Cheap Homes for Rent in Downtown Neighborhood of Ottawa, ON from $1,200 (43 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown area of 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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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.

property at 331 Catherine St

$1,500 - $4,140

Studio To 1 Bedroom Rentals

Available Now

331 Catherine St

OttawaONK1R 5T4

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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Ottawa, ON is a Studio unit found at 145 Stewart St. – The Statesman priced from $1,299. 324 Cambridge has the second lowest priced unit, which is a Studio apartment currently listed from $1,328. Here are the most affordable Downtown apartments for rent in Ottawa, ON:

Apartment ListingModel NameBed/BathPriced From
145 Stewart St. – The StatesmanBachelorStudio,1BA$1,299
324 CambridgeStudioStudio,1BA$1,328
Centretown PlaceStudioStudio,1BA$1,349
Elgin Street ApartmentsStudio Promotion for 8 Months - 149 MaclarenStudio,1BA$1,399
214 Metcalfe214 Metcalfe St - Plan BStudio,1BA$1,399
60 Daly Avenue – Canadiana ApartmentsBachelorStudio,1BA$1,399
425 Elgin Street425 Elgin - Studio Plan CStudio,1BA$1,399
Somerset Manor/ Le Quai D'OrsayBachelorStudio,1BA$1,400
Hillside ApartmentsDelta2BR,2BA$1,400
Cooper Ave1 Bed, 1 bath1BR,1BA$1,400

Best Value Apartments for Rent in Downtown, ON

As of May 30, 2026 the best value apartment in the Downtown area is the $2.29 price per square foot 2 Bedrooms Model at 435 Albert St. – Domaine 435 in the in the Downtown neighborhood starting from $2,450. The second greatest value Downtown apartment is the 335 Metcalfe St - Plan D Model at 335 Metcalfe starting at $2,369 with a $2.37 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
435 Albert St. – Domaine 4352 Bedrooms2BR,2BA$2.29
335 Metcalfe335 Metcalfe St - Plan D2BR,1BA$2.37
233 Nepean233 Nepean - 3 Bedroom3BR,1BA$2.61
Riverview Place Apartments2 Beds, 1 bath2BR,1BA$2.12
60 Daly Avenue – Canadiana ApartmentsBachelorStudio ,1BA$1.87
Tiffany Apartments1 Bed, 1 bath1BR,1BA$2.13
Stonecliffe Apartments1 Bed, 1 bath1BR,1BA$2.18
The Citadel Apartments1A1BR,1BA$2.53
King Edward Avenue475 King Edward Ave - Plan D1BR,1BA$2.60
Bona Vista ApartmentsSmall One Bedroom1BR,1BA$2.65

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 809 Apartments for Rent in Downtown, ON with pricing that ranges from $750 to $5,500. There are also 277 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,224 to $6,450.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,224 to $6,450 with an average monthly rent of $3,406.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.