According to a recent report by Zumper’s latest Canadian Rental Report, the cities with the cheapest rent in Canada for 2024. Rents in these cities are expected to be around $600, $650, and $1000 monthly.
While these rents may be cheaper than those in other Canadian cities, they are still relatively expensive compared to rents in other countries. So, if you’re looking for an affordable place to live,
You may want to consider moving to one of these cities. Remember that the cost of living can vary depending on your lifestyle choices. But overall, these cities offer some of the cheapest rent in Canada.
Cities With The Cheapest Rent In Canada 2024
10. Laval, Quebec
Laval, a suburb with around 437,000 residents, offers a family-friendly environment combined with the conveniences of city life. Its proximity to Montreal, just a 30-minute commute, makes it an ideal location for those seeking affordable living near a major city. The city’s diverse economic landscape has technology, manufacturing, and retail strengths. The average rent is $1,601, and the average household income is $95,154.
9. Abbotsford, British Columbia
Abbotsford, a city of about 150,000, is celebrated as British Columbia’s Farming Capital. Nestled on the Fraser River, it offers a perfect mix of rural charm and urban amenities. Agriculture plays a significant role in the local economy, influencing the lifestyle and employment landscape. The average rent is $1,594, and the average household income is $88,291.
8. Windsor, Ontario
With around 234,000 residents, Windsor is Canada’s automobile capital near Detroit. Its economy is heavily reliant on manufacturing, particularly in the automotive sector. Windsor’s proximity to the U.S. border adds to its strategic economic importance. The average monthly rent is $1,545, and the average household income is $85,624.
7. Quebec City, Quebec
Quebec City’s population of approximately 558,000 offers a unique blend of history and modernity. As the capital of Quebec, it’s known for its safety, historic architecture, and the charm of Old Quebec, a UNESCO World Heritage Site. This city is perfect for those seeking a European feel in North America. The average monthly rent is $1,288, with an average household income of $96,301
6. Edmonton, Alberta
Edmonton, the capital of Alberta and home to about 981,000 residents, is known for its vibrant cultural scene, hosting over 50 festivals annually. The city’s thriving technology sector, especially in AI, positions it as a future-forward city. Edmonton also boasts diverse economic sectors, including healthcare, education, and retail. The average monthly rent is $1,284, and the average household income is $121,600.
5. Winnipeg, Manitoba
As Manitoba’s capital, Winnipeg, with a population of around 797,000, is a hub for employment, especially in the growing IT sector. Its rich arts, culture, and culinary scenes add to the city’s charm. Winnipeg’s recognition as a top livable city is underscored by its vibrant community life and economic opportunities. The average rent is $1,282, and the average household income is $107,532
4. Red Deer,
Red Deer, Alberta, is located strategically between Calgary and Edmonton. Red Deer’s economy hinges on oil, cattle farming, and agriculture. Its population of approximately 103,000 enjoys urban amenities, but the city’s lack of a university could be a downside for students. The average monthly rent is $1,249, and the average household income is $160,842.
3. Fort McMurray, Alberta
Fort McMurray, a compact city with about 67,000 residents, offers an affordable lifestyle, primarily due to its oil and gas-dominated economy. The city is a key player in Canada’s energy sector, providing lucrative job opportunities and a relatively low cost of living. The average monthly rent is $1,226, while the average household income is an impressive $189,458.
2. Regina, Saskatchewan
Regina, Saskatchewan: Home to around 229,000 people, Regina is a city experiencing rapid growth, backed by a diverse economy spanning manufacturing, agriculture, tourism, and the energy sector. Cultural institutions and a strong educational framework further support its development. The average monthly rent is $1,191, with an average household income of $104,401.
1. Saskatoon, Saskatchewan
With its 273,000 residents, Saskatoon is the cultural and economic hub of central Saskatchewan and a major transit center, connecting people via rail, road, and air. The University of Saskatchewan adds a vibrant educational dimension, making it a cost-effective choice for students. The city’s economy benefits from diverse sectors like education, health, and technology. The average monthly rent is $1,109, and the average household income is $103,445.
Cities With The Cheapest Rent In Canada 2024
- Saskatoon, Saskatchewan
- Regina, Saskatchewan
- Fort McMurray, Alberta
- Red Deer, Alberta
- Winnipeg, Manitoba
- Edmonton, Alberta
- Quebec City, Quebec
- Windsor, Ontario
- Abbotsford, British Columbia
- Laval, Quebec
