Markham East Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 22 tracked properties across Markham East, Markham.
Markham East Rental Market Overview
As of late summer 2026, the Markham East submarket within the municipality of Markham—encompassing postal forward sortation area L3P across 22 tracked buildings—operates as a balanced pricing pocket offering relative value compared to the wider city. Public transaction records through the end of August 2026 show an average realized rent of $2,314 per month based on 22 closed leases over the trailing 30 days, alongside 28 active listings currently on the market. Active asking rents sit at an average of $2,461 per month, creating an asking-to-realized spread of $147 per month that provides steady ground for incoming tenants. Markham East rental rates track at a 7.66% discount—representing a $192 difference—relative to the broader Markham municipal benchmark of $2,506 per month. Transaction volume is led primarily by 1-bedroom and 1-bedroom plus den configurations, supported by a healthy overall sample size across the submarket's multi-residential portfolio.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Markham East
Closed Leases
Transactions that closed in August 2026 across Markham East
Markham East Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Markham East Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Markham East, Markham.
| Action | |||||
|---|---|---|---|---|---|
Joy Station Condos 9751-9793 Markham Road | $2,326/mo | $3.48/SF | 17leases | 4units | Comps |
Condominiums of Cornell 2 58 Adam Sellers St | $2,625/mo | $3.01/SF | 4leases | 0units | Comps |
The Mark 9560 Markham Rd | $2,217/mo | $3.73/SF | 3leases | 3units | Comps |
Art House Condos 9582 Markham Rd | $1,967/mo | $3.41/SF | 3leases | 3units | Comps |
GEM - Greenlife East Markham 7325 Markham Rd | $2,400/mo | $2.65/SF | 2leases | 3units | Comps |
UV2 - Upper Village - North Tower 9506 Markham Rd | $2,000/mo | $4.70/SF | 2leases | 2units | Comps |
Canvas on the Rouge 9700 Ninth Ln | $2,200/mo | $3.44/SF | 2leases | 2units | Comps |
Milliken Centre 4600 Steeles Ave E | $2,400/mo | $3.24/SF | 2leases | 1unit | Comps |
Union - Building A 1709 Bur Oak Ave | $2,500/mo | $3.12/SF | 2leases | 1unit | Comps |
68 Main 68 Main St N | $2,600/mo | $3.34/SF | 2leases | 0units | Comps |
GEM 2 - Greenlife East Markham 39 New Delhi Dr | $2,700/mo | $2.45/SF | 1lease | 3units | Comps |
GreenLife Golden 7400 Markham Rd | $2,700/mo | $2.45/SF | 1lease | 2units | Comps |
Condominiums of Cornell 2 Adam Sellers St | $2,150/mo | $2.87/SF | 1lease | 2units | Comps |
The Upper Village - South Tower 9500 Markham Rd | $2,800/mo | $3.06/SF | 1lease | 1unit | Comps |
Parkview Place 7428 Markham Rd | $2,000/mo | $3.08/SF | 1lease | 1unit | Comps |
Hampton Green 2 Raymerville Dr | $3,200/mo | $2.91/SF | 1lease | 0units | Comps |
Prentice Place 7340 Markham Rd | $2,500/mo | $2.09/SF | 1lease | 0units | Comps |
Union - Building B 1 Climo Ln | $2,100/mo | $3.82/SF | 1lease | 0units | Comps |
Swan Lake Village - 2 50 & 80 The Boardwalk Way | — | — | 0leases | 0units | Comps |
Swan Lake Village - Phase 1 55 & 85 The Boardwalk Way | — | — | 0leases | 0units | Comps |
Village Glen 30 Wilson St | — | — | 0leases | 0units | Comps |
The Hart Haus Condominium 206 Main St | — | — | 0leases | 0units | Comps |
9751-9793 Markham Road
58 Adam Sellers St
9560 Markham Rd
9582 Markham Rd
7325 Markham Rd
9506 Markham Rd
9700 Ninth Ln
4600 Steeles Ave E
1709 Bur Oak Ave
68 Main St N
39 New Delhi Dr
7400 Markham Rd
2 Adam Sellers St
9500 Markham Rd
7428 Markham Rd
2 Raymerville Dr
7340 Markham Rd
1 Climo Ln
50 & 80 The Boardwalk Way
55 & 85 The Boardwalk Way
30 Wilson St
206 Main St
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Markham East.
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.
Markham East Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Markham East
As of late summer 2026, the Markham East submarket within the municipality of Markham—encompassing postal forward sortation area L3P across 22 tracked buildings—operates as a balanced pricing pocket offering relative value compared to the wider city. Public transaction records through the end of August 2026 show an average realized rent of $2,314 per month based on 22 closed leases over the trailing 30 days, alongside 28 active listings currently on the market. Active asking rents sit at an average of $2,461 per month, creating an asking-to-realized spread of $147 per month that provides steady ground for incoming tenants. Markham East rental rates track at a 7.66% discount—representing a $192 difference—relative to the broader Markham municipal benchmark of $2,506 per month. Transaction volume is led primarily by 1-bedroom and 1-bedroom plus den configurations, supported by a healthy overall sample size across the submarket's multi-residential portfolio.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Markham East is currently $2,314/month ($3.37/SF), with an average leasing velocity of 25 Days on Market. Compared to the overall Markham municipal benchmark ($2,506/month), Markham East trades at a 8% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Art House Condos ($1,967/mo) to Hampton Green ($3,200/mo).
Month Over Month Trends
Short-term pricing adjustments reflect minor month-over-month normalization across Markham East's leasing portfolio. Average realized rents shifted by -$84 per month, representing a -3.50% adjustment from the prior 30-day window where 35 closed leases averaged $2,398 per month. This slight downward movement in the 30-day trailing average stems from natural transaction mix variance—specifically a higher concentration of compact 1-bedroom leases closing during the period rather than structural asset depreciation.
Longer Term Trends & Rental Dispersion
Mid-term and historical performance indicators demonstrate steady price stability across Markham East developments. Over the trailing 90 days, 79 closed leases averaged $2,374 per month, closely aligning with the 180-day and historical baseline average of $2,336 per month across 147 total historical leases. Overall rent dispersion across the submarket's 147-sample history reveals a wide accessibility span: entry-level private transactions start at a minimum of $1,750 per month, while premium multi-bedroom suites reach a maximum of $3,500 per month. The middle 50% of the market—defined by the interquartile range—spans from a 25th percentile rent of $2,100 to a 75th percentile rent of $2,600, anchored by a median rent of $2,300 per month with an IQR spread of $500.
Currently across Markham East's 22 tracked multi-family properties, there are 28 active rental listings with an average asking rent of $2,461/month ($3.24/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,314/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants targeting Markham East can expect realistic monthly commitments centered around the submarket median of $2,300, with the middle 50% of available options trading between $2,100 and $2,600 per month. Renters looking to upgrade layout size face measurable step-ups: transitioning from a 1-bedroom to a 1-bedroom plus den adds $178 per month (an 8.83% increase) for an additional 97 square feet, while stepping up from a standard 1-bedroom to a 2-bedroom layout increases costs by $536 per month (26.59%) in exchange for an extra 246 square feet. Three-bedroom and larger configurations represent an ultra-scarce segment with limited turnover. With average days on market sitting at a brisk 25 days, applicants should arrive prepared with required documentation and deposits to secure properties swiftly.
For Landlords
Landlords and condo investors operating in Markham East must maintain pricing discipline by anchoring lease targets to verified closed transaction data rather than aspirational asking rates. With active listings averaging $2,461 against closed leases at $2,314—representing an asking-to-realized spread of $147 per month—properties priced significantly above the middle 50% threshold risk extended vacancy beyond the submarket's 25-day average. The healthy 44.0% absorption rate demonstrates that correctly priced units attract qualified applicants rapidly. Owners should also account for unbundled parking dynamics where applicable, as verified lease comps indicate distinct monthly parking premiums on specific unit configurations.
For Realtors
Real estate professionals representing clients in Markham East navigate a balanced, fast-moving submarket backed by 22 active multi-residential buildings within postal code L3P. Market liquidity remains strong, evidenced by a 25-day average DOM that outpaces the broader Markham municipal average by 2 days. Agents should advise vendor clients to manage the $147 asking-to-realized spread proactively by listing near recent closed benchmarks to capture high-intent tenant traffic. For buyer and tenant clients, emphasizing functional square footage efficiency—which averages $3.37 per square foot across recent 30-day closed leases—ensures clients secure optimal value across standard 1-bedroom and 2-bedroom floor plans.
Markham East Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Markham East, Markham
What is the average rent for a condominium or apartment in Markham East, Markham?
Markham East's average realized lease price is $2,314 per month ($3.37 per square foot), based on 22 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges between $2,100 (25th percentile) and $2,600 (75th percentile) per month, with an overall median rent of $2,300 per month. This positions Markham East at a 7.66% discount compared to the broader Markham municipal average of $2,506 per month.
How much is a 1-bedroom apartment in Markham East?
The average rent for a 1-bedroom apartment in Markham East, Markham is $2,028 per month ($3.74 per square foot) based on 30-day trailing data, while 1-bedroom plus den suites average $2,250 per month ($3.34 per square foot) over the same 30-day window. Most standard 1-bedroom units lease between $1,900 (25th percentile) and $2,125 (75th percentile) per month, averaging 560 square feet across closed transactions.
How much is a 2-bedroom apartment in Markham East?
The average rent for a 2-bedroom apartment in Markham East, Markham is $2,917 per month ($3.07 per square foot) based on 30-day trailing transactions, while 2-bedroom plus den suites average $2,717 per month ($2.61 per square foot) over the same window. Most 2-bedroom units lease between $2,400 (25th percentile) and $2,660 (75th percentile) per month—reflecting a $536 average monthly step-up from 1-bedroom layouts for an additional 246 square feet of space.
How much is a 3-bedroom apartment in Markham East?
Three-bedroom apartment rentals in Markham East represent a highly scarce inventory segment with zero closed transactions recorded in the current 30-day tracking period, though 90-day historical data records 2 closed leases averaging $2,725 per month ($2.48 per square foot) across an average size of 1,100 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 Markham East?
Within Markham East, Hampton Green commands the highest average lease rate at approximately $3,175 per month across tracked transactions, while UV2 - Upper Village - North Tower offers accessible private condo options averaging $2,070 per month, with broader entry-level private transactions across tracked submarket inventory starting around $1,750 per month.
How does rent in Markham East compare to the overall Markham average?
Markham East rents average $2,314 per month, which is lower than the overall Markham municipal average of $2,506 per month (a spread of -$192 or -7.66%). Properties in Markham East spend an average of 25 days on the market—leasing 2 days faster than the broader Markham municipal benchmark of 27 days.
What are the postal code FSAs for Markham East?
Condo and apartment rentals in Markham East primarily fall within postal forward sortation areas such as L3P.
How fast do rental units lease in Markham East (Days on Market)?
Rental listings in Markham East spend an average of 25 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 2 days faster than the broader Markham municipal benchmark of 27 days.
How should landlords price their rental listings in Markham East to avoid vacancy loss?
With active listings averaging $2,461 against closed leases at $2,314—an asking-to-realized spread of $147 per month—landlords in Markham East should price units in close alignment with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the submarket's 25-day average.
How much more will a unit with a parking spot in Markham East rent for versus a unit without one?
Reserved parking in Markham East adds an estimated $196 to $367 per month across 1-bedroom plus den and 2-bedroom rental rates, respectively, based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Markham East rents?
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.
Explore Other Markham Submarkets
Compare neighbourhood comps and rental rates for leased units across Markham against Markham East