Apartments for Rent London Ontario – 2025 Prices Vacancy Trends
London’s rental market has undergone a measurable shift in 2025, with average rents declining approximately five percent year-over-year amid a significant increase in new construction. Current data indicates approximately 780 active rental listings across major platforms, with overall averages settling near $2,030 per month across all unit types. This cooling follows a period of rapid escalation driven by post-pandemic demand and institutional growth.
The Canada Mortgage and Housing Corporation’s 2025 Rental Market Report reveals purpose-built apartment vacancy rates have risen to 4.0 percent, up from 2.2 percent in 2024 and exceeding the ten-year national average of 3.1 percent. Conversely, condominium apartments maintain an exceptionally tight 0.2 percent vacancy rate, creating divergent conditions within the same geographic market.
Renters currently face a landscape of increased choice, particularly in purpose-built units, though specific amenities, neighborhood premiums, and pet policies remain variables requiring direct verification with individual listings.
Where to Find Apartments for Rent in London, Ontario
Average 1-Bed Rent
Purpose-Built Vacancy
Active Listings
Year-Over-Year Change
Several key metrics define the current search landscape for apartments for rent london ontario:
- Average rent across all unit types stands at $2,030
- Two-bedroom purpose-built units average $1,651 monthly
- Comparable condominium units command $2,132 on average
- Purpose-built vacancy rates reached 4.0% in 2025
- Condominium vacancy remains critically low at 0.2%
- Rental supply expanded 2.1% with record construction completions
- Monthly averages dropped $70 both year-over-year and month-over-month
| Bedrooms | Average Rent | Unit Type Context |
|---|---|---|
| 1 Bedroom | $1,509 | Most common listing type |
| 2 Bedroom | $1,850 | Blended average across types |
| 3 Bedroom | $2,450 | Limited availability |
| 4 Bedroom | $3,436 | Highest price tier |
| Purpose-Built 2BR | $1,651 | CMHC tracked average |
| Condo 2BR | $2,132 | Premium segment |
Average Rent Prices in London, Ontario
Rent by Bedroom Size
CMHC data establishes clear pricing tiers. One-bedroom units average $1,509, while two-bedroom configurations command $1,850. Three-bedroom units reach $2,450, and four-bedroom accommodations average $3,436. The disparity between purpose-built rental apartments ($1,651 for two-bedroom) and condominium rentals ($2,132 for comparable size) reflects distinct market segments.
Budget-Friendly Options Under $1,500
Apartments under $1,500 represent a minimal portion of available inventory. Zillow data indicates only one unit listed at $500 and 24 units at $1,200 or above among 780 total rentals. With one-bedroom averages at $1,509, options below $1,500 are effectively unavailable in current aggregate listings.
Current aggregate data indicates virtually no available units below $1,500, with the lowest reported listing at $500 representing a single unit among 780 total rentals. Renters seeking budget options should verify current filters directly on listing platforms.
Common Utilities Coverage
Current market reports do not track standard utility inclusions. Whether landlords cover hydro, water, gas, or internet varies entirely by individual lease agreement. National rental data and local aggregates lack standardized reporting on these amenities, requiring direct inquiry for each property.
Best Neighborhoods for Renting Apartments in London, Ontario
Downtown and Central Areas
Specific neighborhood pricing data and availability statistics are not captured in current CMHC or aggregate platform reports. While downtown proximity typically correlates with higher demand, precise rent premiums for central locations remain unverified in 2025 data.
Family-Friendly Suburbs
Market reports identify sub-regional supply increases but do not rank specific suburban areas by family amenities, school proximity, or price differentiation. Renters must investigate individual postal codes through direct platform searches.
Near Universities
Demand remains robust in areas proximal to Western University, driven by the education sector’s steady employment. However, specific student housing availability, pricing relative to general market rates, and neighborhood safety metrics are not quantified in current rental market reports.
Current market reports from CMHC and major rental platforms do not provide neighborhood-specific pricing, rankings, or availability statistics. Renters must investigate individual areas through direct platform searches.
Pet-Friendly and Amenity-Rich Apartments in London, Ontario
Pet Policies and Fees
Aggregate market data does not track the percentage of pet-friendly units or standard fee structures. Policies regarding pet deposits, weight restrictions, and monthly pet rent vary significantly by individual landlord and require verification with each listing.
Popular Amenities
Standard amenities such as in-suite laundry, parking, storage, and fitness facilities are not cataloged in London’s rental market statistics. Platforms list these features individually, but no data indicates which amenities command rent premiums.
Aggregate market data does not track pet-friendly availability or associated fees. Policies regarding deposits, restrictions, and monthly pet rent vary significantly by individual landlord and require direct verification.
Standard amenities such as parking, laundry facilities, and storage are not cataloged in current market-wide statistics. Listings on platforms like Zillow and Rentals.ca provide these details individually.
While demand near Western University remains strong, specific student housing availability, pricing differentials, and lease terms are not tracked separately from general market data.
Current Rental Market Overview in London, Ontario
Vacancy Rates and Supply Trends
The 4.0 percent vacancy rate for purpose-built apartments marks a significant loosening from 2024’s 2.2 percent, sitting above the ten-year average. This shift stems from a construction overhang following a pandemic-era 50 percent surge in building activity. Rental supply grew 2.1 percent in 2025, driven by a record 2,585 completions from January to September.
Conversely, condominium apartments remain constrained at 0.2 percent vacancy, indicating that privately-owned rental units face entirely different supply dynamics than purpose-built rental stock.
Market Conditions for Renters
London maintains relative affordability compared to Toronto, attracting renters priced out of larger markets. However, employment growth has slowed, muting demand despite easing mortgage rates. Sales activity remains 30 percent below pre-pandemic levels, with new listings rising 9.3 percent year-over-year in mid-2024.
How Has London’s Rental Market Changed Over Time?
- : Pandemic onset initially suppresses rental demand and pricing.
- : Post-pandemic recovery and student population growth drive sharp rent increases, with purpose-built apartments seeing 36% annual growth.
- : Average rents peak at $2,350 before beginning decline.
- : Market shows softening with averages at $2,104.
- : Record 2,585 construction completions flood market with new supply.
- : Rents decline 5% year-over-year, settling at approximately $2,013.
What Information Is Definite vs. What Remains Unclear?
| Established Information | Uncertain or Unavailable |
|---|---|
| Average rents by bedroom size ($1,509 to $3,436) | Neighborhood-specific pricing tiers |
| Vacancy rates: 4.0% (purpose-built), 0.2% (condo) | Percentage of pet-friendly units |
| Supply growth of 2.1% and 2,585 completions | Standard utility inclusion practices |
| 5% annual rent decline in 2025 | Student housing availability metrics |
| 780 active listings on major platforms | Amenity-specific rent premiums |
What Factors Shape London’s Rental Market?
London’s rental landscape reflects its position as a mid-sized city with major institutional anchors. Western University, healthcare facilities, and manufacturing sectors generate consistent housing demand. The pandemic-era construction boom created a 50 percent surge in building activity, resulting in current oversupply conditions that benefit renters.
Employment growth has slowed recently, muting demand despite stabilizing mortgage rates. The city’s relative affordability compared to Toronto continues to attract regional migrants, though immigration policy changes introduce uncertainty. Steady sectors like education, healthcare, and manufacturing provide underlying market stability even as sales activity lags historical norms.
Data Sources and Methodology
This analysis relies on verified data from the Canada Mortgage and Housing Corporation’s 2025 Rental Market Report, Zillow’s rental market trends data, and supplementary reports from Rentals.ca and Mortgage Sandbox.
The vacancy rate for purpose-built rental apartments reached 4.0% in 2025, up from 2.2% in 2024, while condominium apartments maintain a 0.2% vacancy rate.
— CMHC Rental Market Reports for Major Centres
London rents declined 5% over the past year, even before immigration policy changes, signaling a softening rental market that may deter investors.
— Mortgage Sandbox 2024 Market Recap
Additional context derives from Ontario’s renting guidelines and local market analysis.
What Should Prospective Renters Know?
With vacancy rates rising to 4.0% for purpose-built units and rents declining 5% year-over-year, 2025 presents a more favorable environment for renters than previous years. However, condominium vacancies remain tight at 0.2%, requiring flexibility. Prospective tenants should verify specific amenities and neighborhood characteristics directly with listings, as aggregate data lacks these details. For updated pricing forecasts, see Apartments for Rent London Ontario – March 2026 Prices and Listings.
Frequently Asked Questions
What utilities are typically included in London Ontario rentals?
Current market reports do not track standard utility inclusions. Coverage for hydro, water, gas, and internet varies by individual landlord and lease agreement, requiring direct verification with property managers.
Is London Ontario a good place to rent?
With vacancy rates rising to 4.0% and rents declining 5% year-over-year, 2025 offers improved conditions for renters. The city maintains relative affordability compared to Toronto, though employment growth has slowed.
How do I find student housing near Western University?
While demand remains robust in areas proximal to Western University, specific student housing availability is not tracked in aggregate market data. Prospective tenants should filter listings on major platforms by proximity to the university.
Are there apartments available for under $1,500?
Options under $1,500 are extremely limited. Current data shows only one unit listed at $500 and 24 units at $1,200 or above among 780 total listings, with one-bedroom averages at $1,509.
What is the vacancy rate in London Ontario?
Purpose-built rental apartments show a 4.0% vacancy rate as of 2025, up from 2.2% in 2024. However, condominium apartments maintain a significantly tighter 0.2% vacancy rate.
How have rents changed compared to last year?
Rents have declined approximately 5% year-over-year, with monthly averages dropping $70. December 2025 averages reached $2,013 compared to $2,104 in December 2024.
Where can I find official rental market statistics?
The Canada Mortgage and Housing Corporation publishes annual Rental Market Reports for major centres including London. CMHC Rental Market Reports for Major Centres provide verified vacancy and rent data.
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