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
Nearby rentals
Renter hub
Property management
Apartments for rent OttawaApartments for rent CentretownApartments for rent GatineauApartments for rent Sandy HillApartments for rent Hull/Quartier de I'Oree-du-ParcApartments for rent VanierApartments for rent Centretown WestApartments for rent WestboroApartments for rent Downtown OttawaApartments for rent Lower TownApartments for rent HintonburgApartments for rent Civic HospitalApartments for rent The GlebeApartments for rent Old Ottawa EastApartments for rent Blackburn HamletApartments Near Me
Houses for rent OttawaHouses for rent Sandy HillHouses for rent Lower TownHouses for rent BarrhavenHouses for rent The GlebeHouses for rent Old Ottawa EastHouses for rent FallingbrookHouses for rent CentretownHouses for rent GatineauHouses for rent CyrvilleHouses for rent Byward MarketHouses for rent Downtown OttawaHouses for rent WestboroHouses for rent CarlingtonHouses for rent RiverviewHouses for rent near me
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?
Advertisement
About 542 Bay Street #3
Sweet deal!
This listing is 19% 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 May 1st or for immediate occupancy.
Lease Terms
1 yearAddress details
| Neighborhood | Centretown |
|---|---|
| Post code | K1R 6B7 |
| Type | Apartment for rent |
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Centretown
2-bedroom apartments at 542 Bay Street #3 cost about 19% less than the average rent price for 2-bedroom apartments in Ottawa.
Median rents as of Apr 18 2026.
Centretown
Ottawa
| Month | Median Rent |
|---|---|
| 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 | $2,441 |
| April 2026 | $2,430 |
| Month | Median Rent |
|---|---|
| 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 | $2,683 |
| April 2026 | $2,729 |
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.| 4 months ago | $2,250 |
| 4 years ago | $2,400 |
Advertisement
Internet available near 542 Bay Street #3
Neighborhood
Centretown | Ottawa, ON
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
Explore the area around 542 Bay Street #3
Food Arya
508A Gladstone Ave
Domestic Foods
595 Gladstone Ave
Seed to Sausage General
729 Gladstone Ave
Randall's
555 Bank St
Thana Market
386 Bank St
Earlene's House of Fashion
113 James St
Ragtime Vintage Clothing
43 Flora St
Wicked Wanda's Adult Emporiun
327 Bank St
Escape
703 Bank St
Shine Dry Cleaners
397 Somerset St W
Arlington Five
5 Arlington Ave
Tim Hortons
450 Bank St
Tim Hortons
655 Bronson Ave
Starbucks
455 Bank St
Tim Hortons
525 Somerset St W
Clock Tower Brew Pub
575 Bank St
Caff Italiano
777 Gladstone Ave
Royal Oak
318 Bank St
Eddys Dinner
777 Bank St
107 Fourth Avenue Wine Bar
107 Fourth Ave
Red Apron
564 Gladstone Ave
True Loaf Bread Company
573 Gladstone Ave
Three Tarts
464 Bank St
Thimble Cakes
369 Bank St
Herb & Spice Shop
375 Bank St
Arlington Park
Chamberlain Park
Chamberlain Park
Glebe Memorial Park
McNabb Park
The Curry Palace
569 Gladstone Ave
Gladstone Golden Grill
523 Gladstone Ave
Ottawa Kabab
577 Gladstone Ave
Papa Joe's Pizza
527 Bronson Ave
Jak's Kitchen
479 Bronson Ave
CATHERINE / BAY
GLADSTONE / BAY
,
GLADSTONE / BAY
,
GLADSTONE / LYON
,
GLADSTONE / PERCY
,
CARLING
BAYVIEW
CARLETON S.
CARLETON N.
CONFEDERATION
ALBERT / EMPRESS N
, , ,
LYON A
, , , , ,
PIMISI D
, , ,
LYON O-TRAIN EAST / EST
SLATER/O'CONNOR
PLATEAU, PLATEAU/DES TREMBLES, CÉGEP GABRIELLE-ROY, CÉGEP G-ROY/ST-JOSEPH, FREEMAN, OTTAWA, OTTAWA, FOURNIER/GRÉBER, CÔTE-DES-NEIGES, STATION LA CITÉ, CGP G-ROY/MUTCHMORE, RAPIBUS 400
Compare similar properties nearby
360 Laurier
Our team has verified this companyDowntown Ottawa • 360 Laurier Ave W
1–2 Beds
$1,999–$2,999
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
Horizon by Brigil
Our team has verified this companyLe Plateau • 12 Rue De L'Horizon
1–2 Beds
$1,490–$2,615
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
324 Cambridge Street N
Our team has verified this companyCentretown West • 324 Cambridge St N
1–2 Beds
$1,328–$2,314
- dogs and cats ok
- in-unit laundry
- dishwasher
Champlain Urban Village
Our team has verified this companyHull/Quartier de I'Oree-du-Parc • 20 Rue De La Bonne-Renommée
1–2 Beds
$1,820–$2,415
- dogs and cats ok
- in-unit laundry
- dishwasher
360 Laurier
Our team has verified this companyDowntown Ottawa • 360 Laurier Ave W
1–2 Beds
$1,999–$2,999
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
Horizon by Brigil
Our team has verified this companyLe Plateau • 12 Rue De L'Horizon
1–2 Beds
$1,490–$2,615
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
- dogs and cats ok
- in-unit laundry
- dishwasher
324 Cambridge Street N
Our team has verified this companyCentretown West • 324 Cambridge St N
1–2 Beds
$1,328–$2,314
- dogs and cats ok
- in-unit laundry
- dishwasher
Champlain Urban Village
Our team has verified this companyHull/Quartier de I'Oree-du-Parc • 20 Rue De La Bonne-Renommée
1–2 Beds
$1,820–$2,415
- dogs and cats ok
- in-unit laundry
- dishwasher
Check availability
Studio apartment rentals in Ottawa151 listings
151 listings
2 Bedroom house rentals in Ottawa23 listings
23 listings
3 Bedroom house rentals in Ottawa52 listings
52 listings
Advertisement