Rent report · Oakville, Ontario · closed MLS® leases
Average Rent in Oakville — November 2026 by Bedroom
The short answer
The median rent in Oakville is $2,850 a month, based on 4,714 leases signed on the MLS® in the 12 months to November 2026 (average $3,185). A typical 1-bedroom leases for $2,150 and a 2-bedroom for $2,700. Over the last 90 days the median was $2,900 across 1,289 leases.
See Oakville rentalsBy bedroom
Oakville rent by bedroom
- Studio$1,750
- 1 bedroom$2,150
- 2 bedrooms$2,700
- 3 bedrooms$3,500
- 4+ bedrooms$4,500
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
Table viewHide table
| Bedrooms | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Studio | $1,750 | 7 |
| 1 bedroom | $2,150 | 1,415 |
| 2 bedrooms | $2,700 | 1,307 |
| 3 bedrooms | $3,500 | 1,132 |
| 4+ bedrooms | $4,500 | 853 |
| Bedrooms | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Studio | $1,750 | $1,650 | 7 | — | $2,000 | — |
| 1 bedroom | $2,150 | $2,160 | 1,415 | $2,200 | $2,200 | $3.90 |
| 2 bedrooms | $2,700 | $2,788 | 1,307 | $2,775 | $2,795 | $3.25 |
| 3 bedrooms | $3,500 | $3,641 | 1,132 | $3,650 | $3,700 | $2.47 |
| 4+ bedrooms | $4,500 | $4,903 | 853 | $4,600 | $5,000 | $2.00 |
| All rentals | $2,850 | $3,185 | 4,714 | $2,900 | $3,000 | $3.11 |
By property type
Oakville rent by property type
- Condo apartment$2,300
- House (detached / semi)$4,300
- Basement apartment$1,900
- Townhouse$3,500
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
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| Type | Median rent (12 mo) | Leases (12 mo) |
|---|---|---|
| Condo apartment | $2,300 | 2,125 |
| House (detached / semi) | $4,300 | 1,038 |
| Basement apartment | $1,900 | 99 |
| Townhouse | $3,500 | 1,299 |
| Type | Median rent (12 mo) | Average rent (12 mo) | Leases (12 mo) | Median (last 90 days) | Median asking now | Rent / sq ft |
|---|---|---|---|---|---|---|
| Condo apartment | $2,300 | $2,446 | 2,125 | $2,350 | $2,500 | $3.75 |
| House (detached / semi) | $4,300 | $4,601 | 1,038 | $4,400 | $4,500 | $2.33 |
| Basement apartment | $1,900 | $1,912 | 99 | $2,000 | $2,100 | $1.10 |
| Townhouse | $3,500 | $3,432 | 1,299 | $3,550 | $3,500 | $2.40 |
Trend
Oakville median rent, last 24 months
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
Table viewHide table
| Month | Median rent | Leases |
|---|---|---|
| Oct 2026 | $2,900 | 393 |
| Sep 2026 | $3,000 | 478 |
| Aug 2026 | $2,850 | 497 |
| Jul 2026 | $3,275 | 480 |
| Jun 2026 | $3,000 | 415 |
| May 2026 | $2,800 | 418 |
| Apr 2026 | $2,650 | 385 |
| Mar 2026 | $2,750 | 321 |
| Feb 2026 | $2,700 | 309 |
| Jan 2026 | $2,800 | 289 |
| Dec 2025 | $2,800 | 354 |
| Nov 2025 | $2,850 | 356 |
| Oct 2025 | $2,800 | 359 |
| Sep 2025 | $2,800 | 495 |
| Aug 2025 | $3,000 | 692 |
| Jul 2025 | $2,850 | 556 |
| Jun 2025 | $2,800 | 547 |
| May 2025 | $2,700 | 518 |
| Apr 2025 | $2,693 | 478 |
| Mar 2025 | $2,700 | 333 |
| Feb 2025 | $2,900 | 298 |
| Jan 2025 | $2,800 | 256 |
| Dec 2024 | $3,125 | 243 |
| Nov 2024 | $2,900 | 165 |
Neighbourhoods
Cheapest to most expensive Oakville neighbourhoods to rent
Source: TRREB MLS® data, compiled by Summitly · as of November 9, 2026
FAQ
Oakville rent FAQs
What is the average rent in Oakville?
In the 12 months to November 2026, 4,714 Oakville rentals were leased through the MLS® at a median of $2,850 a month and an average of $3,185. The median is the better guide: a few luxury leases pull the average up.
How much is a 1-bedroom apartment in Oakville?
The median 1-bedroom lease in Oakville was $2,150 a month over the last 12 months (1,415 leases); 1-bedrooms listed for rent right now ask a median $2,200.
How much is a 2-bedroom rental in Oakville?
A 2-bedroom in Oakville leased for a median $2,700 a month over the last 12 months, across 1,307 leases.
Is it cheaper to rent a basement, condo or house in Oakville?
Over the last 12 months the cheapest type was basement apartment at a median $1,900, and the most expensive was house (detached / semi) at $4,300. basement apartment $1,900, condo apartment $2,300, townhouse $3,500 and house (detached / semi) $4,300.
Are rents going up or down in Oakville?
The median lease in Oct 2026 was $2,900, up 3.6% from $2,800 in Oct 2025. Monthly medians move with the mix of units leased, so read the 24-month trend rather than a single month.
What is the cheapest neighbourhood to rent in Oakville?
Of the 3 Oakville neighbourhoods with at least 10 leases in the last 12 months, Bronte had the lowest median rent at $3,373, and Glenorchy the highest at $3,675.
Where do these rent figures come from?
They are medians and averages of closed leases recorded on the TRREB MLS® (the rent actually agreed, not the asking rent), refreshed November 2026. A figure is shown only when it covers at least 5 leases, so no single lease can be identified.
Sources & method
Where these rents come from.
- Rents are the monthly prices on leases that closed on the TRREB MLS® (status Leased), not asking rents, except the "Median asking now" column, which covers rentals listed today.
- The 12-month window runs to the data refresh date; the 90-day column covers the most recent 90 days. The trend shows complete calendar months only.
- Bedrooms are the above-grade bedroom count on the listing, so a 1-bedroom plus den counts as a 1-bedroom. Studios are listings with no bedrooms.
- Basement apartments are lower-level units or units numbered as a basement; houses are detached and semi-detached homes leased whole; townhouses include condo townhouses.
- Rents under $300 or over $50,000 a month are treated as data errors and excluded. Rent per square foot uses leases with an exact floor area only.
- Every figure covers at least 5 leases, so no individual lease can be identified. This page is indexed only when the city has at least 50 leases in 12 months.
Source: TRREB MLS® data, compiled by Summitly.
