Newmarket Rental Market Data & Neighbourhood Trends
Access granular residential building data, neighbourhood comps, and historical leasing metrics for 11 tracked properties across Newmarket.
Newmarket Rental Market Overview
FastScreen tracks 11 buildings across Newmarket's single tracked submarket within the L3Y postal area. Over the latest 30-day observation period, Newmarket recorded 14 leases at an average realized price of $2,557 per month and $3.72 per square foot, operating with an average Days on Market of 30 days. This performance positions Newmarket's monthly rent $60 below the broader GTA 30-day average benchmark of $2,617, while running 6 days slower in leasing velocity compared to the GTA's 24-day average. Active inventory comprises 6 listings with an average asking rent of $3,158 per month.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Newmarket
Rental Inventory Analysis At A Glance for Newmarket
Newmarket's available inventory includes 6 active listings carrying an average asking rent of $3,158 per month at a rate of $4.09 per square foot. When evaluated against the latest 30-day realized lease average of $2,557 per month ($3.72 per square foot), active asking rents reflect a positive spread of $601 per month. This spread indicates that current landlords are listing properties above recent clearing prices. Newmarket maintains an absorption rate of 70.0 percent across the tracked footprint, balancing current supply against closed transaction volume.
Closed Leases
Transactions that closed in August 2026Executed lease contracts and actual realized rents agreed upon between landlords and tenants
Leasing Trends for Newmarket
Leasing velocity in Newmarket averaged 30 days on market across the latest 30-day window (encompassing 14 leases), which is 6 days slower than the GTA 30-day average of 24 days. Mid-term metrics indicate faster velocity earlier in the cycle, with a 90-day average DOM of 23 days across 26 leases and a 180-day average DOM of 20 days across 42 historical leases. When compared to nearby municipal benchmarks, Newmarket's 30-day DOM of 30 days is 25 days slower than Aurora's effective 5-day benchmark, and 14 days slower than King's effective 16-day benchmark.
Newmarket Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Newmarket Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Newmarket, Newmarket.
| Action | |||||
|---|---|---|---|---|---|
The Davis 185 Deerfield Rd | $2,608/mo | $3.52/SF | 6leases | 0units | Comps |
Kingsley Square 705-715 Davis Drive | $2,630/mo | $4.67/SF | 5leases | 3units | Comps |
Grandview Condominiums 260 Davis Dr | $2,250/mo | $2.51/SF | 2leases | 0units | Comps |
The Atwood II 270 Davis Dr | $2,500/mo | $2.63/SF | 1lease | 0units | Comps |
King George School Lofts 400 Park Ave | $3,248(ask) | $4.46 (ask) | 0leases | 2units | Comps |
The Bakerfield 195 Deerfield Road | $2,600(ask) | $4.00 (ask) | 0leases | 1unit | Comps |
Reflections On Bogart Pond 900 Bogart Mill Trail | — | — | 0leases | 0units | Comps |
Heritage North 155 Main St N | — | — | 0leases | 0units | Comps |
The Atwood I 250 Davis Dr | — | — | 0leases | 0units | Comps |
Specialty Lofts 543 Timothy St | — | — | 0leases | 0units | Comps |
Ashton Place 10 Ashton Rd | — | — | 0leases | 0units | Comps |
185 Deerfield Rd
705-715 Davis Drive
260 Davis Dr
270 Davis Dr
400 Park Ave
195 Deerfield Road
900 Bogart Mill Trail
155 Main St N
250 Davis Dr
543 Timothy St
10 Ashton Rd
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Newmarket.
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.
Newmarket Rental Market Dynamics & Local Trends
Key Residential Rental Market Overview
Newmarket represents an important rental submarket, offering a diverse mix of 11 condominium and apartment residences. Rental demand is sustained by local employment centers, highway connectivity, and competitive cost-of-living advantages.
Transit connectivity, arterial road networks, and regional employment hubs drive tenant mobility throughout Newmarket. Properties close to central retail corridors and transit hubs consistently maintain superior occupancy and shorter listing cycles.
Month Over Month Trends
The pre-calculated data indicates a month-over-month rent increase of $187, or 7.89 percent, moving from an average of $2,370 per month across 5 leases in the prior 30-day period to $2,557 per month across 14 leases in the latest 30-day period. Because the prior period relies on a limited sample of 5 leases, this upward movement reflects transaction composition and individual unit profiles rather than structural price inflation across the entire municipal housing stock.
Longer Term Trends
Newmarket's historical dataset records 42 total leases with an all-time average rent of $2,472 per month, an average rate of $3.60 per square foot, and a historical DOM of 20 days. Mid-term benchmarks bridge the recent and historical periods, showing 26 leases over the last 90 days at an average of $2,485 per month ($3.63 per square foot) and 42 leases over the last 180 days at $2,472 per month ($3.60 per square foot). Overall rental dispersion across the 42 recorded transactions spans from an entry-level floor of $1,950 per month to an upper ceiling of $4,000 per month, with a median rent of $2,300. The middle 50 percent of the market clusters tightly between the 25th percentile of $2,200 and the 75th percentile of $2,725 per month, representing an interquartile spread of $525.
For Renters
Renters evaluating Newmarket can expect a median market rent of $2,300 per month, with the middle 50 percent of standard units transacting between $2,200 and $2,725 per month. Space efficiency varies significantly across bedroom categories: 1-bedroom units average 559 square feet at $2,131 per month ($3.82 per square foot), while stepping up to a 2-bedroom unit increases space by 270 square feet (to 829 square feet) and adds $654 per month in cost, bringing the average 2-bedroom rent to $2,785 per month ($3.58 per square foot). With active asking rents averaging $3,158 against a realized lease average of $2,557, renters have room to negotiate against initial landlord asking prices.
For Landlords
Landlords pricing rental units in Newmarket should account for the gap between asking and realized figures. Active listings carry an average asking rent of $3,158 per month, whereas recent 30-day closed leases cleared at an average of $2,557 per month, reflecting a $601 spread. Newmarket's 30-day average Days on Market stands at 30 days—slower than the 20-day historical baseline and Aurora's 5-day effective benchmark. Pricing units too close to top-of-market asking levels risks extending vacancy carry costs, as captured transaction volume shows core demand clustering around the median rent of $2,300 per month.
For Realtors
Real estate professionals structuring a rental CMA in Newmarket must navigate a limited local active inventory of 6 listings and a 30-day transaction volume of 14 leases. Because current asking rents ($3,158) outpace realized leases ($2,557) by $601, agents should rely on closed transaction comparables rather than active asking prices. Leveraging mid-term metrics—such as the 90-day average of $2,485 per month across 26 leases—provides a more stable pricing baseline than volatile single-month snapshots. When local inventory is constrained, agents can look to nearby Aurora (averaging $2,800 effective rent across a 5-day DOM) and King ($2,650 effective rent across a 16-day DOM) to contextualize regional pricing gradients.
Newmarket Rental Market & Leasing FAQs
Essential answers for tenants, property owners, and real estate professionals navigating Newmarket
What is the average rent for a condominium or apartment in Newmarket?
How much is a 1-bedroom apartment in Newmarket?
How much is a 2-bedroom apartment in Newmarket?
How much is a 3-bedroom apartment in Newmarket?
Which neighbourhoods in Newmarket are the most affordable versus most premium?
What area codes in Newmarket have the most expensive rental units? What area codes have the least?
Which postal codes (FSAs) and neighbourhoods are covered in Newmarket's rental data?
FastScreen tracks residential lease transactions across Newmarket's primary postal code districts (FSAs):
- Newmarket L3Y: $2,557/month average leased rent