Vaughan Metropolitan Centre Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 19 tracked properties across Vaughan Metropolitan Centre, Vaughan.
Vaughan Metropolitan Centre Rental Market Overview
As of late August 2026, the Vaughan Metropolitan Centre submarket in Vaughan operates as a high-speed hotspot characterized by rapid leasing velocity and robust multi-residential turnover. Spanning postal forward sortation area L4K across 19 tracked residential developments, the submarket recorded an effective average realized rent of $2,270 per month based on 162 closed leases over the trailing 30 days, alongside 126 active listings currently on the market. Realized lease prices trade at an average of $3.74 per square foot, while active asking rents average $2,343 per month, representing a narrow asking-to-realized spread of $73 per month.
Rental rates in the Vaughan Metropolitan Centre submarket sit at a 6% discount compared to the broader Vaughan municipal average of $2,415, offering a slight cost advantage while matching a high-volume urban rhythm. Market activity is heavily anchored by 1-bedroom and 2-bedroom configurations, which account for the vast majority of closed transactions across the tracked listed suites. With an absorption rate of 56.3% and properties leasing swiftly, the submarket continues to attract renters seeking transit-connected density.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Vaughan Metropolitan Centre
Closed Leases
Transactions that closed in September 2026 across Vaughan Metropolitan Centre
Vaughan Metropolitan Centre Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Vaughan Metropolitan Centre Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Vaughan Metropolitan Centre, Vaughan.
| Action | |||||
|---|---|---|---|---|---|
CG Tower 2920 Highway 7 | $2,421/mo | $3.51/SF | 24leases | 5units | Comps |
Festival - Landmark Tower 195 Commerce St | $2,064/mo | $4.21/SF | 7leases | 15units | Comps |
Grand Festival - Landmark Tower 28 Interchange Way | $2,370/mo | $3.89/SF | 5leases | 11units | Comps |
Festival - Signature Tower 225 Commerce St | $2,170/mo | $3.77/SF | 5leases | 10units | Comps |
Transit City 4 (TC4) 1000 Portage Pkwy | $2,100/mo | $3.88/SF | 4leases | 9units | Comps |
Transit City 5 (TC5) 7890 Jane St | $2,391/mo | $3.20/SF | 4leases | 8units | Comps |
Nord East - Expo 3 2908 Highway 7 | $2,438/mo | $3.65/SF | 4leases | 6units | Comps |
Transit City East 950 Portage Pkwy | $2,036/mo | $3.49/SF | 3leases | 14units | Comps |
The Met 7895 Jane St | $2,233/mo | $3.92/SF | 3leases | 8units | Comps |
Mobilio - East Tower 38 Honeycrisp Cres | $2,340/mo | $3.96/SF | 3leases | 5units | Comps |
Nord West at Expo 4 2916 Highway 7 | $2,567/mo | $3.29/SF | 3leases | 3units | Comps |
Transit City 2 5 Buttermill Ave | $2,400/mo | $3.69/SF | 2leases | 5units | Comps |
Transit City 898 Portage Pkwy | $2,200/mo | $3.38/SF | 1lease | 14units | Comps |
Mobilio - South Tower 60 Honeycrisp Cres | $2,195/mo | $4.12/SF | 1lease | 6units | Comps |
Mobilio - West Tower 10 Honeycrisp Cres | $2,200/mo | $4.00/SF | 1lease | 4units | Comps |
Expo 2900 Highway 7 | $3,250/mo | $3.61/SF | 1lease | 3units | Comps |
Expo 2 2910 Highway 7 | $2,400/mo | $3.20/SF | 1lease | 2units | Comps |
The Millway 185 Millway Avenue / 20 Bent Tree Drive | $2,275(ask) | $4.14 (ask) | 0leases | 1unit | Comps |
Mobilio 800 Zum Blvd | — | — | 0leases | 0units | Comps |
2920 Highway 7
195 Commerce St
28 Interchange Way
225 Commerce St
1000 Portage Pkwy
7890 Jane St
2908 Highway 7
950 Portage Pkwy
7895 Jane St
38 Honeycrisp Cres
2916 Highway 7
5 Buttermill Ave
898 Portage Pkwy
60 Honeycrisp Cres
10 Honeycrisp Cres
2900 Highway 7
2910 Highway 7
185 Millway Avenue / 20 Bent Tree Drive
800 Zum Blvd
Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in Vaughan Metropolitan Centre.
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.
Vaughan Metropolitan Centre Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Vaughan Metropolitan Centre
As of late August 2026, the Vaughan Metropolitan Centre submarket in Vaughan operates as a high-speed hotspot characterized by rapid leasing velocity and robust multi-residential turnover. Spanning postal forward sortation area L4K across 19 tracked residential developments, the submarket recorded an effective average realized rent of $2,270 per month based on 162 closed leases over the trailing 30 days, alongside 126 active listings currently on the market. Realized lease prices trade at an average of $3.74 per square foot, while active asking rents average $2,343 per month, representing a narrow asking-to-realized spread of $73 per month.
Rental rates in the Vaughan Metropolitan Centre submarket sit at a 6% discount compared to the broader Vaughan municipal average of $2,415, offering a slight cost advantage while matching a high-volume urban rhythm. Market activity is heavily anchored by 1-bedroom and 2-bedroom configurations, which account for the vast majority of closed transactions across the tracked listed suites. With an absorption rate of 56.3% and properties leasing swiftly, the submarket continues to attract renters seeking transit-connected density.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Vaughan Metropolitan Centre is currently $2,280/month ($3.76/SF), with an average leasing velocity of 26 Days on Market. Compared to the overall Vaughan municipal benchmark ($2,431/month), Vaughan Metropolitan Centre trades at a 6% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Transit City East ($2,036/mo) to Expo ($3,250/mo).
Month Over Month Trends
Short-term pricing showed marginal upward movement month-over-month, with average realized rents climbing by $13, or 0.58%, rising from $2,257 across 185 closed leases in the prior 30-day window to $2,270 across 162 closed leases in the current period. This stable month-over-month adjustment reflects consistent tenant demand absorbing available inventory across core 1-bedroom and 2-bedroom floor plans without sharp valuation swings.
Longer Term Trends & Rental Dispersion
Longer-term performance across the Vaughan Metropolitan Centre submarket demonstrates sustained pricing stability, backed by 730 historical leases with an all-time average rent of $2,240 and an all-time average price of $3.66 per square foot over a 180-day baseline. Market pricing dispersion spans from a minimum realized rent of $1,250 to a maximum of $3,375 across all tracked transactions. The overall median monthly rent sits at $2,200, with the middle 50% of the market—defined by the interquartile range—bounded between the 25th percentile at $1,900 and the 75th percentile at $2,500, reflecting a $600 spread that accommodates both entry-level compact suites and premium multi-bedroom spaces.
Currently across Vaughan Metropolitan Centre's 19 tracked multi-family properties, there are 129 active rental listings with an average asking rent of $2,385/month ($3.82/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,280/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Renters targeting the Vaughan Metropolitan Centre submarket should expect competitive conditions and move quickly upon identifying a suitable property. Most standard suites lease within the middle 50% benchmark range of $1,900 to $2,500 per month. Stepping up from a standard 1-bedroom unit (averaging $1,898 across 501 square feet) to a 2-bedroom layout (averaging $2,500 across 713 square feet) requires a monthly rent step-up of $602, or 31.72%, while delivering an additional 212 square feet of living space. Adding a den to a 1-bedroom increases average rents by $255 per month, while upgrading from a 2-bedroom to a 3-bedroom unit requires an additional $642 per month. Because properties lease in an average of 21 days, prospective tenants should have their documentation, credit reports, and deposits prepared in advance. While unbundled parking commands a verified premium ranging from $314 to $482 per month depending on the layout, many listings require separate negotiation for reserved stalls.
For Landlords
Landlords and condo investors operating in the Vaughan Metropolitan Centre submarket benefit from rapid inventory absorption, but must maintain pricing discipline to avoid extended vacancy. With active asking rents averaging $2,343 against closed realized leases averaging $2,270, the narrow asking-to-realized spread of $73 per month indicates that prospective tenants are sensitive to overpricing. Properties aligned closely with recent closed transaction benchmarks achieve an average days on market of 21 days, outperforming the broader municipal leasing speed. Landlords should price units within the prevailing interquartile range for their specific bedroom count and factor in unbundled parking premiums—which range from $314 for 1-bedroom suites up to $482 for 2-bedroom plus den layouts—to maximize net operating income without deterring qualified applicants.
For Realtors
Real Estate professionals representing clients in the Vaughan Metropolitan Centre submarket navigate a high-liquidity urban rental market anchored by 19 tracked residential developments across postal area L4K. With 162 closed leases executed over the trailing 30 days and an absorption rate of 56.3%, market velocity remains robust. Agents should advise landlord clients to keep asking rents within $73 of realized market benchmarks to avoid exceeding the submarket's 21-day average days on market. For tenant clients, managing expectations around the $602 step-up between 1-bedroom and 2-bedroom layouts is critical for successful negotiations in a competitive leasing environment.
Vaughan Metropolitan Centre Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Vaughan Metropolitan Centre, Vaughan
What is the average rent for a condominium or apartment in Vaughan Metropolitan Centre, Vaughan?
Vaughan Metropolitan Centre's average realized lease price is $2,270 per month ($3.74 per square foot), based on 162 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the market ranges between $1,900 (25th percentile) and $2,500 (75th percentile) per month, positioning submarket rents at a 6% discount compared to the broader Vaughan municipal average of $2,415.
How much is a 1-bedroom apartment in Vaughan Metropolitan Centre?
The average rent for a 1-bedroom apartment in Vaughan Metropolitan Centre, Vaughan is $1,898 per month ($3.87 per square foot) based on historical data, while 1-bedroom plus den suites average $2,153 per month ($3.66 per square foot). Most 1-bedroom units lease between $1,800 (25th percentile) and $1,950 (75th percentile) per month, with an average size of 501 square feet.
How much is a 2-bedroom apartment in Vaughan Metropolitan Centre?
The average rent for a 2-bedroom apartment in Vaughan Metropolitan Centre, Vaughan is $2,500 per month ($3.54 per square foot) based on historical data, while 2-bedroom plus den suites average $2,690 per month ($3.35 per square foot). Most 2-bedroom units lease between $2,400 (25th percentile) and $2,600 (75th percentile) per month, delivering an average size of 713 square feet—representing a $602 monthly step-up from standard 1-bedroom configurations.
How much is a 3-bedroom apartment in Vaughan Metropolitan Centre?
The average rent for a 3-bedroom apartment in Vaughan Metropolitan Centre, Vaughan is $3,142 per month ($3.35 per square foot), based on historical data. Three-bedroom suites represent a highly scarce inventory segment with limited closed transaction volume, averaging 938 square feet across tracked residential buildings.
What are the most affordable and premium condo and apartment buildings in Vaughan Metropolitan Centre?
Within Vaughan Metropolitan Centre, Expo 2 commands the highest average lease rate at approximately $2,753 per month, while Festival - Landmark Tower offers the most accessible entry point at around $1,968 per month across tracked multi-residential developments.
How does rent in Vaughan Metropolitan Centre compare to the overall Vaughan average?
Vaughan Metropolitan Centre rents average $2,270 per month, which is lower than the overall Vaughan municipal average of $2,415 per month (a spread of $145 or 6%). Properties in Vaughan Metropolitan Centre spend an average of 21 days on the market—leasing 2 days faster than the broader Vaughan municipal benchmark of 23 days.
What are the postal code FSAs for Vaughan Metropolitan Centre?
Condo and apartment rentals in Vaughan Metropolitan Centre primarily fall within postal forward sortation areas (FSAs) such as L4K.
How fast do rental units lease in Vaughan Metropolitan Centre (Days on Market)?
Rental listings in Vaughan Metropolitan Centre spend an average of 21 days on the market before leasing, based on 30-day tracking through August 31, 2026—leasing 2 days faster than the broader Vaughan municipal benchmark of 23 days.
How should landlords price their rental listings in Vaughan Metropolitan Centre to avoid vacancy loss?
With active listings averaging $2,343 against closed leases at $2,270—an asking-to-realized spread of $73 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy extending past the submarket's 21-day average days on market.
How much more will a unit with a parking spot in Vaughan Metropolitan Centre rent for versus a unit without one?
Reserved parking in Vaughan Metropolitan Centre adds an estimated $314 to $482 per month across 1-bedroom and 2-bedroom layouts based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Vaughan Metropolitan Centre 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.
Explore Other Vaughan Submarkets
Compare neighbourhood comps and rental rates for leased units across Vaughan against Vaughan Metropolitan Centre