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
As of late summer 2026, the Erindale submarket in Mississauga—encompassing postal forwarding sectors L5C and L5J across 13 tracked residential developments—operates as a notable premium enclave, posting an average realized lease price of $3,406 per month over the trailing 30 days. This performance is backed by 8 closed leases recorded during the period, operating alongside 7 active listings currently on the market. Public records indicate a substantial pricing premium compared to the broader Mississauga municipal average of $2,610 per month, reflecting a positive spread of $796 or 30.5%.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Erindale
Closed Leases
Transactions that closed in August 2026 across Erindale
Erindale Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Erindale Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Erindale, Mississauga.
| Action | |||||
|---|---|---|---|---|---|
S2 Stonebrook Residences 1035 Southdown Road | $4,065/mo | $3.06/SF | 3leases | 3units | Comps |
Kingsmere on the Park 880 Dundas St W | $2,917/mo | $3.35/SF | 3leases | 1unit | Comps |
2121 Roche Condos 2121 Roche Court | $2,825/mo | $2.57/SF | 2leases | 0units | Comps |
The Craftsman 1575 Lakeshore Rd W | $3,750/mo | $7.65/SF | 1lease | 1unit | Comps |
Stonebrook I 1055 Southdown Rd | $2,750/mo | $3.06/SF | 1lease | 1unit | Comps |
Granite Gates I 1800 The Collegeway | $2,500/mo | $3.85/SF | 1lease | 1unit | Comps |
The Lansdowne 1001 Cedarglen Gate | $2,950/mo | $2.83/SF | 1lease | 0units | Comps |
Waldens Landing 1110 Walden Circ | $2,900/mo | $3.41/SF | 1lease | 0units | Comps |
966 Inverhouse Condos 966 Inverhouse Drive | — | — | 0leases | 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 |
1035 Southdown Road
880 Dundas St W
2121 Roche Court
1575 Lakeshore Rd W
1055 Southdown Rd
1800 The Collegeway
1001 Cedarglen Gate
1110 Walden Circ
966 Inverhouse Drive
1900 The Collegeway
1700 The Collegeway
1271 Walden Circ
1219 Dundas Street W
Derived from verified closed lease contracts finalized during August 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
As of late summer 2026, the Erindale submarket in Mississauga—encompassing postal forwarding sectors L5C and L5J across 13 tracked residential developments—operates as a notable premium enclave, posting an average realized lease price of $3,406 per month over the trailing 30 days. This performance is backed by 8 closed leases recorded during the period, operating alongside 7 active listings currently on the market. Public records indicate a substantial pricing premium compared to the broader Mississauga municipal average of $2,610 per month, reflecting a positive spread of $796 or 30.5%.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Erindale is currently $3,406/month ($3.55/SF), with an average leasing velocity of 29 Days on Market. Compared to the overall Mississauga municipal benchmark ($2,609/month), Erindale trades at a 31% 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 ($4,065/mo).
Month Over Month Trends
Month-over-month pricing in Erindale recorded a slight adjustment, with average realized lease prices shifting by -$93 or -2.66% compared to the prior 30-day window where 5 closed leases averaged $3,499 per month. This short-term variance reflects shifting transaction volumes across larger bedroom tiers rather than systemic deflation, as higher-density multi-bedroom leases closed during the current 30-day snapshot.
Longer Term Trends & Rental Dispersion
Longer-term leasing data underscores steady rental performance, with 90-day realized lease averages sitting at $3,076 per month across 24 closed transactions and 180-day averages establishing a baseline of $2,926 per month across 34 closed leases. Market-wide rent dispersion illustrates a clear structural spread between entry-level and executive suites: the overall interquartile range places the middle 50% of transactions between a 25th percentile of $2,500 and a 75th percentile of $2,938 per month, with a median realized rent of $2,675 per month. Across all recorded transactions, rents span from a minimum of $1,999 to a maximum of $6,995 per month.
Currently across Erindale's 13 tracked multi-family properties, there are 7 active rental listings with an average asking rent of $3,043/month ($3.35/SF). For closed transactions executed in August 2026, realized lease agreements averaged $3,406/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in Erindale should anticipate competing in a fast-paced environment where the middle 50% of the market commands monthly rents between $2,500 and $2,938. Stepping up from a 1-bedroom layout (averaging 713 square feet) to a standard 2-bedroom suite (averaging 890 square feet) incurs an average monthly premium of $686 or 28.97%, providing an additional 177 square feet of living space. Renters should note that properties average 29 days on the market, requiring prompt application preparation when desirable suites appear.
For Landlords
Landlords and condo investors operating in Erindale should anchor pricing strategies strictly to realized transaction benchmarks rather than aspirational targets. With active listings averaging $3,043 against realized leases averaging $3,406 over the latest 30 days, an asking-to-realized spread of -$363 per month highlights the importance of competitive positioning. Properties priced outside the middle 50% band risk lingering past the submarket average of 29 days on the market.
For Realtors
Real estate professionals advising clients in Erindale must navigate a high-demand submarket where tracked inventory across 13 buildings absorbs at a 53.3% clip. Managing client expectations around list-to-lease spreads is critical, particularly given that 1-bedroom suites realize an average of $2,368 per month while 2-bedroom units achieve $3,054 per month. Agents should leverage localized 30-day and 90-day closed comp data within postal areas L5C and L5J to secure optimal lease execution.
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 $3,406 per month ($3.55 per square foot), based on 8 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges between $2,500 and $2,938 per month, positioning Erindale 30.5% above the broader Mississauga municipal average.
How much is a 1-bedroom apartment in Erindale?
The average rent for a 1-bedroom apartment in Erindale, Mississauga is $2,368 per month ($3.37 per square foot) based on trailing 180-day data, while 1-bedroom plus den suites average $2,589 per month based on historical records. Most 1-bedroom units lease between $2,225 (25th percentile) and $2,500 (75th percentile) per month, averaging approximately 713 square feet.
How much is a 2-bedroom apartment in Erindale?
The average rent for a 2-bedroom apartment in Erindale, Mississauga is $3,054 per month ($3.73 per square foot), while 2-bedroom plus den suites average $3,025 per month based on trailing 180-day tracking data. Most 2-bedroom units lease between $2,798 (25th percentile) and $3,175 (75th percentile) per month, representing a $686 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 $4,910 per month ($2.51 per square foot), based on trailing 180-day data comprising 4 closed transactions. Three-bedroom apartment rentals represent a scarce inventory segment in the submarket, featuring an average tracked size of 1,988 square feet.
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 $3,576 per month, while entry-level private transactions across tracked submarket inventory start around $1,999 per month.
How does rent in Erindale compare to the overall Mississauga average?
Erindale rents average $3,406 per month, which is higher than the overall Mississauga average of $2,610 per month (a spread of $796 or 30.5%). Properties in Erindale spend an average of 29 days on the market—leasing 6 days slower than the broader Mississauga municipal benchmark of 23 days.
What are the postal code FSAs for Erindale?
Condo and apartment rentals in Erindale primarily fall within postal forward sortation areas such as L5C and L5J.
How fast do rental units lease in Erindale (Days on Market)?
Rental listings in Erindale spend an average of 29 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 6 days slower than the broader Mississauga municipal benchmark of 23 days.
How should landlords price their rental listings in Erindale to avoid vacancy loss?
With active listings averaging $3,043 against closed leases at $3,406 over the latest 30 days, landlords should price properties in line with verified realized lease comps rather than speculative asking figures to ensure absorption aligns with the 29-day submarket average.
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 $406 per month to 1-bedroom rental rates based on verified unbundled lease comps, while parking premiums for larger multi-bedroom layouts are absorbed into overall unit pricing variations.
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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