Here Are Canada’s Most & Least Affordable Cities To Rent In Right Now

Bank accounts are taking a SERIOUS hit in some parts of Canada.

Contributor

Rental prices in Canada range from super affordable to wildly pricey and a new report by Rentals.ca has rounded up the average prices in 35 different Canadian cities.

The first on the list and the most expensive is Vancouver, followed by Toronto. In fact, the 10 least affordable cities are all within Ontario and B.C. Here's what it costs on average to rent a one-bedroom apartment in Canada's most expensive cities:

  1. Vancouver, BC: $1,981
  2. Toronto, ON: $1,833
  3. Markham, ON: $1,796
  4. Burlington, ON: $1,772
  5. Mississauga, ON: $1,758*
  6. Etobicoke, ON: $1,734
  7. North York, ON: $1,664
  8. Vaughan, ON: $1,661
  9. Burnaby, BC: $1,659
  10. Richmond, BC: $1,659

When it comes to the lowest rent prices for one-bedrooms in Canada, Red Deer, Alberta came in with the lowest price on the list. Of the cities included, here's how much rent costs in the most affordable places:

  1. Red Deer, AB; $881
  2. St. John's, NL: $894
  3. Saskatoon, SK: $929
  4. Regina, SK: $970
  5. Quebec City, QC: $981
  6. Edmonton, AB: $922
  7. Fort McMurray, AB: $1,062
  8. Winnipeg, MB: $1,168
  9. Calgary, AB: $1,216
  10. London, ON: $1,239

So, who wants to move to Red Deer?

*This article has been updated.

  • Britanny Burr was a Staff Writer at Narcity Canada, who drove growth within Narcity's Western coverage and readership. Having lived between her hometown, Canmore, Alberta and Calgary, Montreal, Vancouver, and NYC over the past 10 years, she is obsessed with finding the best local hot spots. She holds a B.A. in English and has over six years of professional writing experience as Head Writer and Editor for YUL.Buzz in Montreal, and Creative Copywriter at JAKT in NYC. News by day, poetry by night — the written word is Britanny's nearest and dearest.

I moved from Ontario to Alberta and these 6 things cost me way less now

Calgary is WAY cheaper than Ottawa, allow me to explain...💰

You can get up to $717 from Canada's grocery benefit top-up payment this week

Check your bank account or your mailbox for money soon!

7 VIA Rail summer getaways from Toronto that cost less than a tank of gas round-trip

You can explore the province without stopping at the pumps.

Carney says national unity council will study surge in antisemitism

Carney says new council will study antisemitism