Thornhill Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 46 tracked properties across Thornhill, Vaughan.
Thornhill Rental Market Overview
As of late summer 2026, the Thornhill submarket in Vaughan—concentrated within postal forward sortation area L4J across 46 tracked residential developments—maintains a stable leasing climate characterized by steady transaction velocity. Through the 30-day window ending August 31, 2026, public records show an average realized rent of $2,659 based on 55 closed leases, operating alongside 64 active listings currently on the market. Landlords across the submarket maintain a modest asking-to-realized spread of $54 per month, reflecting close alignment between initial list prices and executed tenant contracts. Thornhill rental rates sit at a premium compared to the broader Vaughan municipal average of $2,415, representing a difference of $244 or 10.1% higher. Transaction volume is led primarily by 1-bedroom plus den and standard 2-bedroom layouts, drawing consistent demand from renters seeking transit-accessible pockets along the Yonge Street corridor.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Thornhill
Closed Leases
Transactions that closed in August 2026 across Thornhill
Thornhill Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Thornhill Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Thornhill, Vaughan.
| Action | |||||
|---|---|---|---|---|---|
The Thornhill - Towers 1 & 2 7950 Bathurst St | $2,546/mo | $4.28/SF | 6leases | 6units | Comps |
Legacy Park at Thornhill City Centre 7890-7900 Bathurst St | $2,329/mo | $3.79/SF | 6leases | 4units | Comps |
Boulevard at the Thornhill 8 Beverley Glen Blvd | $2,663/mo | $3.78/SF | 6leases | 3units | Comps |
Promenade Park Towers - Building B 50 Upper Mall Way | $2,670/mo | $3.58/SF | 5leases | 2units | Comps |
Promenade Park Towers - Building A 30 Upper Mall Way | $2,518/mo | $3.25/SF | 4leases | 8units | Comps |
8188 Yonge Condos 8188 Yonge Street | $2,875/mo | $3.83/SF | 4leases | 3units | Comps |
The Fountains - 1 75 North Park Rd | $2,625/mo | $4.14/SF | 4leases | 3units | Comps |
Chateau Ridge 1 Maison Parc Crt | $2,638/mo | $4.75/SF | 4leases | 0units | Comps |
Centre Park Condos - East Building 20 North Park Rd | $2,250/mo | $3.75/SF | 3leases | 2units | Comps |
Promenade Park II 88 Promenade Circ | $2,725/mo | $3.17/SF | 3leases | 1unit | Comps |
Skyrise on Yonge I 7300 Yonge St | $3,458/mo | $3.40/SF | 3leases | 0units | Comps |
Park Terrace II 91 Townsgate Dr | $2,617/mo | $3.08/SF | 3leases | 0units | Comps |
The Fountains - 2H 85 North Park Rd | $2,600/mo | $3.76/SF | 2leases | 5units | Comps |
D'Or Condominiums - West 10 Gatineau Dr | $2,748/mo | $3.68/SF | 2leases | 4units | Comps |
Promenade Park 100 Promenade Cir | $2,700/mo | $3.38/SF | 2leases | 2units | Comps |
Thornhill City Centre II 50 Disera Dr | $2,400/mo | $3.47/SF | 2leases | 2units | Comps |
Forest Hills North 7601 Bathurst St | $3,450/mo | $2.74/SF | 2leases | 1unit | Comps |
Centre Park Condos - West Building 30 North Park Rd | $2,800/mo | $3.22/SF | 2leases | 1unit | Comps |
Thornhill City Centre I 60 Disera Dr | $2,275/mo | $3.26/SF | 2leases | 0units | Comps |
Royal Promenade I 120 Promenade Circ | $2,990/mo | $2.67/SF | 2leases | 0units | Comps |
Posh Condominiums 520 Steeles Ave W | $2,690/mo | $2.95/SF | 2leases | 0units | Comps |
Classique at Eiffel Towers 5 Emerald Lane | $3,125/mo | $2.81/SF | 2leases | 0units | Comps |
D'Or Condominiums - East 20 Gatineau Dr | $2,500/mo | $3.43/SF | 1lease | 3units | Comps |
Beverley at Thornhill City Centre 15 North Park Rd | $2,200/mo | $3.38/SF | 1lease | 1unit | Comps |
Vista at Thornhill City Centre 7 North Park Rd | $2,350/mo | $3.13/SF | 1lease | 1unit | Comps |
WaterGarden 7608 Yonge St | $2,300/mo | $3.54/SF | 1lease | 1unit | Comps |
Promenade Towers III 7460 Bathurst St | $3,250/mo | $2.95/SF | 1lease | 1unit | Comps |
Chateau Parc 2 Maison Parc Crt | $2,900/mo | $3.05/SF | 1lease | 1unit | Comps |
Chateau Parc North 8 Maison Parc Crt | $2,500/mo | $3.33/SF | 1lease | 1unit | Comps |
Plaza del Sol 850 Steeles Ave W | $3,175/mo | $2.44/SF | 1lease | 1unit | Comps |
The Residence at Beauclaire 745 New Westminster Dr | $3,000/mo | $2.31/SF | 1lease | 1unit | Comps |
Townsgate II 11 Townsgate Dr | $3,180/mo | $2.89/SF | 1lease | 0units | Comps |
Promenade Towers I 7420 Bathurst St | $3,200/mo | $2.46/SF | 1lease | 0units | Comps |
Promenade Towers II 7440 Bathurst St | $3,050/mo | $2.77/SF | 1lease | 0units | Comps |
The Palladium 7250 Yonge St | $3,400/mo | $3.09/SF | 1lease | 0units | Comps |
Royal Promenade II 110 Promenade Circ | $3,000/mo | $2.31/SF | 1lease | 0units | Comps |
Park Terrace I 81 Townsgate Dr | $2,600/mo | $3.06/SF | 1lease | 0units | Comps |
The Fountains - 2K 95 North Park Rd | $3,000/mo | $3.75/SF | 1lease | 0units | Comps |
Eiffel Towers 1 Emerald Lane | $2,500(ask) | $2.94 (ask) | 0leases | 2units | Comps |
The I 333 Clark Ave W | $3,950(ask) | $3.04 (ask) | 0leases | 1unit | Comps |
Central Park on Yonge I 7378 Yonge St | $2,900(ask) | $3.41 (ask) | 0leases | 1unit | Comps |
Central Park on Yonge II 7398 Yonge St | $2,400(ask) | $3.20 (ask) | 0leases | 1unit | Comps |
Alvear Palace 1 Cordoba Dr | $7,500(ask) | $1.82 (ask) | 0leases | 1unit | Comps |
Townsgate I 7 Townsgate Dr | — | — | 0leases | 0units | Comps |
Skyrise on Yonge II 1 Clark Ave W | — | — | 0leases | 0units | Comps |
The II 343 Clark Ave W | — | — | 0leases | 0units | Comps |
7950 Bathurst St
7890-7900 Bathurst St
8 Beverley Glen Blvd
50 Upper Mall Way
30 Upper Mall Way
8188 Yonge Street
75 North Park Rd
1 Maison Parc Crt
20 North Park Rd
88 Promenade Circ
7300 Yonge St
91 Townsgate Dr
85 North Park Rd
10 Gatineau Dr
100 Promenade Cir
50 Disera Dr
7601 Bathurst St
30 North Park Rd
60 Disera Dr
120 Promenade Circ
520 Steeles Ave W
5 Emerald Lane
20 Gatineau Dr
15 North Park Rd
7 North Park Rd
7608 Yonge St
7460 Bathurst St
2 Maison Parc Crt
8 Maison Parc Crt
850 Steeles Ave W
745 New Westminster Dr
11 Townsgate Dr
7420 Bathurst St
7440 Bathurst St
7250 Yonge St
110 Promenade Circ
81 Townsgate Dr
95 North Park Rd
1 Emerald Lane
333 Clark Ave W
7378 Yonge St
7398 Yonge St
1 Cordoba Dr
7 Townsgate Dr
1 Clark Ave W
343 Clark Ave W
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Thornhill.
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.
Thornhill Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Thornhill
As of late summer 2026, the Thornhill submarket in Vaughan—concentrated within postal forward sortation area L4J across 46 tracked residential developments—maintains a stable leasing climate characterized by steady transaction velocity. Through the 30-day window ending August 31, 2026, public records show an average realized rent of $2,659 based on 55 closed leases, operating alongside 64 active listings currently on the market. Landlords across the submarket maintain a modest asking-to-realized spread of $54 per month, reflecting close alignment between initial list prices and executed tenant contracts. Thornhill rental rates sit at a premium compared to the broader Vaughan municipal average of $2,415, representing a difference of $244 or 10.1% higher. Transaction volume is led primarily by 1-bedroom plus den and standard 2-bedroom layouts, drawing consistent demand from renters seeking transit-accessible pockets along the Yonge Street corridor.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Thornhill is currently $2,659/month ($3.51/SF), with an average leasing velocity of 27 Days on Market. Compared to the overall Vaughan municipal benchmark ($2,415/month), Thornhill trades at a 10% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Beverley at Thornhill City Centre ($2,200/mo) to Skyrise on Yonge I ($3,458/mo).
Month Over Month Trends
Month-over-month rental rates in Thornhill experienced a minor upward adjustment, increasing by $15 or 0.57% compared to the prior 30-day period when average realized rent sat at $2,644 across 55 closed leases. This slight shift in average monthly cost aligns with normal transactional variance across building cohorts and a minor fluctuation in square-foot pricing from $3.69 down to $3.51 per square foot, driven by a higher proportion of larger multi-bedroom suite executions during the current tracking cycle.
Longer Term Trends & Rental Dispersion
Longer-term leasing data for Thornhill underscores robust pricing stability across baseline cohorts. The 90-day window records 164 closed leases averaging $2,601 per month, while the 180-day baseline captures 213 leases at an average of $2,574. Overall rent dispersion across all 215 historical transactions highlights a wide affordability spectrum: the median rent sits at $2,400 per month, while the middle 50% of the market spans from a 25th percentile rate of $2,285 to a 75th percentile rate of $2,900. Market extremes range from an entry-level low of $1,800 to a premium high of $4,100 per month, yielding an interquartile range (IQR) of $615 that reflects distinct pricing tiers between older rental stock and modern luxury condo developments.
Currently across Thornhill's 46 tracked multi-family properties, there are 64 active rental listings with an average asking rent of $2,713/month ($3.60/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,659/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective renters searching in Thornhill should target the middle 50% benchmark range between $2,285 and $2,900 per month for standard suite configurations. Stepping up from a 1-bedroom suite (averaging $2,162) to a 2-bedroom suite (averaging $2,956) requires a monthly dollar step-up of $794, delivering an additional 420 square feet of living space. Renters seeking an intermediate layout will find that 1-bedroom plus den suites command an average rent of $2,381, adding $219 per month and 123 square feet over a standard 1-bedroom. Because properties average 27 days on the market, applicants should prepare documentation in advance, though current active inventory of 64 suites provides reasonable choice before competing applicants absorb well-priced listings.
For Landlords
Landlords and condo investors operating in Thornhill should align pricing strategies closely with recent realized lease benchmarks rather than aspirational asking targets. With active listings averaging $2,713 against closed leases at $2,659—representing an asking-to-realized spread of $54 per month—overpricing outside the established middle 50% band risks extending vacancy timelines beyond the submarket average of 27 days. Investors should note that absorption stands at 46.2%, and properties offering functional square footage alongside reserved parking achieve more predictable tenant retention and leasing velocity across tracked L4J developments.
For Realtors
Real estate professionals representing clients in Thornhill must navigate a balanced submarket where 64 active listings support steady leasing velocity across 46 tracked buildings. With an average days on market of 27 days—leasing 4 days slower than the broader Vaughan municipal benchmark of 23 days—agents should advise vendor clients to manage list-to-lease spreads carefully, keeping initial asking prices within $50 to $75 of closed comparables. Managing client negotiations across standard 1-bedroom and 2-bedroom formats requires highlighting layout efficiency and parking availability, which remain key decision drivers for tenants evaluating units in the L4J postal area.
Thornhill Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Thornhill, Vaughan
What is the average rent for a condominium or apartment in Thornhill, Vaughan?
Thornhill's average realized lease price is $2,659 per month ($3.51 per square foot), based on 55 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges between a 25th percentile rate of $2,285 and a 75th percentile rate of $2,900 per month, positioning Thornhill 10.1% higher than the broader Vaughan municipal average.
How much is a 1-bedroom apartment in Thornhill?
The average rent for a 1-bedroom apartment in Thornhill, Vaughan is $2,162 per month ($4.04 per square foot), while 1-bedroom plus den suites average $2,381 per month, based on 180-day historical data. Most 1-bedroom units lease between $2,100 (25th percentile) and $2,250 (75th percentile) per month, with standard layouts averaging 544 square feet.
How much is a 2-bedroom apartment in Thornhill?
The average rent for a 2-bedroom apartment in Thornhill, Vaughan is $2,956 per month ($3.21 per square foot), while 2-bedroom plus den suites average $3,308 per month, based on 180-day historical data. Most 2-bedroom units lease between $2,750 (25th percentile) and $3,176 (75th percentile) per month, representing an average rent step-up of $794 and an additional 420 square feet over a 1-bedroom suite.
How much is a 3-bedroom apartment in Thornhill?
Three-bedroom apartment rentals in Thornhill represent a highly scarce inventory segment with zero closed transactions recorded in the current 30-day tracking period, though historical baseline data captures units averaging $3,600 per month at $3.27 per square foot across 1,100 square feet. Renters seeking multi-bedroom layouts should monitor active listings closely as larger suites become available.
What are the most affordable and premium condo and apartment buildings in Thornhill?
Within Thornhill, Skyrise on Yonge I commands the highest average lease rate at approximately $3,619 per month, while WaterGarden offers the most accessible entry point at around $2,050 per month based on tracked building transactions.
How does rent in Thornhill compare to the overall Vaughan average?
Thornhill rents average $2,659 per month, which is higher than the overall Vaughan average of $2,415 per month (a spread of $244 or 10.1%). Properties in Thornhill spend an average of 27 days on the market—leasing 4 days slower than the broader Vaughan municipal benchmark of 23 days.
What are the postal code FSAs for Thornhill?
Condo and apartment rentals in Thornhill primarily fall within postal forward sortation areas (FSAs) such as L4J.
How fast do rental units lease in Thornhill (Days on Market)?
Rental listings in Thornhill spend an average of 27 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 4 days slower than the broader Vaughan municipal benchmark of 23 days.
How should landlords price their rental listings in Thornhill to avoid vacancy loss?
With active listings averaging $2,713 against closed leases at $2,659—an asking-to-realized spread of $54 per month—landlords should price units in line with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy extending past the submarket average of 27 days.
How much more will a unit with a parking spot in Thornhill rent for versus a unit without one?
Reserved parking in Thornhill adds an estimated $179 to $239 per month across 1-bedroom and 1-bedroom plus den layouts based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Thornhill rents?
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.
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