5+ Days Ago
Location
242 Rideau Street, Ottawa, Ontario K1N 0B7, Canada|Sandy Hill
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Property Overview
242 Rideau Street Unit 403 scores an impressive 8.8 out of 10 from Zumper, indicating strong appeal for renters. With perfect ratings of 10 for price and amenities, the property offers exceptional value and a premium living experience. Its high location rating of 9 suggests excellent access to popular destinations, while a trustworthiness rating of 8 reflects a commitment to transparency, supported by a comprehensive visual representation with 12 photos.
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 | $1,995 /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. ***NEW YEAR MOVE-IN SPECIAL: MOVE IN ON OR BEFORE JANUARY 1ST, 2026 AND RECEIVE 50% OFF YOUR FIRST MONTH’S RENT!*** 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!
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.
8.5
/10
Very GoodWith a solid 8.5 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 Amenities— so you can be assured your rent will come with a high standard of living.
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.
242 Rideau Street Unit 403 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.
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
Considerations
- No elevator
- Accessibility options are limited
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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 14% more than the average rent price for 1-bedroom apartments in Sandy Hill.
Median rents as of Nov 29 2025.
Sandy Hill
Ottawa
| Month | Median Rent |
|---|---|
| December 2023 | $1,588 |
| 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 | $1,610 |
| October 2025 | $1,579 |
| November 2025 | $1,562 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,545 |
| January 2024 | $1,600 |
| 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 |
Affordability calculator
Can I afford to live at 242 Rideau Street?
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
$79,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $79,800 annually to afford this 1-bedroom monthly rent price of $1,995.
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 Street
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
9/10
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 242 Rideau Street, 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
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 15-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
6/10
Several bars within a few minutes’ walk
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