Real Estate for Rent in Southwest, Oakville, ON
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Neighbourhood in Oakville
Southwest
Southwest is a quiet neighbourhood in Oakville. It offers a mix of family-friendly homes and good schools.
At a glance
Listed 1 day ago
86 Selgrove Crescent
Oakville (Southwest), ON L6L 1L3
DetachedFor Rent
Listed 3 days ago
7 Third Line
Oakville (Southwest), ON L6L 3Z3
DetachedFor Rent
Listed 22 days ago
122 Selgrove Crescent
Oakville (Southwest), ON L6L 1L3
DetachedFor Rent
Listed Sep 3, 2026
Unit (Basement), 572 Weynway Court
Oakville (Southwest), ON L6L 4G7
DetachedFor Rent
Day to dayLivability
8.1
Schools near listings
out of 10 · averaged over 34 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
$2,797,000
In Southwest
$2,797,000
In Oakville
$1,439,000
In Ontario
$718,000
Median monthly rent
$3,800/mo
In Southwest
$3,800
In Oakville
$3,000
In Ontario
$2,500
≈ 61.3 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
41
Median $2,797,000
Houses 41
For rent
6
Median $3,800
Houses 6
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-12. 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
- Good schools with high ratings
- Family-friendly environment
- Low crime rates
- Strong community feel
Keep in mind
- High property prices compared to the city median
- Limited public transit options
The feel of the placeLifestyle
Residents enjoy a suburban lifestyle with access to parks and schools. The area is calm and suitable for families.
Within the boundaryWhat's nearby
The boundary
3.1 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
9
Parks
7
Playgrounds
1
Gyms
1
Libraries
Counted across all 3.1 km² of Southwest. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
8.9/10
Average rating of the 2 rated schools in this area
2
Elementary
2
Secondary
École élémentaire Patricia-Picknell
Public · French · Grades JK–6 · Conseil scolaire Viamonde
9.6/107.6 over 5 yrs35th of 3,045 Ontario elementary schools
105 students · EQAO 2024-2025
Thomas A Blakelock High School
Public · Grades 9–12 · Halton DSB
8.1/107.8 over 5 yrs79th of 742 Ontario secondary schools
1,165 students · EQAO 2024-2025
Appleby College
Independent
Not rated
Gary Allan High School - 05
Public · Grades 7–12 · Halton DSB
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Southwest, 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
3,612
Population (2021)
2.5 km²
Area
1,430
People per km²
45.6
Median age
$163,266
Median income
86%
Own their home
3
People per household
1,210
Households
Every age
- Children (under 15)15.5%
- Working age (15–64)66.7%
- Seniors (65+)17.8%
What is built here
- Detached houses86.7%
- Townhouses5%
- Duplexes1.7%
- Low-rise apartments7.5%
Own or rent
86%Owners
14%Renters
Across 1,210 households
When it was built
Mostly 1961–1980
- 1960 or earlier23%
- 1961–198039%
- 1981–19905%
- 1991–20003%
- 2001–20053%
- 2006–20105%
- 2011–201511%
- 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.
- 33.1%
- Born outside Canada
- 50.9%
- Hold a degree or higher
- 53%
- Employment rate
- 4.3%
- Commute by transit
- 85.4%
- Commute by car
- 2
- Children per family
- $129,827
- Median income after tax
- $264,857
- Average household income
- 9.2%
- Living on a low income
- $1,649/mo
- Renters pay, per month
- $2,092/mo
- Owners pay, per month
- $1,930,008
- Median home value at census
- 20.1%
- Renters spending 30%+ of income on housing
- 20.5%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 6 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
What homes in Southwest actually rent for
27 homes were leased in Southwest over the 12 months to September 2026. Half leased above $5,807 and half below, 17.9% lower than the 12 months before. A typical home found its tenant in 28 days.
- Median rent
- $5,807
- -17.9% year over year
- Days to lease
- 28
- 1 day quicker
- Leases closed
- 27
- last 12 months
- Rent per square foot
- $2.45/mo
- from 27 sized leases
Three years of rents
The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.
What renters actually paid
$2,967/mo
on a $3,000 asking rent — under ask by $33
- Of the asking rent
- 98.9%
- Leased over asking
- 11.1%
From 27 leases that closed here in the last 12 months.
Rent or buy in Southwest
35.4 years
of rent, at the going rate here, adds up to what a home here costs.
Median sold price
$2,465,845
42 sales
Median rent
$5,807/mo
27 leases
Gross rental yield
2.83%
before costs
Both figures come from deals that actually closed in Southwest over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.
What actually rents in Southwest
A single median hides this: the mix of homes behind it, and what each kind costs.
- Detached$7,15022.2%
- Other kinds, too few of each —77.8%
Every month behind these charts — Southwest, rentals
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 2 | Not enough leases this month to report a median | |||
| Aug 2026 | 1 | Not enough leases this month to report a median | |||
| Jul 2026 | 1 | Not enough leases this month to report a median | |||
| Jun 2026 | 6 | $7,150 | $5,825 – $8,625 | 21 | 100.0% |
| May 2026 | 3 | Not enough leases this month to report a median | |||
| Apr 2026 | 4 | Not enough leases this month to report a median | |||
| Mar 2026 | 1 | Not enough leases this month to report a median | |||
| Jan 2026 | 2 | Not enough leases this month to report a median | |||
| Nov 2025 | 4 | Not enough leases this month to report a median | |||
| Oct 2025 | 3 | Not enough leases this month to report a median | |||
| Sep 2025 | 3 | Not enough leases this month to report a median | |||
| Aug 2025 | 1 | Not enough leases this month to report a median | |||
| Jul 2025 | 1 | Not enough leases this month to report a median | |||
| Jun 2025 | 5 | $9,500 | $8,200 – $10,500 | 35 | 100.0% |
| Apr 2025 | 3 | Not enough leases this month to report a median | |||
| Mar 2025 | 5 | $4,400 | $4,000 – $6,600 | 31 | 100.0% |
| Dec 2024 | 3 | Not enough leases this month to report a median | |||
| Nov 2024 | 3 | Not enough leases this month to report a median | |||
| Oct 2024 | 2 | Not enough leases this month to report a median | |||
| Sep 2024 | 2 | Not enough leases this month to report a median | |||
| Aug 2024 | 2 | Not enough leases this month to report a median | |||
| Jul 2024 | 1 | Not enough leases this month to report a median | |||
| May 2024 | 3 | Not enough leases this month to report a median | |||
| Apr 2024 | 1 | Not enough leases this month to report a median | |||
| Mar 2024 | 1 | Not enough leases this month to report a median | |||
| Feb 2024 | 1 | Not enough leases this month to report a median | |||
| Jan 2024 | 2 | Not enough leases this month to report a median | |||
24 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.
What people ask about Southwest
How much does a home cost in Southwest?
Homes in Southwest sold for a median of $2,465,845 over the 12 months to September 2026, across 42 closed sales — half sold for more and half for less. That is 12.0% lower than the 12 months before it.
How long does it take to sell a home in Southwest?
A home in Southwest took a median of 51 days on the market over the 12 months to September 2026. Homes there closed at 93.5% of the asking price on average, with 2.4% selling over asking.
How much is rent in Southwest?
The median lease in Southwest closed at $5,807 a month over the 12 months to September 2026, across 27 leases.
Is it cheaper to rent or buy in Southwest?
A home in Southwest costs about 35.4 years of the rent on one — the median price of $2,465,845 against a median rent of $5,807 a month, a gross yield of 2.83%. The shorter that number, the closer buying is to renting before financing costs.
Compiled by HOMEH from leases reported closed in Southwest on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.