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City in Ontario

Homes for rent under $1M in Oakville

429 homes in Oakville are listed for rent under $1M, which is 99% of everything for rent. Detached houses are the largest group, and the most active neighbourhoods are Joshua Meadows and Glenorchy.

family-friendly suburban community-oriented

213,759 people lived in Oakville at the 2021 Census, in 73,520 households. 78% of households owned their home and 22% rented. The most common homes were single-detached houses (59%) and row houses (17%). 27% of homes were built before 1981, and 18% since 2011. 85% of commuters went to work by car and 6% by public transit.

Oakville, Ontario

Homes for Rent in Oakville Under $1M

Day to dayLivability

Walkability

out of 100 · averaged over 187,152 past and present listings

Average walk score reported on listings here

7.8

Schools near listings

out of 10 · averaged over 187,152 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

$1,450,000

102% above Ontario

In Oakville

$1,450,000

In Ontario

$716,900

Median monthly rent

$3,075/mo

23% above Ontario

In Oakville

$3,075

In Ontario

$2,499

$854

Per square foot

≈ 39.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

1,029

Median $1,450,000

Houses 755 · Condos 273

For rent

432

Median $3,075

Houses 270 · Condos 162

Recently sold

Recently leased

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

Good schools with a score of 7.8
Multiple parks for outdoor activities

Keep in mind

Higher prices compared to provincial median
Walkability score is average at 50

The feel of the placeLifestyle

Daily life in Oakville offers a suburban feel with access to parks and schools. Residents can enjoy a mix of community and convenience.

Great for families first-time buyers professionals

Within the boundaryWhat's nearby

The boundary

137.7 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

232

Parks

221

Playgrounds

Transit stations

Grocery stores

159

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 137.7 km² of Oakville. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

7.9/10

Average rating of the 58 rated schools in this area

Elementary

Secondary

Alfajrul Bassem
Independent · n/a
10.0/10
1st of 3,045 Ontario elementary schools
18 students
Forest Trail Public School (Elementary)
Public · Grades 1–8 · Halton DSB
10.0/109.3 over 5 yrs
1st of 3,045 Ontario elementary schools
715 students · EQAO 2024-2025
Al-Falah
Independent · Al-Falah S
9.7/10
29th of 3,045 Ontario elementary schools
25 students
École élémentaire Patricia-Picknell
Public · French · Grades JK–6 · Conseil scolaire Viamonde
9.6/107.6 over 5 yrs
35th of 3,045 Ontario elementary schools
105 students · EQAO 2024-2025
Abbey Park High School
Public · Grades 9–12 · Halton DSB
9.3/108.8 over 5 yrs
8th of 742 Ontario secondary schools
1,290 students · EQAO 2024-2025
Iroquois Ridge High School
Public · Grades 9–12 · Halton DSB
9.3/109.0 over 5 yrs
8th of 742 Ontario secondary schools
1,585 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Oakville, 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

213,759

Population (2021)

138.9 km²

Area

1,539

People per km²

42.7

Median age

$143,598

Median income

78%

Own their home

People per household

73,520

Households

Every age

Children (under 15)18.0%
Working age (15–64)66.3%
Seniors (65+)15.7%

What is built here

Detached houses58.7%
Semi-detached4.5%
Townhouses16.9%
Duplexes1.3%
Low-rise apartments6.3%
High-rise apartments12.1%

Own or rent

78%Owners

22%Renters

Across 73,520 households

When it was built

1960 or earlier8%
1961–198019%
1981–199018%
1991–200016%
2001–200511%
2006–20109%
2011–20157%
2016–202111%

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.

41.2%
Born outside Canada: 47.9%
Hold a degree or higher: 57.8%
Employment rate: 6.4%
Commute by transit: 85.1%
Commute by car: 1.8
Children per family: $118,332
Median income after tax: $190,237
Average household income: 8.7%
Living on a low income: $2,336/mo
Renters pay, per month: $2,111/mo
Owners pay, per month: $1,312,572
Median home value at census: 35.2%
Renters spending 30%+ of income on housing: 20.3%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 312 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)

Questions, answered

Common questions about homes for rent under $1M in Oakville

How many homes in Oakville rent for under $1M?

429 homes in Oakville are listed for rent under $1M today, 99% of the 432 homes for rent. Their median rent is $3,075/mo.

All rentals in Oakville

What kind of home can I rent in Oakville for under $1M?

Under $1M, Oakville has detached houses (173), condo apartments (134) and freehold townhouses (66) for rent. Most have 1 to 5 bedrooms.

Houses for rent in Oakville

Keep looking

More Rentals in Oakville

432 homes are for rent in Oakville. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.