top 5 canadian cities with affordable rent

Top 5 Canadian Cities with Affordable Rent in 2022

According to the latest studies conducted by Zumper’s Canadian Rental Report, the Canadian cities with the cheapest rent in Canada range from $600 to $700 per month. Certainly, these rents may be more affordable than in other Canadian cities, however, they are relatively expensive compared to other countries. So, if you’re thinking to move to Canada permanently, here’s the list of the top 5 Canadian cities with affordable rent. Although always remember that the cost of living may vary depending upon your lifestyle choices.

John’s, Newfoundland

This is always being a top nominee when selecting a city with affordable rent. The average rent for a one-bedroom apartment would cost somewhere around $590 per month, which is pretty much below the national average of $880. If you’re planning to settle in Canada and looking for an affordable city to start your new journey with then St. John’s should be your choice. However, just keep yourself prepared for the colder-than-average winters!

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Regina, Saskatchewan

It is again celebrated as one of the most affordable cities in Canada. According to a recent survey, the average rent for a one-bedroom apartment in Regina will cost around $930 per month. This is drastically cheaper than other major cities such as Toronto and Vancouver. It has a low cost of living, thus making it a perfect abode for affordable living.

Edmonton, Alberta

This city is located in the province of Alberta. It is known for the cheapest rent in Canada. The average rent for a one-bedroom apartment was around $940 per month. This is much cheaper than the average rent in Toronto, which is around $1350 per month. Also, the cost of living in this city is comparatively low. So, if you’re planning a big move then Edmonton will be the right choice as the city has a strong economy and affordable living.

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Quebec City, Quebec

Quebec City is the capital of Quebec. This city is known for its rich culture, architecture, and history. Quebec City is known for its affordability. The latest studies by RentCafe suggest that it offers affordable rent in Canada. The average rent for a one-bedroom apartment in Quebec City is only $960 per month. It’s an excellent option for everyone who is looking for the cheapest place to live in.

Winnipeg, Manitoba

It is one of Canada’s affordable places to rent. The average rent for a one-bedroom apartment in Winnipeg is $1060 per month. While the two-bedroom apartment is $830 per month. Winnipeg is one of Canada’s cheapest places. It has a robust economy and a low unemployment rate with a GDP growth average of 2.5% over the last five years. The unemployment rate was 4.5% as recorded in 2019. This makes the city an ideal place to live and work.

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