Condos for Rent in Lower Town/Byward Market, Ottawa, ON

Name: HOMEH Market Pulse — Lower Town/Byward Market, Ottawa closed sales and leases
Creator: HOMEH
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Neighbourhood in Ottawa

Lower Town/Byward Market

vibrant community-oriented walkable

Lower Town/Byward Market is a lively neighbourhood in Ottawa. It offers a mix of residential spaces and vibrant markets, making it a popular area for both living and visiting.

Close to restaurants and cafes High walkability score Many parks and playgrounds Diverse community Strong rental market

Lower Town/Byward Market, Ottawa — HOMEH neighbourhood guide

Ottawa, Ontario

Day to dayLivability

Walkability

out of 100 · averaged over 11 past and present listings

Average walk score reported on listings here

6.1

Schools near listings

out of 10 · averaged over 1,077 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

$527,450

19% below Ottawa 26% below Ontario

In Lower Town/Byward Market

$527,450

In Ottawa

$649,900

In Ontario

$709,900

Median monthly rent

$2,100/mo

16% below Ottawa 16% below Ontario

In Lower Town/Byward Market

$2,100

In Ottawa

$2,500

In Ontario

$2,500

$938

Per square foot

≈ 20.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $527,450

Condos 61 · Houses 19

For rent

Median $2,100

Condos 24 · Houses 15

Recently sold

Recently leased

Market data as of 2026-10-25. 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

Great for walking and biking
Lots of dining options
Active social scene
Good access to public transit

Keep in mind

Limited schools in the area
Higher rental prices than the city median

The feel of the placeLifestyle

Daily life here is bustling with activity and a strong community feel. Residents enjoy easy access to amenities and entertainment.

Great for young professionals renters food lovers

Within the boundaryWhat's nearby

The boundary

1.5 km²

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

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 1.5 km² of Lower Town/Byward Market. From OpenStreetMap, as of 2026-10-26.

The peopleWho lives here

5,947

Population (2021)

1.3 km²

Area

4,560

People per km²

42.4

Median age

$74,643

Median income

33%

Own their home

1.6

People per household

3,480

Households

Every age

Children (under 15)5.1%
Working age (15–64)76.4%
Seniors (65+)18.4%

What is built here

Detached houses1.9%
Semi-detached4.4%
Townhouses6.9%
Duplexes2.7%
Low-rise apartments36.3%
High-rise apartments47.6%

Own or rent

33%Owners

67%Renters

Across 3,480 households

When it was built

Mostly 1960 or earlier

1960 or earlier25%
1961–198022%
1981–199015%
1991–200010%
2001–200513%
2006–20109%
2011–20154%
2016–20211%

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.

22.2%
Born outside Canada: 58.3%
Hold a degree or higher: 64.3%
Employment rate: 16.7%
Commute by transit: 36%
Commute by car: 1.5
Children per family: $63,863
Median income after tax: $93,880
Average household income: 16.5%
Living on a low income: $1,338/mo
Renters pay, per month: $1,830/mo
Owners pay, per month: $537,172
Median home value at census: 34.5%
Renters spending 30%+ of income on housing: 17.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 11 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: © Mapbox © OpenStreetMap

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What condos in Lower Town/Byward Market actually rent for

At least 114 condos were leased in Lower Town/Byward Market over the 12 months to September 2026. Half leased above $2,126 and half below, 3.6% higher than the 12 months before. A typical condo found its tenant in 30 days.

4 of the last 12 months had at least 5 closed condos sales in Lower Town/Byward Market. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median rent: $2,126; +3.6% year over year
Days to lease: 30; 1 day slower
Leases closed: 114; last 12 months
Rent per square foot: $3.05/mo; from 97 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 condo here differs from the next.

$4,462$3,437$2,413$1,388

Mar ’24Feb ’25Nov ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,993/mo

on a $3,000 asking rent — under ask by $7

−10%Asking rent+10%

Of the asking rent: 99.8%
Leased over asking: 12.3%

From 114 leases that closed here in the last 12 months.

Rent or buy in Lower Town/Byward Market

16.4 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$419,435

27 sales

Median rent

$2,126/mo

114 leases

Gross rental yield

6.08%

before costs

Both figures come from deals that actually closed in Lower Town/Byward Market over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Lower Town/Byward Market, rentals

Monthly closed leases in Lower Town/Byward Market
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	7	$1,950	$1,893 – $3,300	26	100.0%
Aug 2026	13	$2,100	$1,800 – $2,995	17	100.0%
Jul 2026	22	$2,175	$1,950 – $2,750	29	100.0%
Jun 2026	12	$2,225	$1,988 – $2,775	26	100.0%
May 2026	8	$1,925	$1,899 – $2,119	29	98.7%
Apr 2026	9	$1,995	$1,925 – $2,050	20	100.0%
Mar 2026	10	$2,000	$1,950 – $2,175	46	100.0%
Feb 2026	9	$2,545	$2,100 – $2,800	40	100.0%
Jan 2026	5	$1,950	$1,750 – $2,450	20	100.0%
Dec 2025	7	$1,850	$1,738 – $2,250	45	100.0%
Nov 2025	7	$1,990	$1,790 – $2,225	36	97.8%
Oct 2025	5	$2,800	$1,975 – $3,600	23	100.0%
Sep 2025	5	$3,950	$2,350 – $4,000	39	100.0%
Aug 2025	7	$2,800	$2,200 – $4,250	42	100.0%
Jul 2025	8	$2,000	$1,925 – $2,475	21	100.0%
Jun 2025	14	$2,200	$1,950 – $2,893	19	100.0%
May 2025	11	$2,200	$2,050 – $2,525	45	100.0%
Apr 2025	11	$2,100	$1,913 – $2,675	14	100.0%
Mar 2025	21	$1,895	$1,800 – $2,500	27	100.0%
Feb 2025	18	$1,800	$1,656 – $1,928	19	100.0%
Jan 2025	22	$1,900	$1,850 – $2,113	39	100.0%
Dec 2024	19	$1,800	$1,600 – $1,950	30	100.0%
Nov 2024	19	$1,950	$1,725 – $2,175	36	100.0%
Oct 2024	8	$1,998	$1,909 – $2,488	10	100.0%
Sep 2024	5	$2,300	$2,100 – $2,600	25	100.0%
Aug 2024	9	$2,100	$1,950 – $2,500	39	100.0%
Jul 2024	8	$2,050	$1,988 – $2,513	23	100.0%
Jun 2024	6	$1,950	$1,863 – $2,299	48	100.0%
May 2024	8	$2,350	$2,000 – $2,563	58	100.0%
Mar 2024	5	$2,300	$2,200 – $2,850	33	100.0%

What people ask about Lower Town/Byward Market

How much does a condo cost in Lower Town/Byward Market?

Condos in Lower Town/Byward Market sold for a median of $419,435 over the 12 months to September 2026, across at least 27 closed sales — half sold for more and half for less. That is 8.1% higher than the 12 months before it.

How long does it take to sell a condo in Lower Town/Byward Market?

A condo in Lower Town/Byward Market took a median of 52 days on the market over the 12 months to September 2026. Condos there closed at 96.2% of the asking price on average, with 3.7% selling over asking.

How much is rent for a condo in Lower Town/Byward Market?

The median condo lease in Lower Town/Byward Market closed at $2,126 a month over the 12 months to September 2026, across at least 114 leases.

Is it cheaper to rent or buy a condo in Lower Town/Byward Market?

A condo in Lower Town/Byward Market costs about 16.4 years of the rent on one — the median price of $419,435 against a median rent of $2,126 a month, a gross yield of 6.08%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Lower Town/Byward Market 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 condo. Not an appraisal or an opinion of value.