Renting in Peel Region (Mississauga and Brampton): average rent, where to look and how to get approved (2026)
Real leased rents by city, what each type of rental costs, and how tenants and landlords should play this market.
By Inderpal Sidhu · Updated November 2026 · 5 min read
Quick answer
What is the average rent in Mississauga and Brampton?
In Q2 2026 a one-bedroom condo leased for about $2,189 in Mississauga and $2,052 in Brampton; two-bedrooms averaged $2,713 and $2,408 (TRREB). Brampton also has the GTA’s largest supply of basement apartments.
Updated November 2026 · Inderpal Sidhu, Salesperson, HomeLife Silvercity Realty Inc., Brokerage
Looking for a rental in Peel Region (Mississauga and Brampton), or renting one out? Here are the real leased rents from TRREB, not asking prices, plus what is changing this winter.
Average rent by city (TRREB, Q2 2026)
| Area | 1-bed condo | 2-bed condo | 3-bed condo townhouse |
|---|---|---|---|
| Mississauga | $2,189 | $2,713 | $3,372 |
| Brampton | $2,052 | $2,408 | $2,737 |
| Peel Region average | $2,177 | $2,686 | $3,242 |
Leased condo apartment and condo townhouse rents reported through TRREB's MLS® System in Q2 2026 (2,050 condo apartment leases in Peel Region). Small samples can swing quarter to quarter. Basement apartments usually rent for less, and detached houses for more.
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Renting or renting out in Peel Region?
Tenants get matching rentals and help with the application. Landlords get a rent estimate based on recent leases nearby.
What to know
- Brampton is one of the most affordable places to rent in the GTA and has the largest supply of basement apartments, many of them registered.
- Mississauga condo rents sit just under York Region, with most supply around Square One and along the Hazel McCallion LRT.
- Brampton keeps a public registry of registered second units. Use it before you rent a basement.
- For 2027, most rent increases are capped at 1.9%. Units first occupied after November 15, 2018 are exempt from the cap.
Rent or buy in Peel Region?
The average home in Peel Region sold for $898,431 in October 2026 (TRREB). If you are paying close to $3,000 a month, compare that with a mortgage payment on a condo or townhouse here: rent vs buy, the real math. Thinking of buying in the next year or two? Start a home search.
For landlords in Peel Region
Price to recent leases, not to the highest asking rent on the street, screen properly and use the Ontario standard lease. My landlord guide covers deposits, increases and the Landlord and Tenant Board.
City guides: Mississauga · Brampton · Caledon
Moving here? Mississauga · Brampton · Caledon
More renting guides: GTA rents by city · basement apartments
Want help finding a rental, or a tenant for yours?
Start hereFAQ
What is the average rent in Peel Region?
In Q2 2026 a one-bedroom condo in Peel Region leased for about $2,177 and a two-bedroom for about $2,686 on average (TRREB).
How much is a 3-bedroom townhouse rental in Peel Region?
Three-bedroom condo townhouses in Peel Region leased for about $3,242 on average in Q2 2026 (TRREB). Freehold houses usually cost more.
How much can rent go up in 2027?
1.9% for most units in Ontario, once every 12 months with 90 days' written notice. Units first occupied after November 15, 2018 are exempt from the cap.
Questions? Call, text or WhatsApp me. I answer personally.
Call or text 647-338-6875Sources
TRREB Rental Market Report, Q2 2026
TRREB Market Watch, October 2026
Ontario: residential rent increases (2027 guideline)
Ontario: guide to the standard lease
General information only, not legal, tax, mortgage or financial advice. Rules and rates change; confirm with a real estate lawyer, mortgage professional and the CRA before you act. Inderpal Sidhu, Salesperson, HomeLife Silvercity Realty Inc., Brokerage.