Downtown Burlington Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 51 tracked properties across Downtown Burlington, Burlington.
Downtown Burlington Rental Market Overview
Downtown Burlington represents a high-speed hotspot within the municipality of Burlington, driven by robust transaction velocity and rapid property turnover across 51 tracked residential developments. As of late September 2026, the submarket—encompassing postal forwarding sectors L7N and L7R—recorded an average realized rent of $2,691 per month based on 43 closed leases over the trailing 30 days, alongside 35 active listings currently on the market. Properties in the area command a modest premium over the broader Burlington municipal benchmark of $2,541 per month, reflecting a rent difference of $150 or 5.9%. The active inventory spans an average asking rent of $3,237 per month against realized contract figures, revealing a notable asking-to-realized spread of $546 per month as landlords adjust pricing expectations to meet active tenant demand. Activity is heavily anchored by 1-bedroom and 2-bedroom configurations, which account for the vast majority of executed transactions.
Get a free rent estimate for any Downtown Burlington condo
Analyze verified lease comps and active asking rates across 51 buildings in Downtown Burlington.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Downtown Burlington
Closed Leases
Transactions that closed in September 2026 across Downtown Burlington
Downtown Burlington Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Downtown Burlington Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Downtown Burlington, Burlington.
| Action | |||||
|---|---|---|---|---|---|
Nautique 370 Martha St | $2,583/mo | $3.92/SF | 12leases | 1unit | Comps |
Paradigm - West Tower 2081 Fairview St | $2,479/mo | $3.71/SF | 7leases | 2units | Comps |
Paradigm - Centre Tower 2087 Fairview St | $2,575/mo | $4.03/SF | 4leases | 4units | Comps |
Paradigm - East Tower 2093 Fairview St | $2,433/mo | $3.82/SF | 3leases | 6units | Comps |
Gallery Condos + Lofts 2007 James St | $2,550/mo | $4.01/SF | 3leases | 2units | Comps |
Strata 551 Maple Ave | $2,583/mo | $3.25/SF | 3leases | 0units | Comps |
Illumina 500 Brock Ave | $4,000/mo | $3.45/SF | 2leases | 4units | Comps |
Martha James Condominiums 2088 James Street | $3,025/mo | $3.91/SF | 2leases | 1unit | Comps |
The Berkeley 2025 Maria St | $2,698/mo | $3.73/SF | 2leases | 0units | Comps |
Beau Soleil 2075 Lakeshore Road | $2,700/mo | $3.98/SF | 1lease | 4units | Comps |
Empress 700 Dynes Rd | $2,200/mo | $2.00/SF | 1lease | 2units | Comps |
The Palace 1270 Maple Crossing Blvd | $2,300/mo | $3.28/SF | 1lease | 1unit | Comps |
2160 Lakeshore 2160 Lakeshore Road | $2,845/mo | $2.59/SF | 1lease | 1unit | Comps |
Bridgewater Residences - East 2060 Lakeshore Rd | $2,950/mo | $2.46/SF | 1lease | 1unit | Comps |
The Baxter 399 Elizabeth St | $4,000/mo | $4.00/SF | 1lease | 0units | Comps |
Lakewinds 1201 North Shore Blvd E | $3,950/mo | $7.41/SF | 1lease | 0units | Comps |
Sands 1225 North Shore Blvd E | $2,950/mo | $2.46/SF | 1lease | 0units | Comps |
Saratoga Village I 1415 Ghent Ave | $3,000/mo | $2.04/SF | 1lease | 0units | Comps |
2095 Prospect 2095 Prospect Street | $2,100/mo | $1.62/SF | 1lease | 0units | Comps |
Harbourview 415 Locust St | $4,000/mo | $2.67/SF | 1lease | 0units | Comps |
Residences of Village Square 430 Pearl St | $3,000/mo | $2.99/SF | 1lease | 0units | Comps |
Lakeforest 2210 Lakeshore Rd | $2,750/mo | $3.69/SF | 1lease | 0units | Comps |
Village Gate 2121 Lakeshore Rd | $2,475/mo | $3.30/SF | 1lease | 0units | Comps |
2161 Ghent Avenue 2161 Ghent Avenue | $2,300/mo | $3.07/SF | 1lease | 0units | Comps |
2433 First Street 2433 First Street | $2,000/mo | $2.50/SF | 1lease | 0units | Comps |
Robinson Court Apartments 799 Robinson Street | $1,895(ask) | $2.23 (ask) | 0leases | 3units | Comps |
849 Brant Street 849 Brant Street | $2,000(ask) | $3.38 (ask) | 0leases | 1unit | Comps |
1456 Olga Drive 1456 Olga Drive | $3,800(ask) | $3.65 (ask) | 0leases | 1unit | Comps |
2035 Prospect Street 2035 Prospect Street | $1,895(ask) | $2.23 (ask) | 0leases | 1unit | Comps |
Realm Condos 4787 Powers Common | — | — | 0leases | 0units | Comps |
Realm Condos 4875 Power Common | — | — | 0leases | 0units | Comps |
Grande Regency 1276 Maple Crossing Blvd | — | — | 0leases | 0units | Comps |
Spencer's Landing 442 Maple Ave | — | — | 0leases | 0units | Comps |
Bunton's Wharf 1477 Lakeshore Rd | — | — | 0leases | 0units | Comps |
Harbourlights 1237 North Shore Blvd E | — | — | 0leases | 0units | Comps |
Saratoga Village II 1425 Ghent Ave | — | — | 0leases | 0units | Comps |
360 on Pearl 360 Pearl St | — | — | 0leases | 0units | Comps |
Lakepoint 2190 Lakeshore Rd | — | — | 0leases | 0units | Comps |
The Saxony Condominiums 1441 Elgin St | — | — | 0leases | 0units | Comps |
The Walbrook 2411 New St | — | — | 0leases | 0units | Comps |
Maples 1272 Ontario St | — | — | 0leases | 0units | Comps |
Parkhill Manor I 2052 Courtland Dr | — | — | 0leases | 0units | Comps |
Parkhill Manor II 2054 Courtland Dr | — | — | 0leases | 0units | Comps |
Bridgewater Residences - West 1 Elizabeth St | — | — | 0leases | 0units | Comps |
Brant's Landing 2220-2222 Lakeshore Rd | — | — | 0leases | 0units | Comps |
Jesmondene 445 Elizabeth St | — | — | 0leases | 0units | Comps |
807 Robinson Street 807 Robinson Street | — | — | 0leases | 0units | Comps |
2043 Prospect Street 2043 Prospect Street | — | — | 0leases | 0units | Comps |
2049 Prospect 2049 Prospect Street | — | — | 0leases | 0units | Comps |
2393 New Street 2393 New Street | — | — | 0leases | 0units | Comps |
Hager Creek Place 770 Hager Avenue | — | — | 0leases | 0units | Comps |
370 Martha St
2081 Fairview St
2087 Fairview St
2093 Fairview St
2007 James St
551 Maple Ave
500 Brock Ave
2088 James Street
2025 Maria St
2075 Lakeshore Road
700 Dynes Rd
1270 Maple Crossing Blvd
2160 Lakeshore Road
2060 Lakeshore Rd
399 Elizabeth St
1201 North Shore Blvd E
1225 North Shore Blvd E
1415 Ghent Ave
2095 Prospect Street
415 Locust St
430 Pearl St
2210 Lakeshore Rd
2121 Lakeshore Rd
2161 Ghent Avenue
2433 First Street
799 Robinson Street
849 Brant Street
1456 Olga Drive
2035 Prospect Street
4787 Powers Common
4875 Power Common
1276 Maple Crossing Blvd
442 Maple Ave
1477 Lakeshore Rd
1237 North Shore Blvd E
1425 Ghent Ave
360 Pearl St
2190 Lakeshore Rd
1441 Elgin St
2411 New St
1272 Ontario St
2052 Courtland Dr
2054 Courtland Dr
1 Elizabeth St
2220-2222 Lakeshore Rd
445 Elizabeth St
807 Robinson Street
2043 Prospect Street
2049 Prospect Street
2393 New Street
770 Hager Avenue
Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in Downtown Burlington.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
Downtown Burlington Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Downtown Burlington
Downtown Burlington represents a high-speed hotspot within the municipality of Burlington, driven by robust transaction velocity and rapid property turnover across 51 tracked residential developments. As of late September 2026, the submarket—encompassing postal forwarding sectors L7N and L7R—recorded an average realized rent of $2,691 per month based on 43 closed leases over the trailing 30 days, alongside 35 active listings currently on the market. Properties in the area command a modest premium over the broader Burlington municipal benchmark of $2,541 per month, reflecting a rent difference of $150 or 5.9%. The active inventory spans an average asking rent of $3,237 per month against realized contract figures, revealing a notable asking-to-realized spread of $546 per month as landlords adjust pricing expectations to meet active tenant demand. Activity is heavily anchored by 1-bedroom and 2-bedroom configurations, which account for the vast majority of executed transactions.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Downtown Burlington is currently $2,691/month ($3.70/SF), with an average leasing velocity of 19 Days on Market. Compared to the overall Burlington municipal benchmark ($2,541/month), Downtown Burlington trades at a 6% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from 2433 First Street ($2,000/mo) to Illumina ($4,000/mo).
Month Over Month Trends
Month-over-month pricing in Downtown Burlington registered an upward adjustment, with average realized lease prices climbing by $174 or 6.91% compared to the prior 30-day window where 46 closed leases averaged $2,517 per month. This short-term variance reflects a higher concentration of larger multi-bedroom transactions and premium building completions closing during the current period, rather than broad structural rent inflation across identical floor plans.
Longer Term Trends & Rental Dispersion
Mid-term and baseline metrics confirm sustained pricing stability across Downtown Burlington, with 90-day realized lease averages holding at $2,541 per month across 174 transactions and 180-day baselines stabilizing at $2,523 per month across 374 closed leases. Overall rent dispersion highlights a wide spectrum of leasing options, bounded by a minimum realized rent of $1,575 per month and a maximum of $8,500 per month. The median monthly rent sits at $2,350 per month, while the interquartile range places the middle 50% of the market between a 25th percentile benchmark of $2,100 per month and a 75th percentile benchmark of $2,737 per month, resulting in an IQR spread of $637 between entry-level and executive units.
Currently across Downtown Burlington's 51 tracked multi-family properties, there are 35 active rental listings with an average asking rent of $3,237/month ($4.25/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,691/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Renters targeting Downtown Burlington should prepare for competitive conditions and move quickly when quality suites list, given the submarket's rapid 19-day average turnover. Prospective tenants can expect the middle 50% of the market to range between $2,100 and $2,737 per month. Stepping up from a standard 1-bedroom unit (averaging $2,162 per month) to a 2-bedroom layout (averaging $2,958 per month) requires an average monthly rent step-up of $796 (or 36.82%), delivering an additional 260 square feet of living space. Adding a den to a 1-bedroom configuration yields an average rent increase of $202 per month for an extra 91 square feet. Most private condo leases in the area feature unbundled parking arrangements, where secured garage stalls command verified monthly premiums ranging from $222 to $448 per month depending on the suite size.
For Landlords
Landlords and condo investors operating in Downtown Burlington must navigate a notable spread between aspirational asking prices and closed contract realities. With active listings averaging $3,237 per month against closed leases at $2,691 per month, overpricing inventory significantly above the $2,737 per month upper quartile threshold risks extending vacancy timelines beyond the 19-day market average. Properties priced in alignment with recent closed comps achieve rapid absorption supported by the submarket's 55.1% absorption rate. Investors should account for unbundled parking premiums—which add up to $448 per month for 2-bedroom configurations—when structuring lease agreements to maximize net rental yields.
For Realtors
Real estate professionals representing clients in Downtown Burlington benefit from high market liquidity and steady inventory turnover across the L7N and L7R postal codes. With 43 closed leases recorded over the trailing 30 days and an average days on market of 19 days, agents must advise clients to manage list-to-lease spreads proactively. Active asking rents average $3,237 per month while realized 30-day leases average $2,691 per month, underscoring the necessity of bridging valuation gaps during negotiations. Standard 1-bedroom and 2-bedroom inventory remains highly active, requiring agents to utilize recent interquartile benchmarks ($2,100 to $2,737 per month) to secure executed tenant contracts efficiently.
Downtown Burlington Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Downtown Burlington, Burlington
What is the average rent for a condominium or apartment in Downtown Burlington, Burlington?
Downtown Burlington's average realized lease price is $2,691 per month ($3.70 per square foot), based on 43 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market spans from $2,100 to $2,737 per month, placing local rents at a 5.9% premium compared to the broader Burlington municipal average of $2,541 per month.
How much is a 1-bedroom apartment in Downtown Burlington?
The average rent for a 1-bedroom apartment in Downtown Burlington, Burlington is $2,162 per month ($3.88 per square foot), while 1-bedroom plus den suites average $2,364 per month, based on 180-day tracking data. Most 1-bedroom units lease between $2,012 and $2,250 per month, with an average unit size of 565 square feet.
How much is a 2-bedroom apartment in Downtown Burlington?
The average rent for a 2-bedroom apartment in Downtown Burlington, Burlington is $2,958 per month ($3.70 per square foot), while 2-bedroom plus den suites average $3,120 per month, based on 180-day tracking data. Most 2-bedroom units lease between $2,600 and $3,100 per month, representing an average rent step-up of $796 per month and 260 additional square feet compared to standard 1-bedroom configurations.
How much is a 3-bedroom apartment in Downtown Burlington?
Three-bedroom apartment rentals in Downtown Burlington represent a highly scarce inventory segment with limited closed transactions recorded in the current tracking period. Historical 180-day data shows 4 closed leases averaging $5,031 per month at $3.27 per square foot across an average area of 1,493 square feet. Renters seeking multi-bedroom layouts should monitor active listings closely as larger suites become available.
What are the most affordable and premium condo and apartment buildings in Downtown Burlington?
Within Downtown Burlington, Bridgewater Residences - East commands the highest average lease rate at approximately $5,717 per month across tracked transactions, while entry-level private transactions across tracked submarket inventory start around $1,675 per month.
How does rent in Downtown Burlington compare to the overall Burlington average?
Downtown Burlington rents average $2,691 per month, which is higher than the overall Burlington average of $2,541 per month (a spread of $150 or 5.9%). Properties in Downtown Burlington spend an average of 19 days on the market—leasing 0 days slower than the broader Burlington municipal benchmark of 19 days.
What are the postal code FSAs for Downtown Burlington?
Condo and apartment rentals in Downtown Burlington primarily fall within postal forward sortation areas L7N and L7R.
How fast do rental units lease in Downtown Burlington (Days on Market)?
Properties in Downtown Burlington spend an average of 19 days on the market—leasing 0 days slower than the broader Burlington municipal benchmark of 19 days.
How should landlords price their rental listings in Downtown Burlington to avoid vacancy loss?
With active listings averaging $3,237 per month against closed leases at $2,691 per month—an asking-to-realized spread of $546 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy extending past the submarket average of 19 days.
How much more will a unit with a parking spot in Downtown Burlington rent for versus a unit without one?
Reserved parking in Downtown Burlington adds an estimated $222 to $448 per month across 1-bedroom and 2-bedroom layouts, respectively, based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Downtown Burlington rents?
Across most Ontario condominium developments, suite electricity and climate energy are individually metered and paid by the tenant, whereas water and building maintenance are covered by the owner's condo fees.
Explore Other Burlington Submarkets
Compare neighbourhood comps and rental rates for leased units across Burlington against Downtown Burlington