Zumper

OFFER:

MOVE IN ON OR BEFORE JUNE 15TH, 2026 AND RECEIVE A $50 MONTHLY CREDIT FOR THE FIRST 12 MONTHS null

modified
4 Days Ago

Highlights

  • Rent Special

Location

242 Rideau St, Ottawa, ON K1N 0B7, CAN|Sandy Hill
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Contact

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Management

Dore PM

Leasing office

(613) 707-0466

Property Overview

242 Rideau Street Unit 403 receives a strong Zumper rating of 8.8 out of 10, highlighting its appeal for renters. It excels with a competitive price and value rating of 10, alongside exceptional amenities rated at 10, positioning it as a premier choice. The location also scores highly at 9, offering great convenience, while trustworthiness is rated 8, reflecting a commitment to transparency with 14 detailed photos available for prospective 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.

Zumper Expert Rating

8.8
Very Good
With 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.

Things you’ll love

  • Images Available

Floor plans

1 Bedroom - 1 Bathroom1 bed1 bath$1,799 /mo1 unit available

Let's explore this property.

Amenities for 242 Rideau Street Unit 403

Apartment Amenities

Air ConditioningBalcony
DryerHeat
Hot WaterStorage Locker

Appliances

DishwasherIn-Unit Laundry
MicrowaveRefrigerator
Stove

Building

Fitness CenterGym
LoungeOnsite Laundry
Residents LoungeSauna

Grounds

StorageSwimming 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 terms12 months
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About 242 Rideau Street Unit 403

Managed by Dore PM
HomeApartments in OttawaSandy Hill 242 Rideau Street Unit 403

Ottawa, Downtown. NEW PRICE! ***PROMOTION: Rent is $1,799/month and includes a $50 bonus credit for the first 12 months*** This Luxury 1 Bedroom PLUS den, 1 bath Apt Condo for rent is MOVE IN READY 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 smoking, please! ***SOME PICTURES HAVE BEEN VIRTUALLY STAGED***


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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 Good
With 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.
How we rated 242 Rideau Street Unit 403
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

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Managed by Dore PM

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 9% more than the average rent price for 1-bedroom apartments in Sandy Hill.

Median rents as of Jun 6 2026.
Sandy Hill
Ottawa
A table of studio rental data trends in Ottawa
MonthMedian Rent
June 2024$1,550
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$1,578
April 2026$1,581
May 2026$1,599
June 2026$1,600
A table of studio rental data trends in Sandy Hill
MonthMedian Rent
June 2024$1,507
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$1,466
February 2026$1,439
March 2026$1,411
April 2026$1,399
May 2026$1,429
June 2026$1,449

Affordability calculator

Can I afford to live at 242 Rideau St?

Bedrooms

1 bedroom

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

$71,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $71,960 annually to afford this 1-bedroom monthly rent price of $1,799.
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
Farm Boy
50 Rideau St
Solfarmers
88 Marlborough Ave

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