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Regina Rental Market Data 2026 | Average Rent & Vacancy Rates

Updated

Regina rental market data

Regina is one of the most affordable rental markets in Canada, with 2-bedroom asking rents averaging about $1,350/month — roughly 56% cheaper than Toronto and 60% cheaper than Vancouver.

The Regina CMA vacancy rate was approximately 3.8% in October 2025, reflecting a market with adequate supply. As Saskatchewan’s capital, Regina benefits from stable government employment while being influenced by broader commodity-market economic cycles.

Data source: CMHC Rental Market Survey (October 2025), published December 2025. This is the most recent CMHC rental data available — the survey is conducted once per year every October. Next update expected December 2026.
Metric October 2025 Year-over-year
Vacancy rate ~3.8% Moderate
Average 2-bedroom rent ~$1,150 Modest growth
Market trend Balanced to soft Adequate supply

For national context, see the Canada rental market overview.

Average rent by bedroom type

Bedroom Type Estimated Average (purpose-built) Asking Rent (listings)
Studio ~$700 ~$850
1 Bedroom ~$1,000 ~$1,100
2 Bedroom ~$1,150 ~$1,350
3 Bedroom+ ~$1,300 ~$1,550

Regina’s 2-bedroom purpose-built rents (~$1,150) are roughly 44% cheaper than Toronto (~$2,046) and comparable to Saskatoon (~$1,200).

Regina CMA Vacancy Rate — Purpose-Built Rentals (2015–2025)

Regina experienced very high vacancy rates from 2016–2021 (6%+) during the resource downturn and oversupply period. The market tightened significantly in 2023 (2.3%) before easing slightly as conditions rebalanced.

Rent affordability in Regina

Bedroom Type Monthly Rent (asking) Annual Cost Income Needed (30% rule) Regina Median HHI
1 Bedroom ~$1,100 $13,200 $44,000 ~$100,000
2 Bedroom ~$1,350 $16,200 $54,000 ~$100,000

With a median household income in Regina of approximately $100,000, a typical household spends only about 16% of gross income on a 2-bedroom apartment — the best rent-to-income ratio of any Canadian CMA.

Use our rent affordability calculator for a personalized estimate.

Saskatchewan rent rules

Like Saskatoon, Regina follows Saskatchewan’s minimal rental regulation:

  • No rent control — Landlords can raise rent by any amount
  • 6 months notice — Required for periodic tenancies (month-to-month)
  • 1 year notice — Required at end of fixed-term leases
  • Once per 12 months — Rent can only be increased annually
  • Market-driven — Rents respond freely to supply and demand

Key market drivers

Provincial government: Regina is Saskatchewan’s capital, and government remains one of the largest and most stable employers.

Resource economy: Oil and potash activity in southern Saskatchewan influences employment and rental demand.

University of Regina: The U of R generates student rental demand, particularly in the University Park neighbourhood.

Steady immigration: Saskatchewan’s Provincial Nominee Program supports consistent population growth, though at a slower rate than larger cities.

Affordable homeownership: With median home prices well below the national average, many renters transition to homeownership relatively quickly, limiting long-term rental demand pressure.

Regina rental market outlook and tips

2026 outlook: Regina’’s rental market has tightened modestly from the very high vacancy rates (5–7%) of 2017–2020, driven by modest population growth and government/agriculture sector employment. Vacancy rates around 4.2% still provide renters with good choice and negotiating power.

Renting in Regina: practical tips:

  • Central vs north Regina: Cathedral neighbourhood and downtown are walkable and culturally vibrant; north and east Regina offer more affordable suburban housing
  • No rent control: Saskatchewan’’s lack of a rent cap means potential for market-rate increases; negotiate a favourable fixed increase or multi-year lease to lock in your rate
  • Car ownership: Regina has limited public transit; car ownership is effectively required for most locations
  • Wascana Park area: Premium proximity to the Saskatchewan Legislature and Wascana Lake; commands higher rents but offers exceptional amenities

Frequently asked questions

Is Regina cheaper to rent than Saskatoon? Slightly — Regina’’s average rents run $100–$150 lower than Saskatoon across most unit types. Saskatoon has attracted more tech sector and university (U of S) growth, driving stronger demand. Both cities are well below the national average and offer excellent affordability.

Regina rental market by neighbourhood

Neighbourhood Avg 1BR Character Transit
Cathedral ~$1,100 Artsy, diverse, walkable Bus
Lakeview ~$1,200 Family-friendly, central Bus
Harbour Landing ~$1,250 New suburban, south Limited bus
Downtown ~$950 Affordable, urban Bus hub
Whitmore Park ~$1,100 Near U of R Bus
East Regina ~$1,050 Suburban, affordable Limited bus

Renting as a newcomer in Regina

Regina’’s status as a provincial capital and gateway to Saskatchewan’’s agricultural economy means it consistently receives newcomers through programs like the Saskatchewan Immigrant Nominee Program (SINP). Newcomers should note:

  • SINP connections: Prairie communities often have established newcomer support networks; organizations like the Regina Open Door Society (RODS) provide settlement support including housing navigation assistance
  • Credit history: New Canadian credit histories can be thin; offer a larger damage deposit (up to maximum allowed by SK law) and reference letters from employers or settlement agencies
  • Co-signers: Some landlords in Regina will accept an employer letter of employment guaranteeing rent in lieu of Canadian credit history

Official CMHC apartment universe averages (6+ unit buildings)

For a quick, single-number cross-check, Statistics Canada also publishes CMHC’s blended average rent (all tenants combined) for apartment buildings of six units and over:

Unit Type Average Rent (2025) Y/Y Change
Bachelor $900 +2.3%
1 Bedroom $1,244 +4.6%
3 Bedroom+ $1,966 +8.3%
2 Bedroom $1,481 +3.9%

Source: CMHC Rental Market Survey via Statistics Canada Table 34-10-0133, apartment structures of six units and over, 2025. This is a blended average across new and existing tenants, not a turnover-only rent.

Metric 2025 Prior Year
Vacancy rate (apartments, 6+ units) 2.7% 2.5%

Source: CMHC Rental Market Survey via Statistics Canada Table 34-10-0127, 2025.


Sources

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