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City in Ontario

Condos for rent under $700K in Welland

27 condos in Welland are listed for rent under $700K, which is 19% of everything for rent. The most active neighbourhoods are Broadway and Prince Charles.

family-friendly walkable affordable

55,750 people lived in Welland at the 2021 Census, in 23,610 households. 69% of households owned their home and 31% rented. The most common homes were single-detached houses (65%) and low-rise apartments (12%). 66% of homes were built before 1981, and 8% since 2011. 92% of commuters went to work by car and 1% by public transit.

Population of 52,293 Two parks available

Welland, Ontario

Condos for Rent in Welland Under $700K

Day to dayLivability

Walkability

out of 100 · averaged over 13,413 past and present listings

Average walk score reported on listings here

5.6

Schools near listings

out of 10 · averaged over 13,413 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

$549,950

23% below Ontario

In Welland

$549,950

In Ontario

$716,900

Median monthly rent

$1,950/mo

22% below Ontario

In Welland

$1,950

In Ontario

$2,499

$409

Per square foot

≈ 23.5 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

424

Median $549,950

Houses 398 · Condos 25

For rent

140

Median $1,950

Houses 105 · Condos 35

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

Affordable compared to Ontario's median prices
Good walkability for daily activities
Variety of housing options available

Keep in mind

Limited public transit options
Few schools in the area

The feel of the placeLifestyle

Daily life in Welland is convenient with parks for outdoor activities. The area is suitable for those who enjoy walking.

Great for first-time buyers families renters

Within the boundaryWhat's nearby

The boundary

84.5 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

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 84.5 km² of Welland. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.7/10

Average rating of the 22 rated schools in this area

Elementary

Secondary

St Kevin Catholic Elementary School
Catholic · Grades JK–8 · Niagara CDSB
7.2/105.8 over 5 yrs
751st of 3,045 Ontario elementary schools
390 students · EQAO 2024-2025
Princess Elizabeth Public School
Public · Grades JK–8 · DSB Niagara
7.0/106.7 over 5 yrs
888th of 3,045 Ontario elementary schools
465 students · EQAO 2024-2025
École élémentaire Nouvel Horizon
Public · French · Grades JK–6 · Conseil scolaire Viamonde
7.0/106.0 over 5 yrs
888th of 3,045 Ontario elementary schools
175 students · EQAO 2024-2025
Fitch Street Public School
Public · Grades JK–8 · DSB Niagara
6.9/106.9 over 5 yrs
963rd of 3,045 Ontario elementary schools
510 students · EQAO 2024-2025
École secondaire Franco-Niagara
Public · French · Grades 9–12 · Conseil scolaire Viamonde
6.8/10
254th of 742 Ontario secondary schools
120 students · EQAO 2024-2025
Glendale Public School
Public · Grades JK–8 · DSB Niagara
6.7/107.0 over 5 yrs
1,101st of 3,045 Ontario elementary schools
360 students · EQAO 2024-2025

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

55,750

Population (2021)

81.2 km²

Area

687

People per km²

45.4

Median age

$75,933

Median income

69%

Own their home

2.4

People per household

23,610

Households

Every age

Children (under 15)14.9%
Working age (15–64)62.1%
Seniors (65+)23.0%

What is built here

Detached houses64.5%
Semi-detached7.1%
Townhouses4.5%
Duplexes4.6%
Low-rise apartments12.4%
High-rise apartments6.3%

Own or rent

69%Owners

31%Renters

Across 23,610 households

When it was built

Mostly 1960 or earlier

1960 or earlier37%
1961–198029%
1981–199010%
1991–20009%
2001–20054%
2006–20103%
2011–20154%
2016–20214%

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.

11.9%
Born outside Canada: 14.2%
Hold a degree or higher: 48.4%
Employment rate: 0.8%
Commute by transit: 92.3%
Commute by car: 1.7
Children per family: $68,041
Median income after tax: $86,704
Average household income: 12.1%
Living on a low income: $1,117/mo
Renters pay, per month: $1,133/mo
Owners pay, per month: $500,613
Median home value at census: 33.5%
Renters spending 30%+ of income on housing: 12.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 91 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 condos for rent under $700K in Welland

How many condos in Welland rent for under $700K?

27 condos in Welland are listed for rent under $700K today, 19% of the 140 homes for rent. Their median rent is $1,750/mo.

All rentals in Welland

What kind of condo can I rent in Welland for under $700K?

Under $700K, Welland has condo apartments (27) for rent. Most range from studios to 2 bedrooms.

Condos for rent in Welland

Keep looking

More Rentals in Welland

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