Renting in
Square One.
Mississauga's downtown core — Canada's second-largest mall, condo towers, and transit hub all in one walkable neighbourhood. If you're looking to rent in Square One, Mississauga, this is where urban living meets suburban pricing — a self-contained city within a city that keeps growing upward.
Square One isn't just a mall — it's the beating heart of Mississauga's urban reinvention. Over the last decade, what was once a suburban shopping district has transformed into a dense, vertical downtown anchored by Canada's second-largest shopping centre (2.2 million square feet) and surrounded by an ever-growing forest of condo towers.
The neighbourhood centres on Hurontario Street and Burnhamthorpe Road, radiating outward to include Celebration Square (the civic plaza that hosts festivals, movie nights, and a winter skating rink), the Living Arts Centre, and a rapidly expanding restaurant scene along Confederation Parkway and Burnhamthorpe.
M City towers are reshaping the skyline. The iconic Absolute World towers — the "Marilyn Monroe buildings" — put Square One on the architectural map. MiWay's central transit terminal makes this the hub for bus routes across Mississauga, and the future Hurontario LRT will further cement its role as the city's core. The population is young, extremely diverse, and predominantly renter-occupied.
| Unit Type | Avg. Monthly Rent | Notes |
|---|---|---|
| Studio / Bachelor | $1,550–$1,850 | Compact units in newer condo towers |
| 1 Bedroom | $1,950–$2,450 | Most common unit type at Square One |
| 2 Bedroom | $2,450–$3,050 | Strong demand from young families |
| 3 Bedroom | $3,000–$3,600 | Limited inventory — moves fast |
Source: TRREB Rental Market Report Q1 2026 (Mississauga, leased apartments). Ranges reflect Square One-area variation by unit type, age, condition, and inclusions. Average rents across the GTA softened in 2025 — renters have real negotiating power heading into 2026.
What Your Dollar Gets You
Square One is Mississauga's densest rental market, which means inventory is abundant and competition among landlords is real. A $2,200 budget gets you a well-appointed one-bedroom condo with floor-to-ceiling windows, gym access, and often a parking spot — a combination that would cost $2,600+ in downtown Toronto.
The vast majority of rentals are investor-owned condo units in high-rise towers. Purpose-built rentals are growing but still a minority. Expect modern finishes, open-concept layouts, and building amenities including pools, gyms, party rooms, and concierge.
Most units include one parking spot and one locker. Hydro is typically extra. Building maintenance fees are covered by the landlord (rolled into rent).
Transit & Roads
Square One is Mississauga's central transit hub. MiWay's City Centre Transit Terminal is located directly adjacent to the mall, connecting nearly every bus route in the city. From here you can reach virtually anywhere in Mississauga without a transfer.
The most direct route to downtown Toronto is the GO Bus from City Centre Terminal to Union Station — roughly 40 minutes outside of rush hour. The future Hurontario LRT (Hazel McCallion Line) will run directly through the neighbourhood, connecting south to Port Credit GO Station (Lakeshore West GO Train line) and north to Brampton.
By car, Highway 403 is minutes south, connecting to the QEW and the 401. Pearson Airport is just 15 minutes away. The neighbourhood's grid of major roads — Hurontario, Burnhamthorpe, Confederation Parkway — keeps local driving straightforward. Unlike much of Mississauga, you can genuinely live here without a car if your life orbits the City Centre area.
What This Means for Renters
Square One's income profile reflects its diverse, renter-heavy population — median household income sits around $78,000, close to the Mississauga average. This is a neighbourhood of working professionals, newcomers building their Canadian careers, and students — not a wealthy enclave or an entry-level stepping stone.
For renters, this income mix means landlords are accustomed to a wide range of applicant profiles. A strong rental application with employment verification and references matters, but you won't face the same gatekeeping as in wealthier owner-occupied neighbourhoods. The abundant condo inventory means competition is moderate — you have options and negotiating room, especially on units that have sat vacant for a few weeks.
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Square One is one of the best places to rent in Mississauga — especially if you want walkability, transit access, and condo-style living without Toronto prices. The neighbourhood has seen an explosion of condo towers in the last decade, creating abundant rental inventory. You get modern finishes, building amenities like gyms and pools, and a self-contained urban core with Canada's second-largest mall at your doorstep. The trade-off is that most units are compact condos rather than spacious townhouses or detached homes — if you need raw square footage, look at surrounding areas like Erin Mills or Cooksville.
Condo living at Square One means modern high-rise towers with full amenity packages — gyms, pools, party rooms, concierge, and rooftop terraces are standard. Buildings like M City, Erin Square, and the iconic Absolute World towers (the "Marilyn Monroe buildings") define the skyline. Units tend to be compact but well-designed, with floor-to-ceiling windows and open-concept layouts. Most buildings include one parking spot and one locker. Building maintenance fees are typically covered by the landlord and reflected in the monthly rent. The lifestyle is convenient — you can walk to groceries, restaurants, transit, and entertainment without leaving the City Centre area.
Square One is Mississauga's central transit hub. MiWay's City Centre Transit Terminal connects nearly every bus route in the city, making it the easiest place in Mississauga to live without a car. The best route to downtown Toronto is the GO Bus from City Centre to Union Station — about 40 minutes outside of rush hour. The future Hurontario LRT (Hazel McCallion Line) will run directly through the neighbourhood, connecting south to Port Credit GO Station (Lakeshore West GO Train into Union Station) and north to Brampton. The neighbourhood scores a Transit Score of approximately 72 — strong for Mississauga and improving. Read our full Ontario Rent Control Guide →
By Mississauga standards, Square One is very walkable with a Walk Score of approximately 80. You can walk to Square One Shopping Centre, Celebration Square, restaurants along Burnhamthorpe and Confederation Parkway, the YMCA, Living Arts Centre, and most daily needs without a car. That said, the neighbourhood was originally designed around the mall and major arterial roads, so some stretches still feel more suburban than urban — wide intersections, surface parking lots, and fast-moving traffic on Hurontario. It's a work in progress. New developments are steadily improving the pedestrian experience with ground-floor retail and better streetscaping.
The Hurontario LRT (Hazel McCallion Line) is a game-changer for Square One renters. The 18-kilometre light rail line will run from Port Credit GO Station through Square One and up to Brampton, with multiple stops in the City Centre area. It will significantly improve transit connectivity — especially the link to Port Credit GO, which connects to the Lakeshore West GO Train line into Union Station. For renters, expect property values and rents to firm up near LRT stops once the line opens. If you're renting now, you may benefit from pre-LRT pricing. Long-term, the LRT will make Square One an even more attractive car-optional neighbourhood.
Square One is one of the most newcomer-friendly neighbourhoods in the GTA. Approximately 45% of residents are first-generation immigrants, with large South Asian and East Asian communities well-established in the area. You'll find ethnic grocery stores, restaurants serving food from dozens of countries, places of worship for diverse faiths, and settlement services designed to help newcomers integrate. The abundant condo rental inventory means you won't struggle to find a unit, and landlords in the area are experienced working with newcomers who may not have Canadian credit history or references. Proximity to Sheridan College and UTM makes it especially popular with international students and new permanent residents.