Oakville Condos for Rent

Where are Oakville's condo rentals?

Oakville's rental condos follow its newest buildings. The largest share is in Joshua Meadows, north of Dundas Street and east of Trafalgar Road, where towers such as Oakvillage, North Oak and Upper West Side have many investor-owned suites. Glenorchy, across Trafalgar Road, has Mattamy's mid-rise buildings, and Westmount has the condos on Old Bronte Road near Oakville Trafalgar Memorial Hospital. For lakeside living, Bronte and Old Oakville have older, smaller buildings close to the water and village shops, and River Oaks has the Oak Park condos by the Uptown Core.

Which rental should you choose: new tower or older building?

New buildings offer modern suites, amenity floors and, often, in-suite laundry and parking, but units first occupied after November 15, 2018 are exempt from Ontario's rent increase guideline, so the landlord can raise the rent by any amount at renewal, with proper notice. Older buildings are covered by the guideline, which caps yearly increases for sitting tenants, and their suites are often larger, although finishes and amenities vary. Ask the landlord when the unit was first occupied, and read the province's rent increase rules so you know what to expect after the first year.

What do you need to rent a condo in Oakville?

Landlords typically ask for a rental application, a credit report, proof of income such as an employment letter and recent pay stubs, and references. Most private residential leases in Ontario must use the province's standard lease form. A landlord can ask for a rent deposit of no more than one month's rent, which is applied to your last month, and a refundable key deposit, but not a damage deposit. Rent can only go up once every twelve months, with ninety days' written notice. Disputes go to the Landlord and Tenant Board.

What changes when you rent in a condo building?

As a tenant in a condo, you're bound by the corporation's declaration, by-laws and rules, which can cover pets, noise, move-in booking, parking and amenity use, so ask for a copy before you sign. Your landlord has to tell the corporation about the lease, and many buildings require a move-in booking and an elevator deposit. Confirm what the rent includes: newer buildings usually bill hydro separately, and sometimes water, while older ones often include heat and water. Ask whether parking, a locker and internet are included, and get tenant insurance, which most leases and buildings require.

Where else should you look?

If you'd like more space, see Oakville townhouses for rent. If you're thinking about buying instead, Oakville condos for sale and our first-time buyer's guide are good starting points. To compare with nearby cities, see Mississauga condos for rent and Burlington condos. The landlord often pays the leasing commission, so I can usually help tenants shortlist and apply at no cost to them; get in touch if you'd like help.