18 Hours Ago
Highlights
New Construction
Pet Friendly
Location
199 Rideau St, Ottawa, ON K1N 0E9, CAN|Byward Market
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Property Overview
MRKT Lofts receives a strong Zumper expert rating of 9.7, showcasing its appeal to renters. It combines competitive pricing, exceptional amenities, and a prime location, all rated 10 out of 10, ensuring a high quality of living. With ample visual representation through 44 photos, the property reflects transparency and is well-equipped to meet the expectations of potential renters.
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.
Things you’ll love
Images Available
Floor plans
| Studio | Studio | 1 bath | 413 sqft | $1,775 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 435 sqft | $1,775 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 412 sqft | $1,775 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,775 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 412 sqft | $1,780 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 413 sqft | $1,780 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,780 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 435 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 412 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 413 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,785 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 435 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 412 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 418 sqft | $1,790 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 471 sqft | $1,885 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 644 sqft | $2,020 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 490 sqft | $2,025 /mo | 1 unit available | ||
| Studio | Studio | 1 bath | 644 sqft | $2,025 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 609 sqft | $2,140 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 609 sqft | $2,150 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 609 sqft | $2,160 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,165 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 609 sqft | $2,170 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,175 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,185 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,195 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 703 sqft | $2,205 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,205 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,210 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 703 sqft | $2,215 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,215 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,220 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 703 sqft | $2,225 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 678 sqft | $2,235 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 703 sqft | $2,235 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,250 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,285 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,290 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 686 sqft | $2,335 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 671 sqft | $2,335 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 628 sqft | $2,375 /mo | 1 unit available | ||
| 1 Bedroom | 1 bed | 1 bath | 716 sqft | $2,375 /mo | 1 unit available |
Let's explore this property.
Amenities for MRKT Lofts
Apartment Amenities
| Air Conditioning | Central Air Conditioning |
| Central Heat | View |
| Vinyl Plank Floors | Window Coverings |
Appliances
| Dishwasher | Fridge |
| In-Unit Laundry | Individual Thermostats |
| Stove | Washer and Dryer |
Tech
| Internet Ready |
Building
| Cats OK | Dogs OK |
| Elevator | Garage with Bike Rack |
| Indoor Parking | No Smoking Allowed |
| Onsite Laundry | Sauna |
| Storage Lockers | Video Surveillance |
| Wheelchair Accessible |
Grounds
| Assigned Parking | Exercise Room |
| Garage Parking | Storage |
| Swimming Pool |
Services
| Live in Superintendent |
Neighborhood
| Convenience Store | Grocery 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
Dog policy
| Allowed | Â |
|---|
Cat policy
| Allowed | Â |
|---|
Contact for more information on pet policy.
Parking
| Garage Lot | $275 |
|---|
Building details
Property details
| Year built | 2024 |
|---|---|
| Lease terms | 12 months |
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About MRKT Lofts
Managed by Summit PM
Located in the vibrant ByWard Market, MRKT Lofts offers a unique blend of modern design and historic charm. Situated on Rideau Street, one of Ottawa’s most iconic thoroughfares, this exceptional property places you steps away from the city’s best shopping, dining, and cultural experiences. Home to the Rideau Centre, the University of Ottawa, and landmarks like the Château Laurier and the National War Memorial, Rideau Street is the pulse of downtown living. At MRKT Lofts, you’ll find yourself immersed in the energy of the city while enjoying the comforts of a thoughtfully designed space. Whether you're strolling through the Market, exploring nearby parks, or experiencing Ottawa’s renowned arts and entertainment scene, everything is right at your doorstep. Amenities - Video surveillance - Underground parking - Elevators - Indoor pool - Laundry facilities - Sauna - Convenience store - Wheelchair Access - Exercise room - Public transit - Shopping nearby - Parks nearby - Schools nearby - No Smoking allowed - Garage with bike rack - Indoor parking ($) - Storage lockers ($) - Live-In Superintendent - Groceries nearby
Year Built: 2024
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
ExcellentEarning 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.
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 is a residential and commercial management company operating primarily in Montreal, Quebec.
Rent trends in Byward Market
Studio apartments at MRKT Lofts cost about 2% 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 Sep 13 2025.
Byward Market
Ottawa
| Month | Median Rent |
|---|---|
| September 2023 | $1,625 |
| October 2023 | $1,609 |
| November 2023 | $1,582 |
| December 2023 | $1,589 |
| January 2024 | $1,595 |
| February 2024 | $1,550 |
| March 2024 | $1,546 |
| 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 | $1,625 |
| Month | Median Rent |
|---|---|
| September 2023 | $1,350 |
| October 2023 | $1,422 |
| November 2023 | $1,443 |
| December 2023 | $1,383 |
| February 2024 | $1,449 |
| 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 | $1,780 |
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
$71,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $71,000 annually to afford this studio median monthly rent price of $1,775.
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
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