How much does it cost to rent a home across Canada?

Looking for your first place or a fresh start in a new city? See how the cost of rent compares in these popular Canadian cities.

By Homicity

Oct 29, 2019

How much does it cost to rent a home across Canada?

So, you’ve asked the question “to buy or not to buy” and decided that maybe you’re not quite ready to buy a home because you prefer freedom and flexibility that comes with renting.


Just like how the cost of buying a home can change drastically across Canada, so can the cost of renting. In Canada, the average rental rate for a one bedroom is $1,409 and $1,777 for a two bedroom (Rentals.ca, October 2019).

 

Whether you’re looking for your first place to live or a fresh start elsewhere, it’s important to know how much it will cost and its top features (MoneySense, 2018). To help you find a home that fits your rent budget and lifestyle, see how these popular Canadian cities compare to one another.


Ottawa, Ontario

National Rent Ranking: #10

Average Rent (One Bedroom): $1,624

Average Rent (Two Bedrooms): $2,056 

Best Places to Live Ranking: #2

Top Features: amenities, low crime, wealth and economy


Toronto, Ontario

National Rent Ranking: #1

Average Rent (One Bedroom): $2,304

Average Rent (Two Bedrooms): $2,908

Best Places to Live Ranking: #16

Top Features: amenities, transit friendly, nice weather

 

Vancouver, British Columbia

National Rent Ranking: #4

Average Rent (One Bedroom): $1,973

Average Rent (Two Bedrooms): $2,768

Best Places to Live Ranking: #88

Top Features: amenities, transit friendly, wealth and economy

 

Montréal, Quebec

National Rent Ranking: #22

Average Rent (One Bedroom): $1,188

Average Rent (Two Bedrooms): $1,608

Best Places to Live Ranking: #241

Top Features: amenities, transit friendly, health accessibility


Calgary, Alberta

National Rent Ranking: #20

Average Rent (One Bedroom): $1,221

Average Rent (Two Bedrooms): $1,432

Best Places to Live Ranking: #30

Top Features: amenities, demographics, transit friendly


St. John’s, Newfoundland and Labrador

National Rent Ranking: #34

Average Rent (One Bedroom): $889

Average Rent (Two Bedrooms): $1,107

Best Places to Live Ranking: #267

Top Features: amenities, health accessibility, arts and community

 

Edmonton, Alberta

National Rent Ranking: #26

Average Rent (One Bedroom): $1,059

Average Rent (Two Bedrooms): $1,293

Best Places to Live Ranking: #68

Top Features: amenities, demographics, transit friendly

 

Hamilton, Ontario

National Rent Ranking: #15

Average Rent (One Bedroom): $1,470

Average Rent (Two Bedrooms): $1,554

Best Places to Live Ranking: #163

Top Features: amenities, health accessibility, arts and community

 

Saskatoon, Saskatchewan

National Rent Ranking: #30

Average Rent (One Bedroom): $993

Average Rent (Two Bedrooms): $1,227

Best Places to Live Ranking: #60

Top Features: amenities, demographics, transit friendly

 

Winnipeg, Manitoba

National Rent Ranking: #23

Average Rent (One Bedroom): $1,169

Average Rent (Two Bedrooms): $1,805

Best Places to Live Ranking: #271

Top Features: amenities, transit friendly, demographics

 

Ready for the next step?

 

Now that you know how much it will cost to rent a one or two bedroom, as well as the three top features in these cities, you’re one step closer to finding your perfect home.

 

Ready to go further? Explore the neighbourhoods in the city and start your search!

 

Don’t see the city you were interested in, check out the full National Rent Rankings and Canada’s Best Places to Live.

Homicity

Homicity helps you find your dream home in the perfect community. Whether you are buying, renting, or selling, you can navigate the Canadian real estate market with confidence with our expert advice, market news, and recommendations powered by AI.

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