Real Estate 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 urban community-focused

Lower Town/Byward Market is a lively neighbourhood in Ottawa. It offers a mix of residential and commercial spaces, making it vibrant and convenient.

High walkability score of 98 Close to parks and playgrounds Diverse community with 22.2% immigrants Majority of residents are renters

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

$509,000

22% below Ottawa 29% below Ontario

In Lower Town/Byward Market

$509,000

In Ottawa

$649,900

In Ontario

$717,000

Median monthly rent

$2,200/mo

14% below Ottawa 12% below Ontario

In Lower Town/Byward Market

$2,200

In Ottawa

$2,550

In Ontario

$2,500

$938

Per square foot

≈ 19.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $509,000

Condos 65 · Houses 18

For rent

Median $2,200

Condos 21 · Houses 18

Recently sold

Recently leased

Market data as of 2026-10-10. 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 access to restaurants and cafes
Strong community feel with diverse residents
Convenient for walking and public transit
Many parks for outdoor activities

Keep in mind

Limited schools in the area
Higher rental prices compared to city median

The feel of the placeLifestyle

Daily life here is active and social, with many dining and leisure options. The area is popular among young professionals and families.

Great for young professionals first-time 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 2026-10-12.

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 Through September 2026 Deep sales history

What homes in Lower Town/Byward Market actually rent for

151 homes were leased in Lower Town/Byward Market over the 12 months to September 2026. Half leased above $2,100 and half below, 2.1% higher than the 12 months before. A typical home found its tenant in 30 days — 2 days slower than a year ago.

Median rent: $2,100; +2.1% year over year
Days to lease: 30; 2 days slower
Leases closed: 151; last 12 months
Rent per square foot: $2.89/mo; from 124 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.

$4,192$3,264$2,336$1,408

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,000/mo

on a $3,000 asking rent — right at the asking rent

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 10.6%

From 151 leases that closed here in the last 12 months.

Rent or buy in Lower Town/Byward Market

18 years

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

Median sold price

$453,725

62 sales

Median rent

$2,100/mo

151 leases

Gross rental yield

5.55%

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.

What actually rents in Lower Town/Byward Market

A single median hides this: the mix of homes behind it, and what each kind costs.

151leases

Condo apartment$2,12675.5%
Other kinds, too few of each —24.5%

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	11	$1,950	$1,843 – $2,700	26	100.0%
Aug 2026	17	$2,100	$1,850 – $2,995	17	100.0%
Jul 2026	24	$2,175	$1,913 – $2,825	26	100.0%
Jun 2026	18	$2,150	$1,763 – $2,588	26	100.0%
May 2026	14	$1,898	$1,838 – $2,063	32	100.0%
Apr 2026	11	$1,993	$1,931 – $2,238	19	100.0%
Mar 2026	12	$1,992	$1,900 – $2,150	45	100.0%
Feb 2026	12	$2,573	$2,075 – $2,763	38	100.0%
Jan 2026	7	$1,950	$1,775 – $2,450	27	100.0%
Dec 2025	10	$1,800	$1,706 – $2,075	48	100.0%
Nov 2025	9	$2,200	$1,899 – $2,495	36	100.0%
Oct 2025	6	$2,388	$1,919 – $3,400	23	100.0%
Sep 2025	9	$3,050	$2,075 – $3,950	25	100.0%
Aug 2025	10	$2,748	$2,175 – $3,931	35	100.0%
Jul 2025	10	$2,000	$1,956 – $2,538	21	100.0%
Jun 2025	16	$2,200	$1,888 – $2,698	19	100.0%
May 2025	13	$2,200	$2,000 – $2,650	31	100.0%
Apr 2025	14	$2,100	$1,956 – $2,425	15	100.0%
Mar 2025	23	$1,900	$1,825 – $2,740	27	100.0%
Feb 2025	22	$1,825	$1,675 – $1,950	22	100.0%
Jan 2025	24	$1,900	$1,850 – $2,163	39	100.0%
Dec 2024	21	$1,800	$1,600 – $1,950	30	100.0%
Nov 2024	21	$1,980	$1,800 – $2,400	35	100.0%
Oct 2024	8	$1,998	$1,909 – $2,488	10	100.0%
Sep 2024	12	$2,200	$1,925 – $2,613	25	100.0%
Aug 2024	13	$2,050	$1,950 – $2,500	39	100.0%
Jul 2024	12	$2,175	$1,988 – $2,813	27	100.0%
Jun 2024	7	$1,900	$1,873 – $2,200	55	100.0%
May 2024	10	$2,348	$2,100 – $2,450	46	100.0%
Apr 2024	5	$2,850	$2,550 – $2,950	19	100.0%
Mar 2024	7	$2,282	$2,050 – $2,713	38	100.0%
Feb 2024	6	$2,579	$1,700 – $4,000	28	100.0%
Jan 2024	3	Not enough leases this month to report a median
Dec 2023	3	Not enough leases this month to report a median
Nov 2023	2	Not enough leases this month to report a median
Oct 2023	5	$2,340	$2,138 – $2,800	18	100.0%

3 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 Lower Town/Byward Market

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

Homes in Lower Town/Byward Market sold for a median of $453,725 over the 12 months to September 2026, across 62 closed sales — half sold for more and half for less. That is 7.9% higher than the 12 months before it.

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

A home in Lower Town/Byward Market took a median of 52 days on the market over the 12 months to September 2026. Homes there closed at 96.6% of the asking price on average, with 6.5% selling over asking.

How much is rent in Lower Town/Byward Market?

The median lease in Lower Town/Byward Market closed at $2,100 a month over the 12 months to September 2026, across 151 leases.

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

A home in Lower Town/Byward Market costs about 18.0 years of the rent on one — the median price of $453,725 against a median rent of $2,100 a month, a gross yield of 5.55%. 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 home. Not an appraisal or an opinion of value.

Condos in Lower Town/Byward Market

A condo here is its own market

Half the condo apartments that changed hands in Lower Town/Byward Market over the 12 months to September 2026 sold above $419,435. Condos were 44% of everything that closed here, so there is no freehold market in Lower Town/Byward Market to read that number against.

Median condo sold price: $419K; 27 closed sales
Median condo rent: $2,126/mo; 114 leases
Days to sell: 52; median, condo apartments
Share of all sales: 44%; of everything that closed here