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With Square Yards Canada, you can explore ideal properties in Hamilton. Search for your options 85 rental condo apartment, 9 townhouse condos for rent, 56 rental townhouse, office space for lease, 103 detached and 11 semi-detached houses for rent in Hamilton.
Hamilton is mainly populated by individuals and couples, with families and elders less prevalent. The city is the most diversified in the world, as seen by the proliferation of cultural centre neighbourhoods. The Hamilton housing market is seeing a substantial increase in rental house prices this year, most notably in detached homes and condominiums. Across the province, the narrative is similar. Given its closeness to Toronto and its thriving economy, it is not surprising that Hamilton and its surroundings have followed suit. The Hamilton real estate market for rent in Ontario continues to show signs of growth.
Rent prices in Hamilton climbed by 3.8% on average in apartment-style buildings in the first half of 2022, slower than the 5.4% rise reported in 2021. According to Passarelli, the slow rise is attributed to the fact that 85% of all rental apartments qualify for the provinces' rent freeze. However, rents in the city continue to rise faster than salaries, making it difficult for middle-income renters to find affordable housing. The studio apartment's average annual price trend for rent in Hamilton has increased by 3% in the last month to CAD 1,700. The average rent price for a 1-bedroom apartment has risen by 4% to CAD 2,099, while the rent for a 2-bedroom apartment has risen by 2% to CAD 2,645.
Hamilton has a wide range of eateries, including fine dining and dive bars. The arts and cultural scene are vibrant and renowned, driven by institutions such as the Art Gallery of Hamilton. There are also several excellent theatre groups in the neighbourhood. The Royal Botanical Gardens, another important cultural landmark in Hamilton, is worth visiting. There are many venues to get a drink and watch a game for people who are more into sports. McMaster University, Mohawk College, and Redeemer University College are Hamilton's universities. The Bruce Trail highlights various waterfalls and pathways that outdoor enthusiasts will appreciate. Durand, Ancaster, Bartonville, East End, Kirkendall, Westdale, Corktown, Stoney Creek, Stinson, Gibson, Dundas, and Hamilton Mountain are some of the finest Hamilton neighbourhoods for property rental.
| Neighbourhoods | Average Rental Price (CAD) |
| Durand | 1,698 |
| Ancaster | 1,695 |
| Kirkendall | 1,949 |
| Westdale | 1,450 |
| Corktown | 1,570 |
| Stoney Creek | 949 |
| Gibson | 1,395 |
| Dundas | 1,799 |
| Bartonville | 2,875 |
| East End | 1,849 |
| Stinson | 1,695 |
Moving is stressful, and if you come from a long distance, you may want to rent a furnished rental apartment rather than bring your own. Furnished apartments for rent in Hamilton are often more expensive than unfurnished rentals, but the convenience may be worth the additional money. Inquire with the landlord about the quality of the furniture, then take some time to see for yourself.
Hamilton is 8% more expensive than the national standard. The average rent price history in Hamilton by house size:
| Property Size | Average Rental Price in CAD |
| Studio | CAD 1,000 |
| One-bedroom | CAD 1,550 |
| Two-bedroom | CAD 1,840 |
| Three-bedroom | CAD 2,255 |
Modern high-rise rooms, converted lofts, and refurbished but unique, inspired places in Hamilton cost an average of CAD 18-25 per square foot. In contrast, the average cost of office space on Toronto's Bay Street is CAD 68.91 per square foot, more than four times the cost of Hamilton, which has access to the same markets, labour, and supply chain. Companies in Hamilton may invest in other essential activities such as research and development and talent acquisition with less money spent on real estate. Grants and tax credits are available for innovation, and financial incentives for downtown revitalization and brownfield cleanup are offered.
Many of us can't fathom living without unconditional devotion to our furry or feathered pets. Not all Hamilton rental homes will accept your beloved pet, whether you have a loyal service dog or a rambunctious hamster. Pet-friendly rental apartments in Hamilton that accept all pets are more widespread than ever. You may now effortlessly search through hundreds of pet-friendly rental listings to discover the ideal home for you and your pet roommate. It may be beneficial to know that the average rent for an apartment in Hamilton is CAD 1,737. Looking for something special? Pet-friendly condos with extra-large floor plans are available for as little as CAD 3,553 per month. If you're searching for something more modest, select a maximum price filter to sift through a few pet-friendly homes in Hamilton and get the best bargains, starting at CAD 1,195. You'll likely find an excellent apartment among the available rental homes for you and your pet.
One reason rents have lately risen at a faster pace is that the number of renters in Hamilton rose to 68,545 families during the year 2016. Because young people have the greatest percentage of residing in rental properties of any age group, the substantial rise of Millennials living in Hamilton significantly influences the entire renter population. 87% of young people aged 15-24 rent, and 51% of young adults aged 24-34 rent, compared to a citywide average of 32% for all age groups. Despite having a more significant number of renters than Ontario, the percentage of rentals in housing completion continues to trail below the provincial average, showing that rental needs are still falling short of demand. In 2019, there were 2.1 new households for every new completion in Hamilton, a raw difference of about 1,700 more families that were not accommodated by the housing market and a higher ratio than the provincial average.
There are 45+ houses, townhouses, and mobile homes for rent in Hamilton ranging in price from CAD 1250 to CAD 7999.
It remains a popular location for residents of those areas seeking more inexpensive rental and ownership properties within easy commuting distance of the GTA’s core. In summary, Hamilton is a fantastic city to live in, work in, study in, and raise a family outside of Toronto.
The average rent for a one-bedroom apartment rose by 3% to CAD 1,650, while the rent for a two-bedroom apartment rose by 4% to CAD 2,149.
The cheapest areas for rental properties in Hamilton include Glanbrook, Kirkendall, Durand, and Dundas.
The average rent for two and three-bedroom homes in Hamilton is 2149 or 2599 per month, depending on location.
While there is no defined deposit requirement for real estate in Ontario by law, the customary deposit for a house purchase is 5% of the rental price.
We are happy to assist you when you rent a home in Hamilton, from payment collection assistance, builder buyer agreements, documents, mortgage disbursements, and so forth.
Yes, if you have disposable income, you can find a downtown Hamilton apartment for rent or a Hamilton condo with many facilities.
Renting has no long-term commitment from the renter and is the most incredible alternative if you do not intend to remain in one spot for an extended period of time. It is usually simple to leave a rental residence by providing one month’s notice. Income tax advantage – If you live in a rented home, you may claim a house rent allowance.
