Monthly rent

$1,320

Beds

Studio

Baths

Sqft

450

Monthly rent	$1,320
Beds	Studio
Baths	1
Sqft	450

5+ Days Ago

Location

385 Waverley Street #3, Ottawa, ON K2P 0W4, CA|Centretown

Tour 385 Waverley Street #3

Contact

Sarah Cohen

(844) 325-1106 ext. 8124

About 385 Waverley Street #3

Sweet deal!

This listing is 13% below the median price for studio apartments in Centretown.

Available for April 1, mid-April, or May 1 rental! Please reply to ad for link to video walk-through 😊 Bright studio unit located on the second floor of secure quiet walk-up apartment building on the corner of Bank Street & Waverly! - Quiet building is home mostly to young professional tenants - Water and hot water included in the rent. Hydro services lights and appliances, and supplementary baseboard heaters. Unit is mainly heated via common areas and the restaurant downstairs and heaters provide extra option in winter. Estimated by Hydro Ottawa at $60/mo averaged over 12 months. - Amazing location just steps from the amazing businesses on Bank Street - No parking available with unit. Street parking available via City of Ottawa street parking permit - Building does not have laundry; closest drycleaning is across the street on Bank (SuperM), and closest traditional laundromats are Urban Wash (Gladstone) and Sudsey’s (Somerset) Located in an amazing central location just steps from Loblaw’s, Herb & Spice, and endless bars and restaurants! Extremely central location for transit. Proof of income/employment and credit check (our cost) required for approval. First/last month rent required at lease signing.

Lease Terms

1 year

Neighborhood

Centretown

Post code

K2P 0W4

Type

Apartment for rent

Rent trends in Centretown

studio apartments at 385 Waverley Street #3 cost about 13% less than the average rent price for studio apartments in Centretown.

Median rents as of Mar 7 2026.

Centretown

Ottawa

A table of studio rental data trends in Ottawa
Month	Median Rent
March 2024	$1,543
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	$1,573
February 2026	$1,599
March 2026	$1,595

A table of studio rental data trends in Centretown
Month	Median Rent
March 2024	$1,543
April 2024	$1,540
May 2024	$1,558
June 2024	$1,584
July 2024	$1,626
August 2024	$1,648
September 2024	$1,645
October 2024	$1,625
November 2024	$1,669
December 2024	$1,617
January 2025	$1,597
February 2025	$1,647
March 2025	$1,591
April 2025	$1,563
May 2025	$1,551
June 2025	$1,551
July 2025	$1,550
August 2025	$1,564
September 2025	$1,568
October 2025	$1,549
November 2025	$1,549
December 2025	$1,505
January 2026	$1,501
February 2026	$1,530
March 2026	$1,509

Affordability calculator

Can I afford to live at 385 Waverley Street #3?

Bedrooms

Studio

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

$52,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $52,800 annually to afford this studio monthly rent price of $1,320.

For more information on rent affordability, visit our rent calculator.

Getting around Ottawa near 385 Waverley Street #3

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 385 Waverley Street #3, Ottawa

Groceries

10/10

At least one supermarket within a 5-minute walk

Shopping

8/10

Wide variety of shops within a few minutes' walk

Cafes

8/10

Wide variety of cafés within a few minutes’ walk

Restaurants

9/10

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

9/10

At least one high school within a 10-minute walk

Parks

8/10

Large amount of park space nearby

Nightlife

5/10

Some bars within a few minutes’ walk

385 Waverley Street #3385 Waverley Street #3, Ottawa, ON K2P 0W4, CA

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About 385 Waverley Street #3

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Getting around Ottawa near 385 Waverley Street #3

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Points of interest for 385 Waverley Street #3, Ottawa

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Parks

Nightlife

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385 Waverley Street #3
385 Waverley Street #3, Ottawa, ON K2P 0W4, CA