized spread. With average Days on Market at 28 days and 69 active listings competing for tenants, pricing accurately prevents extended vacancies. Landlords should also factor in parking value, as units bundled with parking command demonstrated monthly premiums (such as $139 for 1-bedrooms and $117 for 2-bedrooms).
Are parking spaces, lockers, and utilities included in Burlington rents?
FastScreen's municipal transaction data for Burlington confirms that parking inclusion rates and parking premiums are tracked across lease categories—such as 1-bedroom units showing an average realized rent of $2,097 with parking versus $1,958 without parking—but the supplied dataset does not contain specific information regarding lockers, hydro, water, or general utility inclusion practices.