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Hamilton Rental Market Data & Neighbourhood Trends

Access granular residential building data, neighbourhood comps, and historical leasing metrics for 265 tracked properties across Hamilton.

Hamilton Rental Market Overview

FastScreen tracks 265 buildings across 4 municipal submarkets in Hamilton, establishing a broad transactional footprint for the local rental market. During the latest 30-day observation window, FastScreen recorded 174 leases at an average realized rent of $1,970 per month ($3.12 per square foot) and an average Days on Market of 44 days. Active inventory stands at 280 listings with an average asking rent of $2,054 per month ($3.00 per square foot), reflecting an asking-versus-realized spread of $84 per month. Hamilton's 30-day realized lease average sits $647 per month (or 24.72%) below the GTA benchmark of $2,617 per month, while local leasing velocity trails the GTA 30-day DOM benchmark of 24 days by 20 days.

Active Rental Inventory

Listed and Tracked by FastScreen as of September 2026

Current publicly listed rental units and asking prices across Hamilton

Active Listings
262units
Across 265 buildings
Average Asking Rent
$2,009/mo
Market Stability
Average SF
696SF
Typical suite layout
Average Asking Price / SF
$3.00/SF
Active density benchmark
Average Days on Market
57days
Active listing age

Rental Inventory Analysis At A Glance for Hamilton

Hamilton's active rental inventory comprises 280 listings with an average asking rent of $2,054 per month and an average rate of $3.00 per square foot across a recorded sample. When compared against the latest 30-day realized leasing average of $1,970 per month ($3.12 per square foot), asking rents reflect an average spread of $84 per month above closed transaction values. The absorption rate stands at 38.3 percent based on active listing and leasing volumes. Across the four FastScreen-tracked submarkets, asking and realized benchmarks vary widely, led by Dundas at an average lease price of $2,273 across 45 buildings and 87 historical leases, Stoney Creek at $2,001 across 27 buildings and 99 historical leases, Central Hamilton at $1,921 across 146 buildings and 494 historical leases, and Hamilton Mountain at $1,760 across 47 buildings and 36 historical leases.

Closed Leases

Transactions that closed in September 2026

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

Units Leased
72closed
Executed transactions
Average Leased Rent
$2,051/mo
+3.9% MoM Delta
Average Leased SF
760SF
Executed size average
Average Leased / SF
$2.90/SF
Realized per-foot rate
Average Days on Market
46days
Days to execute lease

Leasing Trends for Hamilton

Hamilton recorded 174 leases during the latest 30-day period with an average Days on Market of 44 days, matching the prior period's volume of 175 leases closely. Mid-term stabilization metrics show 538 leases over the last 90 days at an average price of $1,959 per month and 45 days on market, and 716 historical leases over the last 180 days at an average price of $1,967 per month and 43 days on market. Hamilton's 44-day average DOM is 20 days slower than the GTA 30-day average DOM benchmark of 24 days. Compared to adjacent municipalities, Hamilton's leasing velocity trails Burlington's 28-day effective DOM by 16 days, Oakville's 26-day effective DOM by 18 days, and Milton's 19-day effective DOM by 25 days.

Hamilton Neighbourhood Leaderboard & Directory

4 Submarkets

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

Central Hamilton
146 properties · 159 active listings
$1,990
average leased
Units Leased: 39
Days on Market: 46 days
-3.0% vs CityView Comps
Dundas
45 properties · 47 active listings
$2,226
average leased
Units Leased: 17
Days on Market: 45 days
+8.5% vs CityView Comps
Stoney Creek
27 properties · 30 active listings
$2,131
average leased
Units Leased: 11
Days on Market: 28 days
+3.9% vs CityView Comps
Hamilton Mountain
47 properties · 26 active listings
$1,758
average leased
Units Leased: 5
Days on Market: 85 days
-14.3% 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 Hamilton 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.

Hamilton Rental Market Dynamics & Local Trends

Key Residential Rental Market Overview

Hamilton represents an important rental submarket, offering a diverse mix of 265 condominium and apartment residences. Rental demand is sustained by local employment centers, highway connectivity, and competitive cost-of-living advantages.

Transit connectivity, arterial road networks, and regional employment hubs drive tenant mobility throughout Hamilton. Properties close to central retail corridors and transit hubs consistently maintain superior occupancy and shorter listing cycles.

Submarket Pricing and Turnover Synthesis

Within Hamilton, average lease rates range from $1,758 in Hamilton Mountain up to $2,226 in Dundas, reflecting a 27% pricing spread based on building age and location. The fastest leasing velocity is currently observed in Stoney Creek, with units averaging 28 Days on Market before executing a binding lease agreement.

Month Over Month Trends

Month-over-month data indicates a nominal shift in Hamilton's rental metrics, with average realized lease prices moving by -$22 per month (a -1.10% change) from $1,992 per month across 175 leases in the prior 30-day period to $1,970 per month across 174 leases in the latest 30-day window. With transaction counts remaining stable at 174 and 175 leases respectively, this minor adjustment reflects standard transaction mix shifts across unit sizes rather than a structural correction in municipal rent levels.

Longer Term Trends

Over the all-time historical observation window, FastScreen has recorded 716 municipal leases in Hamilton with an average lease price of $1,967 per month, a realized rate of $3.09 per square foot, and an average Days on Market of 43 days. Overall rent dispersion spans an entry-level floor of $100 to an upper ceiling of $3,700 per month, with a median rent of $1,900. The middle 50 percent of the market clusters tightly between a 25th percentile of $1,700 and a 75th percentile of $2,200 per month, representing an interquartile range (IQR) of $500. Rolling mid-term baselines—such as the 180-day average of $1,967 per month across 716 leases—confirm steady long-term pricing stability across Hamilton's tracked building stock.

For Renters

Renters evaluating Hamilton can leverage clear bedroom-level pricing steps and substantial inventory depth across 265 tracked buildings. The middle 50 percent of the rental market spans from a 25th percentile of $1,700 to a 75th percentile of $2,200 per month, anchored by a median rent of $1,900. Moving from a 1-bedroom unit (average realized rent of $1,806 per month across 574 sqft) to a 2-bedroom unit (average realized rent of $2,226 per month across 792 sqft) requires a rent step-up of $420 per month (23.26%), accompanied by an additional 218 square feet of space at a slightly lower realized rate of $2.89 per square foot. Asking-versus-realized spreads average $84 per month, providing modest room for negotiation against active listings. For renters seeking alternative options, nearby Burlington ($2,381 effective average rent), Oakville ($2,439), and Milton ($2,369) offer higher-priced regional alternatives.

For Landlords

Landlords pricing rental units in Hamilton should anchor their strategies on closed realized transactions rather than peak asking inventory. Active listings average $2,054 per month compared to a recent 30-day realized lease average of $1,970 per month, reflecting an asking-versus-realized spread of $84 per month that underscores the risk of overpricing in a 44-day average DOM market. Bedroom configuration dictates pricing parameters: 1-bedroom units lease at an average of $1,806 per month ($3.26/sqft), while 2-bedroom units achieve an average of $2,226 per month ($2.89/sqft). Landlords should also factor in parking dynamics—while 1-bedroom units with parking command a positive premium of $196 per month over non-parking units, pricing must account for localized submarket variations, ranging from Hamilton Mountain's $1,760 average benchmark to Dundas's $2,273 average benchmark.

For Realtors

Real estate professionals structuring rental CMAs in Hamilton can utilize FastScreen's robust historical sample of 716 recorded leases and 280 active listings to establish defensible pricing models. When local 30-day velocity is constrained by a 44-day average DOM, agents should rely on rolling mid-term metrics—such as the 180-day average of $1,967 per month across 716 leases—to smooth monthly transaction volatility. Realized versus asking spreads (averaging $84 per month municipally) and square-foot pricing rates (averaging $3.12 per square foot over 30 days) provide critical levers for client advisory. Furthermore, comparing Hamilton's $1,970 effective rent against adjacent municipal benchmarks in Burlington ($2,381) and Oakville ($2,439) allows agents to contextualize Hamilton's 24.72% discount relative to the broader GTA pricing landscape.

Frequently Asked Questions

Hamilton Rental Market & Leasing FAQs

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

What is the average rent for a condominium or apartment in Hamilton?
Hamilton's average realized lease price for an apartment or condominium is $1,970 per month ($3.12 per square foot), based on FastScreen's 30-day transaction records of 174 recent leases with an average Days on Market of 44 days. The historical all-time average lease price stands at $1,967 per month across 716 total historical leases, backed by an overall median rent of $1,900 and a full transaction dispersion ranging from $100 to $3,700 per month. Hamilton's rental benchmark sits 24.72% below the GTA 30-day average of $2,617 per month.
How much is a 1-bedroom apartment in Hamilton?
Hamilton's average realized lease price for a 1-bedroom apartment is $1,806 per month ($3.26 per square foot), based on FastScreen's historical transaction records of 289 recorded leases with an average unit size of 574 square feet. Active 1-bedroom listings average $1,815 per month ($3.26 per square foot across 569 square feet), reflecting a minimal asking-versus-realized spread of $9 per month. Units leased with parking achieved an average rent of $1,887 per month compared to $1,691 per month without parking, establishing a positive municipal parking premium of $196 per month.
How much is a 2-bedroom apartment in Hamilton?
Hamilton's average realized lease price for a 2-bedroom apartment is $2,226 per month ($2.89 per square foot), based on FastScreen's historical transaction records of 212 recorded leases with an average unit size of 792 square feet. Active 2-bedroom listings average $2,220 per month ($2.76 per square foot across 832 square feet), showing an asking-to-realized spread of -$6 per month. Units leased with parking commanded an average rent of $2,262 per month compared to $2,092 per month without parking, yielding a positive parking premium of $170 per month. Two-bedroom units represent a core transactional tier in Hamilton, capturing strong leasing volume backed by 51 leases recorded in the latest 30-day window.
How much is a 3-bedroom apartment in Hamilton?
Hamilton's average realized lease price for a 3-bedroom or larger apartment is $2,530 per month ($2.59 per square foot), based on FastScreen's historical transaction records of 19 recorded leases with an average unit size of 1,019 square feet. Active 3-bedroom listings average $2,727 per month ($2.52 per square foot across 1,111 square feet), resulting in an asking-versus-realized spread of $197 per month. Units leased with parking averaged $2,590 per month compared to $2,399 per month without parking, generating a positive parking premium of $191 per month. Because this category relies on a limited historical sample of 19 recorded leases, figures should be viewed as directional benchmarks rather than high-volume market averages.
Which neighbourhoods in Hamilton are the most affordable versus most premium?
Hamilton's rental market is distributed across four distinct FastScreen-tracked submarkets, led by Dundas as the highest rental benchmark at an average lease price of $2,273 across 45 buildings and 87 historical leases, followed by Stoney Creek at $2,001 across 27 buildings and 99 historical leases, Central Hamilton at $1,921 across 146 buildings and 494 historical leases, and Hamilton Mountain as the most affordable submarket at an average lease price of $1,760 across 47 buildings and 36 historical leases.
What area codes in Hamilton have the most expensive rental units? What area codes have the least?
The current dataset does not contain enough FSA-level variation to establish a premium versus affordable ranking across different area codes in Hamilton, as FastScreen tracks municipal data primarily through its four established submarkets (Central Hamilton, Stoney Creek, Dundas, and Hamilton Mountain) rather than postal FSA breakdowns.
Which postal codes (FSAs) and neighbourhoods are covered in Hamilton's rental data?

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

  • Central Hamilton L8H, L8K, L8L, L8M: $1,990/month average leased rent
  • Hamilton Mountain L8H, L8K, L8L, L8M: $1,758/month average leased rent
  • Dundas L0R, L8B, L8N, L8P: $2,226/month average leased rent
  • Stoney Creek L8E, L8G, L8H, L8K: $2,131/month average leased rent
How fast do rental properties lease in Hamilton?
Hamilton rental properties lease in an average of 44 days, based on FastScreen's latest 30-day transaction records across 174 leases. This 30-day average matches the rolling 90-day DOM of 45 days and compares closely with the historical all-time average DOM of 43 days. Hamilton's leasing velocity is 20 days slower than the GTA 30-day average DOM benchmark of 24 days, and trails nearby Burlington (28-day effective DOM) by 16 days, Oakville (26-day effective DOM) by 18 days, and Milton (19-day effective DOM) by 25 days.
How much more will a unit with a parking spot in Hamilton rent for versus a unit without one?
In Hamilton, units leased with parking command positive monthly premiums across standard bedroom categories over units leased without parking, including a $196 per month premium for 1-bedroom units ($1,887 with parking versus $1,691 without), a $384 per month premium for 1-bedroom + den units, a $170 per month premium for 2-bedroom units ($2,262 with parking versus $2,092 without), a $443 per month premium for 2-bedroom + den units, and a $191 per month premium for 3-bedroom units ($2,590 with parking versus $2,399 without).
How should Hamilton landlords price their rental units to prevent vacancy?
Hamilton landlords should price rental units by closely aligning asking rents with recent closed transaction averages to prevent extended vacancies in a market where the average Days on Market stands at 44 days. Active listings currently average $2,054 per month against a recent 30-day realized lease average of $1,970 per month, leaving an asking-versus-realized spread of $84 per month. Landlords must evaluate bedroom-specific benchmarks—such as $1,806 per month for 1-bedroom units and $2,226 per month for 2-bedroom units—and account for positive parking premiums where applicable, while factoring in submarket pricing differences that range from Hamilton Mountain ($1,760) up to Dundas ($2,273).
Are parking spaces, lockers, and utilities included in Hamilton rents?
FastScreen's municipal dataset for Hamilton tracks explicit transaction pricing differentials for units leased with and without parking stalls (establishing positive premiums such as $196 per month for 1-bedroom units and $170 per month for 2-bedroom units), but the supplied data does not contain specific inclusion records or municipal baseline metrics regarding lockers, hydro, water, or general utility inclusions.