14 Places With Cheap Rent In Canada

December 2, 2022

If you are looking for cities with cheap rent in Canada, you've come to the right place. This blog post will list some of the best places to find affordable housing areas in Canada where rentals are way below the $2,043 national average. This includes places like Rimouski, Quebec, where the average rent is only $512 (a quarter of the national average), and Corner Brook, NL, where rent starts at around $825. So, whether you're a student on a budget or simply looking for a good deal, you'll find a place for you on this list!

Canada is a beautiful country with plenty to offer visitors. Canada has something for everyone, from the stunning Rocky Mountains in the west to the soft rolling hills of Prince Edward Islands (PEI) in the east. In addition to its natural beauty, Canada is also home to a diverse array of cultures and experiences.

There are a number of factors that go into calculating the price of rent for an apartment or house. One of the most important factors is the worth of properties in the area. In general, areas with higher property values will also have higher rents.

Another important factor is the level of demand in the area. If there are more people looking for rentals than there are available units, prices will go up.

Finally, the cost of living in an area can also affect rent. Areas with higher costs of living will often have higher rents to cover these expenses. With all of these factors in mind, let's take a look at some of the cheapest places to rent in Canada.

Cheapest Places To Rent In Canada

CitiesAverage Monthly Rent
Rimouski, Quebec$512
Corner Brook, NL$825
Albertan City of Lloydminster$836
St. John's, NL$905
Sault Ste. Marie, Ontario$918
Moncton, New Brunswick$950
Saint-Georges, Quebec$988
Winnipeg, Manitoba$1,058
Timmins, Ontario$1,100
Sackville, New Brunswick$1,102
Quesnel, British Columbia$1,102
Bécancour, Québec$1,100
Sherbrooke, Quebec$1,113
Montreal, Quebec$1,576

14 Cheap Places To Rent In Canada

#1 Rimouski, Quebec (Average Rent: $512 Per Month)

Rimouski is a small city in eastern Quebec on the Gulf of St. Lawrence. It is a popular tourist destination due to its many beaches and proximity to the Appalachian Mountains. The city is also home to several museums and historic sites.

Several apartments and houses are available for rent, as well as rooming houses and dormitories. The city is served by several bus routes, making it easy to get around. Rimouski also has many grocery stores, banks, and other amenities.

#2 Corner Brook, NL (Average Rent: $825 Per Month)

Nestled in the heart of Newfoundland, this charming city is full of character and has a strong sense of community. Rent prices are very reasonable, and there are plenty of options.

Cheap Places To Rent In Canada

Whether you're looking for an apartment, townhouse, or even a house, you'll be able to find something that fits your budget. There are also a variety of neighbourhoods to choose from, so you can find the perfect place to call home.

Related: Learn all you need to know about real estate investing with the Real Estate Development Talks.

#3 Albertan City Of Lloydminster (Average Rent: $836 Per Month)

Situated on the border of Alberta and Saskatchewan, Lloydminster is a hub for oil and gas production. As a result, there are many job opportunities in the city, making it a great place to live for those looking to start their careers. The cost of living in Lloydminster is also relatively low, and plenty of affordable rental options are available.

#4 St. John's, NL (Average Rent: $905 Per Month)

St. John's, Newfoundland and Labrador is a great option. The province has some of the cheapest rentals in Canada, and St. John's is no exception. The average rent for a one-bedroom apartment in St. John's is just $905 per month. That's far below the national average of $2,043 per month.

And if you're looking for even cheaper options, there are plenty of rooms for rent in shared apartments starting at around $500 per month. So whether you're a student or a working professional, you'll be able to find an affordable place to call home in St. John's.

Related: Properly is a new real estate company that allows Canadian homeowners to move into their new home before selling their old one, removing the stress and expense of lining up dates and showing your home.

#5 Sault Ste. Marie, Ontario (Average Rent: $918 Per Month)

Sault Ste. Marie is a great place to live if you're looking for affordable rent prices. Sault Ste. Marie is also a great place to raise a family, as it offers plenty of amenities and activities for children and adults alike.

Cheap Places To Rent In Canada

Several parks and playgrounds are scattered throughout the city, as well as an indoor pool, a bowling alley, and a variety of shops and restaurants. If you're looking for an affordable place to call home, Sault Ste. Marie should be at the top of your list.

#6 Moncton, New Brunswick (Average Rent: $950 Per Month)

Moncton is a beautiful city located in the province of New Brunswick, Canada. It is the perfect place to live if you are looking for a cheap place to rent. Moncton has a lot to offer in terms of amenities and activities.

There are plenty of parks and green spaces to enjoy, as well as various shops and restaurants. The city also has a lively arts and culture scene and is home to several museums and galleries.

#7 Saint-Georges, Quebec (Average Rent: $988 Per Month)

Saint-Georges is a lovely town in the Beauce region of southern Quebec. With a population of just over 32,935 people, Saint-Georges is the perfect place for those looking for a small-town feel.

The town is home to many quaint shops and restaurants, as well as a variety of parks and trails. Saint-Georges is also home to a number of affordable apartments and houses for rent. So if you're looking for a cheap place to rent in Canada, Saint-Georges should be at the top of your list!

#8 Winnipeg, Manitoba (Average Rent: $1,058 Per Month)

Winnipeg is the capital city of Manitoba and is located in the central part of the province. The city has a population of over 700,000 people and is the sixth-largest city in Canada. Winnipeg is a diverse city with a strong economy and a rich cultural scene.

The cost of living in Winnipeg is relatively low, and many affordable apartments and houses are available. Winnipeg also has various student housing options, including dormitories and shared apartments. Winnipeg is an excellent option for students looking for cheap places to rent.

#9 Timmins, Ontario (Average Rent: $1,100 Per Month)

Canadians looking for an affordable place to rent will find plenty of options in the city of Timmins. Located in Ontario's Far North, Timmins is home to a variety of apartments and houses that can be rented for relatively low prices.

In addition, Timmins offers a variety of amenities and activities that make it an attractive option for renters. The city has several parks and trails and several indoor and outdoor recreation facilities. The city offers a variety of amenities, including a hospital, a library, and several restaurants and cafes.

Timmins also has a thriving arts and culture scene, with a number of museums and art galleries. As a result, renters will find that Timmins is an affordable and attractive option for finding a place to live in Canada.

Related: HoneyBricks is a new real estate investment company that allows Canadian to invest in small shares of properties.

#10 Sackville, New Brunswick (Average Rent: $1,102 Per Month)

Sackville, New Brunswick, is a town located just outside Moncton and only a few hours from the Maine border, making it a great place to live if you want to be close to both urban and rural areas.

Additionally, Sackville has a variety of parks and trails for residents to enjoy, and the town is home to several restaurants and cafes. With its low cost of living and convenient location, Sackville is an ideal place to call home.

#11 Quesnel, British Columbia (Average Rent: $1,102 Per Month)

If you're looking for cheap places to rent in Canada, you'll want to check out Quesnel, British Columbia. This small city is located in the interior of the province, and it's a great place to live if you're looking for affordable housing.

There are also several cheap hotels and motels in the city, so finding a place to stay won't be a problem. And if you're looking for things to do, there are plenty of cheap and free activities to enjoy in Quesnel.

#12 Bécancour, Québec (Average Rent: $1,110 Per Month)

Bécancour is a beautiful town located in the province of Quebec. It is situated on the banks of the St. Lawrence River and is known for its scenic views and charming architecture. The town is also home to many affordable cheap rentals in Canada, making it an ideal choice for budget-minded travelers.

Various apartments and houses are available for rent in Bécancour, and most are priced very reasonably. In addition, the town is served by a number of bus routes, making it easy to get around. With its affordable rentals and convenient location, Bécancour is an ideal choice for budget-minded travelers looking for a cheap place to rent in Canada.

#13 Sherbrooke, Quebec (Average Rent: $1,113 Per Month)

Sherbrooke is a city that offers many rental options, from apartments and houses to duplexes and townhomes. In addition, Sherbrooke is a beautiful city located in the heart of the Eastern Townships.

With its scenic surroundings and lively cultural scene, Sherbrooke is an ideal place to live. So if you're looking for an affordable place to rent in Canada, check out Sherbrooke, Quebec.

#14 Montreal, Quebec (Average Rent: $1,576 Per Month)

Montreal, Quebec, is one of the most affordable cities in the country. Montreal is also a great place to live, with a vibrant culture and lots to do. Whether you're looking for a downtown apartment or something a little more relaxed in the suburbs, you're sure to find something that fits your budget in Montreal.

How To Save Money When Renting A Place In Canada

For many people, renting a place to live is the best option. It can be more affordable than buying a home and gives you the flexibility to move if your circumstances change. However, renting can still be expensive, especially if you need to be more careful. Here are a few tips to help you save money when renting a place in Canada:

  • Share an apartment or house with roommates. Not only will this split the cost of rent and utilities, but it can also be a great way to make new friends.
  • Look for all-inclusive places. This means that your rent will cover utilities like heat, water, and electricity. This can save you a lot of money each month.
  • Shop around for insurance. Your landlord's insurance may not be the best deal out there. Compare rates from different companies to make sure you're getting the best price.
  • Don't be afraid to negotiate. If you're a good tenant, your landlord may be willing to give you a break on the rent. It never hurts to ask!

Following these tips can help you save money on your rental costs each month. That extra cash can be used to improve your lifestyle or put away into savings. So don't be afraid to ask for a discount – it could end up paying off in the long run!

Cheap Rent In Canada FAQs

Is Canada cheap to live in?

The cost of living in Canada is high, but it is also worth noting that the country has a very high median income. Many people have good-paying jobs, and many also make a decent amount of passive income. In fact, Canada's median income is around $37,800, ranking among the top 20 in the world.

However, with high median incomes come high living expenses. For example, food and housing costs are both significantly higher in Canada than in most other developed countries. transportation costs are also relatively high, due to the vast size of the country.

However, it is important to remember that salaries are also generally higher in Canada than in other developed countries. As a result, while the cost of living in Canada may be high, it is still possible to live a comfortable life if you are earning a good salary.

Is it cheaper to live in Alberta or Ontario?

Alberta is generally considered to be cheaper than Ontario. One reason is that Alberta has a lower tax rate than Ontario.

Alberta's tax rates are extremely low, it has a flat tax system, which means that everyone pays the same percentage of their income to provincial taxes. As a result, Alberta has some of the lowest overall taxes in Canada.

This makes it an especially attractive place for high-income earners, who can keep more of their hard-earned money. However, it also provides an incentive for low- and middle-income earners to relocate to Calgary, as they will keep more of their income after taxes. As a result, Alberta's tax rates significantly benefit all residents.

What is Canada's minimum wage?

Canada’s minimum wage is different for each territory and province. For instance, the minimum wage in Ontario is currently $15.50 per hour, while in Nunavut, it is $16 per hour.

What city in Ontario has the cheapest rent?

Windsor, with a population of 233,000, is the city with the cheapest rent in Ontario. The average monthly rent for a one-bedroom apartment in Windsor is $1,350. By comparison, the average monthly rent for a one-bedroom apartment in Toronto is $2,481. In Ottawa, the average monthly rent for a one-bedroom apartment is $1,699.

Given these figures, it's clear that Windsor is the most affordable city in terms of rental prices. Windsor also has the advantage of being located close to several major cities (such as Toronto and Detroit), making it an ideal option for those who work in or near urban areas but want to live in a more affordable city.

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