Last updated on July 31, 2026

Average rent in
Oakville, ON

Key takeaways for renters

  • The bottom line

    Oakville, ON rent fell 11.7% year over year, with a current median of $2,320/month. Renters today are paying $427 less per month on average than last year, while month-to-month rent is essentially unchanged.

  • Oakville runs 20.2% more expensive than the $1,930/month national median, placing it in the higher price tier among Canadian metros despite a limited total rental inventory of 51 units.

  • Price ranges

    Studios in Oakville rent for about $1,645/month, 1-bedrooms around $2,187/month, and 2-bedrooms near $2,550/month, with 4+ bedroom units reaching $3,390/month. Apartments make up 78.9% of rentals and rent around $2,315/month, while houses are higher at $2,850/month.

  • Neighborhood spotlight

    Bronte rents dropped 36.8% year over year to $2,399/month across 17 rentals, a sharper decline than the citywide 11.7% fall. Meanwhile, Queen Elizabeth Commercial Zone saw rents rise 23.3% year over year to $2,213/month.

Median rent

Median rent in Oakville

$2,320/mo

decreased by12%

vs previous year

The average rent in Oakville is $2,320 per month as of July 2026. This is 20% above the national average rent, or $390 more per month.

$5.77

average price per square foot

Total rentals

Available rentals in Oakville

51

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Oakville rentals at each price point

90%68%45%23%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Oakville, ON

Average rent prices in Oakville have remained the same over the last month and have decreased by 12% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Oakville, ON

Rent prices in Oakville vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Oakville is $2,315, whereas a house costs $2,850. 1-bedroom apartments in Oakville run $2,187 on average, while 2-bedroom apartments are $2,607.

Listings

Studio

$1,645

No Change

7%

1 bedroom

$2,187

No Change

5%

2 bedroom

$2,550

2%

18%

3 bedroom

$2,980

4%

9%

4 bedroom

$3,390

8%

29%

Studio

Average rent

$1,645

Last 30 days

No Change

Last year

7%

1 bedroom

Average rent

$2,187

Last 30 days

No Change

Last year

5%

2 bedroom

Average rent

$2,550

Last 30 days

2%

Last year

18%

3 bedroom

Average rent

$2,980

Last 30 days

4%

Last year

9%

4 bedroom

Average rent

$3,390

Last 30 days

8%

Last year

29%

The table above reflects average rent prices in Oakville, ON, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Oakville, ON compare to other cities?

Compare median rent prices in Oakville and Brampton by all bedroom counts and property types.

Oakville

Median rent price$2,320
increased by20%

higher than the national median

Median rent price$2,200
increased by14%

higher than the national median

Takeaway

The median rent for all rentals in Oakville, ON is 5% higher than the median rent in Brampton, ON.

Discover rentals in Oakville, ON

Wallace Pines - Photo 1 of 1

21h ago

8.4

Very good

Wallace Pines

1260 Marlborough Crt, Oakville, ON L6H 3H5

Studio–2 beds

1 bath

$1,695–$2,295

Apartment for rent

50 Speers Road - Photo 1 of 1

13h ago

8.8

Very good

50 Speers Road

50 Speers Rd, Oakville, ON L6K 2E5

1–2 beds

1 bath

$1,850–$2,100

Apartment for rent

297 Queens Ave - Photo 1 of 1

7h ago

8.4

Very good

297 Queens Ave

297 Queens Ave, Oakville, ON L6H 2B4

1–3 beds

1 bath

$1,899–$2,991

Apartment for rent

Snow Manor Apartments, Oakvile - Photo 1 of 1

3d ago

8.8

Very good

Snow Manor Apartments, Oakvile

83 Wilson St, Oakville, ON L6K 3G4

2 beds

1 bath

$2,050

Apartment for rent

Available Sep 1

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Oakville, ON

Quick answers to common questions about the Oakville rental market.

How much is rent in Oakville?

The average rent in Oakville is $2,320 per month as of July 25, 2026.

Is rent up or down in Oakville?

Average rent prices in Oakville have remained the same over the last month and have decreased by 12% since last year.

How does Oakville rent compare to the national average?

Rent in Oakville is 20% above the national average, which means renters are paying approximately $390 more per month.

Which neighborhoods are most affordable in Oakville?

The most affordable neighborhoods in Oakville are Central Oakville ($2,089/mo), River Oaks ($2,250/mo), and Westmount ($2,295/mo).

What salary do I need to afford rent in Oakville?

To comfortably afford rent in Oakville, you'd need to earn approximately $93,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Oakville?

Based on Zumper's July 2026 data, one-bedroom apartments in Oakville average around $2,200/month and two-bedrooms approximately $2,560/month.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Brampton