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Rental Market Trends in Oakville, ON

Updated August 2026

The average rent in Oakville, ON is $2,157/month.

$2,157/month

Average Rent

651 Sq Ft

Average Size

+1.2%

Change / Year

651

Available Apartments

Oakville rent varies by unit size and layout:

  • Studio apartments in Oakville average $1,561 per month.
  • One-bedroom apartments in Oakville average $2,157 per month.
  • Two-bedroom apartments in Oakville average $2,624 per month.
  • Three-bedroom apartments in Oakville average $2,770 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,561/month
468 Sq Ft
One Bedroom
$2,157/month
651 Sq Ft
Two Bedroom
$2,624/month
878 Sq Ft
Three Bedroom
$2,770/month
1,185 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,611/month
0 Sq Ft
Two Bedroom
$2,169/month
30 Sq Ft
Three Bedroom
$3,115/month
0 Sq Ft
Four Bedroom
$6,091/month
0 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,763/month
0 Sq Ft
Three Bedroom
$3,686/month
84 Sq Ft
Four Bedroom
$4,083/month
0 Sq Ft
View Oakville Apartments

How much has average rent changed in Oakville, ON?

In the past year, rent has increased by 1.2%, which averages out to $27 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Oakville, ON

August 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Oakville, ON
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
3% $1,001 - $1,500/month
14% $1,501 - $2,000/month
83% Above $2,000/month

Rent by Neighbourhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighbourhoods in Oakville?

Based on current rent prices, Oakville and Bronte" are the most affordable neighbourhoods in Oakville.

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Oakville
$2,234/month
640 Sq Ft
Bronte
$2,578/month
763 Sq Ft

What are the most expensive neighbourhoods in Oakville?

Based on current rent prices, Bronte and Oakville" are the most expensive neighbourhoods in Oakville.

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Bronte
$2,578/month
763 Sq Ft
Oakville
$2,234/month
640 Sq Ft

Which Oakville neighbourhoods have the most rentals available?

The neighbourhoods in Oakville with the most apartments available are Oakville and Bronte" .

Calculate Rent Affordability
Neighbourhood
Average Rent
Average Sq Ft
Oakville
$2,234/month
640 Sq Ft
Bronte
$2,578/month
763 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Oakville, ON?

Because the average rent in Oakville is $2,157, you’ll want to make about $7,190 per month or $86,280 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Oakville, ON

651 Available Apartments for Rent

Search for Nearby Apartments

How does Oakville, ON compare to other nearby cities and neighbourhoods?

Use the tool below to compare Oakville, ON to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Oakville Area Guide

Apartment Averages

Oakville

Oakville, ON

Bronte

Oakville, ON

Studio
$1,651/month
$1,179/month
One Bedroom
$2,077/month
$2,444/month
Two Bedroom
$2,468/month
$3,125/month
Three Bedroom
$2,771/month
$2,725/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Hamilton

    Hamilton

Apartment Communities in Oakville We Think You'll Love

2475 Old Bronte Road

2475 Old Bronte Road

2475 Old Bronte Rd,
Oakville, ON L6M 4J2

1-2 Beds | $2,498 - $3,046

The Kerr

The Kerr

444 Kerr St,
Oakville, ON L6K 3C2

1 Bed | $2,070 - $2,100

The Stewart

The Stewart

75 Stewart St,
Oakville, ON L6K 1X7

Studio - 2 Beds | $1,749 - $2,169

The Village at Bronte Harbour

The Village at Bronte Harbour

133 Bronte Rd,
Oakville, ON L6L 0H2

1-2 Beds | $2,585 - $6,105

Frequently Asked Questions

What is the average rent in Oakville?

The average rent in Oakville is $2,157 per month, which is 22.3% higher than the national average of $1,763.

What is the average rent for a house in Oakville?

The average rent for a house in Oakville, ON is $3,115 per month.

What is the average rent for a townhome in Oakville?

The average rent for a townhome in Oakville, ON is $2,763 per month.

Are rents going up or down in Oakville?

Rents in Oakville, ON are increasing, with prices up 1.2% year-over-year and $27 more per month.

What rent range is most common in Oakville?

In Oakville, ON, 83% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

Canada Ontario Oakville Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.

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