Vimal Sivakumar - 29 November, 2023
Based on data from the most recent Rent Report by Rentals.ca, the following will list the cheapest and most expensive cities for renters according to the average cost of a one-bedroom and two-bedroom apartment in November 2023.
Note: The full report lists the average rental costs for 35 cities across Canada
The five most expensive cities to rent a property in
As expected, all five of the cities on this list are located in larger Canadian provinces such as Ontario (ON) and British Columbia (BC). In fact, 23 of Canada's 25 most expensive rental markets were located in these two provinces (14 in ON and nine in BC). The top five are as follows:
Vancouver, BC
1-bedroom: $2,872
2-bedroom: $3,777
Burnaby, BC
1-bedroom: $2,647
2-bedroom: $3,341
Toronto, ON
1-bedroom: $2,607
2-bedroom: $3,424
Oakville, ON
1-bedroom: $2,524
2-bedroom: $3,337
Mississauga, ON
1-bedroom: $2,352
2-bedroom: $2,851
The five least expensive cities to rent a property in
On the other hand, Canada's five least expensive cities by average rent were all located in the country's prairie provinces, Saskachewan (SK), Alberta (AB) and Manitoba (MB). Specifically , the five cheapest cities to rent in Canada, according to the latest rent report, were:
Saskatoon, SK
1-bedroom: $1,109
2-bedroom: $1,340
Regina, SK
1-bedroom: $1,191
2-bedroom: $1,405
Fort McMurray, AB
1-bedroom: $1,226
2-bedroom: $1,478
Red Deer, AB
1-bedroom: $1,249
2-bedroom: $1,464
Winnipeg, MB
1-bedroom: $1,282
2-bedroom: $1,692
To learn more about the results of the latest rent report, click here. Also, to learn more about renting a home in Canada, visit this dedicated webpage.
Complete our FREE Assessment form to see if you are eligible to immigrate to Canada
