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City in Ontario
Condos for rent under $700K in Central Elgin
1 condo in Central Elgin is listed for rent under $700K, which is 7% of everything for rent.
13,746 people lived in Central Elgin at the 2021 Census, in 5,460 households. 90% of households owned their home and 10% rented. The most common homes were single-detached houses (92%) and low-rise apartments (3%). 58% of homes were built before 1981, and 12% since 2011. 96% of commuters went to work by car and 0% by public transit.
Central Elgin, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Condos for Rent in Central Elgin Under $700K
Day to dayLivability
20
Walkability
out of 100 · averaged over 4,841 past and present listings
Average walk score reported on listings here
6.5
Schools near listings
out of 10 · averaged over 4,841 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$649,450
In Central Elgin
$649,450
In Ontario
$716,900
Median monthly rent
$2,150/mo
In Central Elgin
$2,150
In Ontario
$2,499
$402
Per square foot
≈ 25.2 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
110
Median $649,450
Houses 88 · Condos 22
For rent
14
Median $2,150
Houses 12 · Condos 2
Recently sold
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Recently leased
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Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable compared to provincial median prices
- Variety of residential and condo options
- Community parks for outdoor activities
- Low competition with only six rentals available
Keep in mind
- Limited public transit options
- Walkability score is low at 20
- Fewer amenities compared to larger cities
The feel of the placeLifestyle
Daily life in Central Elgin is calm and community-oriented, with basic amenities within reach. Residents enjoy a quieter pace of living.
Within the boundaryWhat's nearby
The boundary
280.6 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
28
Parks
16
Playgrounds
2
Transit stations
9
Restaurants
4
Cafés
2
Gyms
2
Libraries
Counted across all 280.6 km² of Central Elgin. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
5.9/10
Average rating of the 2 rated schools in this area
4
Elementary
Kettle Creek Public School
Public · Grades JK–8 · Thames Valley DSB
6.7/101,101st of 3,045 Ontario elementary schools
415 students · EQAO 2024-2025
New Sarum Public School
Public · Grades JK–8 · Thames Valley DSB
5.0/105.8 over 5 yrs2,196th of 3,045 Ontario elementary schools
220 students · EQAO 2024-2025
Eva Circe-Cote FI
Public · Thames Valley DSB
Not rated
Eva Circe-Cote French Immersion Public School
Public · Grades JK–8 · Thames Valley DSB
Not rated
245 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Central Elgin, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
13,746
Population (2021)
279.9 km²
Area
49
People per km²
48.9
Median age
$104,833
Median income
90%
Own their home
2.5
People per household
5,460
Households
Every age
- Children (under 15)14.6%
- Working age (15–64)62.5%
- Seniors (65+)22.9%
What is built here
- Detached houses92.4%
- Semi-detached0.7%
- Townhouses2.3%
- Duplexes0.9%
- Low-rise apartments3.2%
Own or rent
90%Owners
10%Renters
Across 5,460 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier34%
- 1961–198024%
- 1981–19908%
- 1991–200011%
- 2001–20056%
- 2006–20103%
- 2011–20154%
- 2016–20218%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 9.8%
- Born outside Canada
- 19%
- Hold a degree or higher
- 56.9%
- Employment rate
- 0%
- Commute by transit
- 96.3%
- Commute by car
- 1.7
- Children per family
- $90,608
- Median income after tax
- $119,313
- Average household income
- 4.9%
- Living on a low income
- $1,061/mo
- Renters pay, per month
- $1,213/mo
- Owners pay, per month
- $594,366
- Median home value at census
- 15.4%
- Renters spending 30%+ of income on housing
- 9.8%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 20 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)
Common questions about condos for rent under $700K in Central Elgin
How many condos in Central Elgin rent for under $700K?
1 condo in Central Elgin is listed for rent under $700K today, 7% of the 14 homes for rent. Their median rent is $2,390/mo.
All rentals in Central ElginWhat kind of condo can I rent in Central Elgin for under $700K?
Under $700K, Central Elgin has condo apartment (1) for rent.
Condos for rent in Central ElginMore Rentals in Central Elgin
14 homes are for rent in Central Elgin. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.