Apartments for Rent in Centretown, Ottawa, ON

Centretown, Ottawa apartment availability

Centretown's rental market offers a very strong selection of listings, with an average of 352 rentals available each month in 2024. The majority of rentals are 1-bedroom apartments, followed by studios and 2-bedroom apartments. Many of these rentals are pet-friendly, with over 83% allowing small pets or having some pet restrictions. This makes Centretown an attractive option for renters with pets. With a wide range of rentals available, Centretown is a popular choice for those looking for a place to call home in Ottawa.

Centretown, Ottawa rental market trends

Centretown, Ottawa's rental market saw a significant increase of 21.4% last year, with the average monthly rent reaching $2,280 for all bed counts and property types. Breaking it down by bed count, 1-bedrooms averaged $2,261 per month, a 24.8% increase from the previous year. The average rent for 2-bedrooms was $2,563, while studios averaged $1,647.

The rental market in Centretown tends to peak in December, with a 15.7% increase in rent compared to May, the month with the lowest average rent. If you're looking for a new apartment, May might be a good time to find a deal. On the other hand, if you're looking to rent in December, be prepared for higher prices. In terms of competition, it's essential to be prepared during the peak season, as the demand for apartments is higher. Conversely, the off-season may provide more opportunities to find a new apartment with less competition.

Why Centretown, Ottawa is a great place to live

Centretown stands out as a hub for those prioritizing social life and environmental sustainability. The neighborhood's focus on eco-friendly living is evident in its use of non-toxic paint, waste recycling and composting programs, and rainwater harvesting systems. Community solar projects and sustainable materials in construction further contribute to its green credentials. Additionally, the area's high walk score and access to public transit make it easy to get around without a car. For those seeking an active social life, Centretown's vibrant street infrastructure, frequent transit options, and shared community spaces create a dynamic atmosphere. With safety a top priority, residents can feel comfortable exploring all the neighborhood has to offer. Overall, Centretown offers a unique blend of social connection and environmental responsibility, making it an attractive choice for like-minded individuals.