Average monthly home rent prices in Lethbridge still on the rise
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LETHBRIDGE, AB. – Lethbridge continues to buck the national trend when it comes to the cost of renting a place to live.
According to data from Rentals.ca, the average rent for apartments and condos here in the city is up 4% year-over-year.
That’s in sharp contrast to average rent across Canada which has actually fallen by 8.7% over the 12 months.
In January, Lethbridge came in at number 31 on a list of 35 Canadian cities for average monthly rent for a one bedroom place at $938 dollars and 32nd on the list when it comes to a two bedroom home at $1,102.
Rentals.ca states Alberta was on the low end for average monthly rents in January at $1,243 and for average rent per square foot at $1.56.
Vancouver, meanwhile remains Canada’s most expensive city when it comes to rent prices with a one bedroom place going for just over $1,900 a month and two bedroom for $2,592.
The National Rent Report charts and analyzes monthly, quarterly and annual rates and trends in the rental market on a national, provincial, and municipal level across all listings on Rentals.ca for 35 cities across Canada.