Mississauga City Centre Apartments for Rent & Condo Comps

Mississauga City Centre's average realized lease price is $2,556 per month ($3.60/sqft), based on 277 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market ranges between $2,250 (25th percentile) and $2,750 (75th percentile), with a median rent of $2,475 per month, closely aligning with the broader Mississauga municipal average of $2,562 per month.

The average rent for a 1-bedroom apartment in Mississauga City Centre, Mississauga is $2,128 per month ($3.86/sqft) across 180-day data, while 1-bedroom plus den suites average $2,313 per month ($3.60/sqft). Over the trailing 30-day window, standard 1-bedroom units averaged $2,190 per month ($4.01/sqft across 564 sqft). Most 1-bedroom units lease between $2,050 (25th percentile) and $2,200 (75th percentile) per month, with an average size of 564 square feet.

The average rent for a 2-bedroom apartment in Mississauga City Centre, Mississauga is $2,674 per month ($3.44/sqft) across 180-day data, while 2-bedroom plus den suites average $2,861 per month ($3.10/sqft). Over the trailing 30 days, standard 2-bedroom units averaged $2,744 per month ($3.50/sqft across 794 sqft). Most 2-bedroom units lease between $2,540 (25th percentile) and $2,800 (75th percentile) per month, representing an average monthly price step-up of $546 and an additional 230 square feet compared to 1-bedroom layouts.

The average rent for a 3-bedroom apartment in Mississauga City Centre, Mississauga is $3,468 per month ($3.65/sqft), based on 180-day data spanning 43 closed leases. Over the trailing 30 days, 3-bedroom units averaged $3,638 per month ($2.93/sqft across 4 closed transactions). Three-bedroom and larger apartment rentals in Mississauga City Centre represent a highly scarce inventory segment, offering an average of 1,083 square feet with a middle 50% range spanning from $3,175 to $3,525 per month.

Within Mississauga City Centre, Place IV commands the highest average lease rate at approximately $3,213 per month, while The Capital II offers the most accessible entry point at around $2,100 per month across tracked private condo stock.

Rental rates in Mississauga City Centre closely mirror the wider Mississauga municipal average, with both benchmarks sitting at $2,562 per month. Properties in Mississauga City Centre spend an average of 17 days on the market—leasing 1 day faster than the broader Mississauga municipal benchmark of 18 days.

Condo and apartment rentals in Mississauga City Centre primarily fall within postal forward sortation areas (FSAs) such as L4Z.

Rental listings in Mississauga City Centre spend an average of 17 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 1 day faster than the broader Mississauga municipal benchmark of 18 days.

With active listings averaging $2,665 against closed leases realizing $2,556—an asking-to-realized spread of $109 per month—landlords should price units in line with recent closed lease benchmarks rather than aspirational asking targets to prevent vacancy extending past the submarket average of 17 days on market.

Reserved parking in Mississauga City Centre adds an estimated $48 to $206 per month across studio, 1-bedroom, and 1-bedroom plus den layouts, approximately $204 per month for 2-bedroom units, and up to $377 per month for 3-bedroom suites, based on verified unbundled lease comps.

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.