Saturday, May 21, 2022
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Average home rent in Lethbridge jumps substantially in 2021

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LETHBRIDGE, AB – If you rent a place in Lethbridge to live you may have experienced a jump in the monthly cost last year.

According to the National Rent Report from Rentals.ca, average monthly rent was up year-over-year here in the and in some cases, a fair bit.

Last month, the average cost for a one bedroom place was up 4.6% to around $994. That’s compared to December of 2020.

For a two bedroom home in the city, rent last month was just under $1,200. That a jump of nearly 7% year-over-year.

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Even with that, Lethbridge is still on the lower end of rental prices on a list of 35 cities across Canada. Lethbridge came in at number 31.

The highest average monthly rent in Alberta is in Calgary followed by Fort McMurray, Edmonton, and then Lethbridge.

Nowhere in Canada though is it more pricy to rent a place than in Vancouver. A one bedroom place in that west coast city will run you over $2,100 a month and for two bedrooms, you’d be shelling out close to $3,000 a month.

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