NEW: The cost to rent an apartment in these two Ottawa neighbourhoods decreased this summer ottnews
The average cost to rent a one-bedroom apartment in Ottawa increased 9.7 per cent in July from July 2021 to $1,674, according to the new report from Rentals.ca. A two-bedroom apartment in Ottawa cost $2,206 – up 8.5 per cent from a year ago.
The monthly rentals report from Rentals.ca shows the average rent in Canada for a one-bedroom was $1,640 in July, up 10.68 per cent from July 2021. The average cost of a two-bedroom apartment was $2,098 in July, up 14.20 per cent from July 2021. In Gloucester, the cost to rent a one-bedroom apartment was $1,564 in July, down 9.7 per cent from a year ago. Rent for a two-bedroom apartment in the east end neighbourhood was $1,992 last month, down 10.2 per cent from July 2021.
The report from Rentals.ca shows the average monthly rent for all property types in Ottawa increased from $1,928 in July 2021 to $2,090 in July 2022.