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February 2026 · Ottawa
Average Rent in Ottawa — February 2026
364 confirmed residential leases in Ottawa in February 2026. Average rent $2,590/month. Mixed conditions across property types.
Avg Lease Price $2,590/mo
Median Lease $2,500/mo
Avg Asking $2,598/mo
Lease / Ask 99.7%
Leased Over Asking 6.9%
Avg DOM 60 days
Total Leased
364
all residential
Avg Lease Price
$2,590
per month
Median Lease
$2,500
mid-point
Lease / Ask
99.7%
avg ratio
Over Asking
6.9%
of all leases
Avg DOM
60
days on market
Lease Prices by Property Type
Ottawa · February 2026
💰 Lease Price Summary
Average Lease $2,590/mo
Median Lease $2,500/mo
Avg Asking Rent $2,598/mo
Lowest Lease $1,200
Highest Lease $6,500
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 6.9%
Leased at asking 75.3%
Leased under asking 17.9%
Avg Days on Market 60 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.9% over vs 17.9% under asking.
💰 Lease Price Summary
Average Lease $2,329/mo
Median Lease $2,200/mo
Avg Asking Rent $2,333/mo
Lowest Lease $1,200
Highest Lease $5,500
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 8.5%
Leased at asking 74.4%
Leased under asking 17.1%
Avg Days on Market 65 days
Fast · 050Slow · 100+
⚖️ Balanced — 8.5% over vs 17.1% under asking.
💰 Lease Price Summary
Average Lease $3,051/mo
Median Lease $2,993/mo
Avg Asking Rent $3,066/mo
Lowest Lease $1,475
Highest Lease $6,500
Lease / Ask Ratio 99.5%
📊 Market Activity
Leased over asking 6.8%
Leased at asking 72.7%
Leased under asking 20.5%
Avg Days on Market 58 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.8% over vs 20.5% under asking.
💰 Lease Price Summary
Average Lease $2,527/mo
Median Lease $2,500/mo
Avg Asking Rent $2,536/mo
Lowest Lease $1,550
Highest Lease $4,500
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 6.0%
Leased at asking 74.1%
Leased under asking 19.9%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 6% over vs 19.9% under asking.
💰 Lease Price Summary
Average Lease $2,197/mo
Median Lease $2,200/mo
Avg Asking Rent $2,211/mo
Lowest Lease $1,475
Highest Lease $3,300
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 4.0%
Leased at asking 80.0%
Leased under asking 16.0%
Avg Days on Market 59 days
Fast · 050Slow · 100+
⚖️ Balanced — 4% over vs 16% under asking.
Nearby Cities · February 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Carleton Place | $1,800 | $1,800 | 94.7% | 91d | 🧊 Renter-Friendly |
| Smiths Falls | $2,390 | $2,390 | 100.0% | 80d | ⚖️ Balanced |
| Russell | $2,250 | $2,550 | 99.3% | 73d | ⚖️ Balanced |
| Clarence Rockland | $1,350 | $1,350 | 100.0% | 69d | ⚖️ Balanced |
Frequently Asked Questions
Ottawa · February 2026
The average confirmed lease in Ottawa was $2,590/month in February 2026,
based on 364 MLS® transactions. The median was
$2,500/month.
Condos averaged $2,329/mo, freehold averaged $3,051/mo, and townhouses averaged $2,527/mo.
Units in Ottawa took an average of 60 days to lease in February 2026.
Freehold rentals averaged 58 days while condos averaged 65 days.
In February 2026, condos averaged $2,329/month while freehold rentals averaged $3,051/month —
a difference of $722/month.
Ottawa averaged $2,590/month in February 2026. Smiths Falls averaged $2,390/mo. See the full February 2026 Ontario lease summary →
Looking to rent in Ottawa?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for Ottawa, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
