Rent in Lethbridge remains among the lowest of the 60 municipalities included in a report looking at rents in August.
According to the National Rent Report from rentals.ca and Urbanation, last month, Lethbridge was 55th on the list with the average price for a one-bedroom unit in the city costing on average $1,295 per month, a 3.1 per cent decline from July and an 8.7 per cent decline from August of last year. The cost of a two-bedroom unit on average costs $1,614, seeing a fraction of a per centre uptick from July and a 2.8 per cent increase from the same month last year.
Several other cities in the province were also on the list, with Calgary ending up 41st, Airdrie 49th, Edmonton 51st, Red Deer 54th, Fort McMurray 57th, Medicine Hat 58th, and Lloydminster 59th.
Year-over-year rent in Alberta saw a three per cent decline in August, while nationally, rental rates saw a 2.3 per cent decline.
