Rent prices in Saskatoon have been steadily increasing in recent years due to strong economic growth and a booming population. In January 2023, the average rent for a one-bedroom apartment was $1,143. This was a 3% increase from the previous year. Meanwhile, two-bedroom apartments saw an average rent of $1,319, a 2% increase from the previous year.
Rents vary from neighbourhood to neighbourhood, meaning that some areas have higher costs of living than others. The most expensive neighbourhoods for rent in Saskatoon include Stonebridge and Eastview, with the former averaging $1,345 for a one-bedroom and $1,556 for a two-bedroom. Meanwhile, the least expensive area is College Park, with an average rent of $892 for a one-bedroom and $1,083 for a two-bedroom.
Overall, the rental market in Saskatoon remains strong, with rental prices expected to continue increasing in the near future. Furthermore, rents in the city typically fluctuate throughout the year, with prices typically peaking around April and May and dipping slightly in the fall and winter months.
