The wait is over! View the November 2023 Rentsync National Rental Demand Report.
For our first ever Padmapper Canada Rent Report, we analyzed hundreds of thousands of listings to identify the 25 most expensive cities for renters across the country. Rankings are based on the median price of a one bedroom apartment in each city this May. Top 5 Most Expensive Rental Markets 1. Vancouver, BC topped our study as the most expensive city for renters in Canada, maintaining a strong margin over second place, Toronto. The median one bedroom rent this May was $1,700, while the median two bedroom was $2,780. Prices did however see a softening in the past month, dropping 2.3% and 0.7% for one and two bedroom units, respectively. 2. Toronto, ON commanded prices of $1,320 for a one bedroom and $1,650 for a two bedroom. Rent trends were mixed over the past month, as one bedrooms increased 1.5%, while two bedrooms dropped 1.2%. 3. Victoria, BC saw rents jump for both unit types this May. The city narrowly beat out Calgary for third place on our list, with a median one…
Manage cookie settings
Rentsync collects cookie data to provide a better user experience, but we offer you choices regarding how we and our third party providers collect and use the cookie data.
These are essential in order to enable you to move around the website and use its features. If you do not allow these cookies, you won't be able to use our site properly.
Targeting and Tracking Cookies
These record your visit to the Rentsync website, the individual pages you visit, the links you follow and the type of device you use. Our use of these cookies might also mean that you may see Rentsync adverts on other websites. Our partners may also use information recorded by these cookies to see how well their ads are performing. If you do not allow these cookies, you may see more content and adverts that do not match your interests.