Cheap New Apartments for Rent in Ottawa, ON from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in Ottawa.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Petries Landing I
$1,151 - $7,810Built in 2025Studio to 3 Bedroom Apartments

Petries Landing I

140-180 Prestige CirOttawa, ON K4A 1K4
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Recital – 36 Robinson
$1,425 - $3,400Built in 2023Studio to 4 Bedroom Apartments

Recital – 36 Robinson

36 Robinson AvOttawa, ON K1N 8N9
  • Utilities Included
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460 St-Laurent
$1,530 - $3,620Built in 20171 to 3 Bedroom Apartments

460 St-Laurent

460 St Laurent BlvdOttawa, ON K1K 2Z6
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Station 27
$1,535 - $2,330Built in 2025Studio to 2 Bedroom Apartments

Station 27

1155 Joseph Cyr StOttawa, ON K1J 7T4
  • Utilities Included
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Carlton West
$1,575 - $3,620Built in 2025Studio to 3 Bedroom Apartments

Carlton West

1655 Carling AvOttawa, ON K2A 0Y2
  • Utilities Included
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169 Lisgar St.
$1,575 - $2,450Built in 2016Studio to 2 Bedroom Apartments

169 Lisgar St.

169 Lisgar StOttawa, ON K2P 0C3
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McRae
$1,600 - $2,450Built in 2017Studio to 2 Bedroom Apartments

McRae

315 McRae AveOttawa, ON K1Z 0B9
Furnished
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Ottawa, ON Local Guide

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Ottawa, ON Area Reviews

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Janice4+ years in Ottawa

August 16, 2025

Born and raised in Ottawa -I love my city.

Frequently Asked Questions about Cheap Ottawa Apartments

What is a cheap apartment in Ottawa?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ottawa is under $1,321.

What is the price of a cheap apartment in Ottawa?

The cheapest apartment in Ottawa is 27 Lucerne which is listed at $1,115, while the average apartment in Ottawa costs $3,855.

What types of apartments are the cheapest in Ottawa?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 349 regular apartments in Ottawa that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Ottawa?

Cheap apartments in Ottawa have an average cost of $441 which is $3,414 cheaper than the average rent for all rentals in Ottawa.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.