Rent prices in Canada

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A Deep Dive into Canada’s Rental Market: Top Cities and Trends

The Canadian rental market is a mosaic of diverse cities from various provinces, including British Columbia, Ontario, Quebec, Alberta, Manitoba, and Saskatchewan. Each city offers a unique perspective on the rental market, influenced by factors like location, demand, and cost of living.

On this page you will find the latest statistics about the Canadian renting market and prices for the major cities.

RANKCITY / AREA1 Bedroom apartment2 Bedrooms apartment
1Vancouver, BC$2,945$3.863
2Burnaby, BC$2,578$3,314
3Toronto, ON$2,572$3,301
4Mississauga, ON$2.362$2,821
5Etobicoke, ON$2.263$2.914
6Vaughan, ON$2,250$2.690
7North York. ON$2,226$2.705
8Burlington, ON$2.215$2,575
9Brampton, ON$2.148$2.486
10Scarborough, ON$2.142$2.545
11Victoria. BC$2,071$2.663
12Cambridge, ON$2,011$2,399
13Ottawa, ON$1.995$2,434
14Surrey, BC$1.954$2.449
15Barrie, ON$1.943$2.456
16Kelowna, BC$1.932$2.635
17Kitchener, ON$1,889$2.338
18Hamilton. ON$1.870$2,298
19Oshawa, ON$1.865$2.123
20Halifax. NS$1.806$2.230
21Gatineau, QC$1,768$1.878
22London, ON$1,755$2.087
23St. Catharines, ON$1,712$1.993
24Montreal, @C$1.712$2.180
25Calgary, AB$1.687$2.086
26Kinaston. ON$1.651$1.973
27Laval, QC$1.610$2.052
28Winnipeg, MB$1.300$1.650
29Red Deer, AB$1.249$1,379
30Quebec City, QC$1.219$1.570
31Edmonton. AB$1.196$1.505
32Lethbridge, AB$1.176$1.377
33Saskatoon, SK$1.110$1.245
34Regina, SK$1.096$1.344
35Grande Prairie, AB$1.026$1.168
Average$1.837$2.249
Data source: https://rentals.ca

Canada rent prices: main insights

  • Top Cities for Rent: Vancouver, BC stands out as the city with the highest rent for both 1-bedroom and 2-bedroom apartments, closely followed by Burnaby, BC and Toronto, ON.
  • Provincial Dominance: The provinces of British Columbia (BC) and Ontario (ON) dominate the top 10 spots, with cities like Vancouver, Burnaby, and Toronto leading the charge.
  • Rent Range: Rent for a 1-bedroom apartment varies from a high of $2,945 in Vancouver, BC to a more affordable $1,026 in Grande Prairie, AB. For 2-bedroom apartments, the range spans from $3,863 in Vancouver to $1,168 in Grande Prairie.
  • Average Rent: Across the cities listed, the average rent for a 1-bedroom apartment hovers around $1,850, while a 2-bedroom apartment averages at about $2,400.
  • Quebec and Alberta: Montreal is Quebec’s sole representative in the top 25, with rents of $1,712 for a 1-bedroom and $2,180 for a 2-bedroom apartment. Alberta features cities like Calgary, Red Deer, and Edmonton, with Calgary leading in terms of rent within the province.
  • Most Affordable Cities: Cities like Lethbridge, AB, Saskatoon, SK, Regina, SK, and Grande Prairie, AB offer the most affordable rents for both 1-bedroom and 2-bedroom apartments.
  • Notable Differences: Some cities, such as Vancouver, have a significant rent difference between 1-bedroom and 2-bedroom apartments, while others, like Gatineau, QC, have a much smaller gap.
  • Cities Close in Range: Oshawa, ON and Hamilton, ON, among others, showcase very similar rents, suggesting a potential standard or average rent in those regions.

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