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May 2025 · Ottawa
Average Rent in Ottawa — May 2025
483 confirmed residential leases in Ottawa in May 2025. Average rent $2,649/month. Mixed conditions across property types.
Avg Lease Price $2,649/mo
Median Lease $2,595/mo
Avg Asking $2,658/mo
Lease / Ask 99.7%
Leased Over Asking 7.7%
Avg DOM 55 days
Total Leased
483
all residential
Avg Lease Price
$2,649
per month
Median Lease
$2,595
mid-point
Lease / Ask
99.7%
avg ratio
Over Asking
7.7%
of all leases
Avg DOM
55
days on market
Lease Prices by Property Type
Ottawa · May 2025
💰 Lease Price Summary
Average Lease $2,649/mo
Median Lease $2,595/mo
Avg Asking Rent $2,658/mo
Lowest Lease $1,250
Highest Lease $7,200
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 7.7%
Leased at asking 73.5%
Leased under asking 18.8%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.7% over vs 18.8% under asking.
💰 Lease Price Summary
Average Lease $2,308/mo
Median Lease $2,200/mo
Avg Asking Rent $2,317/mo
Lowest Lease $1,250
Highest Lease $6,500
Lease / Ask Ratio 99.6%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 68.7%
Leased under asking 24.2%
Avg Days on Market 55 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 24.2% under asking.
💰 Lease Price Summary
Average Lease $3,166/mo
Median Lease $3,000/mo
Avg Asking Rent $3,186/mo
Lowest Lease $1,450
Highest Lease $7,200
Lease / Ask Ratio 99.4%
📊 Market Activity
Leased over asking 9.8%
Leased at asking 71.3%
Leased under asking 18.9%
Avg Days on Market 57 days
Fast · 050Slow · 100+
⚖️ Balanced — 9.8% over vs 18.9% under asking.
💰 Lease Price Summary
Average Lease $2,708/mo
Median Lease $2,650/mo
Avg Asking Rent $2,711/mo
Lowest Lease $2,100
Highest Lease $6,500
Lease / Ask Ratio 99.9%
📊 Market Activity
Leased over asking 6.2%
Leased at asking 79.6%
Leased under asking 14.2%
Avg Days on Market 51 days
Fast · 050Slow · 100+
⚖️ Balanced — 6.2% over vs 14.2% under asking.
💰 Lease Price Summary
Average Lease $2,231/mo
Median Lease $2,195/mo
Avg Asking Rent $2,229/mo
Lowest Lease $1,350
Highest Lease $4,500
Lease / Ask Ratio 100.1%
📊 Market Activity
Leased over asking 7.1%
Leased at asking 78.6%
Leased under asking 14.3%
Avg Days on Market 56 days
Fast · 050Slow · 100+
⚖️ Balanced — 7.1% over vs 14.3% under asking.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Carleton Place | $2,475 | $2,500 | 100.0% | 42d | ⚖️ Balanced |
| Smiths Falls | $1,817 | $1,600 | 100.0% | 42d | ⚖️ Balanced |
| Perth | $2,000 | $2,000 | 100.0% | 71d | ⚖️ Balanced |
| Mississippi Mills | $3,000 | $3,000 | 100.0% | 32d | ⚖️ Balanced |
| Russell | $2,287 | $1,995 | 101.4% | 66d | ⚖️ Balanced |
| Clarence Rockland | $2,360 | $2,350 | 100.9% | 57d | ⚖️ Balanced |
| The Nation | $2,995 | $2,995 | 100.0% | 40d | ⚖️ Balanced |
Frequently Asked Questions
Ottawa · May 2025
The average confirmed lease in Ottawa was $2,649/month in May 2025,
based on 483 MLS® transactions. The median was
$2,595/month.
Condos averaged $2,308/mo, freehold averaged $3,166/mo, and townhouses averaged $2,708/mo.
Units in Ottawa took an average of 55 days to lease in May 2025.
Freehold rentals averaged 57 days while condos averaged 55 days.
In May 2025, condos averaged $2,308/month while freehold rentals averaged $3,166/month —
a difference of $858/month.
Ottawa averaged $2,649/month in May 2025. The Nation averaged $2,995/mo. Carleton Place averaged $2,475/mo. See the full May 2025 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.
