Apartments for Rent in Centretown West, Ottawa, ON

Centretown West, Ottawa apartment availability

Centretown West's rental market offers a good selection of listings, with an average of 83 rentals available each month in 2024. The neighborhood's rental inventory is comprised mainly of 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom units. Many of these rentals are pet-friendly, with over 85% allowing pets, making Centretown West a great option for renters with furry friends. With its convenient location and variety of amenities, Centretown West is a popular choice for Ottawa renters.

Centretown West, Ottawa rental market trends

The Centretown West rental market in Ottawa has experienced a slight decline in average rent prices, with a year-over-year decrease of 0.67%, averaging $2,091 per month for all bed types and properties. Breaking it down by bed count, 1-bedrooms average $1,994 per month, with a modest 1.24% annual increase. The average rent for 2-bedrooms is around $2,566, while studios average $1,676, reflecting a notable 10.06% annual increase.

Summer months tend to see the highest demand and prices in Centretown West, with June typically having the highest rent, 15.25% higher than February, the month with the lowest rent. If you're searching for a new apartment, be prepared for more competition during the summer. Conversely, if you're looking to rent during the winter, prices in February will be significantly lower. Keep in mind that the rental market can fluctuate, and being aware of these trends can help you navigate the Centretown West market more effectively.

Why Centretown West, Ottawa is a great place to live

Centretown West stands out as a haven for those prioritizing environmental sustainability and a vibrant social life. The neighborhood's focus on eco-friendly practices is evident in its emphasis on waste recycling and composting, rainwater harvesting, and the use of non-toxic paint and sustainable materials in construction. Residents can also contribute to community solar projects and enjoy homes equipped with low-flow fixtures and thermostats.

A high walk score and excellent transit score further enhance the area's appeal, making it easy to get around without a car. For those who value social connections, Centretown West offers a dynamic atmosphere, bolstered by its strong street infrastructure, high safety standards, and frequent transit options. Whether you're looking to reduce your carbon footprint or immerse yourself in a lively community, Centretown West is an ideal choice.