How much is rent in London?

The average two-bedroom apartment in London rents for about $1,645 a month ($1,371 for a one-bedroom), per CMHC. Whether that's affordable depends on your income — the common guideline is to keep rent under 30% of gross income.

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Cost of living

Cost of living in London

Average rent and household spending in London — and a quick check of whether your rent is reasonable for your income.

Average rent in London

CMHC, apartment structures of three units and over.

Bachelor	$1,066/mo
1 bedroom	$1,371/mo
2 bedroom	$1,645/mo
3 bedroom	$1,872/mo

Is your rent reasonable?

Check your rent in London

Unit size

Your monthly rent

Your gross monthly income

Optional — to check the 30% affordability guideline.

That's about average for London ($1,645).

Household spending in Ontario

Average household, per year (Survey of Household Spending).

Living costs

$81,975

Shelter

$29,312

Total

$117,721

Educational information only — not financial advice. Rents are CMHC averages; actual options vary by neighbourhood and building.

What's next

Rent vs buyWhen buying beats renting.What home can you afford?The max price your income supports.Salary to buy a homeThe income a lender would require.