Houses for Rent in Ottawa, ON

As of December 2024, Ottawa's rental market continues to experience high demand and limited supply, resulting in competitive conditions. The median rent for all property types has risen slightly to $2,400. Studio apartments average around $1,453 per month, while one-bedroom units are priced at approximately $1,755. Two-bedroom units are rented for $2,186, and three-bedroom units average $2,437. The vacancy rate has decreased to 1.6% from 2.4% the previous year, reflecting a tighter market despite an increase in new listings.

Demand for rental properties remains strong, driven by population growth and economic stability, while the supply of new rental units is lagging. In Q3 2024, only 813 rental units commenced construction, marking an 18% year-over-year decline. Downtown Ottawa remains one of the most expensive areas, with one-bedroom apartments averaging $2,116 and two-bedroom units at $2,761. However, East Central and Downtown East neighbourhoods offer more affordable options, with average rents of $1,886 and $1,919, respectively.

Average Rental Price by Property Size in Ottawa

Ottawa’s rental market offers a variety of options to suit different lifestyles and budgets. From small studios to large three-bedroom homes, there is something for everyone. The table below shows the average sizes and rental price ranges for different types of properties. This information can help you choose the right rental that fits your needs and budget:

Top Neighbourhoods with Best Rentals in Ottawa

Ottawa offers a diverse range of neighbourhoods that cater to various rental preferences. Whether you're looking for vibrant urban living, family-friendly environments, or affordable suburban options, these neighbourhoods stand out for their unique offerings:

• Downtown Ottawa

Downtown Ottawa is the central area of Ottawa, Ontario, Canada. Sometimes referred to as the Central Business District, it contains Ottawa's financial district. As of December 2024, the average rent in Downtown Ottawa was approximately $1,919 per month, and the average apartment size was 561 square feet. This area remains highly sought after due to its proximity to employment hubs, cultural attractions, and vibrant nightlife.

•  Westboro

Westboro is a lively neighbourhood in Ottawa, Ontario, known for its lively street scene, outdoor and sports stores, and proximity to cycling trails and the Ottawa River.  Westboro is known for its trendy boutiques and dining options. The average rent here is around $2,008 per month, with apartments averaging 588 square feet. The neighbourhood's appeal to young professionals and families contributes to its competitive rental market.

•  Centretown

Centretown is a neighbourhood in central Ottawa, Ontario, Canada. It is defined by the city as the area bounded on the north by Gloucester Street and Lisgar Street, on the east by the Rideau Canal, on the south by the Queensway freeway, and on the west by Bronson Avenue. Centretown offers a balance between urban living and residential comfort. The average rent is approximately $1,755 per month, with an average apartment size of 597 square feet. Its central location and access to amenities make it popular among renters. 

•  Sandy Hill

Sandy Hill is a neighbourhood in Ottawa, Ontario, located just east of downtown. It is bordered by the Rideau Canal to the west and the Rideau River to the east. Adjacent to the University of Ottawa, Sandy Hill is a preferred choice for students and academics. The neighbourhood offers a range of rental options, with prices varying based on proximity to the campus and amenities. The influx of students each academic year keeps the rental demand steady.

•  The Glebe

The Glebe is a historic neighbourhood in Ottawa, renowned for its lively annual events like the Great Glebe Garage Sale and cultural landmarks such as Lansdowne Park. As of early 2024, the average rent for an apartment in Ottawa is approximately $2,070 per month, with The Glebe often commanding higher prices due to its desirability. The area's boutique shops, restaurants, and proximity to Lansdowne Park contribute to its appeal. 

•  Barrhaven

Barrhaven is a rapidly growing suburb in Ottawa, Ontario, located approximately 17 km southwest of the city's downtown core. It offers more affordable rental options than central Ottawa. The average rent for a three-bedroom townhome is around $2,575, and due to high demand, properties are typically rented in under two weeks. 

•  Kanata

Kanata is a suburb and former city in Ottawa, Ontario, Canada, located about 22 km west of the city's downtown core. It is known for its family-friendly environment and proximity to tech hubs. The average rent for a three—to four-bedroom townhome is approximately $2,565, with detached homes averaging $3,267. The area's amenities and employment opportunities make it attractive to renters.

Rental Price Trends By Property Type in Ottawa

Understanding the rental price trends by property type in Ottawa is essential for both renters and property owners. The table below details the average rental prices for various property types as of December 2024.

Rental Avg Price History in Ottawa

Square Yards makes it easy for renters in Ottawa to stay informed about rental price trends. Our platform offers detailed insights into the pricing history of individual properties, empowering renters to make smart decisions. With a diverse range of options available, you can track price changes and find rentals that perfectly match your budget and preferences. Whether you're looking for affordable housing or luxury rentals, Square Yards ensures a transparent and seamless search experience.

Best Areas / Communities for Rental Properties in Ottawa

Best areas/communities for rental properties in Ottawa are listed below:

• The Glebe
• Sandy Hill
• Centretown
• Little Italy
• Nepean
• New Edinburgh
• Wellington West
• Westboro
• Kanata

Pet -Friendly Rental Homes Options in Ottawa

The city of Ottawa was designed to be particularly pet-friendly. Every neighbourhood has access to parks and recreational places. Look through Ottawa's pet-friendly apartments to locate the perfect one for your requirements. Always enquire about the landlord's pet policies to avoid unpleasant surprises later.

Rental Demographics

Ottawa's rental market reflects a diverse demographic driven by its universities, tech sector, and growing population. Over 140,000 students from institutions like Carleton University and the University of Ottawa fuel demand for affordable rentals near campuses, especially in Sandy Hill and Centretown. The city’s thriving tech industry, employing around 76,000 professionals, attracts young renters seeking modern, amenity-rich apartments in neighbourhoods like Westboro and Hintonburg.

Families are another significant demographic, with over 12,500 settling in Ottawa in the past five years. They typically prefer suburban areas like Barrhaven and Kanata, which are drawn by community amenities and proximity to schools. Population growth, nearly 3.0% annually, is bolstered by international immigration and domestic migration, keeping rental demand robust. Ottawa’s blend of job opportunities and relative affordability compared to larger cities like Toronto continues to make it a desirable location for renters across all age groups and income levels.