43 Forest Ave
43 Forest Ave,
Hamilton, ON L8N 1X2
1-3 Beds | $1,660 - $2,819
Rental Market Trends in Hamilton, ON
Updated August 2026
The average rent in Hamilton, ON is $1,595/month.
$1,595/month
Average Rent
605 Sq Ft
Average Size
-1.9%
Change / Year
2,134
Available Apartments
Hamilton rent varies by unit size and layout:
- Studio apartments in Hamilton average $1,334 per month.
- One-bedroom apartments in Hamilton average $1,595 per month.
- Two-bedroom apartments in Hamilton average $1,895 per month.
- Three-bedroom apartments in Hamilton average $2,214 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hamilton, ON?
In the past year, rent has decreased by 1.9%, which averages out to $29 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Hamilton, ON
August 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
2%
$700 - $1,000/month
21%
$1,001 - $1,500/month
64%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighbourhood
What are the most affordable neighbourhoods in Hamilton?
Based on current rent prices, Hamilton Central East B, Hamilton Central A and Hamilton Central B are the most affordable neighbourhoods in Hamilton.
Neighbourhood
Average Rent
Average Sq Ft
What are the most expensive neighbourhoods in Hamilton?
Based on current rent prices, Stoney Creek, Mountain D and Hamilton Downtown C are the most expensive neighbourhoods in Hamilton.
Neighbourhood
Average Rent
Average Sq Ft
Which Hamilton neighbourhoods have the most rentals available?
The neighbourhoods in Hamilton with the most apartments available are Mountain D, Hamilton Downtown A and Hamilton Downtown B .
Neighbourhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hamilton, ON?
Because the average rent in Hamilton is $1,595, you’ll want to make about $5,316 per month or $63,792 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Hamilton, ON compare to other nearby cities and neighbourhoods?
Use the tool below to compare Hamilton, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Hamilton Area GuideStudio
$1,306/month
$1,228/month
One Bedroom
$1,497/month
$1,692/month
Two Bedroom
$1,708/month
$1,778/month
Three Bedroom
$2,663/month
$2,073/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Dundas
Avg Rent: $2,052/month
-
Waterdown
Avg Rent: $1,575/month
-
Burlington
Avg Rent: $2,108/month
-
Stoney Creek
Avg Rent: $1,478/month
-
York
Avg Rent: $1,420/month
-
Oakville
Avg Rent: $2,185/month
-
Milton
Avg Rent: $1,843/month
-
Grimsby
Avg Rent: $1,798/month
Apartment Communities in Hamilton We Think You'll Love
Frequently Asked Questions
What is the average rent in Hamilton?
The average rent in Hamilton is $1,595 per month, which is 9.6% lower than the national average of $1,764.
What is the average rent for a house in Hamilton?
The average rent for a house in Hamilton, ON is $2,582 per month.
What is the average rent for a townhome in Hamilton?
The average rent for a townhome in Hamilton, ON is $2,274 per month.
What is the average rent for a condo in Hamilton?
The average rent for a condo in Hamilton, ON is $1,562 per month.
Are rents going up or down in Hamilton?
Rents in Hamilton, ON are decreasing, with prices down 1.9% year-over-year and $29 less per month.
What rent range is most common in Hamilton?
In Hamilton, ON, 64% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.