London Ontario Rental Market Update — Spring 2026
By JDN Property Management Team | May 17, 2026 | 1 min read
The London Ontario Rental Market Right Now
London continues to see strong rental demand driven by population growth, Fanshawe and Western student populations, and continued in-migration from the GTA. Vacancy rates remain below 2% across most of the city — meaning quality units rent fast.
What We're Seeing at JDN
Our portfolio of 1,200+ doors gives us a ground-level view of the market. Key observations this spring:
- Units in Old South and Byron are renting within days of listing.
- 3-bedroom homes are in particularly high demand.
- Tenants are willing to pay premium rents for well-maintained properties.
- Competition for quality units is high — applications are stronger than ever.
Average Rents Spring 2026
- Bachelor / Studio: $1,000–$1,300/month
- 1 Bedroom: $1,300–$1,700/month
- 2 Bedroom: $1,600–$2,200/month
- 3 Bedroom: $1,900–$2,800/month
- Townhome: $2,000–$3,000/month
What This Means for Landlords
Vacancy is your biggest cost. Professional management, fast tenant placement, and quality maintenance are what keep vacancy periods short.
What This Means for Tenants
Act fast on quality listings. Have your documents ready. Work with a reputable management company that maintains its properties.
JDN's Approach in This Market
We price properties accurately for the current market — not too high (causes vacancy), not too low (leaves money on the table). Our tenant screening ensures quality placements that stick.
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