Victoria is officially one of the most expensive cities to rent an apartment in Canada as of Spring 2019.

While we’re not the most costly city to call home, we’re certainly high up on the list.

According to Canadian real estate search website RentSeeker, Victoria is the 4th most expensive place to rent an apartment, behind Toronto, Vancouver, and surprisingly enough, Yellowknife.

The website published infographics breaking down the vacancy rates and rent prices for bachelor suites and 1-bedroom, 2-bedroom, and 3-bedroom apartments across the country.

Breakdown of prices and vacancy rates in Victoria

  • Bachelor suites: Victoria has a 0.6% vacancy rate for bachelor suites, which cost $926/month on average.
  • 1-bedroom apartment: Victoria has a 1.2% vacancy rate for 1-bedroom apartments, which cost $1,076/month on average.
  • 2-bedroom apartment: Victoria has a 1.2% vacancy rate for 2-bedroom apartments, which cost $1,406/month on average.
  • 3-bedroom apartment: The vacancy rate for 3-bedroom apartments in Victoria is unknown based on this report. They cost $1,647/month on average.
(RentSeeker)

Top 10 most expensive cities for rental apartments in Canada

  1. Yellowknife, NWT
    Average Rent Price: $1,581/month
  2. Vancouver, BC
    Average Rent Price: $1,507/month
  3. Toronto, ON 
    Average Rent Price: $1,360/month
  4. Victoria, BC
    Average Rent Price: $1,264/month
  5. Kingston, ON 
    Average Rent Price:  $1,238/month
  6. Ottawa, ON
    Average Rent Price: $1,214/month
  7. Barrie, ON
    Average Rent Price: $1,198/month
  8. Oshawa, ON
    Average Rent Price: $1,153/month
  9. Kelowna, BC
    Average Rent Price: $1,139/month
  10. Edmonton, AB
    Average Rent Price: $1,125/month

Top 10 least expensive cities for rental apartments in Canada

  1. Thetford Mines, QC 
    Average Rent Price: $461/month
  2. St. Georges, QC
    Average Rent Price: $478/month
  3. Victoriaville, QC
    Average Rent Price: $506/month
  4. Edmundston, NB 
    Average Rent Price: $511/month
  5. Matane, QC
    Average Rent Price: $514/month
  6. Trois-Rivieres, QC
    Average Rent Price: $534/month
  7. Saguenay, QC
    Average Rent Price: $547/month
  8. Drummondville, QC
    Average Rent Price: $556/month
  9. Sherbrooke, QC
    Average Rent Price: $588/month
  10. Sherbrooke, QC
    Average Rent Price: $588/month

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