Erindale Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 13 tracked properties across Erindale, Mississauga.
Erindale Rental Market Overview
Erindale represents an established residential enclave within the municipality of Mississauga, anchored by postal forward sortation areas L5C and L5J. Through the end of September 2026, public records show an average realized lease price of $2,943 per month across 8 closed leases over the trailing 30 days, alongside 5 active listings currently on the market. Active listings in the area present an average asking rent of $2,765 per month at $3.08 per square foot, yielding an asking-to-realized spread of -$178 per month where closed transactions outperformed current asking inventory due to the composition of recently leased suites. Rental rates in the Erindale submarket sit at a premium of $381, or 14.87%, compared to the broader Mississauga municipal average of $2,562 per month. Transaction activity spans 13 tracked residential developments within the postal corridor, with multi-bedroom layouts and 1-bedroom plus den configurations driving steady leasing volume.
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Analyze verified lease comps and active asking rates across 13 buildings in Erindale.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Erindale
Closed Leases
Transactions that closed in September 2026 across Erindale
Erindale Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Erindale Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Erindale, Mississauga.
| Action | |||||
|---|---|---|---|---|---|
Stonebrook I 1055 Southdown Rd | $2,825/mo | $3.32/SF | 2leases | 2units | Comps |
S2 Stonebrook Residences 1035 Southdown Road | $3,750/mo | $2.68/SF | 2leases | 0units | Comps |
The Craftsman 1575 Lakeshore Rd W | $2,545/mo | $3.77/SF | 2leases | 0units | Comps |
2121 Roche Condos 2121 Roche Court | $2,825/mo | $2.57/SF | 2leases | 0units | Comps |
966 Inverhouse Condos 966 Inverhouse Drive | $2,800/mo | $2.55/SF | 1lease | 3units | Comps |
The Lansdowne 1001 Cedarglen Gate | $2,950/mo | $2.83/SF | 1lease | 0units | Comps |
Granite Gates I 1800 The Collegeway | $2,500/mo | $3.85/SF | 1lease | 0units | Comps |
Kingsmere on the Park 880 Dundas St W | $3,350/mo | $3.05/SF | 1lease | 0units | Comps |
Waldens Landing 1110 Walden Circ | $2,900/mo | $3.41/SF | 1lease | 0units | Comps |
The Palace 1900 The Collegeway | — | — | 0leases | 0units | Comps |
Canyon Springs I 1700 The Collegeway | — | — | 0leases | 0units | Comps |
Sheridan Club 1271 Walden Circ | — | — | 0leases | 0units | Comps |
1219 Dundas West 1219 Dundas Street W | — | — | 0leases | 0units | Comps |
1055 Southdown Rd
1035 Southdown Road
1575 Lakeshore Rd W
2121 Roche Court
966 Inverhouse Drive
1001 Cedarglen Gate
1800 The Collegeway
880 Dundas St W
1110 Walden Circ
1900 The Collegeway
1700 The Collegeway
1271 Walden Circ
1219 Dundas Street W
Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in Erindale.
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.
Erindale Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Erindale
Erindale represents an established residential enclave within the municipality of Mississauga, anchored by postal forward sortation areas L5C and L5J. Through the end of September 2026, public records show an average realized lease price of $2,943 per month across 8 closed leases over the trailing 30 days, alongside 5 active listings currently on the market. Active listings in the area present an average asking rent of $2,765 per month at $3.08 per square foot, yielding an asking-to-realized spread of -$178 per month where closed transactions outperformed current asking inventory due to the composition of recently leased suites. Rental rates in the Erindale submarket sit at a premium of $381, or 14.87%, compared to the broader Mississauga municipal average of $2,562 per month. Transaction activity spans 13 tracked residential developments within the postal corridor, with multi-bedroom layouts and 1-bedroom plus den configurations driving steady leasing volume.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Erindale is currently $2,943/month ($3.24/SF), with an average leasing velocity of 33 Days on Market. Compared to the overall Mississauga municipal benchmark ($2,562/month), Erindale trades at a 15% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Granite Gates I ($2,500/mo) to S2 Stonebrook Residences ($3,750/mo).
Month Over Month Trends
Month-over-month pricing reflects a downward adjustment of $463, or -13.59%, with average realized lease prices moving from $3,406 per month in the prior 30-day period down to $2,943 per month over the trailing 30 days. This short-term variance is driven by a shift in transaction mix rather than structural asset depreciation, as the prior period featured a higher concentration of premium multi-bedroom and detached-equivalent lease closings (such as high-end 3-bedroom properties reaching up to $6,995), whereas the current 30-day window captured a balanced volume of standard 1-bedroom and 2-bedroom condominium suite transactions.
Longer Term Trends & Rental Dispersion
Mid-term performance metrics indicate stable baseline pricing, with 90-day realized lease averages settling at $3,251 per month at $3.33 per square foot across 21 transactions, and 180-day baselines holding at $2,929 per month at $3.33 per square foot across 42 transactions. Overall rent dispersion across the submarket exhibits a median realized rent of $2,700 per month, bounded by an absolute minimum of $1,999 and a maximum of $6,995 per month. The middle 50% of the market—defined by the interquartile range—spans from a 25th percentile rent of $2,500 to a 75th percentile rent of $2,938 per month, representing a dispersion spread of $438 across typical private condominium inventory.
Currently across Erindale's 13 tracked multi-family properties, there are 5 active rental listings with an average asking rent of $2,765/month ($3.08/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,943/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in Erindale should target the middle 50% benchmark range between $2,500 and $2,938 per month for standard condominium suites. Stepping up from a standard 1-bedroom unit (averaging $2,379 per month across 708 square feet over 180 days) to a 2-bedroom unit (averaging $3,053 per month across 920 square feet) requires an average monthly rent step-up of $674, or 28.33%, in exchange for an additional 212 square feet of living space. Expanding from a 2-bedroom layout to a 3-bedroom configuration introduces a rent step-up of $1,435 per month for an additional 890 square feet, reflecting the scarcity of larger family-sized rentals. Renters should anticipate an average marketing duration of 33 days before lease execution, and verify whether reserved parking is bundled into asking rates, as unbundled parking comps in select buildings reveal premiums up to $415 per month.
For Landlords
Real estate investors and landlords operating residential suites in Erindale must align pricing strategies with verified closed lease benchmarks rather than aspirational asking targets. With active listings averaging $2,765 against closed leases averaging $2,943 per month, properties priced in line with the middle 50% interquartile band ($2,500 to $2,938 per month) achieve optimal absorption. Overpricing units beyond local market dispersion risks extending vacancy timelines past the submarket average of 33 days on market. Landlords should also factor in that verified unbundled parking spaces command measurable premiums in specific developments, allowing property owners to market parking separately where building rules permit.
For Realtors
Real estate professionals representing clients in Erindale must navigate a balanced submarket characterized by moderate listing velocity and 13 tracked residential developments across postal codes L5C and L5J. With an absorption rate of 61.5% and an average of 33 days on market, agents should advise buyer and tenant clients to prepare application documentation promptly while managing expectations around the 15-day DOM lag relative to broader Mississauga. Understanding the pricing spread between standard 1-bedroom units and larger 2-bedroom plus den or 3-bedroom configurations ensures accurate valuation and effective negotiation across active and listed suites.
Erindale Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Erindale, Mississauga
What is the average rent for a condominium or apartment in Erindale, Mississauga?
Erindale's average realized lease price is $2,943 per month ($3.24 per square foot), based on 8 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market spans between $2,500 (25th percentile) and $2,938 (75th percentile) per month, with a submarket median rent of $2,700 per month. This places Erindale rents at a 14.87% premium compared to the broader Mississauga municipal benchmark of $2,562 per month.
How much is a 1-bedroom apartment in Erindale?
The average rent for a 1-bedroom apartment in Erindale, Mississauga is $2,379 per month ($3.41 per square foot) based on 180-day tracking data across 12 closed leases, while 1-bedroom plus den suites average $2,581 per month ($3.55 per square foot) across 11 closed leases. Most 1-bedroom units lease between $2,238 (25th percentile) and $2,500 (75th percentile) per month, maintaining an average size of 708 square feet.
How much is a 2-bedroom apartment in Erindale?
The average rent for a 2-bedroom apartment in Erindale, Mississauga is $3,053 per month ($3.56 per square foot) based on 180-day tracking data across 11 closed leases, while 2-bedroom plus den suites average $3,350 per month ($2.65 per square foot) across 3 closed leases. Most 2-bedroom units lease between $2,815 (25th percentile) and $3,250 (75th percentile) per month, delivering an average size of 920 square feet and representing a $674 monthly step-up from standard 1-bedroom configurations.
How much is a 3-bedroom apartment in Erindale?
The average rent for a 3-bedroom apartment in Erindale, Mississauga is $4,488 per month ($2.52 per square foot) based on 180-day tracking data across 5 closed leases. Three-bedroom apartment rentals in Erindale represent a highly scarce inventory segment with an average size of 1,810 square feet, where realized lease prices range from a minimum of $2,700 to a maximum of $6,995 per month.
What are the most affordable and premium condo and apartment buildings in Erindale?
Within Erindale, S2 Stonebrook Residences commands the highest average lease rate at approximately $3,603 per month across 13 transactions, while entry-level private transactions across tracked submarket inventory start around $1,999 per month at 1219 Dundas West.
How does rent in Erindale compare to the overall Mississauga average?
Erindale rents average $2,943 per month, which is higher than the overall Mississauga average of $2,562 per month (a spread of $381 or 14.87%). Properties in Erindale spend an average of 33 days on the market—leasing 15 days slower than the broader Mississauga municipal benchmark of 18 days.
What are the postal code FSAs for Erindale?
Condo and apartment rentals in Erindale primarily fall within postal forward sortation areas (FSAs) such as L5C and L5J.
How fast do rental units lease in Erindale (Days on Market)?
Rental listings in Erindale spend an average of 33 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 15 days slower than the broader Mississauga municipal benchmark of 18 days.
How should landlords price their rental listings in Erindale to avoid vacancy loss?
With active listings averaging $2,765 against closed leases at $2,943—an asking-to-realized spread of -$178 per month—landlords should price their suites in alignment with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the submarket average of 33 days on market.
How much more will a unit with a parking spot in Erindale rent for versus a unit without one?
Reserved parking in Erindale adds an estimated $415 per month to rental rates based on verified unbundled lease comps within 1-bedroom configurations, while general parking inclusion varies across tracked condominium developments.
Are parking spaces, lockers, and utilities included in Erindale rents?
Tenants in modern Ontario condos should budget separately for hydro and heat pump consumption. Bulk water service and structural maintenance are bundled into the building corporation's operating expenses and paid by the landlord.
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