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May 2026 · Ottawa
Average Rent in Ottawa — May 2026
633 confirmed residential leases in Ottawa in May 2026. Average rent $2,624/month. Mixed conditions across property types.
Avg Lease Price $2,624/mo
Median Lease $2,600/mo
Avg Asking $2,621/mo
Lease / Ask 100.1%
Leased Over Asking 12%
Avg DOM 26 days
Previous Months
Total Leased
633
all residential
Avg Lease Price
$2,624
per month
Median Lease
$2,600
mid-point
Lease / Ask
100.1%
avg ratio
Over Asking
12%
of all leases
Avg DOM
26
days on market
Lease Prices by Property Type
Ottawa · May 2026
💰 Lease Price Summary
Average Lease $2,624/mo
Median Lease $2,600/mo
Avg Asking Rent $2,621/mo
Lowest Lease $1,150
Highest Lease $6,500
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 12.0%
Leased at asking 75.7%
Leased under asking 12.3%
Avg Days on Market 26 days
Fast · 050Slow · 100+
⚖️ Balanced — 12% over vs 12.3% under asking.
💰 Lease Price Summary
Average Lease $2,343/mo
Median Lease $2,250/mo
Avg Asking Rent $2,349/mo
Lowest Lease $1,400
Highest Lease $5,000
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 10.3%
Leased at asking 71.0%
Leased under asking 18.8%
Avg Days on Market 30 days
Fast · 050Slow · 100+
⚖️ Balanced — 10.3% over vs 18.8% under asking.
💰 Lease Price Summary
Average Lease $3,183/mo
Median Lease $3,100/mo
Avg Asking Rent $3,175/mo
Lowest Lease $1,450
Highest Lease $6,000
Lease / Ask Ratio 100.3%
📊 Market Activity
Leased over asking 17.1%
Leased at asking 71.2%
Leased under asking 11.6%
Avg Days on Market 26 days
Fast · 050Slow · 100+
⚖️ Balanced — 17.1% over vs 11.6% under asking.
💰 Lease Price Summary
Average Lease $2,624/mo
Median Lease $2,600/mo
Avg Asking Rent $2,618/mo
Lowest Lease $1,595
Highest Lease $6,500
Lease / Ask Ratio 100.3%
📊 Market Activity
Leased over asking 9.1%
Leased at asking 84.5%
Leased under asking 6.4%
Avg Days on Market 20 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.1% over vs 6.4% under asking.
💰 Lease Price Summary
Average Lease $2,043/mo
Median Lease $1,950/mo
Avg Asking Rent $2,036/mo
Lowest Lease $1,150
Highest Lease $4,300
Lease / Ask Ratio 100.4%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 76.6%
Leased under asking 10.9%
Avg Days on Market 34 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 10.9% under asking.
Nearby Cities · May 2026
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Carleton Place | $3,050 | $3,050 | 100.8% | 26d | 🔥 High Demand |
| Smiths Falls | $1,900 | $1,900 | 100.0% | 22d | ⚖️ Balanced |
| Mississippi Mills | $1,862 | $1,875 | 99.3% | 42d | ⚖️ Balanced |
| Russell | $2,251 | $2,198 | 98.4% | 38d | ⚖️ Balanced |
| Clarence Rockland | $2,200 | $2,200 | 100.0% | 20d | ⚖️ Balanced |
| The Nation | $2,350 | $2,450 | 102.2% | 17d | ⚖️ Balanced |
Frequently Asked Questions
Ottawa · May 2026
The average confirmed lease in Ottawa was $2,624/month in May 2026,
based on 633 MLS® transactions. The median was
$2,600/month.
Condos averaged $2,343/mo, freehold averaged $3,183/mo, and townhouses averaged $2,624/mo.
Units in Ottawa took an average of 26 days to lease in May 2026.
Freehold rentals averaged 26 days while condos averaged 30 days.
In May 2026, condos averaged $2,343/month while freehold rentals averaged $3,183/month —
a difference of $840/month.
Ottawa averaged $2,624/month in May 2026. Carleton Place averaged $3,050/mo. The Nation averaged $2,350/mo. See the full May 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.
