Long-Term Rentals in London, Ontario: What You Need to Know
London, Ontario, is a thriving city known for its vibrant neighborhoods, excellent schools, and growing job market. Whether you're relocating for work, school, or simply looking for a change, long-term rentals in London offer a flexible and affordable housing option without the commitment of buying property.
Why Choose a Long-Term Rental?
Long-term rentals—typically leases of 12 months or more—provide stability and comfort for individuals, couples, long term london rentals and families alike. They offer an opportunity to settle into a community, build relationships, and enjoy the amenities of the city without the upfront costs of homeownership.
Types of Long-Term Rentals Available
In London, you’ll find a variety of rental types to suit different lifestyles and budgets:
Apartments and Condos: Ideal for singles or small families, often located near downtown or major transit routes.
Townhouses: Great for families, offering more space and privacy.
Detached Homes: Available in suburban neighborhoods, perfect for those seeking larger living areas and yards.
Basement Units: A budget-friendly option for individuals or students.
Average Rental Prices (2025 Estimates)
1-Bedroom Apartment: $1,300–$1,600/month
2-Bedroom Apartment: $1,600–$2,100/month
3-Bedroom House: $2,200–$2,800/month
Prices vary by location, proximity to schools or transit, and whether utilities are included.
Popular Neighborhoods for Long-Term Rentals
Byron: Quiet, family-friendly with parks and schools
Old North: Historic homes near Western University
Downtown Core: Walkable, close to nightlife and employment
Masonville: Near shopping and schools, ideal for professionals and families
What to Look for
Lease Terms: Understand the duration, renewal options, and any penalties for breaking the lease.
Included Utilities: Ask whether water, heat, hydro, and internet are included in the rent.
Property Condition: Inspect for maintenance issues or safety concerns.
Landlord Reputation: Look up reviews or ask previous tenants.
Final Tips
Start your search early—good units go fast, especially near school semesters.
Use trusted platforms like Realtor.ca, Rentals.ca, or Kijiji London.
Know your rights under Ontario's Residential Tenancies Act.