Despite seeing slight price increases, rent in the City of Grande Prairie remained among the lowest of the 35 cities surveyed in the latest Rentals.ca and Urban nation National Rent Report last month.
Grande Prairie is sitting 34th on the list for March with a one-bedroom apartment on average costing $1,015, which is up 14.1 per cent compared to the same month the previous year. A two-bedroom apartment in the city saw a year-over-year increase of 9.1 per cent on average costing $1,193.
Across Alberta, rent prices saw a 13.4 per cent year-over-year increase in March, with the average rent for a one-bedroom across the province costing $1,307. The national average was up 10.8 per cent, with the average one-bedroom costing $2,004.
Lloydminster finished 35th on the list for March with a one-bedroom apartment costing $820 and a two-bedroom costing $925. Vancouver and Toronto remain the two most expensive places for rent in the country. The average rent for a one-bedroom in Vancouver is $2,743, and in Toronto $2,506. Calgary finished 26th on the list, with Lethbridge finishing 29th and Edmonton 31st.
