Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
In Q2 2026, a one-bedroom condo leased for an average of $2,168 in Newmarket and a two-bedroom for $2,829 (TRREB). Aurora’s nine condo leases averaged $2,583 and $3,310. Three-bedroom townhouses averaged $3,126 in Newmarket and $2,992 in Aurora. No source publishes house or basement rents, and both towns require basement units to be registered.
This guide is for anyone renting in Newmarket or Aurora in 2027, and for owners deciding what to charge. You will get the latest lease numbers for condos and townhouses, what older rental buildings cost, how to price a house or basement when no one publishes a number, and the local registration rules every basement renter should know about.
What is the average rent in Newmarket and Aurora right now?
In the second quarter of 2026, a one-bedroom condo apartment leased for an average of $2,168 a month in Newmarket and a two-bedroom for $2,829. In Aurora, the few condo leases recorded averaged $2,583 for a one-bedroom and $3,310 for a two-bedroom. Three-bedroom townhouses averaged $3,126 in Newmarket and $2,992 in Aurora.
These figures come from TRREB’s Rental Market Report, which counts leases signed through the MLS System. When I checked TRREB’s rental page on 9 November 2026, the Q3 report had not been posted, so Q2 (April to June) is the latest.
For comparison, the average across all TRREB areas was $2,273 for a one-bedroom condo and $3,013 for a two-bedroom. So Newmarket condos rent below the GTA average, and Newmarket two-bedrooms sit about $180 a month under it. Aurora’s figures land above the GTA average, but read the next paragraph before you lean on them.
One caution before you use them. Both towns are small rental markets compared with Toronto. Newmarket had 31 condo leases in the quarter and Aurora had only nine. A handful of unusual units can move an average that small, so I show the lease counts beside every number below.
How much is a condo rental in Newmarket and Aurora?
| Condo apartment, Q2 2026 | Newmarket | Aurora | York Region |
|---|---|---|---|
| One-bedroom (average lease) | $2,168 (22 leases) | $2,583 (3 leases) | $2,190 |
| Two-bedroom (average lease) | $2,829 (7 leases) | $3,310 (5 leases) | $2,772 |
| Units listed for rent | 38 | 12 | 2,871 |
| Units leased | 31 | 9 | 2,129 |
Source: TRREB Rental Market Report Q2 2026 (average lease rates, condominium apartments). Three-bedroom condos had two leases in Newmarket and one in Aurora and are left out.
Newmarket’s one-bedroom average sits almost exactly on the York Region figure. Aurora’s numbers look high, but three one-bedroom leases cannot tell you much. For a steadier read on newer units, CMHC’s October 2025 survey of rented condos across York Region found an average of $2,401 for a one-bedroom and $2,845 for a two-bedroom, with a condo vacancy rate of just 0.8%.
The bigger story is how few condos there are to rent. York Region as a whole leased 2,129 condo apartments in the quarter. Newmarket and Aurora together leased 40. Most renters in these towns live in townhouses, older rental buildings or units in houses. If you are thinking about buying a condo here to rent out, my list of the top condos to buy in Newmarket and Aurora covers the buildings.
How much does a townhouse rent for in Newmarket and Aurora?
| Townhouse, Q2 2026 | Newmarket | Aurora | York Region |
|---|---|---|---|
| Two-bedroom (average lease) | $2,652 (7 leases) | $2,556 (9 leases) | $2,713 |
| Three-bedroom (average lease) | $3,126 (9 leases) | $2,992 (6 leases) | $3,224 |
| Units listed / leased | 30 / 20 | 21 / 16 | 326 / 234 |
Source: TRREB Rental Market Report Q2 2026 (average lease rates, townhouses).
Townhouses leased for a little less than the York Region average in both towns. In Aurora, a two-bedroom townhouse averaged $2,556, which was well below Aurora’s two-bedroom condo figure. Part of that gap is what comes with the unit: condo rents often include building amenities and some utilities, while townhouse tenants usually pay their own. Compare the full monthly cost, not just the rent.
What do older rental apartment buildings cost in Newmarket and Aurora?
CMHC surveys purpose-built rental buildings every October. It groups Aurora, Newmarket and Whitchurch-Stouffville into one zone, so these numbers cover all three towns.
| Purpose-built apartments, October 2025 | All units | Vacant units | Occupied units |
|---|---|---|---|
| One-bedroom | $1,863 | $2,301 | $1,843 |
| Two-bedroom | $2,204 | $2,704 | $2,163 |
| Three-bedroom or more | $2,991 | Not published | $2,973 |
Source: CMHC Rental Market Survey, October 2025, Toronto CMA zone 26 (Aurora, Newmarket, Whitchurch-Stouffville). Vacant-unit figures for three-bedrooms were suppressed by CMHC.
The vacant-unit column is the one a new renter should read. An empty two-bedroom was advertised at about $540 a month more than the average occupied one. That gap is the cost of moving. If you hold an older lease at a lower rent, staying put is often the cheapest choice available to you.
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How much does it cost to rent a house in Newmarket or Aurora?
No public report gives an average rent for a detached house in either town. TRREB’s report covers condos and townhouses only, and CMHC surveys rental buildings, not single houses.
To price a house, start with the three-bedroom townhouse average ($3,126 in Newmarket, $2,992 in Aurora). A detached house with the same bedrooms usually needs to rent above that because it offers more space, a yard and more privacy. That is my experience from leasing files, not a published figure. Then ask an agent to pull houses actually leased on MLS nearby in the last few months.
For owners deciding between leasing and selling, sale prices matter too. From January to October 2026, the median detached house sold for $1,070,000 in Newmarket (down 10.1% from a year earlier) and $1,370,000 in Aurora (down 2.0%), according to TRREB MLS data via REALM. My Newmarket vs Aurora comparison covers prices for every home type.
What does a basement apartment rent for in Newmarket and Aurora?
No public source publishes basement rents for Newmarket or Aurora. TRREB and CMHC leave them out, and the national rent trackers do not report either town separately. As a rough guide, a self-contained basement unit should rent below a one-bedroom condo, which leased for about $2,168 in Newmarket in Q2 2026. How far below depends on light, ceiling height, laundry and whether utilities are included. A legal unit should meet Ontario’s second-unit standards, including at least 1.95 metres of ceiling height over the required floor area and a bedroom escape window with an opening of at least 0.38 square metres.
What both towns do publish is a registration rule, and it matters to tenants as much as owners.
- Newmarket requires accessory dwelling units to be registered. A new unit must be built under a building permit and pass a final inspection, and every application needs an Electrical Safety Authority report for both units dated within six months. Units built before 1995 need a Fire Code compliance letter from Central York Fire Services.
- Aurora requires every additional residential unit to be registered under By-law 6660-24. The by-law allows up to three units on a lot, requires a 1.2-metre clear path from each unit’s entrance to the street, driveway or parking, and sets fines of $500 to $100,000 on conviction.
Before renting a basement in either town, ask the landlord whether it is registered. My checklist on whether a basement apartment is safe covers ceilings, windows and exits.
Most basement apartments first occupied after 15 November 2018 are not covered by Ontario’s rent increase guideline. Your landlord could raise the rent by more than 1.9% in 2027, with 90 days’ written notice after 12 months. An unregistered unit can also face enforcement by the town, which can upset your tenancy. Ask both questions before you sign.
Are rents in Newmarket and Aurora going up or down in 2027?
Supply is still running ahead of demand. In Q2 2026, Newmarket listed 38 condo units for rent and leased 31, and listed 30 townhouses and leased 20. Across the GTA, TRREB reported average one-bedroom condo rents down 2.3% from a year earlier and two-bedrooms down 1.7%.
CMHC’s October 2025 vacancy rate for purpose-built rentals in the Aurora, Newmarket and Whitchurch-Stouffville zone was 5.6%, up from 2.4% a year before. CMHC rates that estimate as poor quality, so treat it as a direction, not a precise number.
In its October 2026 report, Urbanation said renters still have the advantage in much of Ontario outside Toronto, even as Toronto’s own rents began to rise again. My view, which is not a forecast: expect flat to slightly firmer rents here in 2027, with good negotiating room on units that have sat on the market.
How much can a landlord raise the rent in Newmarket or Aurora in 2027?
For most units, 1.9%. That is Ontario’s rent increase guideline for increases taking effect in 2027. The landlord must wait at least 12 months from the last increase or move-in and give 90 days’ written notice on the proper form. On a $2,168 one-bedroom, that is about $41 a month.
Units first occupied after 15 November 2018 are exempt, and the guideline does not cap the rent set for a new tenant. My guide to the 2027 rent increase guideline explains the forms and exceptions. If you are comparing towns nearby, see my Richmond Hill rent guide.
In towns this small, a single average can mislead you. Use the TRREB figures as a starting range, then look at what has actually leased on your street in the last 90 days. For tenants, the best value is often a townhouse or an older rental building rather than a condo. For owners renting out a basement, register it first. A registered unit is easier to rent, easier to insure and far easier to sell later.
What to do next
- Decide which unit type fits your budget using the condo, townhouse and rental building tables above.
- For any basement unit, ask whether it is registered with the town and when it was first rented.
- Ask an agent for recent leased comparables on your street before you sign or set a rent.
- If you own a home and are weighing a lease against a sale, check its value with the estimator above.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
What is the average rent in Newmarket?
In Newmarket, a one-bedroom condo leased for an average of $2,168 a month in Q2 2026 and a two-bedroom for $2,829, based on TRREB lease data. Three-bedroom townhouses averaged $3,126. Newmarket had only 31 condo leases that quarter, so check recent leases on your street as well before relying on the averages for 2027.
What is the average rent in Aurora, Ontario?
Aurora recorded only nine condo leases in Q2 2026: one-bedrooms averaged $2,583 and two-bedrooms $3,310 (TRREB). Townhouses gave a broader read, at $2,556 for two bedrooms and $2,992 for three. With samples this small, treat Aurora averages as a rough range and compare actual leased units nearby before you sign or set a rent in 2027.
Is rent cheaper in Newmarket or Aurora?
Newmarket was cheaper for condos in Q2 2026, with two-bedroom condos averaging $2,829 against $3,310 in Aurora (TRREB). Aurora was slightly cheaper for townhouses, at $2,992 for a three-bedroom against $3,126 in Newmarket. Aurora’s condo figures rest on only nine leases, so the gap may be smaller than it looks.
How much is a basement apartment in Newmarket?
No public source publishes basement rents for Newmarket as of November 2026. A self-contained basement unit should generally rent below a one-bedroom condo, which averaged $2,168 in Newmarket in Q2 2026 (TRREB). Newmarket also requires accessory dwelling units to be registered, so ask the landlord for proof of registration before you agree to a rent.
Do basement apartments in Aurora have to be registered?
Yes. Aurora’s By-law 6660-24 requires every additional residential unit, including basement apartments, to be registered with the town. The by-law allows up to three units on a residential lot and sets fines of $500 to $100,000 on conviction. Once registered, a unit stays registered without renewal fees unless the town revokes it.
How much does it cost to rent a townhouse in Newmarket or Aurora?
A three-bedroom townhouse leased for an average of $3,126 a month in Newmarket and $2,992 in Aurora in Q2 2026 (TRREB). Two-bedroom townhouses averaged $2,652 in Newmarket and $2,556 in Aurora. Both towns sat a little below the York Region three-bedroom average of $3,224, so townhouses can be good value for families in 2027.
How much can my landlord raise my rent in Newmarket in 2027?
For most tenants in Newmarket, 1.9%, which is Ontario’s rent increase guideline for 2027. The landlord must wait 12 months after the last increase and give 90 days’ written notice. Units first occupied after 15 November 2018, including most newer basement apartments, are exempt from the guideline, so their rent can rise by more.
What is the vacancy rate in Newmarket and Aurora?
CMHC estimated a 5.6% vacancy rate in October 2025 for purpose-built rental apartments in its zone covering Aurora, Newmarket and Whitchurch-Stouffville, up from 2.4% in 2024. CMHC rates that estimate as poor quality. Across York Region, rented condos had a vacancy rate of 0.8%, which shows that newer condo units still lease quickly.
How much is rent in an older apartment building in Newmarket?
Purpose-built rental apartments in CMHC’s Aurora, Newmarket and Whitchurch-Stouffville zone averaged $1,863 for a one-bedroom and $2,204 for a two-bedroom in October 2025. New tenants paid more: vacant one-bedrooms averaged $2,301 and vacant two-bedrooms $2,704. The lower averages reflect long-time tenants whose increases have been capped by rent control.
Sources
- TRREB Rental Market Report, Q2 2026 (PDF)
- TRREB: Rental Market Report page (Q2 2026 still the latest posted, checked 9 November 2026)
- CMHC Rental Market Survey data tables, Toronto CMA, October 2025 (XLSX)
- Rentals.ca and Urbanation National Rent Report, October 2026 (released 5 November 2026)
- Government of Ontario: Rent increase guideline
- Town of Newmarket: Register your accessory dwelling unit
- Town of Aurora: By-law 6660-24, registration of additional residential units (PDF)
- Government of Ontario: Add a second unit in your house
Related reading
- Can My Landlord Enter Without Notice in Ontario?
- Can a Landlord Evict You Without Going to the LTB in Ontario?
- Can My Landlord Raise the Rent Every Year in Ontario? 2027 Rules
- Can a Landlord Put Security Cameras in or Outside a Rental in Ontario?
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.