Looking to save money on rent? Well, according to the experts at Rentals.ca, the cheapest big cities in Canada for renting are a good place to start your search.
The Canadian rental platform has released its National Rent Report for May 2023.
Not only does it show which of Canada’s major cities have the most expensive rent, but also the ones with the most affordable prices.
Paul Danison of Rentals.ca told Curiocity that cities in the Prairie provinces tend to have cheaper prices compared to the rest of Canada.
However, some cities in Quebec — namely Laval and Quebec City — also offer more affordable prices on rent.
The larger Canadian cities that offer the lowest prices on rent are Grand Prairie and Lloydminster, where the average cost of a one-bedroom is $1,010 and $811 per month, respectively.
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According to Danison, here are the cheapest big cities in Canada for renting, and their average prices in May 2023:
- Laval, QC — $1,566 per month for one bedroom / $2,058 per month for two bedroom
- Winnipeg, MB — $1,293 per month for one bedroom / $1,617 per month for two bedroom
- Quebec City, QC — $1,223 per month for one bedroom / $1,527 per month for two bedroom
- Lethbridge, AB — $1,178 per month for one bedroom / $1,335 per month for two bedroom
- Edmonton, AB — $1,163 per month for one bedroom / $1,489 per month for two bedroom
- Red Deer, AB — $1,151 per month for one bedroom / $1,334 per month for two bedroom
- Saskatoon, SK — $1,121 per month for one bedroom / $1,235 per month for two bedroom
- Regina, SK — $1,091 per month for one bedroom / $1,328 per month for two bedroom
- Grand Prairie, AB — $1,010 per month for one bedroom / $1,184 per month for two bedroom
- Lloydminster, AB — $811 per month for one bedroom / $933 per month for two bedroom
So, if cheap rent is what you’re after, you’ll have to say goodbye to Ontario and BC.
It looks like the Prairies and Quebec are where it’s at!
