Looking for a new apartment in London, Ontario? Between shifting rents and dozens of neighbourhoods, the search can get complicated fast. We’ve combed through listings and local data to give you a clear picture of what’s available and what it actually costs.

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Average one-bedroom rent: $1,598/month ·
Average two-bedroom rent: $1,945/month ·
Studio starting rent: $1,256/month

Quick snapshot

1Confirmed facts
2What’s unclear
  • Exact average rent varies by source and unit type (Apartments.com)
  • Future rent trends depend on market conditions (CMHC)
  • No single source ranks safest neighbourhoods (LS Rentals)
3Timeline signal
  • Rent data collected through mid‑2025 shows persistent levels (Apartments.com) (City of London)
  • Affordable housing projects continue to open (City of London)
4What happens next
  • Monitor listings on multiple platforms for best deals (Apartments.com)
  • Check city affordable housing updates regularly (City of London)

Seven data points on London, Ontario rentals: a mix of average prices and listing volumes from verified sources.

Metric Value
Studio average rent (per month) $1,256 (Apartments.com Rent Trends)
One-bedroom average rent $1,598 (Apartments.com)
Two-bedroom average rent $1,945 (Apartments.com Rent Trends)
Three-bedroom average rent $2,348 (Apartments.com Rent Trends)
Total listings on Apartments.com 2,368 rentals (Apartments.com)
Total listings on Zillow 892 apartments (Zillow)
Total verified listings on liv.rent 1,500 (liv.rent)

Is rent expensive in London, Ontario?

Average rental prices in London, Ontario

  • Studio units average $1,256/month with 368 sq ft (Apartments.com Rent Trends).
  • One-bedroom apartments average $1,598/month and 676 sq ft (Apartments.com).
  • Two‑bedroom units average $1,945/month with 990 sq ft (Apartments.com Rent Trends).
  • Three‑bedroom homes average $2,348/month and 1,223 sq ft (Apartments.com Rent Trends).

Compared with the US national average of $1,774, London’s one‑bedroom price is about 10% lower (Apartments.com).

The upshot

For a studio apartment, London is noticeably affordable — the $1,256 average is well under the $1,400+ typical in nearby Ontario cities. Single renters get decent square footage for the price.

What is considered expensive?

Most personal finance guides recommend spending no more than 30% of your pre‑tax income on housing (CMHC). With a one‑bedroom rent of $1,598, a renter earning $55,000/year would be right at that threshold — comfortable but no cushion.

How rent compares to other Ontario cities

Reliable, up‑to‑date city‑by‑city comparisons for Ontario are scarce in current listings. The few available datasets (from Zillow and LS Rentals) focus on London alone, making direct ranking difficult.

What this means

Without a cross‑city comparison table, renters should treat any “cheapest Ontario city” claims cautiously. London’s advantage over US averages is real — but within Ontario the picture is less clear.

Bottom line: London’s rent is slightly below US average, making it an affordable option for studio renters. One-bedroom rent sits at $1,598, which requires a salary of about $55,000 to stay within the 30% rule.

Are rent prices going down in London, Ontario?

Recent rent declines

Rent prices in London have fallen for eight consecutive months, according to data from Apartments.com. The city is among the fastest declining markets in Canada, with averages dropping across unit types.

Why are rents falling?

Increased apartment supply, new affordable housing projects, and economic factors have contributed to the downward trend. The City of London’s ongoing housing developments have added hundreds of units to the market, pressuring landlords to lower prices (City of London).

What does this mean for renters?

For tenants, this creates a window of opportunity. Negotiating rent reductions is more feasible, and options in formerly pricey neighborhoods have opened up. Renters should watch listings closely and act quickly on desirable units.

Bottom line: The declining trend offers leverage for renters to negotiate rents and explore neighborhoods once out of reach. However, future trends remain uncertain.

Which part of London, Ontario is best to live in?

Top neighbourhoods for families

  • White Oaks and South London offer budget‑friendly apartments near schools, green spaces, and shopping (LS Rentals).
  • Old North (east of Richmond) is often recommended for its tree‑lined streets and community feel.

Best areas for students

  • The Western University District — around Oxford and Richmond — puts you walking distance from campus, coffee shops, and gyms (LS Rentals).
  • Downtown Core is lively, well‑connected, and near transit hubs, popular with professionals (LS Rentals).

Affordable vs. upscale neighbourhoods

Luxury apartments in North and Downtown London feature secure access, parking, and fitness facilities (LS Rentals). Budget‑conscious renters can find older units in South London and parts of the West end.

The trade-off

Proximity to campus or downtown usually means a higher rent and less space. Families willing to commute from White Oaks or South London can stretch their dollar significantly.

Bottom line: For students, the Western University district offers walkability at a premium. Families will find better value in White Oaks and South London. Proximity to downtown or campus raises costs.

Which area in London, Ontario is the safest?

Crime statistics by neighbourhood

Comprehensive, neighbourhood‑level crime data for London is not consistently published in rental guides. LS Rentals notes that many apartments highlight safety features such as secure entry, on‑site staff, and well‑lit parking — but they do not rank specific districts.

Tips for renting in a safe area

  • Ask property managers about security cameras and door locks.
  • Check the City of London Police crime maps if available.
  • Visit the neighbourhood at different times of day before signing.
What to watch

Without a definitive safety ranking, renters should rely on direct observation and property‑specific security features. The “safest” neighbourhood list you see online may be outdated or promotional.

Bottom line: Without a definitive safety ranking, renters should inspect neighborhoods in person and check property security features. The safest online lists may be outdated.

Which city in Ontario has the cheapest rent?

Cheapest cities in Ontario for renters

The most recent cross‑city rent data we found comes from the Apartments.com analysis, which compares London to the US average — not to other Ontario cities. Local listing sites such as Zillow and LS Rentals also lack a province‑wide ranking.

How London compares

London’s one‑bedroom average of $1,598 is significantly lower than Toronto’s typical $2,400+ (informal estimates) but higher than cities like Windsor and Thunder Bay — though precise 2025 figures for those cities were not available in our research. If you’re looking for more information on renting in London, Ontario, you can Comprovar saldo targeta regal Home Depot.

Why this matters

For anyone asking “Which Ontario city has the cheapest rent?”, the honest answer is: we don’t have a single authoritative source that ranks them all. Renters should use price alerts on multiple platforms to find local deals.

Bottom line: London is cheaper than Toronto but not the cheapest in Ontario. Renters should use price alerts and compare across platforms to find the best deal.
Bottom line: London, Ontario offers a relatively affordable rental market compared to many parts of Canada and the US. Studio renters: the $1,256 average is a solid entry point. Families: check the new city‑funded affordable units. Students: the Western district is pricier but walkable.

Pros and cons of renting in London, Ontario

Upsides

  • Average one‑bedroom rent below US national average
  • Good neighbourhood choices for students and families
  • City funds affordable housing units (e.g. 122 Baseline Rd West)
  • Multiple listing platforms with thousands of units

Downsides

  • Limited verified neighbourhood safety data
  • No single source ranks Ontario city rents
  • Some areas far from amenities or transit
  • Future rent trends are uncertain

What’s confirmed vs. still uncertain

Confirmed facts

  • Studio average rent: $1,256 per month (Apartments.com Rent Trends)
  • One‑bedroom average: $1,598 per month (Apartments.com)
  • Two‑bedroom average: $1,945 per month (Apartments.com Rent Trends)
  • City of London funds affordable units at 867‑869 Adelaide St and 122 Baseline Rd West (City of London)

What’s unclear

  • Exact average rent varies by source and bedroom count
  • No authoritative list of Ontario city rent rankings
  • Future rent trends depend on market conditions
  • Neighbourhood safety rankings are not consistently published
  • Long‑term affordability outlook is uncertain

What sources say

“London rent ($1,598 avg) is slightly less expensive than the US average ($1,774).”

Apartments.com rental market report

“Affordable units at 122 Baseline Rd West: 1‑3 bed for adults/families/seniors, accessibility available.”

City of London affordable housing directory

Summary

London, Ontario’s rental market offers a mix of affordability and uncertainty. Current data from listing platforms shows average rents well below the US median, with studio units as low as $1,256 per month. For renters moving to London, the choice is clear: compare listings from multiple sources like Apartments.com, Zillow, and liv.rent to find the best deal — or risk missing out on a budget‑friendly unit in a neighbourhood that suits your lifestyle.

Additional sources

apartments.com, rentals.ca

For those renting in London, understanding Ontarios 2026 rent increase guideline can help you budget for upcoming lease renewals.

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Frequently asked questions

How to find cheap apartments in London Ontario?

Use price filters on multiple listing sites like Apartments.com and Zillow. Check the City of London’s affordable housing directory for subsidized units. Negotiate with landlords on longer leases.

What is the average rent for a one‑bedroom apartment?

As of current data, the average one‑bedroom rent in London, Ontario is $1,598 per month (Apartments.com).

Is London Ontario a good place to rent for students?

Yes. The Western University District and areas near Fanshawe College offer walking‑distance apartments. Student‑friendly leases are common (LS Rentals).

Do I need a co‑signer to rent?

Many landlords require a co‑signer if your income is less than 3× the monthly rent. Student rentals near Western often accept guarantors.

What utilities are typically included?

Most apartments include water and heat; electricity and internet are usually separate. Always confirm with the property manager.

How to apply for an apartment in London Ontario?

Gather pay stubs, credit report, references, and a completed rental application. Most platforms allow online applications.

Is London Ontario rent cheaper than Toronto?

Yes. London’s one‑bedroom average of $1,598 is significantly lower than typical Toronto rents (estimated above $2,400), though precise 2025 data varies.