5+ Days Ago
Highlights
Pet Friendly
Location
542 Bay Street #3, Ottawa, ON K1R 6B7, CA|Centretown
Tour 542 Bay Street #3
Contact
Proper Property Management
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Amenities for 542 Bay Street #3, Centretown
Apartment Amenities
| Balcony | Central Heat |
Appliances
| Dishwasher | In-Unit Laundry |
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 542 Bay Street #3
Sweet deal!
This listing is 18% below the median price for 2 bedroom apartments in Centretown.
Renovated extensively in 2022! Huge, sunny 2 bedroom + HUGE den, 2 full bathroom apartment at 542 Bay St spread over the second and third floors of a clean, secure heritage building in a quiet neighbourhood. Close to schools, transportation, and a quick jaunt to Carleton University. Unit features fully renovated kitchen with dishwasher, two full bathrooms (one with bathtub, the other with a stand-up shower, fresh paint, new hardwood and laminate floors throughout, and a private balcony. Rent includes heat and water. Tenants pay electricity. Laundry is in-unit. There is only street parking available. Viewings by appointment at 613-890-4790 (TEXT ONLY PLEASE). Available April 1st or for immediate occupancy.
Lease Terms
1 yearAddress details
| Neighborhood | Centretown |
|---|---|
| Post code | K1R 6B7 |
| Type | Apartment for rent |
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Rent trends in Centretown
2-bedroom apartments at 542 Bay Street #3 cost about 18% less than the average rent price for 2-bedroom apartments in Ottawa.
Median rents as of Mar 7 2026.
Centretown
Ottawa
| Month | Median Rent |
|---|---|
| March 2024 | $2,425 |
| April 2024 | $2,448 |
| May 2024 | $2,480 |
| June 2024 | $2,497 |
| July 2024 | $2,491 |
| August 2024 | $2,499 |
| September 2024 | $2,462 |
| October 2024 | $2,432 |
| November 2024 | $2,406 |
| December 2024 | $2,398 |
| January 2025 | $2,406 |
| February 2025 | $2,423 |
| March 2025 | $2,470 |
| April 2025 | $2,499 |
| May 2025 | $2,498 |
| June 2025 | $2,500 |
| July 2025 | $2,499 |
| August 2025 | $2,491 |
| September 2025 | $2,458 |
| October 2025 | $2,440 |
| November 2025 | $2,397 |
| December 2025 | $2,400 |
| January 2026 | $2,399 |
| February 2026 | $2,439 |
| March 2026 | $2,450 |
| Month | Median Rent |
|---|---|
| March 2024 | $2,533 |
| April 2024 | $2,572 |
| May 2024 | $2,549 |
| June 2024 | $2,535 |
| July 2024 | $2,507 |
| August 2024 | $2,537 |
| September 2024 | $2,510 |
| October 2024 | $2,465 |
| November 2024 | $2,409 |
| December 2024 | $2,500 |
| January 2025 | $2,525 |
| February 2025 | $2,497 |
| March 2025 | $2,502 |
| April 2025 | $2,462 |
| May 2025 | $2,500 |
| June 2025 | $2,485 |
| July 2025 | $2,453 |
| August 2025 | $2,512 |
| September 2025 | $2,479 |
| October 2025 | $2,408 |
| November 2025 | $2,383 |
| December 2025 | $2,336 |
| January 2026 | $2,349 |
| February 2026 | $2,649 |
| March 2026 | $2,670 |
Affordability calculator
Can I afford to live at 542 Bay Street #3?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$88,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $88,000 annually to afford this 2-bedrooms monthly rent price of $2,200.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 3 months ago | $2,250 |
| 4 years ago | $2,400 |
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Internet available near 542 Bay Street #3
Neighborhood
Centretown | Ottawa, ON
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Ottawa near 542 Bay Street #3
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 542 Bay Street #3, Ottawa
Groceries
10/10
Several grocery stores nearby
Shopping
7/10
Variety of shops within walking distance
Cafes
7/10
Variety of cafés within walking distance
Restaurants
8/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
5/10
Some bars within walking distance
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