Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
What's Your Unit Worth Right Now?
Get a free AI-powered price range for your condo in under 90 seconds — floor, exposure, view, parking and locker included. No name or address required.
Get My Free Estimate →
The best condo buildings to rent in Mississauga City Centre for 2027 are M City, Avia, Absolute World, PSV and One Park Tower. Mississauga condo apartments leased for an average of $2,189 (one bedroom) and $2,713 (two bedrooms) in Q2 2026, per TRREB, and towers first occupied after November 2018 are not covered by rent control.
This guide is for renters looking at the condo towers around Square One and Celebration Square in Mississauga City Centre for 2027. You get five buildings worth shortlisting, what condos actually lease for in Mississauga, which towers are covered by Ontario’s rent increase limit and which are not, and the checks to make before you sign.
How much does it cost to rent a condo in Mississauga City Centre in 2027?
No public report gives rents for City Centre alone or for single buildings. The best official figure is TRREB’s rental report for the City of Mississauga, which counts condos leased through the MLS system. Its second-quarter 2026 report is the latest one 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 |
|---|---|---|---|
| Bachelor | 16 | $1,873 | $1,849 |
| 1 bedroom | 927 | $2,189 | $2,273 |
| 2 bedrooms | 875 | $2,713 | $3,013 |
| 3 bedrooms | 38 | $3,299 | not compared |
Source: TRREB Rental Market Report, Q2 2026 (average lease rates, City of Mississauga). City Centre is not reported separately; the bachelor and three-bedroom figures rest on few leases.
Supply is on the renter’s side. TRREB counted 2,393 Mississauga condo apartments listed for rent in the quarter and 1,856 leased. Asking rents were still falling into the fall: Rentals.ca and Urbanation reported that apartment and condo rents in Mississauga were down 4.3% from a year earlier in October 2026, even as Toronto’s turned up 1.6%. For more detail by home type, see my guide to the average rent in Mississauga.
How did I choose these five buildings?
I looked at City Centre the way a tenant should: walking distance to Square One and transit, building age and size (big towers mean more units to choose from), daily conveniences, and whether the rent increase guideline applies. Every building fact below comes from the City of Mississauga, the builder or the Council on Tall Buildings and Urban Habitat (CTBUH). This is my own shortlist, not a paid ranking.
| # | Building | Builder | Completed | Size | Rent guideline applies? |
|---|---|---|---|---|---|
| 1 | M City (M1 and M2) | Rogers Real Estate Development | 2023/2024 occupancy | 61 storeys each | Usually no (new) |
| 2 | Avia and Avia 2 | Amacon | 2025 | 48 and 38 storeys, 1,056 units | Usually no (new) |
| 3 | Absolute World (60 Absolute Ave) | Cityzen and Fernbrook Homes | 2012 | 56 floors, 427 apartments | Usually yes |
| 4 | PSV at Parkside Village | Amacon | 2017 | 47 floors | Usually yes |
| 5 | One Park Tower (388 Prince of Wales Dr) | Daniels | 2008 | 38 floors, 405 apartments | Usually yes |
Source: City of Mississauga M City project page; Amacon (July 2025); CTBUH Skyscraper Center. Guideline status follows Ontario’s 15 November 2018 first-occupancy rule; confirm it for the exact unit.
1. M City (M1 and M2)
What it is like: the newest supertall towers in the core. The City describes M City as an eight-tower, 15-acre community by Rogers Real Estate Development at Burnhamthorpe Road and Confederation Parkway. M1 and M2 are 61 storeys each and were occupied in 2023 and 2024. CTBUH lists 793 apartments in M1 alone.
Who it suits: renters who want a brand-new suite, modern finishes and lots of choice. With hundreds of units per tower, several of the same layout are often listed at once, which gives you room to negotiate.
What it costs: no building-level rent is published. Use Mississauga’s Q2 2026 averages, $2,189 for a one-bedroom and $2,713 for a two-bedroom, as a starting point, then compare live listings in the same tower.
What to check: construction. The City expects the 81-storey M3 to finish in late 2026, M5 in late 2027 and M4 in late 2028, so expect cranes, noise and changing views for a few years. More on the towers in my M City condo guide.
2. Avia (Parkside Village)
What it is like: Amacon’s two newest towers in its 30-acre Parkside Village, finished in 2025. Amacon says Avia and Avia 2 stand 48 and 38 storeys and hold 1,056 condo units between them. A 29,000-square-foot Food Basics opened on the ground floor in March 2025.
Who it suits: renters who want groceries downstairs, Celebration Square and Square One a few steps away, and a long amenity list. Amacon lists a theatre, fitness and yoga studio, gaming lounge, party room, co-working space, sun terrace and a kids’ indoor and outdoor play zone.
What it costs: new towers often have many investor-owned suites hitting the rental market at the same time, which can hold rents near or below the city average.
What to check: as a new building, Avia is very likely exempt from the rent increase guideline. Ask the landlord how they handle renewals and get any promise in writing.
3. Absolute World (60 Absolute Avenue)
What it is like: the twisting landmark towers on the east side of the core, which the City calls the eastern gateway to downtown Mississauga. CTBUH lists 60 Absolute Avenue at 56 floors with 427 apartments, completed in 2012 by Cityzen Development Group and Fernbrook Homes.
Who it suits: renters who want an iconic address and a building old enough to be covered by the rent increase guideline.
What it costs: because each floor turns, layouts and balconies change from floor to floor. Two “one-bedrooms” in the same tower can be quite different, so compare the floor plan, not just the bedroom count. My Absolute World guide explains the design.
What to check: utilities. Ask exactly which ones are in the rent and which you pay separately.
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. PSV at Parkside Village
What it is like: Amacon’s 2017 tower near Burnhamthorpe Road West and Confederation Parkway, 47 floors according to CTBUH. It sits in the same Parkside Village community as Avia, which Amacon describes as within walking distance of downtown Mississauga’s shops and services.
Who it suits: renters who want a newer-feeling tower that is still covered by the rent increase guideline, with the Food Basics at Avia nearby.
What it costs: use the Mississauga averages as your anchor and compare with listings in Avia next door. If a PSV unit costs about the same as an Avia unit, the guideline protection is worth something to you.
What to check: whether the unit comes with parking and a locker, and whether they are in the lease. In City Centre, a suite without parking should rent for less.
5. One Park Tower (388 Prince of Wales Drive)
What it is like: a 38-floor Daniels tower completed in 2008, the oldest of the five buildings here. CTBUH lists 405 apartments.
Who it suits: renters who care about rent stability and an established building more than the newest finishes.
What it costs: older towers sometimes have more generous layouts than new ones, so price per square foot can work in your favour. Ask for the exact size.
What to check: condition. Look at the hallways, elevators and windows, and ask the landlord whether the condo corporation has any major repairs under way that could affect you.
Are condos in Mississauga City Centre rent controlled?
Some are and some are not, and the building’s age decides it. Ontario’s rent increase guideline for 2027 is 1.9%, the most a landlord can raise most tenants’ rent without approval from the Landlord and Tenant Board. But the guideline does not apply to units in new buildings first occupied for residential purposes after 15 November 2018.
- Usually covered: One Park Tower (2008), Absolute World (2012) and PSV (2017).
- Usually exempt: M City (occupied 2023/2024) and Avia (2025). The landlord can raise the rent by any amount at renewal, with proper notice.
In every case the landlord must wait at least 12 months between increases and give at least 90 days’ written notice. My guide to the 2027 rent increase guideline covers the details.
With rents still falling in Mississauga and plenty of supply in the new towers, 2027 is a renter’s market in City Centre. Use it. Ask for a free month, a later start date or parking included, and compare at least three units of the same layout before you apply. If you plan to stay several years, a slightly higher rent in an older, guideline-covered tower can work out cheaper than a lower rent in a new tower with no cap on renewals.
What should you check before signing a lease in a City Centre condo?
- Who owns the unit. Ask to see proof that the person you are dealing with owns the suite or is authorized to lease it.
- The condo rules. Condo by-laws and rules on pets, moving times and amenity bookings apply to tenants too. Ask for a copy.
- What is included. Get parking, locker, utilities and furniture written into the lease.
- The deposit. Ontario limits what a landlord can collect. Read my guide to rental deposit rules before you pay anything.
- Move-in logistics. Big towers require elevator bookings and sometimes a move-in fee or deposit set by the condo corporation.
Never send a deposit for a unit you have not seen in person or by a live video tour, and never to someone who cannot show they own or manage it. Large towers with many similar listings are an easy target for copied photos and fake listings. Pay by a traceable method and get a receipt.
Should you rent or buy a condo in Mississauga in 2027?
Prices have fallen too. The median Mississauga condo apartment sold for $485,000 from January to October 2026, down 9.3% from the same period of 2025, and units took an average of 42 days to sell, according to TRREB MLS data via REALM. Both renters and buyers have leverage right now. If you are weighing the two, start with my overview of Mississauga City Centre condo buildings and run the numbers on a unit you would actually buy.
What to do next
- Set your budget using the Q2 2026 averages, then check current listings in two or three of these towers.
- Ask each landlord whether the unit is covered by the rent increase guideline.
- Compare at least three units of the same layout and negotiate on extras, not just rent.
- Read the lease and condo rules before you pay any deposit.
- If you own a condo and are thinking of renting it out instead of 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
What is the average rent for a condo in Mississauga City Centre?
No source publishes City Centre rents on their own. For the City of 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. Towers near Square One rent in that range, depending on size, floor and parking.
Are rents going down in Mississauga?
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, while Toronto’s rose 1.6%. TRREB’s Q2 2026 report also showed 2,393 Mississauga condos listed for rent against 1,856 leased, which gives renters choice going into 2027.
Is M City rent controlled?
Usually not. M City’s M1 and M2 towers were first occupied in 2023 and 2024, and Ontario’s rent increase guideline does not apply to units first occupied for residential purposes after 15 November 2018. That means the landlord can raise the rent by any amount at renewal, after at least 12 months and with 90 days’ written notice.
What is the rent increase guideline in Ontario for 2027?
Ontario’s rent increase guideline for 2027 is 1.9%. It is the most a landlord can raise most tenants’ rent in 2027 without Landlord and Tenant Board approval. It does not apply to units first occupied after 15 November 2018, which covers newer Mississauga towers such as M City and Avia.
Which Mississauga City Centre condo has a grocery store in the building?
Avia, Amacon’s newest tower at Parkside Village in Mississauga City Centre, has a 29,000-square-foot Food Basics on its ground floor, which opened in March 2025. Avia and Avia 2 hold 1,056 condo units, and PSV, Amacon’s 2017 tower in the same community, is a short walk away.
How much is a 2-bedroom condo for rent in Mississauga?
A two-bedroom condo apartment in Mississauga leased for an average of $2,713 a month in Q2 2026, according to TRREB, based on 875 leases. That was about $300 less than the $3,013 average across all TRREB areas. Two-bedrooms with parking in newer City Centre towers can rent above the average.
How old is Absolute World in Mississauga?
Absolute World’s 60 Absolute Avenue tower was completed in 2012, according to the Council on Tall Buildings and Urban Habitat, which lists it at 56 floors and 427 apartments. Because it was occupied before 15 November 2018, most rental units there are covered by Ontario’s rent increase guideline, which is 1.9% for 2027.
Is it better to rent or buy a condo in Mississauga in 2027?
It depends on how long you will stay. The median Mississauga condo apartment sold for $485,000 from January to October 2026, down 9.3%, while asking rents were down 4.3% in October 2026. Both markets favour the person signing, so compare a real monthly ownership cost with a real lease before deciding.
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
- City of Mississauga: M City project
- Amacon: Celebrating Avia, the ongoing evolution of Parkside Village (July 2025)
- CTBUH Skyscraper Center: 60 Absolute World
- CTBUH Skyscraper Center: PSV1
- CTBUH Skyscraper Center: One Park Tower
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.