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Rent in Lloydminster remains among cheapest in the country

The average monthly rent in Lloydminster has remained fairly flat and below both provincial averages.

The November National Rent Report from Rentals.ca shows the average monthly rent for a one-bedroom was $838 in October, which is up from $798 the previous month. Rent for a two-bedroom apartment was $934 which was slightly down from $950 in September.

Rentals.ca says average rent for all property types in the Border City is flat year over year, averaging out at a $930 a month.

The average rent for all property types in Alberta was $1,265 and $1,102 in Saskatchewan.

The average rental price in each province. (Photo: Rentals.ca)

Toronto and Vancouver remain the highest rental costs in the country with both seeing an average monthly rent of over $2,000 for one-bedroom and close to $3,000 for two-bedrooms.

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The average monthly rent for Canadian properties in the last month was $1,940 which is an increase of 5.5 per cent annually.

A comparison of the average rental costs among different Canadian municipalities. (Photo: Rentals.ca)
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