Richmond Hill Apartments for Rent (2026): Average Asking Rents and Tenant Rules

Short answer: as of September 2026, Rentals.ca reports an average asking rent of $2,269 a month in Richmond Hill: about $2,075 for a one-bedroom, $2,336 for a two-bedroom and $2,810 for a three-bedroom. Tenants are protected by Ontario's Standard Lease, deposit limits and the 90-day notice rule for rent increases.

Updated October 31, 2026.

Average asking rents in Richmond Hill

• All rentals: $2,269 per month
• 1 bedroom: $2,075
• 2 bedrooms: $2,336
• 3 bedrooms: $2,810

Source: Rentals.ca Richmond Hill rent data, September 2026. These are averages of asking rents on listings, not final lease prices, and they mix condos, houses and basement units. For a specific unit, compare recent leased listings in the same building or street.

What tenants in Richmond Hill should know

• Lease: most tenancies signed on or after April 30, 2018 must use Ontario's Standard Lease (Ontario's Standard Lease guide).
• Deposits: a rent deposit of at most one month's rent, used only for the last month, plus a refundable key deposit. Damage and pet deposits are not allowed.
• Rent increases: usually once every 12 months, with at least 90 days' written notice (Ontario: residential rent increases).
• Applications: landlords may ask for credit references, rental history and income, but a lack of Canadian credit history must not be treated as bad credit (Ontario Human Rights Commission rental housing policy).

Renting a basement apartment?

Many Richmond Hill rentals are second units in houses. Ask the landlord whether the unit is a legal, registered second unit before you sign.

Looking to rent or lease out a home?

Farshad helps tenants and landlords in Richmond Hill in English and Persian. Call 647-667-5555.

Sources

• Rentals.ca Richmond Hill rent data
• Ontario's Standard Lease guide
• Ontario: residential rent increases
• Ontario Human Rights Commission rental housing policy

General information only, not legal, tax or financial advice. Figures were checked against the sources linked above in October 2026 and can change; confirm your own situation with a lawyer, accountant, lender or the Landlord and Tenant Board before you sign anything.

Farshad Fazaeli, Salesperson, International Realty Firm, Inc., Brokerage, 647-667-5555 · Richmond Hill, ON