Canada Only Has One Major City Where The Average Rent Is Under $1,000 A Month
Finding a place to live isn't always the easiest thing to do. Finding a place that's actually affordable can be even harder. If you're looking for an apartment under $1,000 a month, there's only one major Canadian city where, on average, prices fall under four digits.
According to data from Rentals.ca, Saskatoon is the only major municipality in the country where the average rental price for a condo or apartment is below a grand.
In June 2020, the average monthly rate for those types of units was just $980. That even includes a month-to-month increase of 3%.
Saskatchewan is also home to the number two city for low rents, which is Regina. The average monthly payment for a condo or apartment there is just $1,006.
Anyone who is still paying the average rent of $2,261 in Toronto might be looking at those numbers and thinking they could use more time around wheat.
Despite its low monthly average across the board, however, Saskatoon doesn't actually have the lowest average price for one- or two-bedroom apartments.
That honour goes to Red Deer, Alberta, where you can get a modest one-bedroom for around $870 a month or a two-bedroom for about $963 a month.
Saskatoon has plenty to offer, despite what those low prices might make you think.
For example, you can find perfectly cozy and affordable units in this building for anywhere from $650 to $900 a month, and they even offer flexible leases.
This two-bedroom unit that goes for $1,000 includes laundry, air conditioning, and even an electric fireplace.
If you want to get a lot of bang for your buck, you can rent an entirely new four-bedroom house for just $1,699 a month.
Of course, if you're the kind of person who prefers to be somewhere close to the ocean, you could also consider moving to St. John's, where you can find entire house rentals for just $860 a month.
If you have the kind of job that allows you to work from home, then it might be worth considering moving to a place where the rent is cheap.
You could eventually save enough to buy your own property in the future!