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L5L Houses for Lease Under 500 Thousand

Showing results 1 - 30 of 230

Square Yards has made it extremely easy to find luxurious and spacious houses for rent in l5l under $500k in Ontario. From condos to large bungalows, here is a wide selection of property options that can be easily filtered by their bedroom size, number of beds and bathrooms, location, and property age. Each listing includes details about the various amenities of the rental unit, including a gym, swimming pool or garden decks and the type of property, such as condos, townhouses, duplexes and much more. Easily find l5l houses for rent under $500k in a completely stress-free manner.


Last Updated: May 08, 2025
  • New Listings
  • Price(Lo-Hi)
  • Price(Hi-Lo)
  • Bedrooms(Hi-Lo)
  • Bathrooms(Hi-Lo)
  • Square Feet(Lo-Hi)
  • Square Feet(Hi-Lo)
17 Photos
Last Updated : 17 Hours ago
3409 Ridgeway Drive, Peel, ON , MLS #W12132299 , Image - 1
Unit-14, 3409 Ridgeway Drive Erin Mills, Mississauga, Peel, ON MLS® W12132299

Residential Condo & Other (Condo Townhouse)

$2,800
  • 2 Beds
  • 3 Baths
  • 1000-1199 sq-ft
Welcome to luxurious living in Erin Mills, Mississauga! Stunning 2 Bedrooms & 2.5 Bathrooms luxury stacked Townhouse W/Underground Parking Offers Brig
31 Photos
Last Updated : 19 Hours ago
3501 Glen Erin Drive, Peel, ON , MLS #W12132116 , Image - 1
Unit-1105, 3501 Glen Erin Drive Erin Mills, Mississauga, Peel, ON MLS® W12132116

Residential Condo & Other (Condo Apartment)

$2,600
  • 2 Beds
  • 1 Baths
  • 800-899 sq-ft
Soodland Place Welcomes you Home to your tastefully Renovated & Updated 2 Bdrm; 1 Bath unit ideally located in Erin Mills. Unit includes the followin
50 Photos
Last Updated : 1 Day ago
2205 South Millway N/A, Peel, ON , MLS #W12130444 , Image - 1
Unit-7, 2205 South Millway N/A Erin Mills, Mississauga, Peel, ON MLS® W12130444

Residential Condo & Other (Condo Townhouse)

$3,950
  • 3 Beds
  • 3 Baths
  • 1800-1999 sq-ft
Discover Comfort And Convenience In This Beautifully Maintained Daniels 2-Storey Townhome, ~Available For A 1-Year Lease! Featuring ~3 Bedrooms (Inclu
8 Photos
Last Updated : 1 Day ago
3546 Colonial Drive, Peel, ON , MLS #W12129902 , Image - 1
Unit-14, 3546 Colonial Drive Erin Mills, Mississauga, Peel, ON MLS® W12129902

Residential Condo & Other (Condo Townhouse)

$2,700
  • 2 Beds
  • 3 Baths
  • 900-999 sq-ft
Stunning 2 Bedrooms & 3 Washrooms Stacked Townhouse Located At One Of Most Sought After Area At Mississauga - Erin Mills. Offers Bright, Spacious with
8 Photos
Last Updated : 1 Day ago
3394 Mississauga Road, Peel, ON , MLS #W12129278 , Image - 1
3394 Mississauga Road Erin Mills, Mississauga, Peel, ON MLS® W12129278

Residential Freehold (Detached)

$7,950
  • 4 +1 Beds
  • 7 Baths
  • 3500-5000 sq-ft
Stunning custom-built home available for rent in the prestigious Mississauga Road area. Boasting 4,135 Sq Ft of elegant living space, this home showca
26 Photos
Last Updated : 1 Day ago
4175 Trellis Crescent, Peel, ON , MLS #W12129137 , Image - 1
Unit-Bsmt, 4175 Trellis Crescent Erin Mills, Mississauga, Peel, ON MLS® W12129137

Residential Freehold (Detached)

$2,050
  • 1 Beds
  • 1 Baths
  • < 700 sq-ft
Beautiful Renovated One Bedroom Basement In The Best Location Of Mississauga. Fully Furnished. Erin Mills and Folkway. Close To Highway 403 and QEW.
13 Photos
Last Updated : 1 Day ago
3540 Colonial Drive, Peel, ON , MLS #W12033688 , Image - 1
Unit-17, 3540 Colonial Drive Erin Mills, Mississauga, Peel, ON MLS® W12033688

Residential Condo & Other (Condo Apartment)

$2,700
price drop iconReduced by 6.9%
  • 2 Beds
  • 3 Baths
  • 900-999 sq-ft
Brand New two story, two bedroom townhouse in a great neighborhood. The large, bright and spacious living room and kitchen looks out to a generous ter
1 Photos
Last Updated : 2 Days ago
3505 Laird Road, Peel, ON
Unit-19, 3505 Laird Road Western Business Park, Mississauga, Peel, ON MLS® W12127292

Commercial (Industrial)

Price On Request
Prime industrial unit located in the prestigious Western Business Park. Truck level and drive-in shipping with generous shipping court that can accomm
1 Photos
Last Updated : 2 Days ago
4090 Ridgeway Drive, Peel, ON
Unit-16-17, 4090 Ridgeway Drive Western Business Park, Mississauga, Peel, ON MLS® W8275608

Commercial (Industrial)

Price On Request
Unit located in the prestigious Western Business Park. In close proximity to Highways 403/407/Q.E.W. Excellent parking. Professionally owned & managed
1 Photos
Last Updated : 2 Days ago
4090 Ridgeway Drive, Peel, ON
Unit-10, 4090 Ridgeway Drive Western Business Park, Mississauga, Peel, ON MLS® W8275578

Commercial (Industrial)

Price On Request
Unit located in the prestigious Western Business Park. In close proximity to Highways 403/407/Q.E.W. Excellent parking. Professionally owned & managed
1 Photos
Last Updated : 2 Days ago
3615 Laird Road, Peel, ON
Unit-13, 3615 Laird Road Western Business Park, Mississauga, Peel, ON MLS® W11823799

Commercial (Industrial)

Price On Request
Prime industrial unit located in the prestigious Western Business Park. Truck level shipping with generous shipping court that can accommodate 53' tr
1 Photos
Last Updated : 2 Days ago
3600A Laird Road, Peel, ON
Unit-6, 3600A Laird Road Western Business Park, Mississauga, Peel, ON MLS® W12113459

Commercial (Industrial)

Price On Request
Prime industrial unit located in the prestigious Western Business Park. Truck level and drive-in shipping with generous shipping court that can accomm
2 Photos
Last Updated : 2 Days ago
3585 Laird Road, Peel, ON , MLS #W8066560 , Image - 1
Unit-14, 3585 Laird Road Western Business Park, Mississauga, Peel, ON MLS® W8066560

Commercial (Industrial)

Price On Request
Unit located in the prestigious Western Business Park. High office component. Truck level shipping with generous shipping court that can accommodate 5
26 Photos
Last Updated : 2 Days ago
2155 Burnhamthorpe Road W, Peel, ON , MLS #40709293 , Image - 1
Unit-701, 2155 Burnhamthorpe Road W Erin Mills, Mississauga, Peel, ON MLS® 40709293

Residential Lease (Condo/Apartment Unit)

$2,400
price drop iconReduced by 5.9%
  • 1 Beds
  • 1 Baths
  • 793 sq-ft
Spacious And Bright 1-Bedroom Unit, Approximately 793 Sq. Ft. This Beautifully Updated Unit Offers An East-Facing View And Boasts Luxury Engineered Ha
12 Photos
Last Updated : 4 Days ago
2914 Windjammer Road, Peel, ON , MLS #W12122576 , Image - 1
Unit-Ground, 2914 Windjammer Road Erin Mills, Mississauga, Peel, ON MLS® W12122576

Residential Freehold (Semi-Detached )

$2,050
  • 1 Beds
  • 1 Baths
Ground level one bedroom in the heart of Erinmills. New kitchen with modern finishes, fireplace, plenty of natural light, spacious bedrooms, ensuite l
16 Photos
Last Updated : 4 Days ago
2914 Windjammer Road, Peel, ON , MLS #W12122572 , Image - 1
Unit-Upper Level, 2914 Windjammer Road Erin Mills, Mississauga, Peel, ON MLS® W12122572

Residential Freehold (Semi-Detached )

$2,750
  • 3 Beds
  • 1 Baths
  • 1500-2000 sq-ft
Tenants dream come true in the heart of Erin Mills. Friendly area, good schools, near UTM, QEW, shopping, transit. Bright and spacious 3 bedrooms, lar
38 Photos
Last Updated : 4 Days ago
3550 Colonial Drive, Peel, ON , MLS #W12122339 , Image - 1
Unit-20, 3550 Colonial Drive Erin Mills, Mississauga, Peel, ON MLS® W12122339

Residential Condo & Other (Condo Townhouse)

$2,799
  • 2 Beds
  • 3 Baths
  • 1200-1399 sq-ft
Wow. 1 Year Old 2- Bedroom , 3-Bathroom Stacked Townhouse for Lease in Heart of Mississauga . Located in the Highly Sought-After Erin Mills Area. Thi
8 Photos
Last Updated : 5 Days ago
2155 Burnhamthorpe Road, Peel, ON , MLS #W12095203 , Image - 1
Unit-407, 2155 Burnhamthorpe Road Erin Mills, Mississauga, Peel, ON MLS® W12095203

Residential Condo & Other (Condo Apartment)

$3,000
  • 2 Beds
  • 2 Baths
  • 1000-1199 sq-ft
Common Element, All Amenities , 2Min From Hwy 403,Minutes To U.T.M. South Common Mall, Transportation. Clarkson Go. Trails Nearby. International Stude
10 Photos
Last Updated : 5 Days ago
389 Front Street, Elgin, ON , MLS #X12109128 , Image - 1
389 Front Street Port Stanley, Central Elgin, Elgin, ON MLS® X12109128

Residential Freehold (Detached)

$3,100
  • 2 Beds
  • 1 Baths
Immediately Available. Furnished Outstanding Panoramic Lake Views from this house! This open-concept 2 bedroom, 1 bath, Bungalow with an attached 1.5
31 Photos
Last Updated : 5 Days ago
3405 Ridgeway Drive N, Peel, ON , MLS #W12120764 , Image - 1
Unit-26, 3405 Ridgeway Drive N Erin Mills, Mississauga, Peel, ON MLS® W12120764

Residential Condo & Other (Common Element Condo)

$2,850
  • 2 Beds
  • 3 Baths
  • 900-999 sq-ft
Stylish & Spacious 2-Bedroom, 3-Bathroom Stacked Condo in Desirable Erin Mills! Welcome to contemporary living in one of Mississaugas most sought-afte
1 Photos
Last Updated : 6 Days ago
1800 The Collegeway N/A, Peel, ON
1800 The Collegeway N/A
Unit-1005, 1800 The Collegeway N/A Erin Mills, Mississauga, Peel, ON MLS® W11978535

Residential Condo & Other (Condo Apartment)

$3,000
price drop iconReduced by 14.3%
  • 2 Beds
  • 2 Baths
  • 1200-1399 sq-ft
Absolutely Beautiful and Immaculate. Luxury 2-bedroom Executive Suites In Prestigious Granite Gates, Where Units Are Rarely Offered For Lease. Stunnin
16 Photos
Last Updated : 6 Days ago
4137 Sunflower Drive, Peel, ON , MLS #W12118429 , Image - 1
4137 Sunflower Drive Erin Mills, Mississauga, Peel, ON MLS® W12118429

Residential Freehold (Semi-Detached )

$2,000
  • 1 Beds
  • 1 Baths
Spacious 1-bedroom suite available in the lower half of a well-maintained back split home inErin Mills. This self-contained unit features a private en
11 Photos
Last Updated : 6 Days ago
3556 Colonial Drive, Peel, ON , MLS #W12117667 , Image - 1
Unit-14, 3556 Colonial Drive Erin Mills, Mississauga, Peel, ON MLS® W12117667

Residential Condo & Other (Condo Townhouse)

$2,750
  • 2 Beds
  • 3 Baths
  • 900-999 sq-ft
Stunning 2 Bdrm And 2.5 Bath Condo Townhouse In Great Erin Mills Location, Spacious Layout W/Open Concept Living, Modern Kitchen With S/S Appliances,
11 Photos
Last Updated : 7 Days ago
2227 South Mill Way, Peel, ON , MLS #W12095153 , Image - 1
Unit-302B, 2227 South Mill Way Erin Mills, Mississauga, Peel, ON MLS® W12095153

Commercial (Office)

$2,501
27 Photos
Last Updated : 7 Days ago
2288 The Collegeway Way, Peel, ON , MLS #W12114967 , Image - 1
Unit-18, 2288 The Collegeway Way Erin Mills, Mississauga, Peel, ON MLS® W12114967

Residential Condo & Other (Condo Townhouse)

$3,250
  • 4 +1 Beds
  • 3 Baths
  • 1200-1399 sq-ft
Discover this incredibly spacious and well-maintained 4-bedroom, 3-bathroom townhouse situated in a highly desirable area of Mississauga. The large, o
12 Photos
Last Updated : 8 Days ago
2155 South Millway N/A, Peel, ON , MLS #W12044728 , Image - 1
Unit-21, 2155 South Millway N/A Erin Mills, Mississauga, Peel, ON MLS® W12044728

Residential Condo & Other (Condo Townhouse)

$4,225
price drop iconReduced by 0.6%
  • 4 +1 Beds
  • 4 Baths
  • 1800-1999 sq-ft
*** Fully furnished unit for Families*** Beautiful townhome boasts an open-concept layout and is located in a quiet, well-maintained complex. Featuri
21 Photos
Last Updated : 8 Days ago
3409 Ridgeway Drive, Peel, ON , MLS #W12110859 , Image - 1
Unit-36, 3409 Ridgeway Drive Erin Mills, Mississauga, Peel, ON MLS® W12110859

Residential Condo & Other (Condo Townhouse)

$3,000
  • 2 Beds
  • 3 Baths
  • 1200-1399 sq-ft
22 Photos
Last Updated : 9 Days ago
3482 Widdicombe Way, Peel, ON , MLS #W12110521 , Image - 1
Unit-13, 3482 Widdicombe Way Erin Mills, Mississauga, Peel, ON MLS® W12110521

Residential Condo & Other (Common Element Condo)

$3,000
  • 2 Beds
  • 3 Baths
  • 900-999 sq-ft
Gorgeous 2 Bedroom, 2.5 Bathroom, 1 Underground Parking, Ground Level Townhouse, In Sought After Neighbourhood Of Erin Mills In Mississauga. Brand New
25 Photos
Last Updated : 9 Days ago
2035 South Millway N/A, Peel, ON , MLS #W12025028 , Image - 1
Unit-19, 2035 South Millway N/A Erin Mills, Mississauga, Peel, ON MLS® W12025028

Residential Condo & Other (Condo Townhouse)

$2,990
  • 3 +1 Beds
  • 2 Baths
  • 1400-1599 sq-ft
Gorgeous 3 Bedroom Condo Townhome Conveniently located in the Heart of Mississauga || Totally updated; just move in and enjoy || Besides having a grea
7 Photos
Last Updated : 9 Days ago
3281 Loyalist Drive, Peel, ON , MLS #W12107375 , Image - 1
3281 Loyalist Drive Erin Mills, Mississauga, Peel, ON MLS® W12107375

Residential Freehold (Detached)

$2,000
  • 1 Beds
  • 1 Baths
All utilities included in this move-in ready renovated 1 bedroom suite! This spacious and bright apartment is equipped with a beautifully upgraded kit
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Rishi Raj Tiwari
Sales Representative / Broker
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