Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
In Q2 2026, a one-bedroom condo in Milton leased for an average of $2,071 a month and a two-bedroom for $2,576 (TRREB). Three-bedroom townhouses averaged $2,954. No source publishes house or basement averages. Every basement unit in Milton must be registered with the town, at $340 per unit, with a yearly renewal.
This guide is for anyone renting in Milton in 2027, and for owners pricing a condo, townhouse or basement unit there. You will get the latest lease numbers by bedroom count, how Milton compares with the rest of Halton, what older rental buildings charge, and the town’s registration rule for basement apartments.
What is the average rent in Milton right now?
In the second quarter of 2026, a one-bedroom condo apartment in Milton leased for an average of $2,071 a month and a two-bedroom for $2,576. Two-bedroom townhouses averaged $2,618 and three-bedroom townhouses $2,954. 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 was not yet posted, so Q2 is the latest.
Other sources measure different things, so their numbers differ.
| Source and date | What it counts | 1-bedroom | 2-bedroom | 3-bedroom |
|---|---|---|---|---|
| TRREB, Q2 2026 | Condo apartments actually leased (average) | $2,071 | $2,576 | $2,836 (7 leases) |
| TRREB, Q2 2026 | Townhouses actually leased (average) | Too few leases | $2,618 | $2,954 |
| liv.rent, October 2026 | Unfurnished asking rents, Milton | $1,895 | Not published | $3,080 |
| CMHC, October 2025 | Purpose-built rental apartments, Milton and Halton Hills | $1,516 | $1,667 | Suppressed |
Source: TRREB Rental Market Report Q2 2026 (Milton); liv.rent October 2026 Ontario rent report; CMHC Rental Market Survey, October 2025, Toronto CMA zone 29 (Milton/Halton Hills).
If you are signing a lease now, the TRREB lease averages and liv.rent asking rents are the useful ones. The CMHC figure mostly reflects long-time tenants in older buildings, which I cover further down.
How much is a condo rental in Milton compared with Oakville and Burlington?
Milton is the most affordable of Halton’s three larger towns for condo rentals. TRREB counted 208 condo apartment leases in Milton in Q2 2026, out of 267 units listed.
| Condo apartment, Q2 2026 | Milton | Oakville | Burlington | Halton Region |
|---|---|---|---|---|
| One-bedroom (average lease) | $2,071 | $2,178 | $2,159 | $2,152 |
| Two-bedroom (average lease) | $2,576 | $2,923 | $2,785 | $2,812 |
| Units leased | 208 | 549 | 377 | 1,135 |
Source: TRREB Rental Market Report Q2 2026 (average lease rates, condominium apartments).
A Milton two-bedroom condo leased for about $347 a month less than one in Oakville and $209 less than one in Burlington. For one-bedrooms, the gap is smaller, about $90 to $110. The average across all TRREB areas was $2,273 for a one-bedroom and $3,013 for a two-bedroom, so Milton sits well below the GTA as a whole.
Newer Halton condos cost more than these averages suggest when you look only at units rented out by condo owners. CMHC’s October 2025 survey of rented condos across Halton Region found $2,543 for a one-bedroom and $3,069 for a two-bedroom. My guide to rent in Oakville and Burlington has more detail on the neighbouring towns.
How much does it cost to rent a townhouse in Milton?
Townhouses are a big part of Milton’s housing, and they are often the family rental of choice. TRREB recorded 27 townhouse leases in Milton in Q2 2026, from 37 listed. Two-bedroom townhouses averaged $2,618 (21 leases) and three-bedroom townhouses averaged $2,954 (6 leases).
Across Halton Region, townhouses averaged $2,683 for two bedrooms and $3,358 for three. Oakville three-bedroom townhouses averaged $3,475 and Burlington’s $3,328. So a three-bedroom townhouse in Milton leased for roughly $370 to $520 a month less than in its two larger neighbours, although Milton’s three-bedroom figure rests on only six leases.
Notice too that a two-bedroom townhouse in Milton averaged only about $40 more than a two-bedroom condo. A townhouse usually brings more space and a private entrance, but tenants often pay their own utilities. Compare the full monthly cost before you choose.
What do older rental apartments cost in Milton?
CMHC’s October 2025 survey grouped Milton and Halton Hills into one zone. Purpose-built rental apartments there averaged $1,516 for a one-bedroom and $1,667 for a two-bedroom. The overall vacancy rate was 1.8%, and just 0.9% for two-bedrooms.
New tenants pay more than these averages. Vacant one-bedrooms were advertised at an average of $1,811, against $1,506 for occupied ones. CMHC also estimated that rents for the same two-bedroom units rose 6.2% between October 2024 and October 2025. With so few vacancies, older buildings in Milton rarely have units open, so do not plan your search around them.
The lesson for current tenants is simple. If you already rent an older unit at a lower rent, moving can cost you several hundred dollars a month. Before you give notice, price what the same space would cost you today. For landlords, low vacancy is a reason to keep good tenants happy with prompt repairs, since turnover costs more than a guideline increase earns.
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How do you price a house rental in Milton?
No public report publishes an average rent for a detached or semi-detached house in Milton. TRREB’s rental report covers only condos and townhouses, and CMHC surveys rental buildings. liv.rent’s three-bedroom asking rent of $3,080 (October 2026) mixes houses, townhouses and apartments.
To price a house, start with the three-bedroom townhouse average of $2,954 and work up from there. A detached house with a yard and garage generally commands more, but how much more depends on size, condition and who pays the utilities. The reliable way is to have an agent pull houses actually leased nearby in the last few months.
For owners weighing a lease against a sale, here is the price side. From January to October 2026, Milton’s median sale price was $1,130,000 for a detached house (down 6.6% from a year earlier), $810,000 for a freehold townhouse and $515,000 for a condo apartment (down 12.0%), according to TRREB MLS data via REALM. My Halton housing market outlook covers what is selling and how fast.
Milton gives renters the best value in Halton, but the gap closes fast once you add a car for commuting. If you work in Oakville or Mississauga, price the drive or the GO train into your budget before you pick Milton for the lower rent. For owners, the condo market is the weak spot: median condo sale prices fell 12% this year while rents eased only slightly, so leasing out a condo for a year or two can make more sense than selling into a soft market.
What does a basement apartment rent for in Milton?
No public source publishes average basement rents for Milton. As a rough benchmark, a self-contained basement unit should rent below a one-bedroom condo, which leased for an average of $2,071 in Q2 2026. Natural light, ceiling height, a private entrance, in-suite laundry and included utilities all move the price.
Milton has a registration program that every basement tenant and owner should know about:
- All units must be registered. Every additional residential unit in Milton, new or existing, must be registered with the town, whether it is rented, used by family or empty. There is no exemption for older units.
- Fee and inspection. Registration costs $340 per unit. A municipal law enforcement officer and a fire prevention officer inspect the unit for zoning and Fire Code compliance.
- Yearly renewal. A compliance certificate is valid for one year and must be renewed annually. Renewal is free during the three-year pilot that launched in 2025.
Unregistered units can face enforcement, including Fire Code charges and fines. Ask the landlord for the compliance certificate before you sign, and read my checklist on whether a basement apartment is safe.
Most basement apartments first occupied after 15 November 2018 are exempt from Ontario’s rent increase guideline. In those units, the rent can rise by more than 1.9% in 2027, with 90 days’ written notice after 12 months. Ask when the unit was first rented, and confirm it holds a current Milton compliance certificate.
Are Milton rents going up or down in 2027?
Milton asking rents have eased slightly. liv.rent reported Milton’s unfurnished one-bedroom asking rent 2.63% lower in October 2026 than a year earlier. Across the GTA, TRREB’s Q2 report showed one-bedroom condo rents down 2.3% year over year and two-bedrooms down 1.7%.
In its October 2026 report, Urbanation said renters still hold the advantage in much of Ontario outside Toronto, even as Toronto’s own rents rose 1.6% year over year. Milton fits that picture: 267 condos listed for rent in the quarter and 208 leased, which leaves room to negotiate.
My view, and only a view: Milton rents should stay close to current levels through 2027. With 267 condos listed for rent in a single quarter, supply is not tight, and that limits how fast rents can climb. A sharp drop also looks unlikely, because older rental buildings are almost full.
How much can a Milton landlord raise the rent in 2027?
For most units, 1.9%, which is Ontario’s rent increase guideline for 2027. The landlord must wait at least 12 months from the last increase or move-in date and give 90 days’ written notice on the proper form. On a $2,071 one-bedroom, that is about $39 a month. Units first occupied after 15 November 2018 are exempt, and that includes many of Milton’s newer condos and towns. My guide to the 2027 rent increase guideline explains the details.
What to do next
- Compare Milton’s condo and townhouse averages with your budget, then add commuting costs.
- For a basement unit, ask for Milton’s ARU compliance certificate and the date the unit was first rented.
- Ask an agent to pull recent leases on your street before you sign or set a rent.
- If you own in Milton and are deciding between leasing and selling, check your home’s value with the estimator above. If you are buying to rent out, see my list of top condos to buy in Milton.
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 Milton, Ontario?
In Milton, a one-bedroom condo leased for an average of $2,071 a month in Q2 2026 and a two-bedroom for $2,576, based on 208 TRREB condo leases. Two-bedroom townhouses averaged $2,618 and three-bedroom townhouses $2,954. liv.rent put Milton’s unfurnished one-bedroom asking rent at $1,895 in October 2026.
How much is a 1-bedroom condo for rent in Milton?
About $2,071 a month on average, based on 126 one-bedroom condo leases in Milton in Q2 2026 (TRREB). That was lower than Oakville ($2,178) and Burlington ($2,159). Unfurnished one-bedroom asking rents on liv.rent were $1,895 in October 2026, and furnished ones $1,720, so some listings in Milton price below the lease average going into 2027.
How much does it cost to rent a house in Milton?
No public source publishes an average rent for a detached house in Milton as of November 2026. The closest benchmark is the three-bedroom townhouse average of $2,954 (TRREB, Q2 2026), and a detached house with a yard generally rents above that. For a reliable figure, have an agent pull houses actually leased nearby in recent months.
Is Milton cheaper to rent than Oakville?
Yes. In Q2 2026, a two-bedroom condo leased for about $2,576 in Milton against $2,923 in Oakville, a gap of about $347 a month (TRREB). Three-bedroom townhouses averaged $2,954 in Milton and $3,475 in Oakville. Milton’s townhouse figure is based on only six leases, so check current listings as well.
Do basement apartments in Milton need to be registered?
Yes. Milton requires every additional residential unit, including basement apartments, to be registered, whether rented or not, with no exemption for older units. Registration costs $340 per unit and includes an inspection by a municipal law enforcement officer and a fire prevention officer. Certificates last one year, and renewal is free during the pilot that began in 2025.
How much is a basement apartment in Milton?
No public source publishes basement rents for Milton as of November 2026. A self-contained basement unit should generally rent below a one-bedroom condo, which averaged $2,071 in Milton in Q2 2026 (TRREB). Light, ceiling height, laundry and included utilities move the price. Ask for the town’s ARU compliance certificate before agreeing to any rent.
Are rents going down in Milton?
Slightly. liv.rent reported Milton’s unfurnished one-bedroom asking rent down 2.63% year over year in October 2026, and TRREB showed GTA condo rents a little lower than a year earlier in Q2 2026. Urbanation said in October 2026 that renters still had the advantage in much of Ontario outside Toronto, which includes Milton.
How much can a landlord raise rent in Milton in 2027?
For most tenants in Milton, 1.9%, which is Ontario’s rent increase guideline for 2027. The landlord needs 12 months since the last increase and must give 90 days’ written notice. Units first occupied after 15 November 2018 are exempt, which covers many newer Milton condos, townhouses and basement apartments, so their rent can rise by more.
What is the rental vacancy rate in Milton?
CMHC put the vacancy rate for purpose-built rental apartments in its Milton and Halton Hills zone at 1.8% in October 2025, and 0.9% for two-bedrooms. That means older rental buildings in Milton rarely have units open. Condo rentals are easier to find: TRREB counted 267 Milton condos listed for rent in Q2 2026.
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)
- liv.rent: October 2026 Ontario rent report
- Rentals.ca and Urbanation National Rent Report, October 2026 (released 5 November 2026)
- Government of Ontario: Rent increase guideline
- Town of Milton: Learn about the ARU program
- Town of Milton: Register an existing ARU
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.