London's condo and apartment-style rental market gives renters a different kind of real estate story: value, simplicity, and a clear size ladder. This market report focuses on apartment-style residential rentals in London and nearby St. Thomas using Casakibo residential lease listing data entered from January 1, 2026 through July 31, 2026, with special attention to the July 2026 rental market.
From January through July, the London-area apartment-style median moved from the mid-$1,400s to the mid-$1,700s. March sat at $1,445, April was $1,523, May reached $1,650, June moved to $1,745, and July closed at $1,748. For renters comparing Ontario real estate markets, this pricing band sits well below Toronto, Ottawa, and Waterloo Region.
London-area condo and apartment rental market by listing entry month:
The London city view shows the same useful pattern. London moved from $1,420 in March to $1,688 in May and $1,745 in July. St. Thomas added nearby apartment-style rental activity, with a January-July median near $1,600. Together, the two-city view gives this rental market report a practical benchmark for renters who are comparing affordability across southwestern Ontario.
Selected city medians for apartment-style rentals:
| Area | Jan-Jul 2026 Listings | Jan-Jul Median Rent |
|---|---|---|
| London | 36 | $1,623 |
| St. Thomas | 13 | $1,600 |
The most useful renter lens is size. Across January-July 2026, one-bedroom apartment-style rentals had a $1,485 median, while two-bedroom rentals had a $1,745 median. That gap makes London readable: the two-bedroom step-up exists, but the market remains more affordable than many larger Ontario condo rental markets.
London-area condo rental market by unit size, January-July 2026:
| Unit Size | Rental Listings | Median Rent |
|---|---|---|
| 1 Bed | 19 | $1,485 |
| 2 Bed | 27 | $1,745 |
July gives the cleanest current read for renters searching now. In July 2026, London one-bedroom apartment-style rentals had a $1,445 median and two-bedroom rentals had a $1,775 median. That July difference of about $330 is the kind of real estate decision point renters can use: pay more for the second bedroom, or stay compact and prioritize neighbourhood, parking, utilities, and building condition.
July 2026 London condo and apartment rental market by size:
| Unit Size | Rental Listings | Median Rent |
|---|---|---|
| 1 Bed | 3 | $1,445 |
| 2 Bed | 5 | $1,775 |
For renters, this London market report is about budget clarity. A renter coming from Toronto, Ottawa, or Waterloo Region may see London as a more accessible apartment market, especially for one-bedroom and two-bedroom units. The tradeoff is not only price; it is commute, employment location, transit, building age, parking, and whether the rental fits daily life.
For landlords and realtors, London apartment-style rentals should be priced with local comparables, not imported expectations from larger Ontario cities. A London condo rental market report should start with unit size, then layer in building condition, parking, utilities, neighbourhood, and recent listing activity. In a value-oriented market, a well-priced unit can stand out quickly.
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The Casakibo Data Labs prepare rental-market research using structured listing data, city-level comparisons, and property-type market checks. This report was prepared by the Casakibo Data Labs using thousands of active residential lease listings from participating Canadian real estate boards and CREA member feeds. For data questions, market research, or partnership inquiries, contact Casakibo.