Rent in Lethbridge remains among the lowest of the 60 municipalities included in a report looking at rents in May.
According to the National Rent Report from Rentals.ca and Urbanation, last month Lethbridge was 52nd on the list with the average price for a one-bedroom unit in the city costing on average $1,304 per month, down 1.3 per cent from the previous month, but up 0.9 per cent from May of last year. A two-bedroom unit on average costs $1,612 per month, seeing a five per cent uptick from April and up 7.8 per cent from May of last year.
Six other cities in the province were also on the list, with Calgary ending up 46th, Airdrie 49th, Edmonton 51st, Red Deer 54th, Fort McMurray 57th, Medicine Hat 58th, and Lloydminster 59th
Prices for these communities ranged from a one-bedroom unit, on average, costing $1,944 a month in Calgary to $1,077 in Lloydminster; a two-bedroom unit ranged from $1,944 a month in Calgary to $1,275 per month in Lloydminster.
Year-over-year rent in Alberta saw a two per cent decline in May.
