Short-Term vs. Long-Term Rentals: The Best Choice for Ottawa Investors

Andrew Youssef
25.05.25 12:06 AM - Comment(s)

Making the Right Move: Deciding Between Short and Long-Term Rentals

When looking for a rental property in Ottawa, one of the first decisions you'll need to make is whether to go with a short-term or long-term rental. Each option offers unique benefits, depending on your lifestyle, financial goals, and future plans. At Ottawa Prime Properties, we help renters and landlords make informed choices based on their specific needs. Here's a breakdown to help you decide which rental path is right for you.

Understanding the Difference

Short-Term Rentals
Typically lasting from a few days to a few months, short-term rentals offer maximum flexibility. These are often fully furnished and include utilities, making them ideal for people in transition—such as students, professionals on work assignments, or newcomers to Ottawa.

Long-Term Rentals
These usually span a minimum of one year and often come unfurnished. Long-term leases are ideal for individuals or families seeking stability, consistent monthly expenses, and a permanent base.

Pros and Cons for Renters

Short-Term Rentals

Pros:

  • Greater flexibility to move as needed

  • No long-term commitment

  • Often fully furnished and move-in ready

  • Utilities typically included in rent

Cons:

  • Higher monthly cost compared to long-term leases

  • Limited availability in some areas

  • May lack the feel of a long-term “home”

Best For:
Relocating professionals, digital nomads, tourists, international students, and people undergoing life transitions.

Long-Term Rentals

Pros:

  • Lower monthly rates compared to short-term options

  • Greater housing stability

  • Opportunity to personalize your living space

  • Builds rental history and credit

Cons:

  • Less flexibility to move

  • Usually unfurnished

  • Utilities may not be included

Best For:
Families, permanent residents, full-time students, and professionals seeking stability in Ottawa.

Pros and Cons for Landlords

Short-Term Rentals

Pros:

  • Potential for higher income

  • Flexibility to use the property personally between stays

  • Easier to adjust pricing seasonally

Cons:

  • Higher turnover means more management and maintenance

  • Requires furnishing and frequent cleaning

  • Regulatory restrictions may apply in some areas

Long-Term Rentals

Pros:

  • Consistent monthly income

  • Lower turnover and fewer vacancies

  • Less frequent property management needed

Cons:

  • Less flexibility to access the property

  • Risk of tenant disputes or late payments

What’s Trending in Ottawa?

In Ottawa, both rental types are in demand—but in different contexts:

  • Downtown and Central Areas: Short-term rentals perform well due to proximity to tourist attractions, government buildings, and universities.

  • Suburban and Family-Oriented Neighborhoods: Long-term rentals remain the dominant choice, especially for families and professionals seeking space and value.

  • Student Hotspots: Areas around Carleton University and uOttawa often see a mix, with students preferring long-term leases during the academic year and landlords opting for short-term strategies in the summer.

Making the Right Decision

Here are a few questions to guide your choice:

As a Renter:

  • How long do you plan to stay in Ottawa?

  • Do you need flexibility, or is stability more important?

  • Are you prepared to furnish your own space?

As a Landlord:

  • Do you want a passive, stable income or higher, more active revenue?

  • Do you have the time and resources to manage short-term tenants?

  • Is your property located in a high-demand area for tourism or business?

Andrew Youssef