With rental prices surging in major metro areas like Toronto and Vancouver, many Canadians are seeking affordable alternatives. Fortunately, several cities across the country still offer below-average rental rates — even as inflation continues to pressure housing markets. This updated cheapest cities to rent Canada 2025 list highlights where tenants can save the most as of mid-year.
Whether you’re a student, newcomer, or looking to downsize, these 5 cities are offering significant cost-of-living relief.
Why Are Rental Prices Still Rising in Canada?
Canada’s housing supply continues to lag behind demand. Factors driving up rent in most major cities include:
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Population growth from immigration
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High mortgage rates pushing people to rent instead of buy
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Limited new construction and zoning delays
However, not all cities are seeing the same levels of strain. Some have kept housing affordable due to stable local economies, declining population growth, or increased rental supply.
Top 5 Cheapest Cities to Rent in Canada (2025)
Here are the most affordable cities to rent in Canada 2025, based on updated listings, CMHC data, and rental site averages:
| City | Average 1-Bedroom Rent | Notes |
|---|---|---|
| Sherbrooke, QC | $875/month | Strong student housing supply |
| Saskatoon, SK | $950/month | Low population pressure |
| Moncton, NB | $980/month | Good availability, low cost of living |
| Regina, SK | $995/month | Rent decline since early 2024 |
| Saint John, NB | $1,000/month | Smaller market, steady pricing |
These averages are for unfurnished one-bedroom apartments in city centres and surrounding neighbourhoods.
What Makes These Cities Affordable?
The key traits of Canada’s cheapest rental markets include:
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Lower demand compared to immigration hubs
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Stable job markets with moderate growth
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Incentives for landlords to build multi-family housing
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Lower overall cost of living
In cities like Sherbrooke or Moncton, the availability of college and university housing also helps ease private rental prices.
Tips for Finding Low-Rent Housing in 2025
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Use multiple platforms: PadMapper, Rentals.ca, Kijiji, and Facebook Marketplace
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Expand your search to nearby suburbs
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Apply early in the month when listings are updated
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Ask about utilities included and rent control laws
As interest in affordable rentals increases, acting quickly and preparing solid references can improve your chances.
FAQs
What is the cheapest city to rent in Canada in 2025?
Sherbrooke, QC currently ranks as the cheapest city, with average rents under $900/month.
Are rent prices going down in Canada?
In some smaller cities, yes. Larger cities like Toronto and Vancouver are still seeing increases.
Is it cheaper to rent in Atlantic Canada?
Yes, cities like Moncton and Saint John are more affordable than Ontario or BC counterparts.
Are there government subsidies for renters?
Yes, some provinces offer housing supplements for low-income earners and students.
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