Renfrew is the fourth-largest town in Canada and is situated one hour from Ottawa in Eastern Ontario. Renfrew real estate for rent is a small market with low demand from prospective tenants. The demand has dipped even further since the final quarter of the last year, slowing down the pace of Renfrew real estate as a whole. However, the listed residential property for rent in Renfrew offers family-friendly housing on a budget. So if you are looking for an affordable place to rent, you should add Renfrew to your list. The property for rent in Renfrew comes with 1, 2, 3, 4, 5 and a few properties with six bedrooms as well. Many of these properties listed on MLS rental Renfrew are entirely or semi-furnished and newly built. To put it in a few words, the properties offer comfortable housing with all modern amenities to make your life easier.
Average Rental Price By Property Size in Renfrew
Canada's entire real estate market is facing a slowdown after the influx of buyers and tourists from late 2019 to mid of 2020. The effect of the same has also been rubbed off on real estate price trends in Renfrew. The rental rate for a 2 BHK fully furnished house is $2,000 on average. Semi-furnished or unfurnished 2 BHK houses can be available at an average price of $1800. The locality also has Villas for Rent. According to Renfrew's rent price, 2 Bedroom fully-furnished villas are available starting at $2,000. Based on Renfrew rental price trends, you can find three and 4-bedroom houses, semi or fully-furnished starting around $2,100 - $2,900. Apart from these, the locality also has rentals for a limited period. Interested tenants can rent properties for a month or quarter for very nominal rates.
Average lease price By Property Type in Renfrew
Taking into consideration all of Renfrew's furnished rentals and Renfrew unfurnished rentals, at present, there are some 6-7 properties for lease on Renfrew rental housing market. Among these, the two-bedroom properties come with a price of around $2,000 for lease. A four-bedroom property has been recently built and is looking for its first occupier, which comes for a lease of $2,700. The available properties for lease include commercial properties, detached houses and villas.
Pet-Friendly Rental Home Options
Although there are pet-friendly listings, an interested tenant can look for listings other than the MLS listings to find a suitable property. Several landlords allow their tenants to have pets. You can talk to them about the same and ensure to get the agreement added to your rental agreement to avoid any hassle in the future.Â
Rental Demographics
Renfrew has a total of 1,725 renter households currently, and the number of renter households identified as non-indigenous counts at 320. The average renter household income of indigenous houses is around $78,431, and their median income is $62,037. Whereas for non-indigenous households, the data arrives at $157,997 as the average renter household income and $142,336 as the median income. An indigenous household spends $414 on rent and other utilities, and the latter pays $1,173 the same.
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