The average cost to rent a one-bedroom apartment in Ottawa dropped slightly in September, but renters are still paying an average of $2,000 a month for an apartment.
A new report by Rentals.ca and Urbanation shows the average rent that new tenants were asked to pay for a one-bedroom apartment in Ottawa last month was $2,051 a month, down from $2,063 in August.
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The average cost to rent a purpose-built and condominium rental apartment in Ottawa in September was $2,203 a month, down from $2,226 a month in August.
The average asking rent for a two-bedroom apartment in Ottawa was $2,523 a month in September.
Across Canada, Rentals.ca and Urbanation said the average asking price for a rental unit in Canada jumped 11 per cent in September to $2,149 a month.
"With year-over-year growth rising back into double-digits, the annual rate of rent inflation accelerated to a nine-month high," the report said.
Vancouver has the highest asking rent for a one-bedroom apartment in Canada at $3,015 a month, while the average asking rent in Toronto is $2,623.
Year-over-year rent increase
The average cost to rent a one-bedroom apartment in Ottawa has increased by $400 over the past two years.
According to Rentals.ca data, the cost to rent a one-bedroom apartment in Ottawa was $1,909 a month in September 2022 and $1,623 a month in September 2021.
The cost to rent a two-bedroom apartment jumped from $2,468 a month in September 2022 to $2,523 a month in September 2023.
