As of May 2025, Canada’s rental market remains challenging for many, especially in major urban centers like Toronto and Vancouver where prices continue to climb. However, several smaller cities and mid-sized towns offer far more affordable options without compromising on lifestyle. Whether you’re relocating, starting fresh, or simply seeking a better cost of living, knowing the cheapest cities for rent Canada 2025 can help you make a financially smart move.
Where to Find Affordable Rent in Canada
Below, we explore the top five affordable rental cities Canada has to offer this year, based on average rent, availability of rental deals in 2025, and overall cost of living.
1. Trois-Rivières, Quebec: Low Cost, High Quality of Life
Trois-Rivières continues to top the list when it comes to cheapest housing Canada. Average monthly rent for a one-bedroom apartment hovers around $780 CAD, making it one of the most affordable urban options in the country. Located midway between Montreal and Quebec City, it offers rich cultural heritage, walkable neighborhoods, and a slower pace of life.
Students, retirees, and remote workers find it especially appealing due to its lower housing costs and growing digital infrastructure. Rent deals in 2025 remain strong, with incentives offered for longer leases and student accommodations.
2. Moncton, New Brunswick: Small City with Big Potential
Moncton has become a hot spot for budget-conscious renters looking for the cheapest cities for rent Canada 2025. As of this spring, average rents for one-bedroom units stand around $900 CAD. Moncton boasts a strong job market in logistics and customer service, making it ideal for newcomers and young professionals.
Public transit is reliable, and the cost of daily living remains below the national average. The city also has a diverse range of rental properties—from newer condo-style units to older, spacious apartments.
3. Thunder Bay, Ontario: Affordable Living in Northern Ontario
Thunder Bay is one of Ontario’s best-kept secrets when it comes to affordable rentals. With average rent for a one-bedroom around $950 CAD, it’s a strong candidate among affordable rental cities Canada. The city benefits from access to nature, including Lake Superior and multiple national parks.
It’s a practical option for those working in healthcare, education, or government services. There are also increasing incentives for renters in 2025, including utilities-included packages and discounted multi-year leases.
4. Charlottetown, PEI: Coastal Charm at a Low Cost
Charlottetown offers scenic beauty and historical charm along with some of the lowest rental prices in Atlantic Canada. Average rent in 2025 for a single-bedroom apartment is approximately $920 CAD. The local economy is supported by tourism, education, and agriculture, providing steady employment opportunities.
Despite its small size, the city has a vibrant arts scene and excellent public services. For those prioritizing both lifestyle and budget, it remains one of the most affordable rental cities Canada has to offer.
5. Lethbridge, Alberta: Sunny Skies and Reasonable Rents
With over 300 days of sunshine annually, Lethbridge combines a pleasant climate with affordability. Average rents in 2025 are around $970 CAD for a one-bedroom apartment. It has a strong educational presence due to the University of Lethbridge and is increasingly popular with students and young families.
The city also offers extensive parks, a growing tech sector, and quick access to the Rocky Mountains. Lethbridge rounds out our list of cheapest cities for rent Canada 2025, offering excellent value for renters.
Average Monthly Rent Comparison (May 2025)
| City | Avg. 1-Bedroom Rent | Highlights |
|---|---|---|
| Trois-Rivières | $780 CAD | Cultural scene, low cost of living |
| Moncton | $900 CAD | Strong job market, good transit |
| Thunder Bay | $950 CAD | Nature access, healthcare jobs |
| Charlottetown | $920 CAD | Coastal beauty, education opportunities |
| Lethbridge | $970 CAD | Sunny weather, student-friendly |
Conclusion: Finding the Best Rent Deals in 2025
While Canada’s largest cities continue to dominate headlines for sky-high rent, savvy renters are looking to smaller, underrated cities for better value. From the historical streets of Trois-Rivières to the sunny suburbs of Lethbridge, these five destinations prove that finding affordable rent in Canada is still very possible in 2025. Keep an eye out for local rent deals 2025, including move-in bonuses and flexible lease terms, to make your next move even more budget-friendly.
FAQ
What is the cheapest city to rent in Canada in 2025?
Trois-Rivières, Quebec, holds the top spot with average one-bedroom rents around $780 CAD.
Are there any cities in Ontario with affordable housing?
Yes, Thunder Bay in Northern Ontario offers average rents under $1,000 CAD, along with a low cost of living.
How can I find rent deals in 2025?
Check local property management sites, Facebook rental groups, and university housing boards for updated listings and special offers.
Which provinces have the most affordable rental cities Canada-wide?
Quebec and the Atlantic provinces consistently offer lower rents compared to major markets in Ontario and British Columbia.
Is it better to rent in a small city in 2025?
Yes, smaller cities often offer better rent-to-income ratios, lower daily expenses, and higher quality of life.
Click here to know more.