Here's how much it costs to rent an apartment in Ottawa
A for rent and a for sale sign are displayed on a house in a new housing development in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
The average cost to rent an apartment in Ottawa dropped $39 a month in April, as rents declined in the capital for the second month in a row, according to a new report.
Statistics from Rentals.ca and Urbanation shows the average cost to rent a purpose-built apartment or condominium was $2,159 in April, down from $2,198 in March. It's the second straight month the average rent dropped in Ottawa, after peaking at $2,222 in February.
The average cost to rent a one-bedroom apartment in Ottawa was $1,982 in April, down from $2,043 in March.
Rent for a two-bedroom apartment was $2,488 in April, while a three-bedroom apartment cost an average of $2,756 a month.
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Across Canada, the average rent was $2,188 in April.
"Asking rents for all residential property types in Canada remained near a record high in April," says Rentals.ca.
North Vancouver had the highest average rent in Canada at $3,190, followed by Vancouver at $2,982 a month, Toronto at $2,757 and Mississauga at $2,589 a month.
The report shows the average asking rent in Kingston, Ont. is $2,064 a month, with a one-bedroom apartment costing $1,806 a month.
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