Cheap Homes for Rent in Downtown Neighborhood of Ottawa, ON from $1,400 (37 Rentals)

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

property at 658 Somerset St W

$1,750 - $1,860

1 Bedroom Rentals

Available Jan 1, 2026

658 Somerset St W

OttawaONK1R 5K4

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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The Art of the Rental Viewing: What to look for during a property tour

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Ottawa, ON is a Studio unit found at 324 Cambridge priced from $1,312. Laurier Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,339. Here are the most affordable Downtown apartments for rent in Ottawa, ON:

Apartment ListingModel NameBed/BathPriced From
324 Cambridge324 Cambridge - Plan AStudio,1BA$1,312
Laurier ApartmentsBachelorStudio,1BA$1,339
425 ElginStudio Promotion for 8 MonthsStudio,1BA$1,349
Sandy Hill ApartmentsSmall Bachelor with A/CStudio,1BA$1,349
Gloucester ApartmentsStudioStudio,1BA$1,399
149 MacLarenStudio Promotion for 8 MonthsStudio,1BA$1,399
335 Cooper St. – The CarillonBachelorStudio,1BA$1,399
MacConnor Apartments1 Bed 1 Bath1BR,1BA$1,400
Cooper Ave1 Bed, 1 bath1BR,1BA$1,400
214 Metcalfe214 Metcalfe St - Plan BStudio,1BA$1,409

Best Value Apartments for Rent in Downtown, ON

As of January 01, 2026 the best value apartment in the Downtown area is the $2.54 price per square foot Four Bedroom Model at Royal Court Apartments in the in the Downtown neighborhood starting from $2,799. The second greatest value Downtown apartment is the 1 Bedroom Model at 60 Daly Avenue – Canadiana Apartments starting at $1,549 with a $1.49 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.
Royal Court ApartmentsFour Bedroom4BR,2BA$2.54
60 Daly Avenue – Canadiana Apartments1 Bedroom1BR,1BA$1.49
Clarendon Lanes1 Bedroom plus Den 1 Bathroom1BR,1BA$2.46
50 Laurier1 Bedroom + Den1BR,1BA$2.34
218 Maclaren218 Maclaren St - Plan D1BR,1BA$2.73
The Citadel Apartments1A1BR,1BA$2.53
King Edward Avenue485 King Edward - Plan A1BR,1BA$2.40
Bona Vista ApartmentsSmall One Bedroom1BR,1BA$2.65
The Lamplighter1 Bedroom1BR,1BA$2.66
Sussex House1 Bedroom1BR,1BA$2.73

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 798 Apartments for Rent in Downtown, ON with pricing that ranges from $900 to $5,830. There are also 103 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,400 to $5,500.

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 $1,400 to $5,500 with an average monthly rent of $2,994.

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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!