In a year rent in Lethbridge saw an increase of over 10 per cent.
On the latest National Rent Report from Urbanation and Rentals.ca Lethbridge finished 31st out of 36 municipalities, moving up one spot from December. According to the report from January 2024 to January 2025 the cost of a one-bedroom apartment in Lethbridge saw a 14.6 per cent increase from the previous year, averaging around $1,393 per month. While the cost of a two-bedroom apartment saw a 10.7 per cent increase, averaging around $1,559 a month.
Calgary was the only other Alberta community to finish higher on the list than Lethbridge at 28th; while Edmonton and Fort McMurray finished 32nd and 35th.
Rental prices on average across the province saw little change, with both one and two-bedroom rentals seeing an average increase of one per cent, on average costing $1,480 and $1,810.
Vancouver and Toronto continue to have the most expensive rental rates in the country.
