Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
In Q2 2026, a one-bedroom condo leased for about $2,178 a month in Oakville and $2,159 in Burlington, and a two-bedroom for $2,923 and $2,785 (TRREB). Three-bedroom townhouses averaged $3,475 and $3,328. No official source publishes house or basement rents, so price those from leased comparables.
This guide is for anyone renting, or renting out, a home in Oakville or Burlington in 2027. You will get the latest real rent numbers by home type and bedroom count, what each source actually measures, and how to price a house or basement when no one publishes a number for it.
What is the average rent in Oakville and Burlington right now?
The newest hard numbers come from TRREB’s Rental Market Report for the second quarter of 2026 (April to June). That report counts leases signed through the TRREB MLS system. When I checked TRREB’s rental page on 5 November 2026, the Q2 report was still the latest one posted, so these are the most recent quarterly figures.
- One-bedroom condo: $2,178 a month in Oakville and $2,159 in Burlington.
- Two-bedroom condo: $2,923 in Oakville and $2,785 in Burlington.
- Three-bedroom townhouse: $3,475 in Oakville and $3,328 in Burlington.
For comparison, the average across all TRREB areas was $2,273 for a one-bedroom condo and $3,013 for a two-bedroom. So both cities sit a little below the GTA average for condos. Oakville is the slightly pricier of the two, mostly for larger units.
These are averages of leases that were actually signed, not asking rents. That matters. A listing price is a hope. A lease is what someone agreed to pay.
How much is a condo rental in Oakville and Burlington?
Condo apartments are the biggest part of the rental market in both cities. Oakville had 549 condo apartment leases in Q2 2026 and Burlington had 377. Here is how the rents break down.
| Condo apartment, Q2 2026 | Oakville | Burlington | All TRREB areas |
|---|---|---|---|
| One-bedroom (average lease) | $2,178 (339 leases) | $2,159 (217 leases) | $2,273 |
| Two-bedroom (average lease) | $2,923 (196 leases) | $2,785 (154 leases) | $3,013 |
| Three-bedroom (average lease) | $3,133 (13 leases) | Too few leases to use | $3,779 |
| Units listed for rent in the quarter | 713 | 488 | 27,844 |
Source: TRREB Rental Market Report, Q2 2026 (average lease rates, condominium apartments). Bachelor units and Burlington three-bedrooms had fewer than five leases and are left out.
Two points to take from this. First, the gap between the cities is small for one-bedrooms, about $19 a month. It widens for two-bedrooms, where Oakville averaged $138 more. Second, there were more listings than leases in both cities. Oakville listed 713 units and leased 549. When supply runs ahead of demand, renters have more choice and more room to ask for a better deal.
Across the GTA, TRREB reported that average one-bedroom condo rents were down 2.3% from a year earlier and two-bedroom rents were down 1.7%.
How much does a townhouse rent for in Oakville and Burlington?
Townhouses are the closest thing to a family house that the data covers well. TRREB’s Q2 2026 report counted 95 townhouse leases in Oakville and 59 in Burlington.
- Two-bedroom townhouse: $2,666 in Oakville (66 leases) and $2,749 in Burlington (25 leases).
- Three-bedroom townhouse: $3,475 in Oakville (28 leases) and $3,328 in Burlington (29 leases).
Notice that a two-bedroom townhouse in Oakville averaged less than a two-bedroom condo there ($2,666 against $2,923). Part of the gap is what comes with the unit: parking, a locker, building amenities and who pays utilities. Always compare what is included, not just the monthly figure.
What do purpose-built rental apartments cost in Oakville and Burlington?
Purpose-built rentals are apartment buildings built to be rented, usually owned by one landlord. CMHC surveys them every October. Its numbers run lower than TRREB’s because they include long-time tenants whose rent has only gone up by the guideline each year.
| Purpose-built apartments, Oct 2025 | Oakville | Burlington |
|---|---|---|
| One-bedroom (all units) | $1,915 | $1,749 |
| Two-bedroom (all units) | $2,337 | $2,057 |
| Three-bedroom or more | $2,439 | $2,411 |
| Two-bedroom, vacant units only | $2,612 | $2,447 |
| Vacancy rate, all units | 3.3% (low-quality estimate) | 2.0% |
Source: CMHC Rental Market Survey, October 2025 (Toronto CMA zone 23 Oakville; Hamilton CMA zone 8 Burlington). CMHC flags the Oakville vacancy estimate as poor quality, so use it with caution.
The vacant-unit row is the useful one for a new renter. In Burlington, a vacant two-bedroom averaged $2,447 against $2,052 for occupied ones. That gap of almost $400 is the price of moving. If you already have an older lease, staying put is often the cheapest choice you can make.
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How much does it cost to rent a house in Oakville or Burlington?
Here is the honest answer: no public report publishes an average rent for detached houses by city. TRREB’s rental report covers condo apartments and townhouses only. CMHC surveys apartments and rental townhouses, not single houses. If you see a single “average house rent” for Oakville online, ask where it came from.
You can still build a sound estimate:
- Start from the three-bedroom townhouse average ($3,475 in Oakville, $3,328 in Burlington). A detached house with similar bedrooms usually needs to rent above this, because it offers more space, a yard and more privacy. That is my experience from leasing files, not a published figure.
- Pull leased comparables. A licensed agent can search the MLS for houses actually leased nearby in the last few months, with the same bedroom count and parking.
- Adjust for what is included. Who pays utilities, lawn care and snow removal can easily move the real cost by a few hundred dollars a month.
For owners thinking about renting out a house instead of selling, the value side matters too. From January to October 2026, the median detached house sold for $1,625,000 in Oakville and $1,249,750 in Burlington (TRREB MLS data via REALM). Rent rarely covers the carrying cost of a house bought at those prices, which is why most rental supply here is condos.
What does a basement apartment rent for in Oakville or Burlington?
No official source publishes basement rents for these cities. TRREB does not separate them, and CMHC’s survey does not cover them. liv.rent includes basement suites in its listing data, but its October 2026 report gave only one city figure: an unfurnished one-bedroom asking rent of $2,133 in Oakville and $2,106 in Burlington, across all rental types.
How to price one fairly:
- Use the condo one-bedroom average as a ceiling check. A one-bedroom basement unit with a shared yard and no amenities is competing against $2,159 to $2,178 condos with elevators, gyms and newer finishes.
- Use the purpose-built one-bedroom figure as a floor check. CMHC put occupied one-bedrooms at $1,915 in Oakville and $1,749 in Burlington in October 2025.
- Adjust for light, ceiling height and a separate entrance. These drive basement rents more than location within the city.
One more thing for tenants: ask whether the unit is a legal second unit. A legal unit has passed building and fire inspections. If it has not, your safety and your landlord’s insurance may both be at risk.
Should an Oakville or Burlington owner rent out or sell in 2027?
A quick way to test it is the gross rent-to-price ratio: one year of rent divided by the home’s value. It ignores costs, so the real return is always lower.
- Condo apartment: the median condo apartment sold for $528,000 in Oakville and $529,950 in Burlington (January to October 2026). At the one-bedroom lease average, that works out to about 4.9% to 5.0% gross a year.
- Freehold townhouse: medians of $1,005,000 in Oakville and $860,000 in Burlington. At the three-bedroom townhouse lease average, that is roughly 4.1% gross in Oakville and 4.6% in Burlington.
Those medians mix unit sizes, so treat these as rough. Then subtract condo fees, property tax, insurance, repairs, vacancy and mortgage interest. With the Bank of Canada’s policy rate at 2.50% after the 28 October 2026 hike and prime at 4.70%, many leveraged owners will find the numbers tight. If you want to see both sides, my guide to renting or buying in the GTA in 2027 walks through the full comparison, and how rental income is taxed covers what the Canada Revenue Agency takes.
Will rents in Oakville and Burlington go up or down in 2027?
Nobody can promise either. Here is what the sources said as of November 2026.
- Asking rents have been falling. Rentals.ca and Urbanation reported a national average asking rent of $2,034 in September 2026, down 4.2% from a year earlier, with Ontario down 4.8%.
- TRREB expected conditions to favour renters in the near term, but noted that leases were growing faster than listings in Q2 2026, which could tighten the market over time.
- Rent control caps increases for many sitting tenants. Ontario’s guideline is 1.9% for increases taking effect in 2027. My post on the 2027 rent increase guideline explains who it covers.
My own view, and it is only a view: I expect 2027 lease rates in both cities to stay close to 2026 levels unless new condo completions slow sharply. I would not plan around big rent jumps in either direction.
Units first occupied for residential use after 15 November 2018 are exempt from the rent increase guideline. That includes many newer Oakville and Burlington condos and most newer basement apartments. Your landlord still needs 12 months between increases and 90 days’ written notice, but there is no cap on the amount. Ask for the first-occupancy date before you sign.
How do you get a fair rent in Oakville or Burlington?
For tenants, the best leverage in this market is information. Compare at least three leased units with the same bedroom count, not three listings. Ask what is included. Ask how long the unit has been on the market. A unit listed for more than a few weeks usually has room to move.
For landlords, price off leased averages and get the unit filled. An empty month costs about 8% of a year’s rent. Screen carefully instead of holding out for top dollar. My guide on how to find and screen tenants in Ontario covers what you can and cannot ask.
Use TRREB’s leased averages as your anchor, CMHC’s vacant-unit numbers as a sanity check, and ignore any “average house rent” that does not name its source. In late 2026, renters in Oakville and Burlington have more choice than they did two years ago. If you are a landlord, a fair price and a well-screened tenant beat a higher price and an empty unit.
What to do next
- Decide your bedroom count and home type, then note the matching TRREB Q2 2026 average from the tables above.
- Ask for leased comparables, not listings, for your street or building from the last three to six months.
- Before signing, confirm the unit’s first-occupancy date so you know whether the 1.9% guideline applies.
- If you own and are weighing renting against selling, get a current value for your home and compare it with the rent it would earn.
- Check TRREB’s rental page in early 2027 for the Q3 and Q4 2026 reports before you set a final number.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
What is the average rent for a 1-bedroom in Oakville?
A one-bedroom condo in Oakville leased for an average of $2,178 a month in Q2 2026, based on 339 leases in TRREB’s Rental Market Report. Older purpose-built apartments were lower, at $1,915 in CMHC’s October 2025 survey. liv.rent put the asking rent for an unfurnished one-bedroom across all rental types at $2,133 in October 2026. Expect 2027 rents to start near these figures.
What is the average rent in Burlington, Ontario?
In Burlington, a one-bedroom condo leased for about $2,159 a month and a two-bedroom for $2,785 in Q2 2026, according to TRREB. Three-bedroom townhouses averaged $3,328. CMHC’s October 2025 survey put purpose-built apartments at $1,982 on average across all sizes. These are the latest published figures to use as a 2027 starting point.
How much is a 2-bedroom condo for rent in Oakville?
A two-bedroom condo in Oakville averaged $2,923 a month in Q2 2026, based on 196 leases reported by TRREB. That is about $90 below the average for all TRREB areas. Purpose-built two-bedroom apartments were cheaper, at $2,337 for all units and $2,612 for vacant units in CMHC’s October 2025 survey. Parking and utilities can change the true cost.
How much does it cost to rent a house in Oakville?
No public report gives an average rent for detached houses in Oakville. TRREB and CMHC publish condo, apartment and townhouse rents only. The best published guide is the three-bedroom townhouse average of $3,475 a month in Q2 2026. A detached house usually needs to rent above that. Ask an agent for recent leased houses with the same bedrooms and parking.
How much is a basement apartment in Burlington?
No official source publishes basement apartment rents for Burlington in 2026. A fair range sits between CMHC’s occupied one-bedroom average of $1,749 (October 2025) and TRREB’s one-bedroom condo lease average of $2,159 (Q2 2026). Light, ceiling height, a private entrance and whether the unit is legally registered all move the price within that range.
Is rent cheaper in Burlington or Oakville?
Burlington is slightly cheaper for most rentals. In Q2 2026, a two-bedroom condo averaged $2,785 in Burlington against $2,923 in Oakville, and a three-bedroom townhouse $3,328 against $3,475. One-bedroom condos were almost the same, about $2,159 and $2,178. Purpose-built apartments showed a bigger gap in CMHC’s October 2025 survey, averaging $1,982 in Burlington and $2,205 in Oakville.
Are rents going down in Oakville and Burlington in 2027?
Rents were edging down in 2026, but no one can promise the trend continues into 2027. Rentals.ca and Urbanation reported Ontario asking rents down 4.8% year over year in September 2026. TRREB said GTA one-bedroom condo rents were down 2.3% in Q2 2026 and expected conditions to keep favouring renters in the near term. Treat any 2027 forecast with caution.
How much can a landlord raise rent in Oakville in 2027?
For most rent-controlled units in Oakville, the maximum increase in 2027 is 1.9%, Ontario’s guideline for that year. The landlord must wait 12 months between increases and give 90 days’ written notice. Units first occupied after 15 November 2018, including many newer condos and basement suites, are exempt from the cap. Larger increases need Landlord and Tenant Board approval.
What is the rental vacancy rate in Oakville and Burlington?
CMHC’s October 2025 survey put the purpose-built apartment vacancy rate at 2.0% in Burlington and 3.3% in Oakville. CMHC rates the Oakville estimate as poor quality, so use it with caution. Across Halton Region the rate was 2.5%. These figures cover purpose-built rentals only, not condos or houses rented by individual owners.
Sources
- TRREB Rental Market Report, Q2 2026 (PDF)
- TRREB: Rental Market Report page (latest report listed, checked 5 November 2026)
- CMHC Rental Market Report data tables, Toronto CMA 2025 (Oakville zone, Halton Region)
- CMHC Rental Market Report data tables, Hamilton CMA 2025 (Burlington zone)
- BNN Bloomberg / Canadian Press: Average asking rents fall 4.2% in September (Rentals.ca and Urbanation), 7 October 2026
- liv.rent: October 2026 Ontario rent report
- Government of Ontario: Residential rent increases
Related reading
- Can My Landlord Enter Without Notice in Ontario?
- Can a Landlord Evict You Without Going to the LTB in Ontario?
- Can My Landlord Raise the Rent Every Year in Ontario? 2027 Rules
- Can a Landlord Put Security Cameras in or Outside a Rental in Ontario?
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.