Markham City Centre Apartments for Rent & Condo Comps

Markham City Centre's average realized lease price is $2,455 per month ($3.62 per square foot), based on 130 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market spans from $2,200 (25th percentile) to $2,750 (75th percentile) per month, with an overall median rent of $2,400. This positions submarket rents at a slight discount of 2.04% compared to the broader Markham municipal benchmark of $2,506 per month.

The average rent for a 1-bedroom apartment in Markham City Centre, Markham is $2,217 per month ($3.78 per square foot) based on 31 closed leases over the trailing 30 days, while 1-bedroom plus den suites average $2,356 per month ($3.64 per square foot) across 66 closed leases over the same 30-day window. Most standard 1-bedroom units lease between $2,100 (25th percentile) and $2,200 (75th percentile) per month, offering an average living space of 573 square feet.

The average rent for a 2-bedroom apartment in Markham City Centre, Markham is $2,779 per month ($3.45 per square foot) based on 22 closed leases over the trailing 30 days, while 2-bedroom plus den suites average $3,203 per month ($3.03 per square foot) across 9 closed leases over the same 30-day window. Most standard 2-bedroom units lease between $2,675 (25th percentile) and $2,899 (75th percentile) per month, representing an average monthly price step-up of $620 and an additional 249 square feet compared to standard 1-bedroom layouts.

The average rent for a 3-bedroom apartment in Markham City Centre, Markham is $3,100 per month ($5.64 per square foot) based on 1 closed lease over the trailing 30 days, while 90-day historical data across 6 transactions shows an average of $3,375 per month across an average of 1,078 square feet. Three-bedroom apartment rentals in Markham City Centre represent a scarce inventory segment, with only 3 active listings currently available on the market.

Within Markham City Centre, Residences of Casa Del Sol (B) commands the highest average lease rate at approximately $3,100 per month, while entry-level private transactions across tracked submarket condo inventory start around $2,083 per month at developments such as Eko Markham Centre - Noa 2.

Markham City Centre rents average $2,455 per month, which is lower than the overall Markham municipal average of $2,506 per month (a spread of $51 or 2.04%). Properties in Markham City Centre spend an average of 27 days on the market, matching the broader Markham municipal average of 27 days.

Condo and apartment rentals in Markham City Centre primarily fall within postal forward sortation areas (FSAs) such as L3R.

Rental listings in Markham City Centre spend an average of 27 days on the market before leasing, based on 30-day tracking through August 31, 2026—matching the broader Markham municipal benchmark of 27 days.

With active listings averaging $2,692 against closed leases at $2,455—an asking-to-realized spread of $237 per month—landlords in Markham City Centre should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy from extending past the submarket average of 27 days.

Reserved parking in Markham City Centre adds an estimated $80 to $235 per month across 1-bedroom and 2-bedroom condo layouts based on verified unbundled lease comps.

Standard lease agreements in Ontario require renters to set up separate accounts for suite hydro and heating/cooling power. Water service and common amenity upkeep are almost universally included in the owner's monthly maintenance fees.