Why Rent in London, Ontario?
London offers a balanced lifestyle with:
- Affordable housing compared to larger cities like Toronto.
- Proximity to major highways (Highway 401 and 402), making travel easy.
- A strong job market, particularly in education, healthcare, and tech.
- Reputable institutions such as Western University and Fanshawe College.
- Beautiful green spaces, including Victoria Park, Springbank Park, and the Thames River trails.
Types of Homes for Rent
Renters in London can choose from a wide range of housing options:
1. Single-Family Homes
- Found in suburban neighborhoods like Byron, Oakridge, and White Oaks.
- Typically offer a yard, garage, and multiple bedrooms.
- Great for families or those needing more space.
2. Townhouses
- Available in areas like Summerside, Westmount, and Masonville.
- Offer a blend of affordability and convenience.
- Often include small outdoor spaces and attached garages.
3. Condos and Apartments
- Popular in downtown London, Wortley Village, and near Western University.
- Ideal for students, professionals, and retirees.
- Many buildings include amenities like gyms, laundry, and security.
4. Basement Suites and Duplexes
- Offer a more budget-friendly alternative.
- Often found in older neighborhoods like Old North or Carling.
- Great for students or individuals seeking privacy.
Average Rent Prices (as of 2025)
Rental prices in London, Ontario, vary depending on location, size, and property type. Here's a rough guide:
| Property Type | Average Monthly Rent |
| 1-Bedroom Apartment | $1,500 – $1,800 |
| 2-Bedroom Apartment | $1,800 – $2,200 |
| 3-Bedroom House | $2,200 – $2,800 |
| Townhouse | $2,000 – $2,500 |
| Basement Unit | $1,200 – $1,600 |
Note: Prices fluctuate based on demand, season, and location.
Popular Rental Neighborhoods
- Downtown London: Great for nightlife, work, and walkability.
- Wortley Village: Historic charm with a strong sense of community.
- Byron: Quiet and family-friendly, with parks and good schools.
- Masonville: Close to Western University and shopping centers.
- Old East Village: Up-and-coming area with a creative vibe and historic homes.
Tips for Finding a Rental Home
- Start your search early – especially in spring and fall when demand is high.
- Use trusted platforms like Realtor.ca, Kijiji, Zumper, or local property management websites.
- Visit neighborhoods in person to get a feel for the area.
- Be ready with documentation (credit check, references, proof of income).
- Watch for scams – avoid sending money before seeing the property or confirming the landlord.
Final Thoughts
London, Ontario, offers a dynamic and growing rental market with something for everyone. From cozy downtown apartments to spacious family homes in the suburbs, the city’s rental options are diverse and increasingly in demand. As the city continues to grow, it remains a great place to rent for anyone seeking affordability, community, and quality of life in southwestern Ontario.