Downtown Burlington Apartments for Rent & Condo Comps

Downtown Burlington's average realized lease price is $2,514 per month ($3.57 per square foot), based on 47 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges between $2,100 (25th percentile) and $2,700 (75th percentile) per month, positioning submarket rents 5.59% higher than the broader Burlington municipal average of $2,381.

The average rent for a 1-bedroom apartment in Downtown Burlington, Burlington is $2,284 per month ($3.86 per square foot), while 1-bedroom plus den suites average $2,483 per month, based on 30-day tracking data through August 31, 2026. Most 1-bedroom units lease between $2,000 (25th percentile) and $2,200 (75th percentile) per month with an average size of 561 square feet.

The average rent for a 2-bedroom apartment in Downtown Burlington, Burlington is $2,783 per month ($3.37 per square foot), while 2-bedroom plus den suites average $2,713 per month, based on 30-day tracking data through August 31, 2026. Most 2-bedroom units lease between $2,600 (25th percentile) and $3,100 (75th percentile) per month, representing a rent step-up of $808 and an additional 263 square feet compared to standard 1-bedroom layouts.

Three-bedroom apartment rentals in Downtown Burlington represent a highly scarce inventory segment with zero closed transactions recorded in the current 30-day tracking period, though 180-day historical figures indicate an average lease price of $5,688 per month across 1,400 square feet. Renters seeking multi-bedroom layouts should monitor active listings closely as larger suites become available.

Within Downtown Burlington, Bridgewater Residences - East commands the highest average lease rate at approximately $7,100 per month, while entry-level private transactions across tracked submarket inventory start around $1,675 per month.

Downtown Burlington rents average $2,514 per month, which is higher than the overall Burlington average of $2,381 per month (a spread of $133 or 5.59%). Properties in Downtown Burlington spend an average of 24 days on the market—leasing 4 days faster than the broader Burlington municipal benchmark of 28 days.

Condo and apartment rentals in Downtown Burlington primarily fall within postal forward sortation areas such as L7N and L7R.

Rental listings in Downtown Burlington spend an average of 24 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 4 days faster than the broader Burlington municipal benchmark of 28 days.

With active listings averaging $3,109 against closed leases at $2,514—an asking-to-realized spread of $595 per month—landlords should align pricing with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy from extending past the submarket average of 24 days.

Reserved parking in Downtown Burlington adds an estimated $209 to $301 per month across 1-bedroom and 2-bedroom layouts based on verified unbundled lease comps.

Across most Ontario condominium developments, suite electricity (hydro) and climate energy are individually metered and paid by the tenant, whereas water and building maintenance are covered by the owner's condo fees.