The cost of renting a one-bedroom apartment in Ottawa edged closer to $2,000 a month in September as renters saw double-digit increases in rental rates.
The average cost of renting a one-bedroom apartment in Ottawa rose 17.7 in September from September 2021 to $1,909 per month, according to Rentals.ca’s monthly report. A two-bedroom apartment costs $2,468 per month in September, up 21.2% from a year ago.
Rentals.ca’s monthly report shows the average cost to rent a one-bedroom apartment in Canada in September was $1,743, up 2.7% from a year ago. The rent for a two-bedroom apartment in the country rose 15.4% in September to $2,217.
A one-bedroom apartment in Gatineau cost $1,561 to rent in September, up 7.1% from a year ago. Rental rates for two-bedroom apartments rose 1.9 per cent in Gatineau last month to $1,840.
Nepean experienced one of the lowest rent increases in Canada in September. The cost of renting a one-bedroom apartment in Nepean rose 1.1% in September to $1,550.
Rentals.ca says demand for apartments is declining in Ottawa, based on pageviews per listing on its website.
Vancouver has the highest rents for one-bedroom and two-bedroom apartments in Canada. The average cost for a one-bedroom apartment in Vancouver is $2,590 and $3,707 for a two-bedroom apartment.
The October 2022 National Rent Report found that the average rent price for all rental properties in Canada reached $2,043 in September, up 15.4% from September 2021. rental of apartments and condominiums in Ottawa was $2,108 last month, up 15%. from a year ago.
Average rent for a one-bedroom apartment in Canada in September
1. Vancouver, BC $2,590
2. Toronto $2,474
3. Burnaby, BC $2,292
4. Oakville, Ont. $2,178
5. Burlington, Ont. $2,165
6. Victoria, BC $2,148
7. Etobicoke, Ont. $2,137
8. Guelph, Ont. $2,052
9. North York, Ont. $2,022
10. Brampton, Ont. $2,019
12. Ottawa $1,909
27. Nepean $1,550