Rental market snapshot for Ottawa, Toledo
Ottawa rental market summary
The rental market in Ottawa, Ohio is showing signs of growth. In July 2023, there were 111 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $730, an 18.9% decrease from the previous month. This decrease in rent is likely due to the influx of new listings, which has increased competition in the rental market.
The median rent in July 2023 was also 29.1% lower than the median rent in July 2022, indicating that the rental market in Ottawa, Ohio is becoming more affordable. This decrease in rent is likely due to the increased competition in the rental market, as well as the influx of new listings. With more options available, renters are able to find more affordable housing options.
Median rent for all residential properties in Ottawa
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The most expensive listings and top trending buildings in Ottawa
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 3205 Kylemore Rd | $2,500 | 6 / 2.5 |
| 2415 Cheltenham Rd | $2,150 | 3 / 2.0 |
| 3153 Meadowbrook Ct | $1,600 | 3 / 2.0 |
| 1831 Alvin St | $1,550 | 4 / 1.0 |
| 1432 Palmetto Ave | $1,500 | 4 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Coastal Ridge Real Estate | $966 |
| Torrey Hill Apartments LLC | $673 |
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Bedroom Breakdown in Ottawa
Ottawa neighborhood apartments rents
The rental market for studios in Ottawa, Ohio appears to be relatively stable, with only one new studio listing in May 2022. The median rent for studios in May 2022 is $465, indicating that the rental market is not experiencing any significant changes. Unfortunately, no data is available for the median rent in studios in March 2022, so it is not possible to determine the percent change in rent from March 2022 to May 2022. Overall, the rental market for studios in Ottawa, Ohio appears to be relatively stable.
The rental market for 1-bedroom apartments in Ottawa, Ohio is showing signs of growth. In July 2023, there were 5 new 1-bedroom listings, indicating an increase in demand. The median rent for 1-bedroom apartments in July 2023 was $675, a decrease of 30.1% from the median rent in June 2023 of $965. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 2-bedroom apartments in Ottawa, Ohio is showing signs of growth. In July 2023, there were 8 new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $730, a decrease of 15.5% from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 2-bedroom apartments in Ottawa, Ohio is looking positive.