How much does it cost to rent a house in Canada?

Making ends meet and having rent money available is a constant in any country in the world, including Canada. This first-world country also has its social and economic problems, as it receives thousands of immigrants every year. Many of them have good financial stability, but others not so much, which is why they are suffering from the effects of the rising cost of housing in recent years, which has become a problem that has generated government interventions and public concern. 

This topic catches our attention because every day we handle a large number of inquiries from people who dream of living in Canada, but when we ask them about their economic capacity in savings, their job opportunities and in which province they long to live, we realize that they are not clear enough and need to know first the housing rental costs of each province and which ones can be the most affordable to make their decision, without leaving aside the potential job offer or the specific university they have chosen or want to choose. 

Immiland Canada, a company dedicated to immigration procedures for Canada, presents this new article for current residents and newcomers, so that they can know the average minimum rental prices for housing by province and organize their family budget this 2024.

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Rental prices for studio apartments by province

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The following is an analysis based on averages through April 2024. Let's get started!

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Province: British Columbia

City: Vancouver

Vancouver is known as the pinnacle of expensive rentals, reflecting its status as one of the safest and most expensive cities in Canada. Here, you can find breathtaking scenery combined with a modern city that offers a very high quality of life, hence the price of its rents. Renting a home on the west coast of Canada's Pacific coast costs on average:

• If the apartment is a studio, $ 2,331.00 CAD.
• If you have one bedroom, it amounts to $ 2,679.00 CAD.
• If it has two bedrooms, it amounts to $ 3,668.00 CAD.

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Province: Ontario

City: Toronto

The city of Toronto is a Canadian metropolis located on the shores of Lake Ontario, very close to the state of New York, U.S.A. It is a very interesting and dynamic multicultural city, sought after by foreigners who love cosmopolitan, industrial and financial life. In Toronto, there are plenty of restaurants, bars and nightclubs that you can visit both for your enjoyment and to find employment. In addition, it has universities and colleges recognized for their high academic quality, Immiland has alliances in registration costs with many of them. Most international students and foreign professionals set their sights on this beautiful and thriving city, but its status comes at a price, and rent in this prestigious area is among the highest in the nation. 

• A studio apartment has an average monthly price of $ 1,727.00 CAD.
• If you have one bedroom, it amounts to $ 2,507.00 CAD.
• If you have two bedrooms, it amounts to $ 3,356.00 CAD.

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City: Ottawa

Living in Canada's capital city has its conveniences. Ottawa combines cultural richness with political importance. Its buildings are of the formal type, including domestic dwellings in some areas with a long history. The city's largest employer offers public service jobs. Rental costs in Ottawa are relatively moderate.

• A studio apartment costs $ 1,620.00 CAD per month.
• With one bedroom, it amounts to $ 1,990.00 CAD.
• With two bedrooms, it amounts to $ 2,465.00 CAD.

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Cities: Hamilton, Kitchener and London

Three good options in the busy province of Ontario to rent at quite reasonable prices and in diverse settings.

Hamilton has significant European ancestry and French is widely spoken. With beautiful, lush nature trails, parks and waterfalls, it is an ideal place to experience life between the urban and the quiet. It is also home to Mohawk College, a renowned undergraduate institution that offers a post-graduate work permit, which is very important for international students. Immiland has a registration agreement with Mohawk College. Learn more here. 

• A studio apartment costs $ 1,459.00 CAD per month.
• If you have one bedroom, $ 1,781.00 CAD.
• If you have two bedrooms, $ 2,116.00 CAD.

The Kitchener-Waterloo-Cambridge metropolitan area accommodates a variety of lifestyles and budgets. In Kitchener, there is a historic and notorious German presence, English is the predominant language, followed by French, and in some communities they maintain the German language. A Conestoga College campus is located here, making it an ideal place to reside during the study period. Immiland has a registration agreement with this college. Read more here.

• A studio apartment costs $ 1,210.00 CAD per month.
• If you have one bedroom, $ 1,833.00 CAD.
• If you have two bedrooms, $ 2,436.00 CAD.

In London City, the architectural style of the city is distinctly British. The population is small, and there is much enjoyment to be had from the beautiful green spaces, the relative proximity, by road, to Niagara Falls, as well as more affordable living costs than in Ottawa, for example. The economy is supported by medical research, insurance, manufacturing and information technology. Western University is located here. Immiland has a registration agreement with this institution. Learn more here.

• A studio apartment costs $ 1,425.00 CAD per month.
• If you have one bedroom, $ 1,799.00 CAD.
• If you have two bedrooms, $ 2,163.00 CAD.

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Province: Quebec

City: Montreal

This beautiful city of Parisian, British, Indian and Canadian flair has a more affordable urban life than Toronto. It is very dynamic, modern and cosmopolitan, although it also preserves its historic architecture, and many foreigners visit it to see, for example, the Basilica of Notre Dame, a neo-Gothic treasure that serves as a romantic setting for many foreign couples who get engaged inside while admiring its artistic charm. 

Younger international students have a strong affinity for Montreal because of its colleges and universities, as do professionals in various fields and skilled trades workers. Of course, French is the official language, so you must be fluent in it. Let's take a look at the average price of a rental in Montreal:

• A studio apartment costs $ 1,471.00 CAD per month.
• If you have one bedroom, it amounts to $1,775.00 CAD.
• If you have two bedrooms, it amounts to $ 2,281.00 CAD.

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City: Quebec City

This beautiful city is a historic charm nestled among parks and gardens, with very affordable rents. Temporary or permanent residents consider Quebec City a very safe city with low crime. Living in Quebec City is cheaper than in Montreal, and the foreigner must be French-speaking to be able to adapt to the work and daily environment.

• A studio apartment costs $ 1,048.00 CAD per month.
• With one bedroom, it amounts to $ 1,353.00 CAD.
• With two bedrooms, it amounts to $ 1,713.00 CAD.

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Province: Alberta

Cities: Calgary and Edmonton

These two cities are an incredible draw to the province, together they make up the Calgary-Edmonton corridor, an urbanized area that has seen rapid growth in recent years. Both cities offer more affordable living options compared to their eastern counterparts. Let's take a look at the monthly price of a rental.

• In Calgary, a studio apartment costs $1,578.00 CAD.
• With one bedroom, it amounts to $ 1,885.00 CAD.
• With two bedrooms, it amounts to $ 2,274.00 CAD.

• In Edmonton, a studio apartment costs $ 1,046.00 CAD.
• With one bedroom, it amounts to $ 1,349.00 CAD.
• With two bedrooms, it amounts to $ 1,635.00 CAD.

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Province: Nova Scotia

City: Halifax

Halifax is the capital of Nova Scotia, a seaside charm with affordable rentals. Here, you will find the Halifax Language Institute of Canada, a dynamic English language school. Immiland has a registration agreement with this institution. Learn more here.

• A studio apartment has an average price per month of 1684.00 CAD.
• With one bedroom, $ 1,971.00 CAD.
• With two bedrooms, $ 2,585.00 CAD.

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Province: Manitoba

City: Winnipeg

This low-temperature city surrounded by prairies is the capital of Manitoba. Here, life is much more affordable and professionals working in areas such as agriculture, tourism, energy, petroleum, mining and forestry can live and work comfortably, as its economy is based on these resources and services. A remote Manitoba town, Churchill, is home to some unique animals, beautiful and attractive to any visitor: polar bears. If you live in Winnipeg and love wild nature, you can travel by train or plane to Churchill and enjoy their sighting. Let's see how much it costs to rent in this English-speaking city.

• A studio apartment costs about $ 971.00 CAD.
• If you have one bedroom, it amounts to $ 1,349.00 CAD.
• If you have two bedrooms, it amounts to $1,73.00 CAD.

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To this point we share this year's rental prices in Canada. To ensure the accuracy and reliability of our data, we have aggregated rental cost information from multiple reliable sources, including the Canadian Housing and Mortgage Corporation (CHMC), municipal and provincial databases, settlement agencies and online housing platforms such as rentals.ca and zumper.ca. Now that you have a clearer picture of the monthly cost of housing in Canada, which province or city would you choose based on your budget? 

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Whether it's the bustling streets of Toronto or the relaxed lifestyle of Halifax, Immiland can help make your arrival in the country practical, comfortable and successful. The settlement area of our company will gladly work to locate the best place of residence for you and your family. Learn more about this service at www.immilandcanada.com/establecimiento.

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With love,

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Immiland