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Search for  real estate by price, bedroom, or property type. View all the latest MLS® listings.
Market Overview
The market for properties for rent in Observatory offers a strong mix of choice and convenience for people who want to be close to everyday essentials while still having a range of property styles to consider. Right now, there are 7 active listings, giving renters a useful snapshot of what’s currently available and how quickly options can change. Across these listings, the average price is $2,519, and the average time on market is 67 days, which can help set expectations around how fast well-positioned rentals may be claimed.
Recent movement in pricing is reflected in -6.7%, a helpful indicator of whether the market is trending upward or easing compared to the prior period. For anyone comparing neighbourhoods, these metrics provide a practical starting point: selection (inventory), typical cost (average price), and pace (days on market). Taken together, they frame Observatory as a place where timing, budget, and preferred features all play an important role in finding the right fit.
Browse Listings
Explore 7 available properties for rent in Observatory to get a clear view of current options, from functional layouts designed for efficient living to larger spaces suited for households that want room to spread out. Inventory can include a variety of building styles and settings, helping renters narrow their search by the features that matter most—such as floor plan, natural light, storage, parking availability, or outdoor space.
Whether visitors are relocating, upsizing, or simply comparing opportunities, browsing listings for rent makes it easier to spot patterns in pricing and value. Filtering by properties, 3+-bedroom, or other preferences can quickly turn a broad search into a shortlist, especially in a market where desirable properties may move quickly.
Pricing Insights
Pricing for properties for rent in Observatory typically reflects a combination of location, property condition, included features, and the overall balance of supply and demand. The average price is $2,519, which can be used as a benchmark when comparing individual listings—especially when weighing trade-offs like size, finishes, building amenities, or proximity to transit. Looking at value through another lens, the average price per square foot is $4, which can help compare different layouts and property types more evenly. For additional context, the average size is 655 sqft, which can help renters estimate what they may receive at different price points and identify listings that offer strong space-to-cost value. Reviewing these indicators together—average price, price per square foot, and range—can make it easier to recognize a fair opportunity and act with confidence.
Average Prices by Bedroom
Bedrooms Avg. Price Listings 1+Den $2,250 1 2 Beds $2,800 3 2+Den $2,880 1 3+ Beds $2,050 2 Living in the Area
Living in Observatory often appeals to residents who want day-to-day convenience alongside a distinct neighbourhood feel. The area’s character can vary from quieter residential pockets to more active corridors, offering choices that suit different lifestyles—whether that means a calmer setting to unwind or a location that keeps daily errands and activities within easy reach. Many renters are drawn to neighbourhoods like this for the balance between comfort and connectivity, where routines can feel simpler and commutes can be more predictable.
Walkability can be an important factor for renters, and the general experience of moving around the area is shaped by how close homes are to shopping, services, and public transit. Even for those who drive, having a practical mix of nearby options tends to reduce time spent on errands and adds flexibility to busy schedules. The community atmosphere also matters: renters often look for places where streets feel welcoming, daily interactions are easy, and there’s a sense of local identity.
For people comparing properties and layouts, lifestyle considerations often go beyond the unit itself. Noise levels, building type, and the overall pace of the surrounding blocks can influence comfort just as much as square footage. By combining a realistic budget with a clear wish list—such as space needs, preferred level of activity nearby, and desired commute options—renters can identify which listings align best with how they want to live in Observatory.
Market Trends
To better understand how pricing and activity are shifting over time, the table below highlights key market trend comparisons for properties for rent in Observatory.
Market Trends
Period Avg. Price Listings Avg. DOM Current $2,519 7 67 days Last 12 Months $2,726 58 24 days Last 90 Days $2,579 25 26 days What's Nearby
Access to transit and everyday conveniences can be a major advantage when choosing a rental in Observatory. Commuters and frequent travellers may appreciate being close to 16TH AV / ELM AV, located 555.37609820453, which can make it easier to plan trips and reduce reliance on driving. For daily needs, shopping is supported by nearby options such as Enzo's No Frills, helping residents fit errands into a busy routine without long detours. For a quick break or a casual meeting, Country Style provides a nearby coffee option.
Frequently Asked Questions
What is the average price of properties for rent in Observatory?
The average price of current properties for rent in Observatory is $2,519.
How many properties for rent are available right now in Observatory?
There are 7 active listings at the moment. Inventory levels can change quickly, so checking back often or refining the search by properties and 3+-bedroom can help visitors focus on the most relevant opportunities.
How long do rentals typically stay on the market in Observatory?
On average, listings spend 67 days on the market. Faster-moving properties are often those that are well-priced relative to $2,519, offer desirable layouts, or match common needs such as location, transit access, or included utilities.
How can renters compare value between different listings in Observatory?
A practical approach is to consider both the average price ($2,519) and the average price per square foot ($4), then compare those benchmarks to a listing’s size and features.
Some good places to grab a bite are Pardis Restaurant, Nakwon Restaurant or Taftan Kebab. Venture a little further for a meal at one of the neighbourhood's restaurants. If you love coffee, you're not too far from Country Style located at 350 16th Ave. For groceries there is Enzo's No Frills which is a 6-minute walk.
If you are looking for transit, don't fear, there is a Bus Stop (16TH AV / ELM AV) a 5-minute walk.
