5+ Days Ago
Location
242 Rideau St, Ottawa, ON K1N 0B7, CAN|Sandy Hill
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Property Overview
242 Rideau Street Unit 403 receives strong recognition with a Zumper expert rating of 8.8 out of 10, highlighting its competitive price and exceptional amenities, both rated 10 out of 10. The property is well-situated, earning a location rating of 9 out of 10, and supports an informed decision with a trustworthiness rating of 8 out of 10, complemented by an abundance of 12 detailed photos. Renters can expect quality living with transparency in its offerings.
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
| 1 Bedroom - 1 Bathroom | 1 bed | 1 bath | $1,949 /mo | 1 unit available |
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Amenities for 242 Rideau Street Unit 403
Apartment Amenities
| Air Conditioning | Balcony |
| Dryer | Heat |
| Hot Water | Storage Locker |
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave | Refrigerator |
| Stove |
Building
| Fitness Center | Gym |
| Lounge | Onsite Laundry |
| Residents Lounge | Sauna |
Grounds
| Storage | Swimming Pool |
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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12 months |
|---|
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About 242 Rideau Street Unit 403
Managed by Dore PM
Ottawa, Downtown. ***MOVE IN ON OR BEFORE FEB 15TH AND RECEIVE FEBRUARY 2026 RENT-FREE! ALSO, SIGN A TWO-YEAR LEASE AND RECEIVE FIXED RENT FOR THE FULL 2-YEAR LEASE TERM!*** This Luxury 1 Bedroom PLUS den, 1 bath Apt Condo is for rent next to the Byward Market (Claridge Plaza, Phase lll). Available Immediately! The unit is just under 700 square feet and is the most popular model in the building! Hardwood floors throughout the unit. The kitchen features stainless steel fridge, stove, dishwasher and microwave, granite tops and a breakfast bar. Kitchen opens to living room and dining room. Primary bedroom is of a good size. In unit laundry! A/C. Balcony. No Parking. Storage locker, heat, and water included! Amenities include a pool, gym, party room, bike storage, 24hr concierge. Short walk to Rideau Centre, Parliament Hill, University of Ottawa and the Transitway. No pets and no smoking, please! **Some photos have been virtually staged**
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, 242 Rideau Street Unit 403 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 242 Rideau Street Unit 403 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
242 Rideau Street Unit 403 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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.
242 Rideau Street Unit 403 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—in-unit laundry—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
242 Rideau Street Unit 403 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A 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.
While 242 Rideau Street Unit 403 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
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 242 Rideau Street Unit 403 compares to other nearby properties.
Positives
- Images Available
- There are at least 10 photos of this address
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Managed by Dore PM
DORE Property Management - real people, helping real people find their next home. Read our reviews & Rent From People Who Care.
Rent trends in Sandy Hill
1-bedroom apartments at 242 Rideau Street Unit 403 cost about 13% more than the average rent price for 1-bedroom apartments in Sandy Hill.
Median rents as of Jan 17 2026.
Sandy Hill
Ottawa
| Month | Median Rent |
|---|---|
| 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 | $1,610 |
| October 2025 | $1,579 |
| November 2025 | $1,562 |
| December 2025 | $1,549 |
| January 2026 | $1,547 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,499 |
| March 2024 | $1,519 |
| April 2024 | $1,545 |
| May 2024 | $1,475 |
| June 2024 | $1,495 |
| July 2024 | $1,559 |
| August 2024 | $1,584 |
| September 2024 | $1,598 |
| October 2024 | $1,545 |
| November 2024 | $1,446 |
| December 2024 | $1,431 |
| January 2025 | $1,497 |
| February 2025 | $1,491 |
| March 2025 | $1,505 |
| April 2025 | $1,503 |
| May 2025 | $1,482 |
| June 2025 | $1,545 |
| July 2025 | $1,584 |
| August 2025 | $1,559 |
| September 2025 | $1,490 |
| October 2025 | $1,449 |
| November 2025 | $1,419 |
| December 2025 | $1,415 |
| January 2026 | $1,452 |
Affordability calculator
Can I afford to live at 242 Rideau St?
Bedrooms
1 bedroomRent-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
$77,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $77,960 annually to afford this 1-bedroom monthly rent price of $1,949.
For more information on rent affordability, visit our rent calculator.
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Internet available near 242 Rideau Street Unit 403
Getting around Ottawa near 242 Rideau St
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
8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 242 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
7/10
Several cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
6/10
Some bars within a few minutes’ walk
Explore the area around 242 Rideau St
Hong Kong Express
242 Rideau St
Loblaws
363 Rideau St
Bottega Nicastro Fine Food SHP
64 George St
Solfarmers
88 Marlborough Ave
Farm Boy
193 Metcalfe St
Browns Cleaners
238 Besserer
Left Foot First Shoe Boutique
405 Dalhousie St
Giant Tiger
98 George St
J E Letellier Ltd
146 Rideau St
Amira Gabriel Fashion Group
112 Nelson St
Tim Hortons
423 Cumberland St
Urban Brew Cafe
130 Besserer St
Second Cup
153 Laurier Ave E
Starbucks
62 York St
Tim Hortons
99 Rideau St
Mavericks
221 Rideau St
Loft Board Game Lounge
14 Waller St
Aulde Dubliner & Pour House
62 William St
The Keg Steakhouse + Bar
75 York St
JOEY Restaurants
50 Rideau St
Sports Supplement Experts
384 Dalhousie St
BeaverTails
69 George St
Farm House
55 By Ward Market Sq
Moulin De Provence
55 By Ward Market Sq
Sandy Hill Pet Food Co-op
304 Wilbrod St
Champagne Bath
Raphael Brunet Park
Routhier Community Centre
Sir Wilfrid Laurier Park
Jules Morin Park
Hong Kong Express
242 Rideau St
Tim Hortons
423 Cumberland St
Mavericks
221 Rideau St
Sushi Village
217 Rideau St
Lorenzo's Pizzeria
94 Montreal Rd
RIDEAU/CUMBERLAND
PARC DE LA MONTAGNE, FREEMAN/G-ROY/OTTAWA, LAC DES FÉES, CÉGEP GABRIELLE-ROY, CÉGEP G-ROY/ST-JOSEPH, FREEMAN, STATION LA CITÉ, CGP G-ROY/MUTCHMORE
RIDEAU / CUMBERLAND
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RIDEAU / KING EDWARD
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RIDEAU / KING EDWARD
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RIDEAU / DALHOUSIE
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BAYVIEW
CARLING
CARLETON S.
CARLETON N.
CONFEDERATION
RIDEAU A
, , , , , , , , , , , , , , , , ,
LAURIER E / CUMBERLAND
, , , ,
LAURIER E / COPERNICUS
, , , ,
RIDEAU O-TRAIN EAST / EST
RIDEAU O-TRAIN WEST / OUEST
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