Welcome to the November 2024 Ottawa Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
November 2024 key findings and figures for the Ottawa rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Ottawa and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Ottawa average rent prices in the chart below.
Monthly Rent Report
$1,150
$860
$580
$290
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR2 BR
Ottawa Rent Prices Increase From October to November
Ottawa rent prices increased over the last month. From October to November, the city experienced a 0.95% increase for the price of a one-bedroom apartment. The rent price for a Ottawa one-bedroom apartments currently stands at $1,062.0.
When we take a look at the two-bedroom comparison from October to November, Ottawa experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Ottawa two-bedroom apartments currently stands at $1,046.0.
November Prices: Ottawa vs. Surrounding Areas
Rent Prices in Ottawa and Surrounding Areas
Rent prices have increased in Ottawa over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Ottawa suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Ottawa suburbs
Rents did not decrease in any of the Ottawa suburbs.
November 2024 Pricing Trends: Ottawa vs. National Comparisons
New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent
Ottawa Rent Prices More Affordable Than Major Cities
Rent growth in Ottawa over the past year has been
on the rise. When compared to major cities nearby, along
with some of the most expensive cities in the country, Ottawa average rent prices appear to be
relatively affordable for local residents.
The price for a Ottawa one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Ottawa and surrounding area rent prices, take a look at the complete data set below.
Data set for Ottawa and suburbs
1 BR November
1 BR M/M % Change
2 BR November
2 BR M/M % Change
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.