Moving to a more budget-friendly city isn’t just about saving on rent—it’s about unlocking a whole new level of financial freedom and possibility. Imagine what you could do with that extra breathing room in your budget! Whether you’re dreaming of building investments, launching that side hustle, advancing your career, or simply enjoying more of life’s pleasures, these affordable Canadian gems create the perfect foundation.
If you’re entertaining the thought of moving to one of the cities with the cheapest cost of living in Canada, you’re not alone. The rising cost of living in Canada has made living in top cities like Toronto and Vancouver expensive. Many people are looking for affordable places to move to without entirely compromising their standard of living or giving up the city lifestyle.
Moving to a cheap city can improve your standard of living and help you save money over time. With your savings, you can invest, advance your career, start a business, or do what you have always wanted. You’ll agree that having savings to fall back on is better than living from paycheck to paycheck in major, expensive cities.
This article details the cities with the cheapest cost of living in Canada, covering essential aspects such as housing costs, food, transportation, job opportunities, and quality of life.
Key Takeaways
- The least expensive city in Canada is Trois-Rivieres, Quebec.
- The top 5 affordable cities in Canada are Trois-Rivieres, Red Deer, Quebec City, Sherbrooke, and Regina.
- Regina, Saskatchewan, is the best city for raising a family.
- The best city for job seekers is Edmonton, Alberta.
- Saint John, New Brunswick, is the best city for retirees.
- The best city for students is Sherbrooke, Quebec.
Top Cities With the Cheapest Cost of Living in Canada
Let’s look at the cost of housing and transportation in the top 15 cheapest cities in Canada – according to Numbeo (March 2025).
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Saskatoon, Saskatchewan
Saskatoon might be flying under your radar, but this riverside gem offers serious bang for your buck. Known as the “Paris of the Prairies,” this vibrant city balances affordability with a thriving arts scene, gorgeous river valley trails, and that famous Saskatchewan sky that seems to stretch forever.
Looking at these numbers, you’ll notice downtown living costs a premium (as expected!), but step just outside the city center and watch those rent prices drop. The sweet spot? Those 3-bedroom options outside downtown that give families breathing room without the budget squeeze.
Plus, with the South Saskatchewan River winding through town, many affordable neighborhoods still offer those million-dollar views without the matching price tag!
Why Is Saskatoon So Affordable?
Saskatoon’s affordability isn’t an accident—it’s a perfect storm of economic and geographic factors that work in your favor, here are some of the reasons why its is an affordable city in canada:
- Room to Grow: Unlike Vancouver or Toronto, Saskatoon isn’t geographically constrained. The prairies stretch for miles, meaning developers can expand outward instead of cramming everyone into limited space (goodbye, bidding wars!)
- Resource Economy Stability: The region’s diverse economy—agriculture, mining, and tech—creates steady employment without the extreme income inequality that drives prices sky-high in financial centers
- Lower Demand Pressure: With fewer international investors parking money in real estate, housing here serves its actual purpose: giving people places to live, not investment vehicles
- Municipal Tax Structure: Property taxes and development fees are structured to encourage growth rather than limit it, passing those savings to residents
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,201.62 | 55% |
| Utilities | $220 | 10% |
| Groceries | $400 | 18% |
| Transportation (monthly pass) | $83 | 4% |
| Entertainment | $280 | 13% |
Smart Living Tips for Saskatoon Residents
- Housing Hack: Look to neighborhoods like Sutherland or Forest Grove where rent drops significantly while still offering great amenities
- Transportation Win: The city is incredibly bikeable for 7-8 months of the year—invest in good gear and save on transportation costs
- Winter Strategy: Bundle utilities with roommates during those prairie winters when heating costs spike
- Local Score: Take advantage of the farmers’ markets from May-October to slash grocery bills while eating fresher
Average Rent Per Month In Saskatoon
- Average Apartment (1 bedroom) in the city center: $1,469.25
- Average Apartment (1 bedroom) outside of center: $1,201.62
- Average Apartment (3 bedrooms) in the city center: $2,442.86
- Average Apartment (3 bedrooms) outside of center: $1,896.50
Transportation Cost
- One-way ticket (local transport): $3.00
- Monthly pass (regular price): $83.00
- Taxi Start (normal tariff): $4.88
- Taxi 1km (normal tariff): $1.80
- Taxi 1 hour waiting (normal tariff): $20.00
You can find the best furnished apartment in Saskatoon for rent at Corporate Stays.
2. Sherbrooke, Quebec
You’ve discovered a true hidden gem in Quebec’s Eastern Townships! Sherbrooke captures that European charm without requiring a passport or depleting your savings. Nestled between rolling hills and intersecting rivers, this university town offers the perfect blend of French-Canadian culture, outdoor adventure, and refreshingly affordable living.
When you first visit Sherbrooke, you would find that it is cheaper to live a quality life at a cheaper rate here compared to other big cities. Imagine sipping espresso at a riverside café where locals actually spend hours chatting, not rushing, or attending cultural events that don’t require a second job to afford. There’s something magical about the Québécois approach to life—and in Sherbrooke, you can actually afford to enjoy it!
Why is Sherbrooke So Affordable?
We’ve analyzed the economic factors that keep Sherbrooke delightfully budget-friendly:
- University Town Economics: Home to Université de Sherbrooke and Bishop’s University, the city enjoys stable employment while maintaining a rental market calibrated to what students and faculty can reasonably afford
- Quebec’s Housing Approach: The province’s stronger rent control policies prevent the wild price surges you’ve probably experienced in other parts of Canada
- Regional Hub Status: As the cultural capital of the Eastern Townships, Sherbrooke gives you urban amenities without the fierce competition for housing that drives up costs elsewhere
- Language Factor: The somewhat higher French language requirement creates a smaller buyer pool than in fully bilingual areas, keeping property values more accessible
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $866.50 | 51% |
| Utilities | $175 | 10% |
| Groceries | $375 | 22% |
| Transportation (monthly pass) | $85 | 5% |
| Entertainment | $200 | 12% |
Smart Living Tips for Sherbrooke Residents
- Housing Hack: Look beyond downtown to neighborhoods like Fleurimont where you’ll find spacious apartments with dramatic discounts (I found my 2-bedroom for less than a downtown studio!)
- Language Leverage: Even basic French skills can open doors to better deals and local discounts—worth investing in those language apps!
- Seasonal Strategy: Take advantage of incredible local farmers’ markets during summer months—I fill my freezer with berries that taste amazing in January
- Student Connections: You don’t need a student ID to benefit from university proximity—enjoy free lectures, reasonable fitness centers, and cultural events that enrich without emptying your wallet
Who Sherbrooke is Best For
You’ll thrive in Sherbrooke if you’re a student, creative professional, remote worker, or someone who values experiences over square footage. The exceptional healthcare system and walkable neighborhoods make it perfect if you’re an active retiree looking to stretch your pension further. If you appreciate four distinct seasons and prefer community connections over long commutes, you might just fall in love with this bilingual bargain!
Want to test-drive Sherbrooke living without the commitment?
Corporate Stays offers beautifully furnished apartments throughout the city, allowing you to sample different neighborhoods before planting permanent roots!
Average Rent Per Month in Sherbrooke
- Apartment (1 bedroom) in the city center: $1,155.00
- Apartment (1 bedroom) outside of center: $866.50
- Apartment (3 bedrooms) in the city center: $1,545.83
- Apartment (3 bedrooms) outside of center: $1,324.80
Transportation Cost
- One-way ticket (local transport): $3.75
- Monthly pass (regular price): $85.00
- Taxi Start (normal tariff): $5.15
- Taxi 1km (normal tariff): $1.20
- Taxi 1 hour waiting (normal tariff): $46.20
3. Halifax, Nova Scotia
Halifax offers that perfect maritime magic with surprising affordability. Nova Scotia’s capital delivers seaside living with urban amenities, East Coast friendliness, and cosmopolitan flair—without the shocking price tag you might expect from a coastal gem.
When walking through Halifax’s historic downtown or along the waterfront boardwalk, you’ll experience that distinctive maritime rhythm that makes everyday feel special.
The salty breeze, charming pubs, and relaxed atmosphere create a vacation vibe in your everyday life. While it’s pricier than some inland options on our list, the lifestyle-to-cost ratio delivers exceptional value for our Corporate Stays clients.
Why is Halifax So Affordable?
Our housing experts have identified key factors behind Halifax’s attractive value proposition:
- Ocean Access Without Premium Pricing: Unlike Vancouver or Toronto waterfront properties, Halifax provides seaside living without the astronomical costs typically associated with coastal cities
- Education-Employment Ecosystem: Multiple universities and growing tech sectors maintain a healthy job market without creating the wage pressures that drive housing costs skyward elsewhere
- Strategic Urban Development: The city emphasizes livability and diverse housing types, preventing the severe supply shortages common in other coastal markets
- Maritime Practical Culture: East Coast pragmatism extends to housing—comfortable, functional spaces take priority over flashy status symbols
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,672.31 | 58% |
| Utilities | $225 | 8% |
| Groceries | $425 | 15% |
| Transportation (monthly pass) | $89.80 | 3% |
| Entertainment | $450 | 16% |
Smart Living Tips for Halifax Residents
- Transportation Advantage: Halifax’s walkable core means you might eliminate car expenses entirely—a potential annual savings of over $5,000
- Climate Considerations: Atlantic winters bring higher heating costs—seeking buildings with heat included can significantly reduce winter expenses
- Natural Amenities: Beaches, harbor activities, and hiking trails provide cost-free entertainment options that enhance quality of life while reducing discretionary spending
Who Halifax is Best For
You’ll thrive in Halifax if you’re a young professional seeking career opportunities without financial suffocation, a remote worker craving inspiration (those ocean views do wonders for creativity!), or a family prioritizing quality of life over square footage. The growing tech scene makes it perfect if you’re in digital fields, while the vibrant arts community welcomes creative souls with open arms.
At Corporate Stays, we’ve seen countless clients fall in love with Halifax’s charm during their furnished apartment stays—many extending their bookings while they house-hunt permanently!
Our Halifax collection offers that perfect launchpad to experience this maritime treasure before committing long-term. Ready to try East Coast living without the moving hassle? We’ve got your perfect home-away-from-home waiting!
Average Rent Per Month In Halifax
- Apartment (1 bedroom) in the city center: $2,069.78
- Apartment (1 bedroom) outside of center: $1,672.31
- Apartment (3 bedrooms) in the city center: $3,295.83
- Apartment (3 bedrooms) outside of center: $2,710.00
Average Transportation Cost In Halifax
- One-way ticket (local transport): $3.00
- Monthly pass (regular price): $89.80
- Taxi Start (normal tariff): $4.95
- Taxi 1km (normal tariff): $1.75
- Taxi 1 hour waiting (normal tariff): $30.00
4. Regina, Saskatchewan
Regina might not be on your radar, but this prairie capital packs a serious punch in the affordability department. Nestled in the heart of Saskatchewan’s golden wheat fields, Regina offers that perfect blend of city amenities and small-town prices that makes budget-conscious Canadians do a double-take at their bank accounts.
Picture waking up in a spacious apartment you can actually afford, with enough left in your monthly budget for those little luxuries that make life worth living. That’s the Regina reality – where housing costs won’t consume your entire paycheck and the phrase “disposable income” isn’t just a theoretical concept.
Why is Regina So Affordable?
Our housing market analysis reveals several key factors behind Regina’s budget-friendly appeal:
- Prairie Abundance: Surrounded by vast open spaces, Regina avoids the geographical constraints that drive up prices in mountain or coastal cities
- Government Employment Base: The stable public sector workforce creates economic consistency without the volatility that impacts housing markets elsewhere
- Resource Economy Balance: While connected to resource industries, Regina maintains diversified employment that prevents boom-bust cycles
- Practical Development Focus: Local builders prioritize functionality and value over luxury finishes, creating homes that ordinary people can actually afford
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,066.67 | 54% |
| Utilities | $210 | 11% |
| Groceries | $380 | 19% |
| Transportation (monthly pass) | $88 | 4% |
| Entertainment | $235 | 12% |
Smart Living Tips for Regina Residents
- Housing Strategy: Consider the Cathedral or Heritage neighborhoods for character homes with surprisingly reasonable rents
- Transportation Planning: Regina’s compact layout means shorter commutes and lower fuel costs compared to larger metros
- Climate Adaptation: Investing in proper winter gear can reduce home heating costs by allowing lower thermostat settings
- Community Connection: Regina’s strong community centers offer affordable recreation options that replace costly private memberships
Who Regina is Best For
Regina provides ideal conditions for families seeking financial breathing room, government employees appreciating stability with affordability, and anyone tired of sacrificing quality of life to housing costs. First-time homebuyers find particular value here, with entry-level homes still available at prices that don’t require generational wealth or crushing mortgage debt.
At Corporate Stays, our Regina furnished apartments offer the perfect opportunity to experience this prairie gem’s unique lifestyle. Our clients consistently express surprise at how far their housing budget stretches here compared to major centers.
Average Rent Per Month In Regina
- Apartment (1 bedroom) in the city center: $1,255.00
- Apartment (1 bedroom) outside of center: $1,066.67
- Apartment (3 bedrooms) in the city center: $1,843.75
- Apartment (3 bedrooms) outside of center: $1,975.00
Average Transportation Cost In Regina
- One-way ticket (local transport): $3.25
- Monthly pass (regular price): $88.00
- Taxi Start (normal tariff): $4.50
- Taxi 1km (normal tariff): $0.92
- Taxi 1 hour waiting (normal tariff): $40.00
5. Moncton, New Brunswick
Moncton feels like Atlantic Canada’s best-kept secret—a place where your paycheck doesn’t evaporate the moment rent comes due.
Nestled between stunning Bay of Fundy tides and rolling New Brunswick landscapes, this bilingual hub offers that magical East Coast hospitality without the financial heartbreak that typically accompanies coastal living.
Think about what your life could look like if housing costs suddenly shrank by 30-40%. That extra breathing room isn’t just financial—it’s emotional, creating space for the things that truly matter. When I chat with Corporate Stays clients who’ve relocated here, they all share that same wide-eyed realization: “I can actually live here, not just survive.”
Why is Moncton So Affordable?
Our housing market research reveals several key factors behind Moncton’s budget-friendly appeal:
- Strategic Location Without Premium Pricing: Positioned as a regional hub without the intense demand pressures of Halifax or other larger centers
- Bilingual Bonus Economy: The city’s bilingual status creates stable employment opportunities without driving wages to levels that inflate housing costs
- Development-Friendly Policies: Local government approaches prioritize housing accessibility, preventing the regulatory bottlenecks that drive prices skyward elsewhere
- Transportation Hub Advantages: As a logistics center, Moncton enjoys economic stability without the speculation that overheats housing markets
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,125.00 | 56% |
| Utilities | $195 | 10% |
| Groceries | $390 | 19% |
| Transportation (monthly pass) | $70 | 3% |
| Entertainment | $240 | 12% |
Average Rent Per Month In Moncton
- Apartment (1 bedroom) in the city center: $1,370.83
- Apartment (1 bedroom) outside of center: $1,125.00
- Apartment (3 bedrooms) in the city center: $2,159.38
- Apartment (3 bedrooms) outside of center: $1,700.00
Average Transportation Cost In Moncton
- One-way ticket (local transport): $3.00
- Monthly pass (regular price): $70.00
- Taxi Start (normal tariff): $4.00
- Taxi 1km (normal tariff): $1.90
- Taxi 1 hour waiting (normal tariff): $30.00
Smart Living Tips for Moncton Residents
- Housing Strategy: Look beyond downtown to neighborhoods like Dieppe where housing costs drop significantly while maintaining easy access to amenities
- Transport Efficiency: Moncton’s manageable size means car-sharing or even going car-free becomes viable—potentially saving thousands annually
- Seasonal Adaptation: Invest in proper home weatherization; the Maritime climate means heating efficiency translates directly to financial efficiency
- Local Connection: Moncton’s community markets and local producers offer fresh options that often beat supermarket prices while supporting the local economy
Who Moncton is Best For
Moncton creates the perfect environment for bilingual professionals leveraging language skills without big-city costs, young families seeking financial flexibility with excellent schools, and remote workers capitalizing on reasonable housing with solid internet infrastructure.
The city particularly shines for those seeking work-life balance without sacrificing career opportunities.
Corporate Stays’ Moncton Furnished apartments offer that perfect soft landing—fully furnished spaces that let you test-drive New Brunswick living before committing.
Our clients consistently report that Moncton delivers that rare combination of affordability without compromise.
6. Saint John, New Brunswick
Ever felt like you’re working just to pay rent? Saint John might be your financial liberation story waiting to happen! 🏘️ This charming port city on New Brunswick’s southern coast offers that perfect blend of historic character, maritime culture, and—let’s be honest—prices that’ll make you wonder if you’ve time-traveled back to 2005.
When I chat with folks who’ve made the move to Saint John, they all describe this strange sensation: the feeling of your shoulders physically dropping as financial pressure melts away. Imagine walking through colorful Victorian-era neighborhoods where homes don’t require generational wealth or a tech salary to afford. That’s the Saint John reality—where your housing budget suddenly stretches like magic, giving you space to actually live rather than just survive.
Why is Saint John So Affordable?
Our market analysis reveals several fascinating factors behind Saint John’s exceptional value:
- Historical Housing Stock: The city’s rich inventory of heritage buildings creates unique living options at prices that defy national trends
- Industrial Legacy Advantage: As a working port city, Saint John balances charm with practicality, keeping housing grounded in actual local wages
- Reverse Migration Patterns: While many maritime residents historically moved west, that trend is reversing—but prices haven’t caught up to the renewed interest
- Geographic Positioning: The Bay of Fundy location provides stunning coastal living without the premium typically associated with waterfront communities
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,300.00 | 58% |
| Utilities | $205 | 9% |
| Groceries | $400 | 18% |
| Transportation (monthly pass) | $81 | 4% |
| Entertainment | $250 | 11% |
Average Rent Per Month in New Brunswick:
- Apartment (1 bedroom) in the city center: $1,383.33
- Apartment (1 bedroom) outside of center: $1,300.00
- Apartment (3 bedrooms) in the city center: $2,200.00
- Apartment (3 bedrooms) outside of center: $1,937.50
Transportation:
- One-way ticket (local transport): $3.00
- Monthly pass (regular price): $81.00
- Taxi Start (normal tariff): $5.00
- Taxi 1km (normal tariff): $1.65
- Taxi 1 hour waiting (normal tariff): $39.78
Smart Living Tips for Saint John Residents
- Energy Wisdom: Many heritage buildings can be drafty—investing in proper weatherization pays dividends during Atlantic winters
- Transport Logic: Saint John’s compact uptown core makes walking viable for many daily needs, potentially eliminating vehicle expenses entirely
- Community Integration: The tight-knit social fabric means networking often replaces paying for services—from childcare sharing to tool libraries
Who Saint John is Best For
Saint John creates the perfect environment for retirees seeking coastal living without coastal prices, remote workers capitalizing on affordable housing with increasingly robust connectivity, and young families prioritizing financial flexibility over big-city amenities.
The city particularly shines for history lovers who can snag character-filled heritage properties at prices that would barely cover a downtown parking spot in Toronto.
Corporate Stays’ Saint John properties offer that perfect introduction to Maritime living—fully furnished spaces that let you test-drive this historic port city before making permanent moves. Our clients consistently tell us that Saint John delivers that rare combination of affordability with authentic character.
7. Trois-Rivieres, Quebec
Okay, can we talk about the actual hidden gem of Quebec? While everyone’s fighting for overpriced Montreal apartments, We’ve been watching Trois-Rivieres quietly offer the most affordable living in Canada with that unmistakable Quebec charm on the side!
Picture this: you’re sipping coffee on your balcony overlooking the majestic St. Lawrence River, in an apartment that costs less than half what your friends pay in bigger cities. That morning croissant tastes even better when you’re not stressing about making rent, doesn’t it?
Trois-Rivieres delivers that magical French-Canadian lifestyle without the financial gymnastics required elsewhere.
Why is Trois-Rivieres So Affordable?
Our deep dive into this Quebec treasure revealed some fascinating factors behind those jaw-dropping prices:
- Perfect Middle-Ground Positioning: Nestled between Montreal and Quebec City without the intense demand pressures of either metro area
- Industrial Heritage Evolution: The city’s transition from heavy industry created a housing surplus that keeps prices remarkably competitive
- Quebec’s Housing Protection: Provincial rent control and tenant protections prevent the wild speculation seen in other markets
- Cultural Sweet Spot: The predominantly French-speaking environment creates a specialized market with less competition from non-French speakers
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $600.00 | 48% |
| Utilities | $160 | 13% |
| Groceries | $350 | 28% |
| Transportation (monthly pass) | $75 | 6% |
| Entertainment | $65 | 5% |
Average Rent Per Month For Trois-Rivieres :
- Apartment (1 bedroom) in the city center: $793.33
- Apartment (1 bedroom) outside of center: $600.00
- Apartment (3 bedrooms) in the city center: $1,550.00
- Apartment (3 bedrooms) outside of center: $1,366.67
Transportation Price For Trois-Rivieres:
- One-way ticket (local transport): $3.75
- Monthly pass (regular price): $75.00
- Taxi Start (normal tariff): $5.15
- Taxi 1km (normal tariff): $1.20
- Taxi 1 hour waiting (normal tariff): $46.20
Smart Living Tips for Trois-Rivieres Residents
- Housing Strategy: Look beyond the obvious—the Cap-de-la-Madeleine district offers river proximity.
- Language Investment: Even basic French skills open doors to better housing deals and local discounts
- Seasonal Mindfulness: The dramatic Quebec seasons mean weatherproofing pays huge dividends during winter months
- Local Integration: The tight-knit community offers countless free festivals and events that replace paid entertainment
Who Trois-Rivieres is Best For
Trois-Rivieres creates a perfect haven for budget-conscious remote workers seeking maximum financial freedom, French speakers or language enthusiasts wanting cultural immersion, and creative souls needing affordable space to pursue their passions.
The city particularly shines for those who appreciate life’s slower rhythms without sacrificing urban conveniences.
At Corporate Stays, our Quebec city furnished apartments offer that perfect taste of authentic Quebec living without the commitment.
Our clients often extend their stays when they realize just how far their budget stretches here. Ready to experience what might be Canada’s best-kept housing secret? Your cozy riverfront retreat awaits!
8. Edmonton, Alberta
Edmonton delivers that rare combination of metropolitan amenities with surprisingly approachable housing costs. As Alberta’s capital city, it offers the urban energy and career opportunities you’d expect from a major center, but without the financial strain that typically accompanies big-city living.
Our Corporate Stays clients consistently express surprise at Edmonton’s value proposition. This vibrant prairie metropolis gives you breathing room—both physically with its spacious river valley and financially with housing prices that don’t consume your entire budget. While certainly not the cheapest city on our list, Edmonton offers exceptional value when measuring amenities against affordability.
Why is Edmonton So Affordable?
Our market research identifies several compelling factors behind Edmonton’s attractive pricing:
- Room to Expand: Unlike geographically constrained cities, Edmonton’s ability to grow outward prevents the intense competition that drives up housing costs
- Energy Sector Foundation: The resource economy provides solid employment and wages while avoiding the extreme speculation of markets like Toronto and Vancouver
- Government Employment Base: As a capital city, the stable public sector workforce creates economic consistency
- Development-Friendly Approaches: Municipal policies encourage housing creation rather than limiting it, preventing the supply shortages common elsewhere
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,257.89 | 53% |
| Utilities | $235 | 10% |
| Groceries | $450 | 19% |
| Transportation (monthly pass) | $100 | 4% |
| Entertainment | $330 | 14% |
Average Edmonton Rent Per Month
- Apartment (1 bedroom) in the city center: $1,591.69
- Apartment (1 bedroom) outside of center: $1,257.89
- Apartment (3 bedrooms) in the city center: $2,609.05
- Apartment (3 bedrooms) outside of center: $2,113.73
Transportation Cost For Edmonton
- One-way ticket (local transport): $3.50
- Monthly pass (regular price): $100.00
- Taxi Start (normal tariff): $4.10
- Taxi 1km (normal tariff): $2.42
- Taxi 1 hour waiting (normal tariff): $31.75
Smart Living Tips for Edmonton Residents
- Transportation Planning: The expanding LRT system makes car-free living increasingly practical, potentially saving thousands annually
- Climate Adaptation: Edmonton’s dramatic seasonal shifts mean energy-efficient housing pays significant dividends
- Nature Integration: The extensive river valley park system provides premium recreation opportunities at zero cost
Who Edmonton is Best For
Edmonton creates an ideal environment for young professionals seeking career advancement without housing stress, families needing space without sacrificing urban amenities, and newcomers to Canada finding their footing in a diverse, welcoming community.
The city particularly rewards those who value outdoor recreation, with the continent’s largest urban park system offering year-round activities just minutes from affordable neighborhoods.
Corporate Stays’ Edmonton furnished apartments provide that perfect introduction to Alberta living—fully furnished spaces that let you experience the city’s unique energy before making long-term decisions. Our collection spans from downtown high-rises to quieter residential communities, allowing you to find your perfect match.
9. Charlottetown, PEI
Have you ever daydreamed about living on a postcard? Charlottetown might just be your affordable Atlantic dream come true! Prince Edward Island’s charming capital offers that perfect blend of historic character, coastal beauty, and surprisingly gentle prices that make island living actually accessible.
Corporate Stays clients who discover Charlottetown often tell us they feel like they’ve stumbled upon Canada’s best-kept secret.
This compact, walkable city delivers seaside charm, a vibrant cultural scene, and a pace of life that reminds you why you work in the first place—to actually live, not just survive financially.
While seasonal tourism adds energy, the year-round community provides that authentic maritime welcome that makes everyone feel like a local.
Why is Charlottetown So Affordable?
Our market analysis reveals several key factors behind Charlottetown’s attractive value:
- Island Economics: The somewhat isolated geography creates a self-contained housing market less vulnerable to mainland speculation
- Scale Advantage: With just the right size to offer urban amenities while maintaining small-town pricing structures
- Seasonal Rhythm: The tourism-influenced economy creates unique opportunities in housing, particularly for those flexible about timing
- Development Balance: Thoughtful preservation policies maintain the city’s character while preventing the artificial scarcity that drives prices skyward
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,425.00 | 64% |
| Utilities | $190 | 9% |
| Groceries | $420 | 19% |
| Transportation (monthly pass) | $20 | 1% |
| Entertainment | $155 | 7% |
Average Rent Per Month In Charlottetown
- Apartment (1 bedroom) in the city center: $1,516.67
- Apartment (1 bedroom) outside of center: $1,425.00
- Apartment (3 bedrooms) in the city center: $2,366.67
- Apartment (3 bedrooms) outside of center: $2,016.67
Transportation Cost
- One-way ticket (local transport): $2.00
- Monthly pass (regular price): $20.00
- Taxi Start (normal tariff): $8.00
- Taxi 1km (normal tariff): $3.00
- Taxi 1 hour waiting (normal tariff): $60.00
Smart Living Tips for Charlottetown Residents
- Housing Strategy: Consider neighborhoods like Brighton or East Royalty where housing costs decrease while maintaining easy access to downtown
- Transportation Wisdom: Charlottetown’s compact scale makes walking and cycling practical for most daily needs—potentially eliminating vehicle expenses
- Seasonal Planning: Winter preparation pays dividends in this maritime climate—proper insulation and weatherproofing directly impact monthly budgets
- Island Integration: The close-knit community offers resources that reduce living costs—from community gardens to tool-sharing networks
Who Charlottetown is Best For
Charlottetown creates the perfect environment for remote workers seeking inspiration without isolation, retirees desiring coastal living on reasonable budgets, and young professionals prioritizing quality of life over urban hustle. The city particularly rewards those who appreciate four distinct seasons, maritime culture, and communities where neighbors still know each other by name.
10. Red Deer, Alberta
Nestled perfectly between Calgary and Edmonton sits the prairie gem that budget-conscious Canadians are increasingly whispering about. 🌾 Red Deer offers that perfect sweet spot—all the amenities you actually need without the price tag that keeps you working overtime just to make rent!
At Corporate Stays, we’ve watched clients discover Red Deer’s value proposition with genuine amazement. Picture waking up in a spacious apartment that doesn’t drain your bank account, with the Rockies just a day trip away and two major cities within easy reach. It’s like someone designed a city specifically for people who want to build wealth instead of just surrendering it to landlords every month!
Why is Red Deer So Affordable?
Our housing experts have identified several fascinating factors behind Red Deer’s budget-friendly appeal:
- Strategic Middle Ground: Positioned between two major urban centers without commanding their premium prices
- Resource Economy Balance: The energy sector provides solid employment without creating the housing speculation that drives prices skyward
- Development Freedom: Unlike geographically constrained cities, Red Deer can expand outward, preventing the bidding wars common elsewhere
- Practical Prairie Perspective: The local culture values functionality over status, creating housing markets driven by actual needs rather than investment potential
Cost Breakdown: Where Your Money Goes
| Expense Category | Average Monthly Cost | % of Budget |
| Housing (1BR outside center) | $1,270.00 | 59% |
| Utilities | $215 | 10% |
| Groceries | $410 | 19% |
| Transportation (monthly pass) | $73.75 | 3% |
| Entertainment | $200 | 9% |
Average Rent Per MonthIn Red Deer
- Apartment (1 bedroom) in the city center: $1,200.00
- Apartment (1 bedroom) outside of center: $1,270.00
- Apartment (3 bedrooms) in the city center: –
- Apartment (3 bedrooms) outside of center: $1,900.00
Transportation Cost In Red Deer
- One-way ticket (local transport): $2.95
- Monthly pass (regular price): $73.75
- Taxi Start (normal tariff): $3.75
- Taxi 1km (normal tariff): $1.90
- Taxi 1 hour waiting (normal tariff): $31.75
Smart Living Tips for Red Deer Residents
- Transportation Brilliance: Red Deer’s compact layout means shorter commutes and potentially going car-lite—imagine what you could do with those savings!
- Climate Adaptation: The dramatic Alberta seasons mean proper insulation and weatherproofing directly translate to lower monthly expenses
- Recreation Revolution: The extensive trail system and public parks provide premium recreation without premium membership fees
Who Red Deer is Best For
Red Deer creates the perfect environment for young families building financial foundations, professionals tired of big-city housing stress, and outdoor enthusiasts who want adventure accessibility without adventure-sized mortgages.
The city particularly shines for those seeking that elusive middle ground—urban conveniences with small-town affordability.
Least Expensive City in Canada: Which One Wins?
The least expensive city in Canada is Trois-Rivieres, Quebec Province. Trois-Rivieres wins the “cheapest city” title because it has the lowest rent and affordable transportation. It offers the best value for money!
The table below compares the 5 cheapest cities in Canada based on rent, groceries, and transportation.
Affordable Places to Live in Canada for Specific Needs
Let’s look at the affordable places to live in Canada as a student, someone with a family, a retiree, or a job seeker.
Best for Students: Sherbrooke, Quebec
A 2021 survey ranked Sherbrooke as the best city (number one on the list) for students. The city is home to good elementary schools, high schools, colleges, and universities. It’s a student-friendly place with diverse leisure activities and opportunities for career growth.
Factors that attract students to Sherbrooke include low cost of living, affordable education, tourist attractions, cultural & sporting lifestyle, captivating events, diverse cuisine, and peaceful neighborhoods.
Best for Families: Regina, Saskatchewan
Regina is a great place to raise a family. With its affordable housing, safe neighborhoods, quality healthcare, good schools (at all levels), and many sports & recreational activities, you’ll have everything required to raise a healthy family. Regina is a family-friendly haven for raising children!
Best for Retirees: Saint John, New Brunswick
Saint John is Canada’s retirement paradise. The reasons retirees choose this city include low cost of living, excellent healthcare services, quality of life, serene neighborhoods, a strong sense of community, safety, and accessible amenities.
Seniors usually enjoy special Seniors Discounts from stores and restaurants. Retirees leverage this act of kindness to save money. There is a resource center called Saint John’s Seniors’ Resource Center. This institution helps match seniors who want to stay active with the right community groups and activities.
Best for Job Seekers: Edmonton, Alberta
Edmonton has one of the fastest-growing economies among Canadian cities. As a result, it’s a top go-to city for job seekers. It has thriving industries, including oil & gas, manufacturing, tourism, financial services, and technology.
The city offers many benefits to employees, from a defined benefits pension plan to various savings and discounts. What’s more, Edmonton is committed to embracing individuals from various backgrounds. Best of all, the government of Alberta provides various resources and support to help you land a job and build your career.
Pros and Cons of Living in These Affordable Cities
Having listed the cheapest cities in Canada, let’s discuss the pros and cons of living in these cities.
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Pros
Cost Savings: Relocating to one of these cities helps you save a lot of money on rent and other monthly expenses. You get good public and private facilities found in larger cities at lower costs. Less expensive places make it possible to cut costs without significantly impacting your standard of living.
More Relaxed Lifestyle: They are generally less populated and busier than expensive cities. So, life is more relaxed! People don’t get stuck in traffic for hours. Residents aren’t under pressure to catch up with appointments. Life is easy and peaceful – without the buzz and haste of big cities.
Stronger Sense of Community: Unlike busy, big cities where people live with little or no sense of community, there is a strong sense of community in smaller metropolises. They have small populations and organizational structures that enable them to give residents a sense of belonging.
Access to Nature: With cheaper cities, you get serene, green surroundings that reveal the beauty and awesomeness of nature. They offer access to forests, parks, and conservation areas. There is also a higher chance of getting a house or an apartment that provides access to outdoor spaces – a deck, trees, a garden, and a swimming pool.
Less Traffic: Fewer people translates to less traffic. You don’t have to deal with the traffic congestion that comes with the rush hour in major cities.
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Cons
Limited Transit Options: There are fewer public and private transit options. You’ll have to find a way to adapt to longer commute times and fewer means of transportation.
Limited Job Opportunities: While there are jobs in these less expensive places, they are fewer than in key cities. So, moving to one of these cities means you may not have access to major job markets. Given the rise in the work-from-home work model, you can work around this limitation.
Final Thoughts: Where Should You Move?
The cities with the cheapest cost of living in Canada include Trois-Rivieres, Red Deer, Quebec City, Sherbrooke, and Regina. Where to move depends on what you want and the city that ticks most or all your boxes.
Compare the cities and settle on the most suitable one. Before making the big decision, consider the factors that are important to you. These include rent prices, commuting expenses, the cost of food, employment opportunities, access to healthcare services, and the availability of public services.
If you have lived in any of these cities, please share your experiences. Subscribe for more guides on affordable living in Canada.
