Zumper

OFFER:

Spring Move-In Special Receive 2 months free on new leases with move-ins on or before April 1st . Offer subject to change and availability. Terms and conditions apply.

modified
5+ Days Ago

Highlights

  • Rent Special
  • New Construction
  • Pet Friendly

Location

199 Rideau St, Ottawa, ON K1N 0E9, CAN|Byward Market
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Contact

pmc-logo

Management

Summit PM

Our team has verified this company

Leasing office

(819) 307-1996

Property Overview

MRKT Lofts is rated 9.7 out of 10 by Zumper, highlighting its appeal as an exceptional rental option. It features a strong balance between price and value with a competitive price rating of 9 out of 10. With impeccable scores in amenities, location, quality, and trustworthiness, this property excels in providing an impressive array of features and a transparent overview, complemented by 44 detailed photos for potential renters to explore.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.7
Excellent
Earning an outstanding 9.7 out of 10 overall rating, MRKT Lofts is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • Images Available

Floor plans

StudioStudio1 bath412 sqft$1,790 /mo1 unit available
StudioStudio1 bath418 sqft$1,790 /mo1 unit available
StudioStudio1 bath418 sqft$1,790 /mo1 unit available
StudioStudio1 bath435 sqft$1,790 /mo1 unit available
StudioStudio1 bath644 sqft$2,020 /mo1 unit available
StudioStudio1 bath644 sqft$2,025 /mo1 unit available
1 Bedroom1 bed1 bath609 sqft$2,160 /mo1 unit available
1 Bedroom1 bed1 bath678 sqft$2,185 /mo1 unit available
1 Bedroom1 bed1 bath678 sqft$2,205 /mo1 unit available
1 Bedroom1 bed1 bath678 sqft$2,215 /mo1 unit available
1 Bedroom1 bed1 bath678 sqft$2,235 /mo1 unit available
1 Bedroom1 bed1 bath628 sqft$2,290 /mo1 unit available
1 Bedroom1 bed1 bath628 sqft$2,375 /mo1 unit available

Let's explore this property.

Amenities for MRKT Lofts

Apartment Amenities

Air ConditioningCentral Air Conditioning
Central Heat

Appliances

DishwasherFridge
In-Unit LaundryIndividual Thermostats
StoveWasher and Dryer

Tech

Internet Ready

Building

Cats OKDogs OK
ElevatorGarage with Bike Rack
Indoor ParkingNo Smoking Allowed
Onsite LaundrySauna
Storage LockersVideo Surveillance

Grounds

Exercise RoomGarage Parking
StorageSwimming Pool

Services

Live in Superintendent

Neighborhood

Convenience StoreGrocery Nearby
Public Transit
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

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Parking Policy

Garage Lot

Garage Lot

Parking Fee

Monthly. 2 garage lots max. Unassigned parking.

$275

Questions about this property’s policies and fees?

Building details

Property details

Year built2024
Lease terms12 months
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About MRKT Lofts

Managed by Summit PM
HomeApartments in OttawaByward Market MRKT Lofts

Located in the vibrant ByWard Market, MRKT Lofts offers a unique blend of modern design and historic charm. Situated on Rideau Street, one of Ottawa’s most iconic thoroughfares, this exceptional property places you steps away from the city’s best shopping, dining, and cultural experiences. Home to the Rideau Centre, the University of Ottawa, and landmarks like the Château Laurier and the National War Memorial, Rideau Street is the pulse of downtown living. At MRKT Lofts, you’ll find yourself immersed in the energy of the city while enjoying the comforts of a thoughtfully designed space. Whether you're strolling through the Market, exploring nearby parks, or experiencing Ottawa’s renowned arts and entertainment scene, everything is right at your doorstep. Amenities - Video surveillance - Elevators - Indoor pool - Laundry facilities - Sauna - Convenience store - Exercise room - Public transit - Shopping nearby - Parks nearby - Schools nearby - No Smoking allowed - Garage with bike rack - Indoor parking ($) - Storage lockers ($) - Live-In Superintendent - Groceries nearby


Year Built: 2024

Go to property website

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.7
/10
Excellent
Earning an outstanding 9.7 out of 10 overall rating, MRKT Lofts is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated MRKT Lofts
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
MRKT Lofts stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
MRKT Lofts stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
MRKT Lofts offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
MRKT Lofts has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at MRKT Lofts.
Trustworthiness·10A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
MRKT Lofts sets a high bar for up-to-date information, transparency, and thoroughness in marketing and communication. It's verified, offers multiple lifestyle photos, and provides detailed information about its features and attributes. The clarity it provides sets it apart from other rentals, making MRKT Lofts a trustworthy choice for potential residents.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How MRKT Lofts compares to other nearby properties.

Positives

Images Available
There are at least 10 photos of this address

Considerations

No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Managed by Summit PM

Summit PM

Summit is a residential and commercial management company operating primarily in Montreal, Quebec.

Rent trends in Byward Market

Studio apartments at MRKT Lofts cost about 5% more than the average rent price for studios in Byward Market.

1-bedroom apartments here are priced 2% higher than 1-bedrooms in Byward Market.

Median rents as of Mar 14 2026.
Byward Market
Ottawa
A table of studio rental data trends in Ottawa
MonthMedian Rent
March 2024$1,543
April 2024$1,545
May 2024$1,544
June 2024$1,549
July 2024$1,590
August 2024$1,670
September 2024$1,702
October 2024$1,683
November 2024$1,668
December 2024$1,655
January 2025$1,652
February 2025$1,654
March 2025$1,623
April 2025$1,597
May 2025$1,589
June 2025$1,599
July 2025$1,607
August 2025$1,616
September 2025$1,610
October 2025$1,579
November 2025$1,562
December 2025$1,549
January 2026$1,573
February 2026$1,599
March 2026$1,595
A table of studio rental data trends in Byward Market
MonthMedian Rent
April 2024$1,391
May 2024$1,576
June 2024$1,401
August 2024$1,825
September 2024$1,825
October 2024$1,797
November 2024$1,770
December 2024$1,768
January 2025$1,765
February 2025$1,765
March 2025$1,765
April 2025$1,767
May 2025$1,774
June 2025$1,780
July 2025$1,780
August 2025$1,782
September 2025$1,783
October 2025$1,785
November 2025$1,786
December 2025$1,785
January 2026$1,786
February 2026$1,785
March 2026$1,785

Affordability calculator

Can I afford to live at 199 Rideau St?

Bedrooms

Rent-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

$71,600/yr

With your selected rent-to-income ratio, you'd ideally want to make $71,600 annually to afford this studio median monthly rent price of $1,790.
For more information on rent affordability, visit our rent calculator.
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Internet available near MRKT Lofts

Getting around Ottawa near 199 Rideau St

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 199 Rideau St, Ottawa

Groceries

10/10
At least one supermarket within a 5-minute walk

Shopping

10/10
Exceptional variety of shops within a few minutes’ walk

Cafes

8/10
Several cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

7/10
At least one high school within a 15-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

9/10
Wide variety of bars within a few minutes' walk

Explore the area around 199 Rideau St

Hong Kong Express
242 Rideau St
Bottega Nicastro Fine Food SHP
64 George St
Farm Boy
50 Rideau St
Loblaws
363 Rideau St
Farm Boy
193 Metcalfe St

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