Lethbridge Rental Market Sees Modest Increase Amid National Decline

In December 2025, while the national average rent in Canada declined to $2,060—a 2.3% decrease from the previous year—Lethbridge experienced a modest uptick in rental prices.

 

The average asking rent in Lethbridge reached $1,570 per month, positioning the city as the eighth most affordable among the 60 Canadian communities analyzed.

 

One-bedroom units in Lethbridge saw a 2.5% year-over-year increase, averaging $1,400 monthly.

 

Two-bedroom units rose by 1.2% to an average of $1,548 per month.

 

Comparatively, other Alberta cities reported higher average rents:

 

Calgary: $1,875 per month

 

Edmonton: $1,615 per month

 

Red Deer: $1,549 per month

 

Despite the slight increase, Lethbridge remains a relatively affordable option within the province.

 

Nationally, the most expensive rental markets in December 2025 were:

 

North Vancouver, BC: $2,974 per month

 

Vancouver, BC: $2,664 per month

 

Oakville, ON: $2,545 per month

 

These figures highlight Lethbridge's continued affordability in contrast to other major Canadian cities.

 

For more detailed insights into the rental market trends, the latest National Rent Report is available online.