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Average monthly home rent prices in Lethbridge still on the rise

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.

Patrick Siedlecki
Patrick Siedlecki
Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He's been in the position of News Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes. Community is important to him and keeping CJOC listeners and readers informed about what's happening across southern Alberta and beyond. Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007. Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island. Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL. Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and Funeral Assistant since 2016. News and sports have always been Pat's passion from the time he was a teenager and he's always been grateful to have had the opportunity to make that part of what's been a fun and long radio career!
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