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Mississauga Rental Market Data & Neighbourhood Trends

Access granular residential building data, neighbourhood comps, and historical leasing metrics for 227 tracked properties across Mississauga.

Mississauga Rental Market Overview

FastScreen tracks 227 buildings across 7 municipal submarkets in Mississauga, providing deep transaction visibility into the local rental market. Across the latest 30-day leasing window, Mississauga recorded 483 leases with an average realized rent of $2,610 per month at a rate of $3.54 per square foot and an average Days on Market of 23 days. When compared against broader regional baselines, Mississauga's 30-day realized rent sits $7 below the supplied GTA average benchmark of $2,617 per month, while leasing velocity runs 1 day faster than the GTA 30-day average DOM of 24 days. Across historical records, Mississauga has logged 2,168 total transactions with an all-time average lease price of $2,540 per month and $3.50 per square foot. Regional comparison shows Mississauga sitting below Etobicoke's effective average rent of $2,690 per month, but above Brampton at $2,335 per month and Oakville at $2,439 per month.

Active Rental Inventory

Listed and Tracked by FastScreen as of September 2026

Current publicly listed rental units and asking prices across Mississauga

Active Listings
517units
Across 227 buildings
Average Asking Rent
$2,686/mo
Market Stability
Average SF
795SF
Typical suite layout
Average Asking Price / SF
$3.60/SF
Active density benchmark
Average Days on Market
45days
Active listing age

Rental Inventory Analysis At A Glance for Mississauga

Mississauga's active rental inventory encompasses 414 active listings with an average asking rent of $2,726 per month and an average asking rate of $3.66 per square foot. The current asking-versus-realized spread stands at $116 per month, indicating that landlords are achieving close to their list prices on closed transactions. The municipal absorption rate sits at 53.8 percent based on active listings relative to recent transaction volume. Among the 7 tracked submarkets, Mississauga South commands the highest rental benchmark at an average of $3,016 per month across 111 recorded leases and 25 active listings, while Cooksville represents the most affordable tracked submarket with an average lease price of $2,353 per month across 89 recorded leases and 30 active listings, creating a submarket spread of $663 per month. Meanwhile, Mississauga City Centre anchors the bulk of institutional inventory with 79 tracked buildings, 1,476 historical leases, and 258 active listings.

Closed Leases

Transactions that closed in September 2026

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

Units Leased
159closed
Executed transactions
Average Leased Rent
$2,598/mo
-0.4% MoM Delta
Average Leased SF
783SF
Executed size average
Average Leased / SF
$3.47/SF
Realized per-foot rate
Average Days on Market
23days
Days to execute lease

Leasing Trends for Mississauga

Mississauga's rental market velocity demonstrates steady tenant absorption, with the latest 30-day period recording 483 leases at an average Days on Market of 23 days. This matches rolling mid-term indicators, where the 90-day window recorded 1,516 leases with an average DOM of 23 days, and the 180-day window recorded 2,166 leases with an average DOM of 24 days. Comparing local velocity against regional benchmarks shows Mississauga leasing 3 days faster than Oakville's effective average DOM of 26 days and 1 day faster than Brampton's 24-day effective DOM, while tracking 1 day slower than Etobicoke's 22-day effective DOM. Prior 30-day leasing volume stood at 567 leases with an average DOM of 23 days, confirming stable absorption rates across consecutive monthly observation windows.

Mississauga Neighbourhood Leaderboard & Directory

7 Submarkets

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

Mississauga City Centre
79 properties · 309 active listings
$2,558
average leased
Units Leased: 99
Days on Market: 21 days
-1.5% vs CityView Comps
Mississauga North
35 properties · 51 active listings
$2,656
average leased
Units Leased: 16
Days on Market: 23 days
+2.2% vs CityView Comps
Mississauga West
45 properties · 45 active listings
$2,713
average leased
Units Leased: 15
Days on Market: 28 days
+4.4% vs CityView Comps
Cooksville
19 properties · 32 active listings
$2,444
average leased
Units Leased: 15
Days on Market: 24 days
-5.9% vs CityView Comps
Mississauga South
20 properties · 23 active listings
$2,834
average leased
Units Leased: 7
Days on Market: 28 days
+9.1% vs CityView Comps
Erindale
13 properties · 48 active listings
$3,200
average leased
Units Leased: 5
Days on Market: 41 days
+23.2% vs CityView Comps
Mississauga East
16 properties · 9 active listings
$2,100
average leased
Units Leased: 2
Days on Market: 8 days
-19.2% 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 Mississauga 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.

Mississauga Rental Market Dynamics & Local Trends

Peel Region's Dynamic Commercial & Transit Growth Corridor

Mississauga is Ontario's third-largest city, boasting a diverse economy driven by Fortune 500 corporate offices in Meadowvale and Airport Corporate Centre, as well as the bustling City Centre around Square One Shopping Centre.

The ongoing development of the Hazel McCallion LRT along the Hurontario corridor is reshaping the central spine of the city, spurring high-density residential towers from Port Credit to Brampton Gateway.

Submarket Pricing and Turnover Synthesis

Within Mississauga, average lease rates range from $2,100 in Mississauga East up to $3,200 in Erindale, reflecting a 52% pricing spread based on building age and location. The fastest leasing velocity is currently observed in Mississauga East, with units averaging 8 Days on Market before executing a binding lease agreement.

Month Over Month Trends

Month-over-month data indicates modest upward price movement, with the latest 30-day average lease price of $2,610 per month rising $48 (or 1.87 percent) compared to the prior 30-day average of $2,562 per month. Transaction volume moderated from 567 leases in the prior 30-day period to 483 leases in the latest 30-day window, accompanied by a stable 30-day DOM of 23 days compared to 23 days previously. Realized square-foot rates shifted slightly from $3.55 per square foot in the prior period to $3.54 per square foot in the latest period. These month-over-month metrics reflect steady transaction activity across the 483 latest leases, supported by a strong sample size that validates short-term pricing stability.

Longer Term Trends

Over the available historical dataset, FastScreen has recorded 2,168 total municipal leases in Mississauga with an all-time average lease price of $2,540 per month, an average rate of $3.50 per square foot, and an average Days on Market of 24 days. Mid-term rolling benchmarks show consistent pricing stability, with 90-day leases averaging $2,564 per month across 1,516 transactions and 180-day leases averaging $2,540 per month across 2,166 transactions. Overall rental dispersion spans from an entry-level floor of $1,300 per month to an upper ceiling of $11,995 per month, with a median rent of $2,500 per month. The middle 50 percent of the market clusters tightly between a 25th percentile of $2,250 per month and a 75th percentile of $2,779 per month (an interquartile spread of $529 per month across a 2,168-sample size), reflecting stable core pricing across typical apartment and condominium stock.

For Renters

Renters evaluating Mississauga's market will find a broad pricing spectrum anchored by a median rent of $2,500 per month and a middle 50 percent market corridor spanning between $2,250 and $2,779 per month. Bedroom-level step-ups show distinct financial leaps: moving from a 1-bedroom ($2,139 per month, 578 sqft) to a 2-bedroom ($2,717 per month, 825 sqft) requires an average monthly rent step-up of $578 (a 27.02 percent increase) for an additional 247 square feet of living space, while maintaining a competitive space-efficiency rate of $3.37 per square foot. Adding a den to a 1-bedroom increases rent by $175 per month to average $2,314 per month across 655 square feet. Asking-versus-realized spreads average $116 per month across the municipality, indicating that properties rent close to asking figures. Renters seeking alternative inventory can examine nearby Etobicoke, Brampton, or Oakville for comparative regional options.

For Landlords

Landlords pricing units in Mississauga should align their strategies with realized transaction benchmarks rather than asking ceilings. With an asking-versus-realized spread of $116 per month and an average Days on Market of 23 days across the latest 30-day window, correctly priced properties absorb quickly without extended vacancy carry costs. Bedroom-specific metrics provide clear pricing guidance: 1-bedroom units lease at an average of $2,139 per month ($3.79/sqft), 2-bedroom units lease at $2,717 per month ($3.37/sqft), and 3-bedroom units achieve an average of $3,617 per month ($3.81/sqft). Parking inclusion significantly impacts lease performance; for example, 2-bedroom units leased with parking commanded an average realized rent of $2,731 per month compared to $2,499 per month without parking, reflecting a positive parking premium of $232 per month. Landlords must weigh their submarket positioning—ranging from Cooksville's $2,353 municipal average to Mississauga South's $3,016 average—when establishing asking prices.

For Realtors

Real estate professionals structuring rental CMAs in Mississauga can leverage robust historical and short-term transaction data covering 2,168 total recorded leases and 414 active listings. With 483 leases recorded over the latest 30-day window at an average DOM of 23 days, agents have reliable velocity metrics to guide client expectations. The data confirms an asking-versus-realized spread of $116 per month, demonstrating that realistic initial pricing achieves closed transactions within roughly three weeks. Agents can utilize $/sqft metrics—such as $3.79/sqft for 1-bedrooms and $3.37/sqft for 2-bedrooms—alongside submarket spreads (ranging from Cooksville at $2,353 to Mississauga South at $3,016) to defend pricing strategies. Comparing local metrics against adjacent markets like Etobicoke ($2,690 effective rent) and Brampton ($2,335 effective rent) provides essential regional context for client consultations.

Frequently Asked Questions

Mississauga Rental Market & Leasing FAQs

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

What is the average rent for a condominium or apartment in Mississauga?
Mississauga's average realized lease price for an apartment or condominium is $2,610 per month ($3.54 per square foot), based on FastScreen's latest 30-day transaction records of 483 leases with an average Days on Market of 23 days. The municipal historical average stands at $2,540 per month across 2,168 total recorded leases, with an overall median rent of $2,500 per month and a transaction dispersion range spanning from $1,300 to $11,995 per month. Regionally, Mississauga's 30-day average rent sits $7 below the supplied GTA benchmark of $2,617 per month.
How much is a 1-bedroom apartment in Mississauga?
Mississauga's average realized lease price for a 1-bedroom apartment is $2,139 per month ($3.79 per square foot), based on FastScreen's historical transaction records of 484 recorded leases with an average unit size of 578 square feet. Asking rents for 1-bedroom units average $2,242 per month ($3.95 per square foot across 583 square feet), reflecting an asking-versus-realized spread of $103 per month. Units leased with parking achieved an average rent of $2,187 per month compared to $1,977 per month without parking, supported by an active inventory of 77 listings.
How much is a 2-bedroom apartment in Mississauga?
Mississauga's average realized lease price for a 2-bedroom apartment is $2,717 per month ($3.37 per square foot), based on FastScreen's historical transaction records of 732 recorded leases with an average unit size of 825 square feet. Asking rents average $2,880 per month ($3.58 per square foot across 823 square feet), establishing an asking-versus-realized spread of $163 per month. Two-bedroom units represent a core municipal transaction sample, commanding a $578 monthly rent step-up over 1-bedroom units while maintaining active inventory of 167 listings.
How much is a 3-bedroom apartment in Mississauga?
Mississauga's average realized lease price for a 3-bedroom or larger apartment is $3,617 per month ($3.81 per square foot), based on FastScreen's historical transaction records of 68 recorded leases with an average unit size of 1,138 square feet. Asking rents for 3-bedroom units average $3,846 per month ($4.03 per square foot across 1,190 square feet), resulting in an asking-versus-realized spread of $229 per month. Active inventory in this category is limited to 12 listings, with transaction volume supported by a broader municipal leasing dataset.
Which neighbourhoods in Mississauga are the most affordable versus most premium?
Mississauga's rental market spans 7 tracked submarkets, with Mississauga South representing the highest rental benchmark at an average of $3,016 per month across 111 recorded leases, making it the most premium submarket in the municipality. Conversely, Cooksville stands as the most affordable tracked submarket with an average lease price of $2,353 per month across 89 recorded leases. Intermediate submarkets include Mississauga West ($2,578 per month), Mississauga North ($2,571 per month), Mississauga East ($2,709 per month), Erindale ($2,926 per month), and Mississauga City Centre ($2,493 per month across 1,476 recorded leases).
What area codes in Mississauga have the most expensive rental units? What area codes have the least?
Mississauga's postal FSA data highlights L4T as a tracked sample area code within the municipal footprint. The available FastScreen dataset structures municipal pricing primarily across its 7 tracked submarkets—ranging from Cooksville at $2,353 per month to Mississauga South at $3,016 per month—rather than extensive individual FSA-level breakdowns.
Which postal codes (FSAs) and neighbourhoods are covered in Mississauga's rental data?

FastScreen aggregates verified leasing comps across 7 submarkets in Mississauga. Key high-density rental corridors include:

  • Mississauga City Centre L4Z, L5A, L5B: $2,558/month
  • Mississauga West L5K, L5L, L5M: $2,713/month
  • Mississauga North L4T, L4Z, L5N: $2,656/month
  • Mississauga South L5E, L5G, L5H: $2,834/month
  • Cooksville L5A, L5B: $2,444/month

Granular building comps and historical lease rates for all outer postal districts are detailed in the neighbourhood leaderboard above.

How fast do rental properties lease in Mississauga?
Rental properties in Mississauga lease in an average of 23 days, based on FastScreen's latest 30-day average Days on Market across 483 recorded transactions. This leasing velocity matches the rolling 90-day average DOM of 23 days and sits slightly below the historical all-time average DOM of 24 days across 2,168 total recorded leases. Mississauga's 23-day velocity is 1 day faster than the GTA 30-day average DOM of 24 days, 3 days faster than Oakville's 26-day effective DOM, 1 day faster than Brampton's 24-day effective DOM, and 1 day slower than Etobicoke's 22-day effective DOM.
How much more will a unit with a parking spot in Mississauga rent for versus a unit without one?
In Mississauga, units leased with parking commanded an average positive premium over units leased without parking across multiple bedroom categories. For 2-bedroom units, properties leased with parking achieved an average rent of $2,731 per month compared to $2,499 per month without parking, reflecting a positive parking premium of $232 per month. For 1-bedroom units, the leased parking premium was $210 per month ($2,187 with parking versus $1,977 without parking), while 1-bedroom + den units recorded a leased parking premium of $195 per month ($2,332 with parking versus $2,137 without parking).
How should Mississauga landlords price their rental units to prevent vacancy?
Mississauga landlords should price their rental units by anchoring to realized transaction averages rather than asking ceilings. With an asking-versus-realized spread of $116 per month and an average Days on Market of 23 days, properly priced units lease efficiently. Landlords should evaluate bedroom-specific benchmarks—such as $2,139 per month for 1-bedrooms and $2,717 per month for 2-bedrooms—and factor in parking premiums, which add an average of $232 per month on 2-bedroom units. Reviewing submarket variations, from Cooksville's $2,353 average to Mississauga South's $3,016 average, ensures competitive pricing aligned with local tenant demand.
Are parking spaces, lockers, and utilities included in Mississauga rents?
FastScreen's municipal dataset for Mississauga tracks specific rent differentials between units leased with and without parking, showing that parking stalls command measurable monthly premiums (such as $232 per month for 2-bedroom units and $210 per month for 1-bedroom units). The supplied dataset does not contain specific tracking data regarding locker inclusions, hydro, water, or general utility breakdown practices across municipal leases.