When it comes to choosing a place to rent in the Greater Toronto Area (GTA), two cities often rise to the top of the list: Oakville and Mississauga. Both are vibrant communities with plenty to offer, but they cater to slightly different lifestyles and budgets. So, which one is the better place to rent? Let’s break it down.

Cost of Rent

Oakville: The average rent here tends to be on the higher side. A one-bedroom apartment averages around $2,249, and larger homes or condos climb much higher. Oakville’s reputation as an affluent suburb makes it pricier overall.

Mississauga: Generally more affordable compared to Oakville, though it still isn’t cheap. With more condo developments and rental supply, Mississauga offers a range of price points depending on the neighborhood.

Although the rental prices differ based on a variety of factors, Mississauga tend to have slightly lower prices for a comparable unit. It is important to note that the prices could vary significantly depending on the location.

Cost of Living Beyond Rent

Living costs go beyond monthly rent, and that’s where Oakville can also feel pricier.

• Oakville: Groceries, utilities, and services tend to run slightly higher, reflecting the city’s upscale profile.
• Mississauga: Offers more variety and competition in services, making it easier to find budget-friendly options.

Mississauga is generally easier on the wallet for day-to-day expenses. This is likely due to marginally higher cost for services and food in Oakville.

Lifestyle & Neighborhood Feel

This is where the two cities really show their personalities.

• Oakville: Known for its quiet, suburban charm. There’s more green space, scenic lakefront areas, and an overall upscale, family-friendly vibe. Perfect for those who enjoy peace and community living.
• Mississauga: Offers more variety — from bustling city-like neighborhoods to quieter suburban pockets. It’s diverse, dynamic, and filled with cultural events, shopping centers, and restaurants.

Oakville is ideal if you crave tranquility; Mississauga is better if you thrive in a lively, diverse setting and if you want to be close to a variety of businesses and job opportunities.

Transit & Commuting

Commute times can make or break your rental choice.

• Oakville: Served by GO Transit and local buses. While it’s well-connected to downtown Toronto, the options are fewer than Mississauga. Driving is often easier here, though traffic on the QEW can be a headache during peak hours.
• Mississauga: Offers stronger transit connectivity through MiWay, GO Transit, and close proximity to multiple highways. Many neighborhoods are closer to Toronto, making commutes shorter.

In general, Mississauga has a stronger advantage for commuters. If you work in Toronto and having to commute to Toronto downtown on a daily basis, then renting in Oakville might be a preferred choice for you since almost all neighbourhoods in Oakville are connected to Metrolinx’s Lakeshore West train line which offers throughout the day and weekend connectivity to Toronto Union station.

Schools & Family-Friendly Factors

For families with children, school quality and safety are crucial.

• Oakville: Consistently ranks as one of the best in Ontario for public schools. Families often choose Oakville specifically for its education options and safe neighborhoods.
• Mississauga: Also offers great schools, but quality can vary depending on the neighborhood. Researching school zones becomes essential here.

Oakville stands out for families prioritizing education and safety. Some of the best public schools west of Toronto are located in the city of Oakville. Oakville Trafalgar, Iroquois Ridge, and Abbey Park high schools are a few worth mentioning.

Amenities, Nightlife & Diversity

Both cities offer amenities, but in different flavors.

• Oakville: More limited nightlife but excellent parks, trails, and lakefront dining. Best suited for those who prefer calm evenings and outdoor recreation.
• Mississauga: Brimming with shopping centers like Square One, diverse restaurants, cultural festivals, and a more energetic social scene.

Mississauga wins for variety and nightlife, Oakville wins for outdoor leisure and serenity.

Future Growth & Stability

• Oakville: Known for its stability and prestige, property values hold well over time.
• Mississauga: With ongoing development and rapid growth, there are more rental choices, especially in new high-rise condos.

Oakville offers long-term stability; Mississauga offers more growth and variety.

Which Should You Choose?

The answer depends on your priorities:

• Choose Oakville if you’re looking for a peaceful, upscale, family-friendly environment with top schools and beautiful scenery.
• Choose Mississauga if you prefer more affordable rent, shorter commutes, diverse neighborhoods, and a vibrant lifestyle with lots of amenities.

Both cities are excellent choices — it’s really about whether you value quiet luxury (Oakville) or urban convenience (Mississauga). Also, check out our detailed rental guide for Oakville for a dive deep into renting in the city of Oakville.