Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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The best condo buildings to rent in Port Credit for 2027 are Westport, Tanu, Brightwater II, North Shore and The Regatta. Mississauga condo apartments leased for an average of $2,189 (one bedroom) and $2,713 (two bedrooms) in Q2 2026, per TRREB. Westport, Tanu and Brightwater II are new, so most units there are not rent controlled.
This guide is for renters who want to live in Port Credit, Mississauga’s lakeside village, in 2027. You get five condo buildings worth shortlisting, from brand-new towers near the GO station to older lakefront buildings with big suites, what condos lease for in Mississauga, which buildings are covered by rent control, and the checks to make before you sign.
How much does it cost to rent a condo in Port Credit in 2027?
No public report breaks out Port Credit rents. The closest official figures are TRREB’s rental report for the City of Mississauga, which counts condos leased through the MLS system. The second-quarter 2026 report is the latest posted; the third-quarter report was not on TRREB’s site when I checked on 10 November 2026.
| Condo apartments, Q2 2026 | Leases | Mississauga average rent | All TRREB areas |
|---|---|---|---|
| 1 bedroom | 927 | $2,189 | $2,273 |
| 2 bedrooms | 875 | $2,713 | $3,013 |
| 3 bedrooms | 38 | $3,299 | not compared |
| All condo apartments | 1,856 (of 2,393 listed) |
Source: TRREB Rental Market Report, Q2 2026 (average lease rates, City of Mississauga). Port Credit is not reported separately; waterfront and new units often lease above the city average.
The direction is still in your favour. Rentals.ca and Urbanation reported that apartment and condo asking rents in Mississauga were 4.3% lower in October 2026 than a year earlier. Port Credit is one of the city’s most popular areas, so do not expect bargains on lake-view suites, but you should have room to negotiate on terms. For more detail by home type, read my guide to the average rent in Mississauga.
How did I choose these five Port Credit buildings?
I picked buildings that renters actually ask me about, with a mix of new and established, tower and low-rise. I weighed walking distance to Port Credit GO and Lakeshore Road, suite sizes, building age and whether the rent increase guideline applies. Building facts come from a building-data website building records, which draw on condo corporation and listing data. This is my own shortlist, not a paid ranking.
| # | Building | Address | Built | Floors / units | Rent guideline applies? |
|---|---|---|---|---|---|
| 1 | Westport | 28 Ann St | 2024 | 22 / 359 | Usually no (new) |
| 2 | Tanu Condos | 21 Park St E | 2022 | 15 / 204 | Usually no (new) |
| 3 | Brightwater II | 220 Missinnihe Way | 2024 | 14 / 310 | Usually no (new) |
| 4 | North Shore | 1 Hurontario St | 2011 | 22 / 213 | Usually yes |
| 5 | The Regatta | 65 Port St E | 2003 | 6 / 75 | Usually yes |
Source: building-data website pages, checked November 2026. Guideline status follows Ontario’s 15 November 2018 first-occupancy rule; confirm it for the exact unit.
1. Westport (28 Ann Street)
What it is like: a 22-storey, 359-unit tower by Edenshaw Developments, completed in 2024, on Ann Street in the heart of the village, a short walk from Port Credit GO. Listed amenities include a concierge, gym, party room, rooftop deck and guest suites.
Who it suits: commuters who want a new building and the GO train to Union a few minutes’ walk away.
What it costs: no building rent is published. Start from Mississauga’s Q2 2026 averages, $2,189 for a one-bedroom and $2,713 for a two-bedroom, and expect new suites near the GO station to ask more.
What to check: because the building is new, it is very likely exempt from the rent increase guideline. Ask how the landlord plans to handle renewals, and get parking and locker terms in the lease.
2. Tanu Condos (21 Park Street East)
What it is like: a 15-storey glass building with cedar-tone panels, also by Edenshaw, completed in 2022 with 204 units. Suites range from about 636 to 2,335 square feet, so there are larger layouts than in many new towers. Listed amenities include a concierge, gym and party room.
Who it suits: renters who want a newer mid-size building, a bigger suite and the village shops a few blocks away.
What it costs: larger suites lease above the city average. Compare the price per square foot, not just the rent, when you look at units here and at Westport.
What to check: confirm the suite’s size from the floor plan, and whether a den is large enough to use as a bedroom or office.
3. Brightwater II (220 Missinnihe Way)
What it is like: a 14-storey building in Brightwater, the new community at the west end of Port Credit, completed in 2024 by Diamond Kilmer Developments. It has 310 units.
Who it suits: renters who want a new building near the lake and parks, and do not mind living beside a neighbourhood that is still being built. My guide to Brightwater in Port Credit covers the master plan.
What it costs: as one of the first buildings in a large new community, it competes with other new suites coming to market, which can help renters on price and incentives.
What to check: construction. Brightwater is still being built out, so ask what is planned next to the unit’s windows, and walk the route to Port Credit GO yourself, because it is farther from the station than the village buildings.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
4. North Shore (1 Hurontario Street)
What it is like: a 22-floor, 213-unit tower by FRAM Building Group, completed in 2011, at the foot of Hurontario Street near the lake. Its amenity list is long: concierge, gym, tennis court, rooftop deck, party room, rec room, guest suites and bike storage.
Who it suits: renters who want an established lakeside tower with full amenities and the protection of the rent increase guideline.
What it costs: the condo fees cover heat, water and air conditioning, so ask whether the landlord includes those in your rent. An all-in rent can be cheaper than a lower rent plus separate utility bills.
What to check: which way the suite faces. Lake-facing and village-facing units in the same tower can rent very differently.
5. The Regatta (65 Port Street East)
What it is like: a six-storey, 75-unit FRAM building from 2003 near Lakeshore Road East and St. Lawrence Drive. Suites are large, from about 1,155 to 3,220 square feet, and amenities include a concierge, party room and car wash. The condo fees include heat, water, air conditioning and parking.
Who it suits: downsizers, families and anyone who wants house-sized space in a quiet low-rise by the water.
What it costs: with suites this large, expect rents well above the city’s two-bedroom average. Rentals come up rarely in a building of 75 units, so be ready to move quickly.
What to check: the building’s rules on pets, moving times and renovations, which apply to tenants as well as owners.
Which Port Credit condos are covered by rent control?
Ontario’s rent increase guideline for 2027 is 1.9%. It caps yearly increases for most tenants, but it does not apply to units in buildings first occupied for residential purposes after 15 November 2018.
- Usually covered: North Shore (2011) and The Regatta (2003).
- Usually exempt: Westport (2024), Tanu (2022) and Brightwater II (2024). At renewal the landlord can ask for any increase, with proper notice.
Either way, rent can only go up once every 12 months, with at least 90 days’ written notice. See my guide to the 2027 rent increase guideline for the details.
In Port Credit, the choice is usually new and close to the GO train, or older with more space and rent control. If you will stay three years or more, I lean towards the older buildings: a guideline-covered lease protects you from a big jump at renewal, and the suites are larger. If you commute downtown every day and plan a shorter stay, Westport’s location is hard to beat. Whichever you choose, compare at least three units before you apply.
What is it like to rent in Port Credit?
Port Credit has what most of Mississauga does not: a walkable main street along Lakeshore Road, marinas and waterfront parks, and a GO station on the Lakeshore West line. Most of the buildings above are within walking distance of all three. Pay for the transit that runs today, not for lines that are still being built.
Daily life varies by street. Units on Lakeshore Road get more noise and patio crowds in summer; units south of Lakeshore are quieter. My list of things no one tells you about Port Credit covers the trade-offs.
Popular buildings attract fake listings that copy real photos and ask for a deposit before a viewing. Never send money for a unit you have not seen in person or on a live video tour, confirm that the person you deal with owns or manages it, and pay by a traceable method with a receipt.
Should you rent or buy a condo in Port Credit in 2027?
Buyers have leverage too. The median Mississauga condo apartment sold for $485,000 from January to October 2026, down 9.3% from a year earlier, and units took an average of 42 days to sell, according to TRREB MLS data via REALM. Port Credit is not reported separately, and waterfront suites sell well above the city median. If you are thinking of buying instead, read my guide to buying a Port Credit condo first.
What to do next
- Set your budget from the Q2 2026 Mississauga averages, then check current listings in two or three of these buildings.
- Ask each landlord whether the unit is covered by the rent increase guideline and what utilities are included.
- Walk from the building to Port Credit GO at the time you would commute.
- Read the lease and the condo rules before you pay any deposit.
- If you own a condo and are deciding between renting it out and selling, get a value for it first.
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
How much is rent for a condo in Port Credit?
No source publishes Port Credit rents on their own. For Mississauga as a whole, TRREB’s Q2 2026 report shows condo apartments leased for an average of $2,189 a month for one bedroom and $2,713 for two bedrooms. Port Credit’s newer and lake-view suites usually lease above those city averages, so compare recent leases in the building.
What are the newest condos in Port Credit?
Westport at 28 Ann Street and Brightwater II at 220 Missinnihe Way were both completed in 2024, and Tanu Condos at 21 Park Street East in 2022, according to a building-data website building records. All three were first occupied after 15 November 2018, so most of their rental units are not covered by Ontario’s rent increase guideline.
Is Westport Condos in Port Credit rent controlled?
Usually not. Westport, the 22-storey Edenshaw tower at 28 Ann Street in Port Credit, was completed in 2024. Ontario’s rent increase guideline, 1.9% for 2027, does not apply to units first occupied for residential purposes after 15 November 2018, so the landlord can raise the rent by any amount at renewal with 90 days’ notice.
Which Port Credit condo has the biggest suites?
The Regatta at 65 Port Street East has some of Port Credit’s largest condo suites, about 1,155 to 3,220 square feet, in a six-storey, 75-unit FRAM building completed in 2003. Tanu Condos at 21 Park Street East also offers large layouts, up to about 2,335 square feet, in a 2022 building.
Are rents going down in Mississauga in 2026?
Yes. Rentals.ca and Urbanation reported that apartment and condo asking rents in Mississauga were 4.3% lower in October 2026 than a year earlier. TRREB’s Q2 2026 report showed 2,393 Mississauga condo apartments listed for rent and 1,856 leased, so renters in Port Credit and elsewhere in the city have choice going into 2027.
Can you take the GO train from Port Credit?
Yes. Port Credit GO station is on the Lakeshore West line, with trains to Union Station in downtown Toronto. Westport, Tanu, North Shore and The Regatta are all in or near the village and within walking distance. Brightwater, at the west end of Port Credit, is a longer walk, so time the trip before you sign a lease.
Which Port Credit condos include utilities in the condo fees?
At North Shore, 1 Hurontario Street, the condo fees cover heat, water and air conditioning, and at The Regatta, 65 Port Street East, they cover heat, water, air conditioning and parking, according to a building-data website. Fees are paid by the owner, so a Port Credit tenant should ask whether the landlord includes those utilities in the rent.
Is it cheaper to rent or buy a condo in Port Credit in 2027?
It depends on how long you stay and the unit. Mississauga condo apartments sold for a median $485,000 from January to October 2026, down 9.3%, while asking rents fell 4.3% in the year to October 2026. Port Credit waterfront suites cost more than the city median, so compare a real monthly ownership cost with a real lease.
Sources
- TRREB Rental Market Report, Q2 2026
- Rentals.ca and Urbanation National Rent Report, October 2026 (released 5 November 2026)
- Ontario: Residential rent increases and the 2027 guideline
- A building-data website: Westport, 28 Ann St, Mississauga
- A building-data website: Tanu Condos, 21 Park St E, Mississauga
- A building-data website: Brightwater II, 220 Missinnihe Way, Mississauga
- A building-data website: North Shore, 1 Hurontario St, Mississauga
- A building-data website: The Regatta, 65 Port St E, Mississauga
Related reading
- Top 5 Best Neighbourhoods to Live in Mississauga in 2027
- Top 5 Best Neighbourhoods to Live in Brampton in 2027
- Top 5 Best Neighbourhoods to Live in Markham in 2027
- Top 5 Best Neighbourhoods to Live in Oakville in 2027
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.