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
Rental market activity across Markham East in Markham—concentrated within postal forward sortation area L3P—demonstrates a notable pricing gap between landlord asking targets and executed transactions. As of late September 2026, public transaction records show an average realized rent of $2,380 based on 22 closed leases over the trailing 30 days, alongside 26 active listings currently on the market with an average asking rent of $2,633. This dynamic yields an asking-to-realized spread of $253 per month across tracked developments in the submarket's 22 buildings, providing incoming tenants with constructive negotiation leverage against overpriced inventory.
Positioned as an accessible value pocket compared to the broader municipality, rental rates in Markham East sit 8.64% below the city-wide average of $2,605 per month (a difference of $225). Transaction volume is heavily anchored by 1-bedroom and 2-bedroom configurations, while larger layouts such as 3-bedroom suites record sparse monthly turnover.
Get a free rent estimate for any Markham East condo
Analyze verified lease comps and active asking rates across 22 buildings in Markham East.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Markham East
Closed Leases
Transactions that closed in September 2026 across Markham East
Markham East Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Markham East Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Markham East, Markham.
| Action | |||||
|---|---|---|---|---|---|
Union - Building B 1 Climo Ln | $2,325/mo | $3.37/SF | 4leases | 0units | Comps |
Art House Condos 9582 Markham Rd | $2,275/mo | $3.63/SF | 3leases | 2units | Comps |
Union - Building A 1709 Bur Oak Ave | $2,417/mo | $3.08/SF | 3leases | 2units | Comps |
Joy Station Condos 9751-9793 Markham Road | $2,500/mo | $3.42/SF | 3leases | 1unit | Comps |
Canvas on the Rouge 9700 Ninth Ln | $2,300/mo | $3.15/SF | 3leases | 1unit | Comps |
Parkview Place 7428 Markham Rd | $2,392/mo | $2.72/SF | 3leases | 1unit | Comps |
68 Main 68 Main St N | $2,450/mo | $3.53/SF | 3leases | 0units | Comps |
GreenLife Golden 7400 Markham Rd | $2,417/mo | $2.44/SF | 3leases | 0units | Comps |
GEM - Greenlife East Markham 7325 Markham Rd | $2,290/mo | $2.98/SF | 2leases | 3units | Comps |
Condominiums of Cornell 2 Adam Sellers St | $2,175/mo | $2.99/SF | 2leases | 3units | Comps |
Milliken Centre 4600 Steeles Ave E | $2,400/mo | $3.24/SF | 2leases | 1unit | Comps |
Condominiums of Cornell 2 58 Adam Sellers St | $2,750/mo | $2.98/SF | 2leases | 1unit | Comps |
The Mark 9560 Markham Rd | $2,350/mo | $3.62/SF | 1lease | 4units | Comps |
GEM 2 - Greenlife East Markham 39 New Delhi Dr | $2,300/mo | $3.07/SF | 1lease | 3units | Comps |
UV2 - Upper Village - North Tower 9506 Markham Rd | $2,400/mo | $3.20/SF | 1lease | 2units | Comps |
The Upper Village - South Tower 9500 Markham Rd | $2,400/mo | $3.20/SF | 1lease | 1unit | Comps |
Hampton Green 2 Raymerville Dr | $3,200/mo | $2.91/SF | 1lease | 1unit | Comps |
Prentice Place 7340 Markham Rd | $2,500/mo | $2.09/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 |
1 Climo Ln
9582 Markham Rd
1709 Bur Oak Ave
9751-9793 Markham Road
9700 Ninth Ln
7428 Markham Rd
68 Main St N
7400 Markham Rd
7325 Markham Rd
2 Adam Sellers St
4600 Steeles Ave E
58 Adam Sellers St
9560 Markham Rd
39 New Delhi Dr
9506 Markham Rd
9500 Markham Rd
2 Raymerville Dr
7340 Markham Rd
50 & 80 The Boardwalk Way
55 & 85 The Boardwalk Way
30 Wilson St
206 Main St
Derived from verified closed lease contracts finalized during September 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
Rental market activity across Markham East in Markham—concentrated within postal forward sortation area L3P—demonstrates a notable pricing gap between landlord asking targets and executed transactions. As of late September 2026, public transaction records show an average realized rent of $2,380 based on 22 closed leases over the trailing 30 days, alongside 26 active listings currently on the market with an average asking rent of $2,633. This dynamic yields an asking-to-realized spread of $253 per month across tracked developments in the submarket's 22 buildings, providing incoming tenants with constructive negotiation leverage against overpriced inventory.
Positioned as an accessible value pocket compared to the broader municipality, rental rates in Markham East sit 8.64% below the city-wide average of $2,605 per month (a difference of $225). Transaction volume is heavily anchored by 1-bedroom and 2-bedroom configurations, while larger layouts such as 3-bedroom suites record sparse monthly turnover.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Markham East is currently $2,380/month ($3.13/SF), with an average leasing velocity of 22 Days on Market. Compared to the overall Markham municipal benchmark ($2,605/month), Markham East trades at a 9% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Condominiums of Cornell ($2,175/mo) to Hampton Green ($3,200/mo).
Month Over Month Trends
Short-term pricing adjustments in Markham East reflect modest upward movement month-over-month. Realized lease prices rose by $58 or 2.50% compared to the prior 30-day window, where 23 closed leases averaged $2,322 per month at $3.32 per square foot. This incremental shift is driven by natural variations in closed bedroom mix and transaction timing across the 22 tracked buildings rather than structural market repricing.
Longer Term Trends & Rental Dispersion
Long-term baseline metrics in Markham East underscore stable pricing conditions across the submarket's 170 historical recorded leases, which maintain a historical average of $2,342 per month at $3.32 per square foot with an average days on market of 31 days. Overall rent dispersion spans from a minimum of $1,750 to a maximum of $3,500 per month.
The middle 50% of the market—defined by the interquartile range—sees rents fall between the 25th percentile of $2,150 and the 75th percentile of $2,584 per month, with an overall median rent of $2,300 per month and a total interquartile spread of $434. This pricing band illustrates a predictable transition from entry-level private suites to executive-tier multi-bedroom inventory.
Currently across Markham East's 22 tracked multi-family properties, there are 26 active rental listings with an average asking rent of $2,633/month ($3.26/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,380/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in Markham East can expect realistic monthly commitments to sit firmly within the submarket's middle 50% range of $2,150 to $2,584 per month, anchored by an overall median rent of $2,300. Stepping up from a standard 1-bedroom suite (averaging $2,028 across 180 days) to a 2-bedroom suite (averaging $2,558) requires an average monthly rent step-up of $530, or a 26.13% increase, which yields an additional 245 square feet of living space. Upgrading from a 1-bedroom to a 1-bedroom plus den adds $186 per month for 107 square feet of extra space, while moving from a 2-bedroom to a 2-bedroom plus den increases costs by $144 per month for 153 additional square feet. With properties leasing in an average of 22 days, applicants should prepare documentation in advance. Renters should also verify parking inclusions, as unbundled lease comps show reserved parking adds a distinct premium when separated from base rent.
For Landlords
Landlords and condo investors operating in Markham East must maintain pricing discipline to avoid extended vacancy timelines. With active listings averaging $2,633 against closed leases at $2,380—representing an asking-to-realized spread of $253 per month—overpriced properties risk sitting well past the submarket average of 22 days on market. Owners should benchmark asking rates against recent closed transactions within the middle 50% interquartile range ($2,150 to $2,584 per month) rather than relying on aspirational asking ceilings. Properties offering functional layouts and verified parking options capture steady absorption, supported by a healthy 45.8% absorption rate across available suites.
For Realtors
Real estate professionals representing clients in Markham East must navigate a market defined by solid liquidity and a noticeable spread between asking and realized figures. Across the 22 tracked developments in postal area L3P, properties are turning over efficiently at 22 days on market—outpacing the broader municipal average by 1 day. Agents should advise tenant clients to target well-priced inventory within the middle 50% rent dispersion band, while guiding landlord clients to compress the $253 asking-to-realized spread by aligning list prices with closed lease comparables. Managing expectations around bedroom step-ups—such as the 26.13% rent increase associated with moving from 1-bedroom to 2-bedroom layouts—ensures smooth lease execution.
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 $2,380 per month ($3.13/sqft), based on 22 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market spans from a 25th percentile of $2,150 to a 75th percentile of $2,584 per month, with rent rates sitting 8.64% below the broader Markham municipal average.
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 ($3.64/sqft) based on 180-day data, while 1-bedroom plus den suites average $2,214 per month ($3.33/sqft). Most 1-bedroom units lease between $1,912 (25th percentile) and $2,150 (75th percentile) per month, with an average size of 569 square feet.
How much is a 2-bedroom apartment in Markham East?
The average rent for a 2-bedroom apartment in Markham East, Markham is $2,558 per month ($3.21/sqft) based on 180-day data, while 2-bedroom plus den suites average $2,702 per month ($3.10/sqft). Most 2-bedroom units lease between $2,400 (25th percentile) and $2,680 (75th percentile) per month, representing an average rent step-up of $530 and an additional 245 square feet compared to standard 1-bedroom suites.
How much is a 3-bedroom apartment in Markham East?
Three-bedroom apartment rentals in Markham East represent a highly scarce inventory segment with limited closed transactions recorded in the current tracking period. 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, while UV2 - Upper Village - North Tower offers the most accessible entry point among named developments at around $2,125 per month.
How does rent in Markham East compare to the overall Markham average?
Markham East rents average $2,380 per month, which is lower than the overall Markham municipal average of $2,605 per month (a spread of $225 or 8.64%). Properties in Markham East spend an average of 22 days on the market—leasing 1 day faster than the broader Markham municipal benchmark of 23 days.
What are the postal code FSAs for Markham East?
Condo and apartment rentals in Markham East primarily fall within postal forward sortation areas (FSAs) such as L3P.
How fast do rental units lease in Markham East (Days on Market)?
Rental listings in Markham East spend an average of 22 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 1 day faster than the broader Markham municipal benchmark of 23 days.
How should landlords price their rental listings in Markham East to avoid vacancy loss?
With active listings averaging $2,633 against closed leases at $2,380—an asking-to-realized spread of $253 per month—landlords should align prices with recent closed lease benchmarks in the $2,150 to $2,584 range rather than aspirational asking rates to prevent vacancy extending past the 22-day submarket 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 $211 to $371 per month across 1-bedroom and 2-bedroom layouts based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Markham East rents?
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.
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