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Oakville Rental Market Data & Neighbourhood Trends

Access granular residential building data, neighbourhood comps, and historical leasing metrics for 107 tracked properties across Oakville.

Oakville Rental Market Overview

FastScreen tracks 107 residential buildings across 3 distinct submarkets in Oakville, providing a robust transaction database for the local rental market. During the latest 30-day observation period, FastScreen recorded 158 closed leases with an average realized rent of $2,439 per month at a rate of $3.54 per square foot. Oakville's realized rental baseline sits $178 per month below the broader GTA 30-day average benchmark of $2,617, while maintaining a competitive Days on Market average of 26 days. Active inventory comprises 152 listings with an average asking rent of $2,889 per month ($4.20 per square foot), creating a $450 asking-versus-realized pricing spread across available units.

Active Rental Inventory

Listed and Tracked by FastScreen as of September 2026

Current publicly listed rental units and asking prices across Oakville

Active Listings
140units
Across 107 buildings
Average Asking Rent
$2,843/mo
Market Stability
Average SF
752SF
Typical suite layout
Average Asking Price / SF
$4.15/SF
Active density benchmark
Average Days on Market
38days
Active listing age

Rental Inventory Analysis At A Glance for Oakville

Oakville's active rental inventory features 152 listings with an average asking rent of $2,889 per month and an average asking rate of $4.20 per square foot. Across the broader municipal market, closed transactions average $2,439 per month at $3.54 per square foot over the latest 30-day window, indicating a $450 asking-versus-realized spread where landlords routinely adjust price expectations to secure tenants. Active listings span 3 tracked submarkets—Oakville North, Bronte, and Oakville South—where supply levels mirror local submarket demand density. The absorption rate sits at 51.0 percent, signaling moderate inventory turnover relative to active supply. Renters evaluating Oakville inventory will find asking prices positioned noticeably above realized lease outcomes, while landlords must account for this spread to maintain competitive velocity against adjacent markets like Burlington and Milton.

Closed Leases

Transactions that closed in September 2026

Executed lease contracts and actual realized rents agreed upon between landlords and tenants

Units Leased
65closed
Executed transactions
Average Leased Rent
$2,656/mo
+8.8% MoM Delta
Average Leased SF
743SF
Executed size average
Average Leased / SF
$3.63/SF
Realized per-foot rate
Average Days on Market
30days
Days to execute lease

Leasing Trends for Oakville

Oakville rental velocity is supported by 158 leases recorded during the latest 30-day period with an average Days on Market of 26 days, mirroring the GTA 30-day average DOM benchmark of 24 days. Mid-term tracking shows stable leasing volume, with 476 leases completed over the last 90 days at an average DOM of 23 days, and 689 leases over the last 180 days averaging 25 days on market. Prior 30-day leasing activity recorded 174 transactions with a $2,472 average rent and 25-day DOM. Oakville's current 26-day leasing window is 2 days slower than the GTA benchmark, 2 days faster than Burlington's 28-day effective benchmark, 7 days slower than Milton's 19-day effective benchmark, and 3 days slower than Mississauga's 23-day effective benchmark, indicating steady transactional absorption across the municipality.

Oakville Neighbourhood Leaderboard & Directory

4 Submarkets

Compare average leased rents, transaction volume, active inventory, and turnover velocity across all neighbourhoods in Oakville

Oakville North
59 properties · 90 active listings
$2,507
average leased
Units Leased: 35
Days on Market: 30 days
-5.6% vs CityView Comps
Bronte
22 properties · 37 active listings
$2,865
average leased
Units Leased: 23
Days on Market: 32 days
+7.9% vs CityView Comps
Oakville South
25 properties · 13 active listings
$2,714
average leased
Units Leased: 7
Days on Market: 23 days
+2.2% vs CityView Comps
Central Oakville
1 properties · 0 active listings
$2,250
average leased
Units Leased: 1
Days on Market: 52 days
-15.3% vs CityView Comps
Calculation Methodology & Metrics Context (September 2026)
Average Leased Rent:

Calculated from completed residential leases executed in September 2026 across tracked multi-family properties in that submarket.

Spread vs City:

The percentage premium or discount of that neighbourhood's average lease price relative to the overall Oakville municipal benchmark.

Units Leased:

Total verified residential lease agreements completed and finalized in September 2026, demonstrating submarket liquidity.

Average Days on Market:

The average calendar duration between the initial public listing date and the finalized binding lease agreement.

Oakville Rental Market Dynamics & Local Trends

Halton's Premier Waterfront & Executive Rental Market

Oakville consistently commands some of the highest residential lease rates outside of Toronto proper. Renowned for top-tier public and private schooling, historic downtown charm, and upscale waterfront parks, Oakville attracts corporate executives and relocating families.

Two GO train stations (Oakville and Bronte) on the Lakeshore West line provide 30-minute express service to Union Station, making it the preferred western suburb for downtown finance and legal professionals.

Submarket Pricing and Turnover Synthesis

Within Oakville, average lease rates range from $2,250 in Central Oakville up to $2,865 in Bronte, reflecting a 27% pricing spread based on building age and location. The fastest leasing velocity is currently observed in Oakville South, with units averaging 23 Days on Market before executing a binding lease agreement.

Month Over Month Trends

Month-over-month data indicates a slight softening in realized rents, with the average lease price moving from $2,472 in the prior 30-day period to $2,439 in the latest 30-day window—a decrease of $33 per month or 1.33 percent. Transaction volume shifted moderately from 174 prior leases to 158 leases, while the 30-day average Days on Market shifted from 25 days to 26 days. Because this movement is supported by a robust sample of over 150 monthly transactions, it reflects genuine short-term pricing adjustments rather than isolated transaction noise. Realized rates per square foot remained perfectly stable at $3.54 across both periods, demonstrating that unit size efficiency and underlying square-foot pricing maintained equilibrium while nominal monthly rents adjusted by a modest 1.33 percent.

Longer Term Trends

Oakville's historical database encompasses 689 recorded leases with an all-time average lease price of $2,460 per month at $3.52 per square foot and an average Days on Market of 25 days. Mid-term rolling metrics demonstrate consistent pricing stability, with 476 leases over the last 90 days averaging $2,473 per month and 180-day metrics recording 689 leases at $2,460 per month. Overall rental dispersion spans from an entry-level floor of $1,650 per month to an upper ceiling of $9,500 per month, with a median rent of $2,300. The middle 50 percent of the market clusters tightly between a 25th percentile of $2,100 and a 75th percentile of $2,700 per month, representing an interquartile range of $600 that captures core apartment stock while filtering out entry-level and luxury extremes.

For Renters

Renters navigating Oakville's market can utilize a realized baseline of $2,439 per month ($3.54 per square foot) across active leasing windows. Overall rental dispersion spans from a $1,650 entry floor to a $9,500 ceiling, with the middle 50 percent of transactions clustering between $2,100 and $2,700 per month (median $2,300). Bedroom categories exhibit clear financial step-ups: moving from a 1-bedroom ($2,087 realized) to a 1-bedroom + den ($2,283 realized) adds $196 per month, while upgrading to a standard 2-bedroom ($2,822 realized) requires an additional $735 per month for 285 square feet of extra space. Asking rents exceed realized lease outcomes by an average of $450 across the municipality, giving well-prepared renters room to negotiate. When local inventory is constrained, renters can look to nearby Milton ($2,369 effective average rent) or Burlington ($2,381 effective average rent) for competitive regional alternatives.

For Landlords

Landlords pricing rental units in Oakville must account for the $450 spread between average asking rents ($2,889 per month) and realized lease prices ($2,439 per month). With properties averaging 26 Days on Market, mispriced listings risk extended vacancy carry costs in a market where tenants have access to 152 active listings. Pricing strategies should be calibrated strictly to bedroom-level realized benchmarks—such as $2,087 for 1-bedroom units and $2,822 for 2-bedroom units—rather than peak asking expectations. Parking inclusion delivers measurable financial value across specific layouts, such as a $246 per month realized premium for 1-bedroom units with parking. Landlords should anchor their pricing to closed transaction comparables within their specific submarket—ranging from Bronte's $2,371 average to Oakville South's $3,063 benchmark—to maximize leasing velocity.

For Realtors

Real estate professionals structuring rental CMAs in Oakville can leverage a robust historical database of 689 transactions alongside a current 30-day leasing velocity of 158 transactions averaging 26 Days on Market. With an overall realized rent of $2,439 per month ($3.54 per square foot), Oakville trades at a modest 6.8 percent discount relative to the GTA average of $2,617, providing agents with a clear regional value proposition. When local 30-day submarket volume is limited, agents should rely on 90-day ($2,473) and 180-day ($2,460) rolling benchmarks to establish defensible pricing corridors. Monitoring the $450 asking-versus-realized spread allows agents to counsel clients on realistic initial listing targets, while $/sqft rate differentials across submarkets—from Bronte to Oakville South—provide empirical justification for property positioning.

Frequently Asked Questions

Oakville Rental Market & Leasing FAQs

Essential answers for tenants, property owners, and real estate professionals navigating Oakville

What is the average rent for a condominium or apartment in Oakville?
Oakville's average realized lease price for an apartment or condominium is $2,439 per month ($3.54 per square foot), based on FastScreen's latest 30-day transaction records of 158 recorded leases. Historical all-time leasing averages sit at $2,460 per month across 689 total recorded transactions with an average unit size of 852 square feet and a 25-day Days on Market baseline. Overall rental dispersion spans a median rent of $2,300 per month, with a municipal floor of $1,650 and an upper ceiling of $9,500. Oakville's realized rent trades $178 per month below the broader GTA 30-day benchmark of $2,617.
How much is a 1-bedroom apartment in Oakville?
Oakville's average realized lease price for a 1-bedroom apartment is $2,087 per month ($3.71 per square foot), based on FastScreen's historical transaction records of 193 recorded leases with an average unit size of 567 square feet. Asking rents average $2,235 per month ($3.85 per square foot) across 38 active listings, reflecting a $148 asking-versus-realized spread. Units leased with parking command an average realized rent of $2,098 per month, establishing a measurable $246 monthly premium over unbundled units leased without parking at $1,852 per month.
How much is a 2-bedroom apartment in Oakville?
Oakville's average realized lease price for a 2-bedroom apartment is $2,822 per month ($3.35 per square foot), based on FastScreen's historical transaction records of 205 recorded leases with an average unit size of 852 square feet. Active inventory comprises 56 listings with an average asking rent of $3,060 per month ($3.50 per square foot) and an average size of 888 square feet, reflecting a $238 asking-versus-realized spread. Two-bedroom units represent one of the strongest transaction volumes in the municipal dataset, securing a substantial $735 monthly rent step-up over 1-bedroom layouts while offering 285 additional square feet of living space.
How much is a 3-bedroom apartment in Oakville?
Oakville's average realized lease price for a 3-bedroom or larger apartment is $3,309 per month ($3.37 per square foot), based on FastScreen's historical transaction records of 16 recorded leases with an average unit size of 1,132 square feet. Active listings in this category are limited to 2 units with an average asking rent of $14,250 per month, reflecting a wide asking-versus-realized spread driven by ultra-luxury compositional outliers. Because transaction volume in the 3-bedroom segment is limited to 16 historical leases, this figure serves as an exploratory directional benchmark rather than a high-volume market average.
Which neighbourhoods in Oakville are the most affordable versus most premium?
Oakville's rental market is divided into 3 FastScreen-tracked submarkets, with Oakville South representing the most premium rental benchmark at an average lease price of $3,063 per month across 25 buildings and 61 recorded leases. Bronte stands as the most affordable tracked submarket, recording an average lease price of $2,371 per month across 22 buildings and 171 leases. Oakville North operates as the mid-tier submarket with an average lease price of $2,413 per month across 59 buildings and 456 leases. The municipal submarket spread spans $692 per month (or 29.19 percent) between Bronte and Oakville South.
What area codes in Oakville have the most expensive rental units? What area codes have the least?
Oakville's postal FSA dataset includes L6H as a tracked sample area, while broader municipal pricing is distributed across 3 distinct submarkets ranging from Bronte ($2,371 average lease) to Oakville South ($3,063 average lease). Because FastScreen tracks municipal data primarily by submarket and building footprint rather than isolated postal FSA breakdowns, the current dataset does not contain sufficient FSA-level variation to establish a comprehensive multi-FSA affordability ranking across the municipality.
Which postal codes (FSAs) and neighbourhoods are covered in Oakville's rental data?

FastScreen tracks residential lease transactions across Oakville's primary postal code districts (FSAs):

  • Oakville North L6H, L6M: $2,507/month average leased rent
  • Oakville South L6H, L6J, L6K: $2,714/month average leased rent
  • Bronte L6L, L6M: $2,865/month average leased rent
How fast do rental properties lease in Oakville?
Rental properties in Oakville lease in an average of 26 days over the latest 30-day observation window, based on FastScreen's tracked transaction volume of 158 leases. Oakville's 30-day Days on Market matches its historical all-time average of 25 days across 689 recorded leases. Oakville's 26-day leasing velocity is 2 days slower than the GTA 30-day average benchmark of 24 days, 2 days faster than Burlington's 28-day effective benchmark, 7 days slower than Milton's 19-day effective benchmark, and 3 days slower than Mississauga's 23-day effective benchmark.
How much more will a unit with a parking spot in Oakville rent for versus a unit without one?
In Oakville, 1-bedroom units leased with parking commanded an average realized rent of $2,098 per month, establishing a positive parking premium of $246 per month over unbundled units leased without parking at $1,852 per month. For 1-bedroom + den layouts, units leased with parking averaged $2,285 per month compared to $1,800 without parking, reflecting a $485 monthly parking premium. In the 2-bedroom category, units with and without parking recorded virtually identical realized averages ($2,822 versus $2,812), indicating that unit mix and specific building characteristics influenced pricing alongside parking availability.
How should Oakville landlords price their rental units to prevent vacancy?
Oakville landlords should price rental units by anchoring to closed transaction averages—such as $2,087 for 1-bedrooms and $2,822 for 2-bedrooms—rather than peak asking averages of $2,889 per month. With 152 active listings and a 26-day average leasing window, overpricing risks extended vacancy carry costs given the $450 asking-versus-realized spread. Landlords should factor in parking inclusion value, which commands up to a $246 monthly premium on 1-bedroom units, and align their asking figures with submarket comparables to ensure strong tenant absorption.
Are parking spaces, lockers, and utilities included in Oakville rents?
Oakville rental transactions show clear pricing differentiation when parking is included, with 1-bedroom units securing a $246 monthly premium with parking ($2,098) versus without parking ($1,852), and 1-bedroom + den units showing a $485 premium ($2,285 versus $1,800). The supplied FastScreen municipal dataset does not contain specific tracking data regarding locker storage allocations, hydro, water, or general utility inclusion rates across Oakville rental buildings.