Oakville renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Oakville is about $1,053 per month. This puts it in the 93rd percentile compared to the state average cost of rent, which is $952. Households in Oakville have a median income of $7,862 per month so the average renter in Oakville is spending roughly 13% of their earnings on housing.
Nationally, and in Oakville, home values are the data point most closely correlated with the cost of rent. The median price of a home in Oakville is $254,213 right now, which is higher than nearby cities, meaning that rents in Oakville also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Oakville while lower rent rates are often available in central areas.
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