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Pickering Rental Market Data & Neighbourhood Trends

Access granular residential building data, neighbourhood comps, and historical leasing metrics for 15 tracked properties across Pickering.

Pickering Rental Market Overview

FastScreen tracks 15 buildings across 1 FastScreen-tracked submarket in Pickering, encompassing postal areas L1V and L1W. The local rental market recorded 22 leases during the latest 30-day period at an average realized rent of $2,368 per month and a rate of $3.37 per square foot. Pickering's current 30-day average rent sits $249 per month below the broader GTA 30-day benchmark of $2,617, while operating at a 3-day faster leasing velocity with an average Days on Market of 21 days compared to the GTA average of 24 days. Active inventory stands at 24 listings with an average asking rent of $2,542 per month ($3.60 per square foot). Across historical transactions, Pickering has logged 187 total leases at an average price of $2,277 per month.

Active Rental Inventory

Listed and Tracked by FastScreen as of August 2026

Current publicly listed rental units and asking prices across Pickering

Active Listings
24units
Across 15 buildings
Average Asking Rent
$2,542/mo
+1.2% Asking Trend
Average SF
724SF
Typical suite layout
Average Asking Price / SF
$3.60/SF
Active density benchmark
Average Days on Market
21days
Active listing age

Rental Inventory Analysis At A Glance for Pickering

Pickering's active rental inventory comprises 24 listings with an average asking rent of $2,542 per month and an average asking rate of $3.60 per square foot. Comparing active asking rents against the latest 30-day realized lease average of $2,368 per month reveals a positive asking-versus-realized spread of $174 per month, indicating that landlords generally list properties slightly above final execution prices. With 24 active listings and 22 leases recorded in the latest 30-day window, the local absorption rate sits at 47.8 percent. Nearby Ajax records 0 active listings and 0 recent 30-day leases with an effective average rent of $2,508 per month, while Whitby reports 6 active listings, 6 recorded leases, and an effective average rent of $2,375 per month.

Closed Leases

Transactions that closed in August 2026

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

Units Leased
22closed
Executed transactions
Average Leased Rent
$2,368/mo
-1.1% MoM Delta
Average Leased SF
717SF
Executed size average
Average Leased / SF
$3.37/SF
Realized per-foot rate
Average Days on Market
21days
Days to execute lease

Leasing Trends for Pickering

Leasing velocity in Pickering averaged 21 Days on Market across 22 recorded leases during the latest 30-day period. This reflects a 3-day faster leasing pace than the GTA 30-day average DOM of 24 days. Transaction volume showed moderation compared to the prior 30-day window, which recorded 39 leases at an average of $2,394 per month and a DOM of 26 days. Mid-term tracking shows stable velocity, with 90-day volume reaching 90 leases at an average rent of $2,390 per month and an average DOM of 26 days, while the 180-day window captured 186 leases at an average rent of $2,277 per month and a DOM of 28 days. Pickering leases faster than nearby Scarborough, which records an effective average DOM of 27 days, but sits 5 days slower than Whitby's effective average DOM of 16 days and 4 days slower than Ajax's effective average DOM of 17 days.

Pickering Rental Rates by Unit Layout

Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.

Studio / Bachelor
$1,610/mo
$3.50/SF · 460 SF
1-Bedroom
$1,942/mo
$3.35/SF · 580 SF
1-Bedroom + Den
$2,108/mo
$3.29/SF · 640 SF
2-Bedroom
$2,605/mo
$3.06/SF · 850 SF
2-Bedroom + Den
$2,842/mo
$3.02/SF · 940 SF
3-Bedroom+
$3,552/mo
$3.01/SF · 1180 SF

Pickering Tracked Buildings & Lease Comps

Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Pickering, Pickering.

Universal City Tower 3

1435 Celebration Dr

$2,125
avg leased
Leased $/SF: $3.32/SF
Days on Market: 27d
Closed Leases: 4
Active Supply: 5 units
371 Total SuitesBuilding Comps
Universal City Two

1455 Celebration Dr

$2,500
avg leased
Leased $/SF: $3.46/SF
Days on Market: 25d
Closed Leases: 4
Active Supply: 4 units
336 Total SuitesBuilding Comps
Universal City East

1010 Sandy Beach Rd

$2,467
avg leased
Leased $/SF: $3.19/SF
Days on Market: 31d
Closed Leases: 3
Active Supply: 2 units
320 Total SuitesBuilding Comps
San Francisco by the Bay II

1215 Bayly St

$2,317
avg leased
Leased $/SF: $3.48/SF
Days on Market: 10d
Closed Leases: 3
Active Supply: 2 units
169 Total SuitesBuilding Comps
Universal City - I

1480 Bayly St

$2,350
avg leased
Leased $/SF: $3.27/SF
Days on Market: 9d
Closed Leases: 2
Active Supply: 2 units
275 Total SuitesBuilding Comps
The Brockstone

1623 - 1625 Pickering Pky

$2,300
avg leased
Leased $/SF: $3.29/SF
Days on Market: 18d
Closed Leases: 2
Active Supply: 0 units
132 Total SuitesBuilding Comps
San Francisco by the Bay

1235 Bayly St

$2,350
avg leased
Leased $/SF: $3.54/SF
Days on Market: 24d
Closed Leases: 1
Active Supply: 5 units
236 Total SuitesBuilding Comps
SF3 - San Francisco by the Bay 3

1245-1255 Bayly St

$2,100
avg leased
Leased $/SF: $3.82/SF
Days on Market: 13d
Closed Leases: 1
Active Supply: 4 units
253 Total SuitesBuilding Comps
Millennium I

1000 The Esplanade N

$2,500
avg leased
Leased $/SF: $3.33/SF
Days on Market: 18d
Closed Leases: 1
Active Supply: 0 units
252 Total SuitesBuilding Comps
Liberty at Discovery Place

1200 The Esplanade N

$3,000
avg leased
Leased $/SF: $3.16/SF
Days on Market: 18d
Closed Leases: 1
Active Supply: 0 units
219 Total SuitesBuilding Comps
Village at the Pines

1525 - 1535 Diefenbaker Crt

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
273 Total SuitesBuilding Comps
Discovery Place II

1880 Valley Farm Rd

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
258 Total SuitesBuilding Comps
Discovery Place I

1890 Valley Farm Rd

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
236 Total SuitesBuilding Comps
Maxx Urban Towns

2635 William Jackson Drive

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
216 Total SuitesBuilding Comps
Emerald Point

1665 Pickering Parkway

Comps pending
Leased $/SF: —
Days on Market: —
Closed Leases: 0
Active Supply: 0 units
215 Total SuitesBuilding Comps
Calculation Methodology & Metrics Context (August 2026)
Average Leased Rent:

Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Pickering.

Leased $/SF & Density:

Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).

Closed Leases & Fallbacks:

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.

Days on Market & Supply:

The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.

Pickering Rental Market Dynamics & Local Trends

Durham Region's Waterfront Gateway to the GTA

As the westernmost municipality in Durham Region directly bordering Toronto, Pickering serves as a vital bridge for commuters seeking more accessible rent prices while maintaining rapid access to the downtown core.

Pickering GO station offers 28-minute express train service to Union Station. The Pickering Town Centre redevelopment and Nautical Village waterfront revitalization are driving substantial new residential density.

Month Over Month Trends

During the latest 30-day observation period, Pickering recorded 22 leases at an average rent of $2,368 per month, compared to 39 leases at $2,394 per month in the prior 30-day window. This corresponds to a pre-calculated month-over-month decline of $26 per month, or 1.09 percent. Because this movement is derived from a limited transaction sample of 22 units in the current window and 39 units in the prior window, these percentage swings reflect transaction composition, unit mix variance, and individual unit profiles rather than a structural shift in municipal rent levels. Realized square-footage rates remained stable at $3.37 per square foot, matching the prior period's rate of $3.32 per square foot.

Longer Term Trends

Pickering's historical dataset comprises 187 recorded leases with an all-time average rent of $2,277 per month, an average rate of $3.27 per square foot, and an average Days on Market of 28 days. Overall rental dispersion across the historical sample spans from an entry-level floor of $1,590 per month to an upper ceiling of $3,000 per month, with a median rent of $2,300 per month. The middle 50 percent of the market—represented by the 25th percentile rent of $2,000 and the 75th percentile rent of $2,550—reflects an interquartile spread (IQR) of $550 per month, indicating moderate price clustering around core apartment stock. Rolling mid-term metrics demonstrate consistent baseline pricing, with 90-day volume averaging $2,390 per month across 90 leases and 180-day volume averaging $2,277 per month across 186 leases.

For Renters

Renters evaluating Pickering can expect a 30-day average realized rent of $2,368 per month at a rate of $3.37 per square foot. Rental dispersion spans from a floor of $1,590 per month to a ceiling of $3,000 per month, with a median rent of $2,300 per month. The middle 50 percent of transactions cluster between a 25th percentile of $2,000 per month and a 75th percentile of $2,550 per month, providing a clear pricing corridor for standard units. Bedroom-level step-ups show distinct pricing tiers: moving from a 1-bedroom unit (historical average of $1,858 per month, 553 sq ft) to a 2-bedroom unit (historical average of $2,527 per month, 816 sq ft) requires an average rent step-up of $669 per month (+36.01%) for an additional 263 square feet of space. Active asking rents average $2,542 per month, leaving a $174 margin between initial list prices and realized execution levels. For renters seeking alternative inventory, nearby Whitby offers an effective average rent of $2,375 per month across 6 active listings.

For Landlords

Landlords planning to list property in Pickering should evaluate active asking competition averaging $2,542 per month against recent execution benchmarks of $2,368 per month across the latest 30-day leasing window. The asking-versus-realized spread of $174 per month indicates that aggressively priced properties lease efficiently, supported by a 21-day average DOM that outpaces the GTA benchmark of 24 days. Pricing must account for bedroom-specific square footage and unit configuration: 1-bedroom units lease at an average of $1,858 per month ($3.37/sqft), while 2-bedroom units command an average of $2,527 per month ($3.13/sqft), representing a $669 step-up. Parking inclusion plays a measurable role in execution: historical 1-bedroom transactions with parking recorded an average realized rent of $2,107 per month compared to $1,767 per month without parking, reflecting a positive parking premium of $340 per month in the local sample.

For Realtors

Real estate professionals structuring a rental comparative market analysis (CMA) in Pickering can leverage FastScreen's dataset of 15 tracked buildings and 187 historical leases. With 22 leases recorded in the latest 30-day window at an average rent of $2,368 per month ($3.37/sqft) and a 21-day DOM, agents have a reliable baseline to guide client expectations against broader GTA benchmarks ($2,617 per month at $3.93/sqft). When local velocity fluctuates, agents can incorporate rolling 90-day (90 leases at $2,390/mo) and 180-day metrics (186 leases at $2,277/mo) to smooth compositional variance. To expand comparables, agents can reference adjacent regional markets such as Whitby (effective average rent of $2,375 per month across 6 active listings) and Scarborough (effective average rent of $2,430 per month across 280 recorded leases).

Frequently Asked Questions

Pickering Rental Market & Leasing FAQs

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

What is the average rent for a condominium or apartment in Pickering?
Pickering's average realized lease price for an apartment or condominium is $2,368 per month ($3.37 per square foot), based on FastScreen's 30-day transaction records of 22 leases. The historical municipal baseline across 187 recorded leases stands at $2,277 per month at a rate of $3.27 per square foot. Overall rental dispersion spans from an entry-level floor of $1,590 per month to an upper ceiling of $3,000 per month, with a median rent of $2,300 per month. Pickering's 30-day average rent sits $249 per month below the regional GTA 30-day benchmark of $2,617 per month.
How much is a 1-bedroom apartment in Pickering?
Pickering's average realized lease price for a 1-bedroom apartment is $1,858 per month ($3.37 per square foot), based on FastScreen's historical transaction records of 56 recorded leases with an average unit size of 553 square feet. Active 1-bedroom inventory features an average asking rent of $2,325 per month ($4.04 per square foot) across 2 active listings. Recent 30-day leasing for 1-bedroom units averaged $2,071 per month across 7 transactions. Historical 1-bedroom units leased with parking averaged $2,107 per month compared to $1,767 per month without parking, reflecting a positive parking premium of $340 per month.
How much is a 2-bedroom apartment in Pickering?
Pickering's average realized lease price for a 2-bedroom apartment is $2,527 per month ($3.13 per square foot), based on FastScreen's historical transaction records of 63 recorded leases with an average unit size of 816 square feet. Active 2-bedroom inventory features an average asking rent of $2,705 per month ($3.21 per square foot) across 8 active listings. Recent 30-day leasing for 2-bedroom units averaged $2,483 per month across 6 transactions. Historical 2-bedroom units leased with parking averaged $2,572 per month compared to $2,261 per month without parking, showing a positive parking premium of $311 per month.
How much is a 3-bedroom apartment in Pickering?
Pickering's average realized lease price for a 3-bedroom or larger apartment is $2,921 per month ($2.72 per square foot), based on FastScreen's historical transaction records of 6 recorded leases with an average unit size of 1,076 square feet. Active 3-bedroom inventory features an average asking rent of $3,500 per month ($3.42 per square foot) across 1 active listing. Recent 30-day leasing recorded 1 transaction at $2,950 per month ($2.68 per square foot). Because this category relies on a limited transaction sample of 6 recorded leases, figures should be interpreted as directional benchmarks rather than extensive market-wide averages.
Which neighbourhoods in Pickering are the most affordable versus most premium?
FastScreen currently tracks Pickering as a single rental submarket encompassing 15 buildings across postal areas L1V and L1W. Because the municipality is tracked as one unified submarket with an average historical lease price of $2,277 per month, the supplied FastScreen dataset does not support a multi-neighbourhood affordability ranking.
What area codes in Pickering have the most expensive rental units? What area codes have the least?
Pickering's rental market data covers postal area codes L1V and L1W across 15 tracked buildings. Because the dataset aggregates performance across these postal codes within Pickering's single tracked submarket, the available transaction data does not contain enough postal-level variation to establish a premium versus affordable ranking across different area codes in the municipality.
Which postal codes (FSAs) and neighbourhoods are covered in Pickering's rental data?

FastScreen tracks residential lease transactions across Pickering's primary postal code districts (FSAs):

  • Pickering L1V, L1W, L1X: $2,368/month average leased rent
How fast do rental properties lease in Pickering?
Pickering rental properties lease in an average of 21 days, based on FastScreen's 30-day transaction records of 22 leases. This 30-day leasing velocity is 3 days faster than the broader GTA 30-day average Days on Market of 24 days. Pickering's historical all-time average DOM stands at 28 days across 187 recorded leases. Local leasing speed compares favorably to nearby Scarborough's effective average DOM of 27 days, though it runs 5 days slower than Whitby's effective average DOM of 16 days and 4 days slower than Ajax's effective average DOM of 17 days.
How much more will a unit with a parking spot in Pickering rent for versus a unit without one?
In Pickering, units leased with parking commanded an average positive premium of $340 per month over units leased without parking in the 1-bedroom category, where historical leases with parking averaged $2,107 per month compared to $1,767 per month without parking. For 2-bedroom units, historical leases with parking averaged $2,572 per month compared to $2,261 per month without parking, reflecting a positive parking premium of $311 per month. Inclusion of a parking stall consistently enhances unit competitiveness and execution pricing in the local market.
How should Pickering landlords price their rental units to prevent vacancy?
Pickering landlords should price rental units by aligning with recent execution benchmarks averaging $2,368 per month while accounting for active asking competition averaging $2,542 per month. With a positive asking-versus-realized spread of $174 per month and a 21-day average Days on Market, overpricing relative to execution averages risks extending vacancy periods. Landlords must price strictly by unit category—such as $1,858 per month for 1-bedroom units and $2,527 per month for 2-bedroom units—and factor in parking inclusions, which command measurable positive premiums in historical lease data.
Are parking spaces, lockers, and utilities included in Pickering rents?
Pickering rental transactions show clear pricing distinctions for parking inclusion, with historical 1-bedroom units leased with parking averaging $2,107 per month compared to $1,767 per month without parking, and 2-bedroom units averaging $2,572 per month with parking versus $2,261 per month without parking. The supplied FastScreen dataset does not contain specific transaction breakdowns or inclusion rates for lockers, hydro, water, or general utilities.