As rental prices continue to rise in major urban centres like Toronto and Vancouver, many Canadians are exploring more affordable alternatives. In 2025, several mid-sized cities across Canada offer more budget-friendly rental options without sacrificing quality of life. Here are the top six Canadian cities for affordable rental housing this year:
1. Edmonton, Alberta
Edmonton remains one of the most affordable major cities in Canada. Despite its size and vibrant economy, especially in the energy and tech sectors, rent for one- and two-bedroom apartments is relatively low. The city also offers modern infrastructure, cultural attractions, and plenty of green space.
2. Winnipeg, Manitoba
Winnipeg continues to rank high for affordable housing. Average rents remain significantly lower than the national average, and the city offers a strong job market, excellent healthcare facilities, and a growing arts scene. Its central location also makes it a transportation hub with steady rental demand.
3. Halifax, Nova Scotia
While Halifax has seen rising rents over the last few years, it is still more affordable than major urban centres. With its mix of coastal charm, universities, and growing industries such as healthcare and tech, Halifax is attracting young professionals and families alike.
4. Regina, Saskatchewan
Regina offers some of the lowest rental rates among provincial capitals. With a cost of living well below the national average and a stable job market driven by agriculture and government, it’s an ideal city for renters looking for both affordability and opportunity.
5. Moncton, New Brunswick
Moncton continues to grow as an affordable housing hotspot. The city’s low rents, combined with a high quality of life, bilingual culture, and expanding economy, make it attractive for newcomers and retirees alike. It’s also among the fastest-growing urban areas in Atlantic Canada.
6. London, Ontario
While Ontario is known for expensive housing, London stands out as a more affordable option. Located two hours from Toronto, London offers lower rents and a strong healthcare and education sector. It’s a great option for students, young families, and remote workers.
These cities offer a balance of affordability, livability, and economic opportunity in 2025. For renters looking to escape high costs without compromising lifestyle, these urban centres are worth serious consideration.
