The RentSeeker Real-Estate Blog

News and tips for Canada's renters, home buyers, home sellers and property managers.

22 Jul 2015

If you’re looking to rent an apartment for cheap, you may want to visit a scenic riverside city in Quebec. According to an infographic from rentseeker.ca, Trois-Rivières is one of the urban cent

If you’re looking to rent an apartment for cheap, you may want to visit a scenic riverside city in Quebec.

According to an infographic from rentseeker.ca, Trois-Rivières is one of the urban centres with the lowest average monthly rent price, at $384 for a studio bachelor apartment.

The differences between average rent in urban centres vary in cities by the type of apartment. For example, a studio bachelor apartment in Toronto costs $902 a month, more than the $845 in Burlington, Ont. But a two-bedroom apartment in Burlington costs $1,558 to Toronto’s $1,269.

It’s important to keep in mind that the data collected by the Canada Mortgage and Housing Corporation compiles averages from across large cities with varying socio-economic landscapes. The figures for Toronto, for instance, could be skewed by more affordable in parts of the city and/or more costly areas.

Read the full article featuring RentSeeker.ca on MoneySense.ca here:

http://www.moneysense.ca/spend/real-estate/renting/average-apartment-rental-rates-across-canada/