Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
A one-bedroom condo in Mississauga leased for an average of $2,189 a month and a two-bedroom for $2,713 in Q2 2026, TRREB’s latest report. Three-bedroom townhouses averaged $3,372. Asking rents were still down 4.3% year over year in October 2026, per Rentals.ca. No source publishes basement-only averages.
This guide is for renters looking at Mississauga for 2027, and for owners who want to know what their home or basement could rent for. You will get the latest average rents for condos, townhouses and houses from named sources, the truth about basement rent figures, the income you need, and the rules that apply in Mississauga.
What is the average rent in Mississauga right now?
A one-bedroom condo apartment in Mississauga leased for an average of $2,189 a month in the second quarter of 2026, and a two-bedroom for $2,713. That is the latest report from the Toronto Regional Real Estate Board (TRREB), based on 1,856 Mississauga condo leases. Its third-quarter report was not out yet when I checked on 5 November 2026.
Asking rents on listing sites run a little lower for one-bedrooms. Here is how the main sources compare.
| Source and date | What it counts | 1-bedroom | 2-bedroom | 3-bedroom |
|---|---|---|---|---|
| TRREB, Q2 2026 | Condo apartments leased on MLS (average) | $2,189 | $2,713 | $3,299 |
| Rentals.ca and Urbanation, August 2026 | Asking rents, all property types (average) | $2,042 | $2,443 | Not reported |
| liv.rent, October 2026 | Unfurnished asking rents, all listing types | $2,026 | $2,473 | $2,978 |
| CMHC, October 2025 | Purpose-built apartments, occupied and vacant (average) | $1,746 | $2,005 | $2,109 |
Source: TRREB Rental Market Report Q2 2026; Rentals.ca and Urbanation figures as reported by INSAUGA, 10 September 2026; liv.rent October 2026 Ontario Rent Report; CMHC Rental Market Survey, Mississauga City (zones 18 to 20), October 2025.
Rentals.ca put the average across every type of rental in Mississauga at $2,346 in August 2026 and $2,337 in September. The CMHC numbers are lower because they include tenants who have been in older rental towers for years. If you are signing a new lease, use the TRREB and liv.rent figures.
How much is a condo to rent in Mississauga by bedroom?
Condo apartments make up most of the rentals TRREB tracks in Mississauga, far ahead of townhouses. TRREB counted 2,393 condo apartments listed for rent in Mississauga in Q2 2026, and 1,856 were leased. That means plenty of choice for renters.
| Condo apartment, Q2 2026 | Leases | Average rent | GTA average (all TRREB areas) |
|---|---|---|---|
| Bachelor | 16 | $1,873 | $1,849 |
| 1-bedroom | 927 | $2,189 | $2,273 |
| 2-bedroom | 875 | $2,713 | $3,013 |
| 3-bedroom | 38 | $3,299 | $3,779 |
Source: TRREB Rental Market Report Q2 2026. Bachelor and three-bedroom averages rest on few leases, so treat them as rough.
A Mississauga two-bedroom condo rented for about $300 a month less than the GTA average. For families who need two bedrooms, that gap is one of the main reasons to look west of Toronto. If you are still choosing an area, my list of the best neighbourhoods to live in Mississauga covers what each one is like.
How much does it cost to rent a house or townhouse in Mississauga?
Townhouses are the closest thing to a house that the big rental reports track. TRREB recorded 261 townhouse leases in Mississauga in Q2 2026. Two-bedroom townhouses averaged $2,750 and three-bedrooms averaged $3,372. That three-bedroom figure came from 150 leases, so it is a solid number.
CMHC’s survey of purpose-built rental townhouses, which are older complexes owned by one landlord, showed $1,856 for two bedrooms and $2,285 for three or more in October 2025. Those homes rarely come up for rent, and when they do, they go fast.
For houses, the closest public figure is liv.rent’s unfurnished three-bedroom asking rent of $2,978 in October 2026. That figure mixes houses, townhouses and apartments. No public report gives an average for renting a whole detached house in Mississauga. If you need a detached home with a yard, ask a realtor to pull recent leased houses on MLS for the streets you want.
How much is a basement for rent in Mississauga?
No public source publishes an average rent for basement apartments in Mississauga. Rentals.ca and liv.rent count basements inside their totals but do not report them separately. I would not trust any single “average basement rent” figure you see quoted online.
A fair way to judge a basement is to start from the liv.rent unfurnished one-bedroom asking rent of $2,026 and adjust. Knock the price down for low ceilings, small windows, shared laundry, no parking or split utility bills. A legal, bright unit with its own entrance and laundry can price close to a condo one-bedroom.
How to check if a Mississauga basement is legal
The City of Mississauga requires every second unit, including basement apartments, to meet the Ontario Building Code, Fire Code and zoning rules, and to be registered with the City. Registration itself is free. The City keeps a Second Units Registry List, updated in the second week of each month. Before you sign, look up the address on that list. If the unit is not there, ask the owner for the building permit and inspection sign-off.
A registered unit is not just a paperwork point. It tells you the unit passed fire and building inspections, which matters most in a basement where getting out in an emergency is harder.
Instant Home Valuation
What’s your home
worth today?
Answer six quick questions and get an instant value range built from current Toronto & GTA sale data — property type, size, condition, lot and location all weighted the way a real pricing conversation weighs them. Takes about ninety seconds.
Reading recent GTA sale data…
Building your estimate
Estimated market value
—
$0–$0
Most likely value $0 · roughly $0 per square foot
What moved the number
Starting from the area baseline for your property type, here’s what each answer added or subtracted.
Market context
Recent local averages for comparison.
—
A range is a starting point.
A strategy is what sells.
This model doesn’t know that your neighbour’s identical semi went $80,000 over asking last month, or which two upgrades actually pay back in your area. That conversation is free and takes twenty minutes.
Are rents in Mississauga going down?
Yes, Mississauga rents are still lower than a year ago, though the drop is slowing. Rentals.ca and Urbanation reported Mississauga apartment and condo asking rents down 4.3% year over year in October 2026. In August, Mississauga one-bedroom asking rents were down 3.3% and two-bedrooms down 4.4% from a year earlier, as reported by INSAUGA.
liv.rent’s October 2026 report found Mississauga unfurnished one-bedrooms 4.45% below a year earlier. Yet month to month, Mississauga was the only area it tracks where one-, two- and three-bedroom asking rents all rose from September. CMHC’s survey showed the purpose-built vacancy rate in Mississauga at 3.9% in October 2025, close to the 4.1% of a year before.
Next door in Toronto, Rentals.ca reported the first annual rent increase in 32 months in October 2026. My view, and it is only a view: Mississauga often follows Toronto with a lag, so I would not count on rents falling much further in 2027. Today’s renter-friendly terms are worth locking in with a 12-month lease.
How much income do you need to rent in Mississauga?
CMHC calls housing affordable when it costs less than 30% of household income before tax. In plain terms, your yearly household income should be about 40 times your monthly rent.
| Home type (source) | Monthly rent | Income needed at 30% |
|---|---|---|
| Unfurnished 1-bedroom asking rent (liv.rent, Oct 2026) | $2,026 | $81,040 |
| Condo 1-bedroom (TRREB, Q2 2026) | $2,189 | $87,560 |
| Condo 2-bedroom (TRREB, Q2 2026) | $2,713 | $108,520 |
| 3-bedroom townhouse (TRREB, Q2 2026) | $3,372 | $134,880 |
Source: CMHC definition of affordable housing (under 30% of before-tax household income); rents from TRREB Q2 2026 and liv.rent October 2026. Income figures are my arithmetic: monthly rent x 12 / 0.30.
Landlords set their own screening rules, and many ask for a credit report, an employment letter and references. Roommates, a co-signer or a basement unit can bring the rent within reach on a lower income. If you are self-employed, expect to show recent tax assessments or bank statements in place of an employment letter.
What rent increase rules apply to Mississauga tenants in 2027?
Ontario’s rent increase guideline for 2027 is 1.9%. For a Mississauga one-bedroom condo at $2,189, that is about $42 a month. A landlord must wait at least 12 months between increases and give at least 90 days’ written notice. My guide to the Ontario rent increase guideline for 2027 walks through the forms and dates.
Units first occupied for residential use after 15 November 2018 are exempt from the guideline. In Mississauga that covers any condo tower completed since then, wherever it is, and any basement unit created since then. In those units, the increase can be any amount, once every 12 months.
At move-in, the landlord can ask for a deposit of no more than one month’s rent, held for your last month. Read my article on rental deposit rules in Ontario before you pay anything beyond that.
If you rent part of a house and must share the kitchen or bathroom with the owner, or the owner’s spouse, child or parent who lives there, the Residential Tenancies Act does not apply. You would have no Landlord and Tenant Board protection against a sudden eviction or a large increase. A self-contained basement with its own kitchen and bathroom is covered.
Is it cheaper to rent or buy in Mississauga?
Prices have dropped across Mississauga, which helps buyers. Here is how median sale prices compare with yearly rent.
| Home type | Median price, Jan to Oct 2026 | Change vs 2025 | Closest yearly rent |
|---|---|---|---|
| Condo apartment | $485,000 | -9.3% | $32,556 (2-bedroom condo) |
| Condo townhouse | $689,300 | -8.1% | $40,464 (3-bedroom townhouse) |
| Detached house | $1,225,000 | -5.8% | No public average |
Source: TRREB MLS data via REALM, January to October 2026 vs the same period of 2025 (median sold prices, Mississauga); TRREB Rental Market Report Q2 2026 (average rents x 12).
The median Mississauga condo costs about 15 years of two-bedroom rent. That does not include mortgage interest, condo fees or property tax, so it is only a starting point. My rent or buy guide for the GTA in 2027 does the full monthly comparison, and my Mississauga housing market outlook covers where prices may head.
Mississauga is one of the better-value places to rent a two-bedroom in the GTA right now. Use the TRREB average as your ceiling, start your offer near the liv.rent asking figure, and ask for something extra such as parking or a later start date. For any basement, check the City’s registry list first. It takes two minutes and tells you more about safety than any listing photo.
What to do next
- Set your budget at about 30% of your household income before tax.
- Compare two or three Mississauga areas using the TRREB and liv.rent figures for your bedroom count.
- For a basement, look up the address on the City of Mississauga Second Units Registry List.
- Ask every landlord when the unit was first occupied, so you know whether the 1.9% cap applies.
- Get the Ontario standard lease, and confirm in writing who pays heat, hydro and water.
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 Mississauga in 2026?
A one-bedroom condo in Mississauga leased for an average of $2,189 a month and a two-bedroom for $2,713 in Q2 2026, according to TRREB. Rentals.ca and Urbanation reported an average of $2,337 across all rental types in September 2026. Older purpose-built apartments were cheaper, at $1,746 for a one-bedroom in CMHC’s October 2025 survey.
How much is a one-bedroom apartment in Mississauga?
A one-bedroom in Mississauga costs about $2,000 to $2,200 a month in late 2026. liv.rent reported an unfurnished asking average of $2,026 in October 2026, Rentals.ca reported $2,042 in August 2026, and TRREB’s average for leased one-bedroom condos was $2,189 in Q2 2026. Older rental towers can be cheaper for long-time tenants.
How much does it cost to rent a house in Mississauga?
No public report gives an average rent for a detached house in Mississauga as of November 2026. Three-bedroom townhouses averaged $3,372 a month on TRREB’s MLS in Q2 2026, and liv.rent’s unfurnished three-bedroom asking average was $2,978 in October 2026. For a detached home, ask a realtor for recent leased comparables on MLS.
What is the average rent for a basement in Mississauga?
No published source reports an average basement rent for Mississauga as of November 2026. Rentals.ca and liv.rent include basements in their totals without separating them. A good starting point is liv.rent’s October 2026 unfurnished one-bedroom average of $2,026, adjusted down for low ceilings, shared laundry, no parking or split utilities.
Do basement apartments in Mississauga have to be registered?
Yes, the City of Mississauga requires every second unit, including basement apartments, to be registered under its Second Units Registration By-law. The unit must meet the Ontario Building Code, Fire Code and zoning rules. Registration is free, and registered units appear on the City’s Second Units Registry List, which is updated in the second week of each month.
Are rents going down in Mississauga?
Yes, but slowly. Rentals.ca and Urbanation reported Mississauga apartment and condo asking rents down 4.3% year over year in October 2026, and liv.rent showed unfurnished one-bedrooms down 4.45%. In the same month, liv.rent found Mississauga one-, two- and three-bedroom asking rents all rising from September, a sign the decline may be ending.
How much income do I need to rent in Mississauga?
To keep rent below 30% of income, CMHC’s affordability line, you need a household income of about 40 times the monthly rent. For Mississauga’s Q2 2026 average one-bedroom condo rent of $2,189, that is about $87,560 a year. A $2,713 two-bedroom needs about $108,520. Landlords may use their own tests.
How much can a landlord raise rent in Mississauga in 2027?
Most Mississauga landlords can raise rent by no more than 1.9% in 2027, Ontario’s guideline. They need 12 months between increases and 90 days’ written notice. Units first occupied after 15 November 2018, including newer condos and basement apartments, are exempt and can rise by any amount once a year.
Is Mississauga cheaper to rent than Toronto?
Yes, Mississauga is generally cheaper than Toronto for condo rentals. In TRREB’s Q2 2026 report, a Mississauga two-bedroom condo averaged $2,713 a month against $3,154 in the City of Toronto, and a one-bedroom averaged $2,189 against $2,316. The gap is largest for two-bedroom units, which suits couples and small families.
Sources
- TRREB Rental Market Report, Q2 2026 (released 31 August 2026)
- Rentals.ca and Urbanation National Rent Report, October 2026 (released 5 November 2026)
- INSAUGA: Rents are down compared to last year in Mississauga (Rentals.ca data, August 2026)
- liv.rent October 2026 Ontario Rent Report
- CMHC Rental Market Survey data tables, Toronto CMA, October 2025
- City of Mississauga: Registering a second unit
- Residential Tenancies Act, 2006 (Ontario e-Laws)
- CMHC: About affordable housing in Canada
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.