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.
| 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).
Vacancy rate trends
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
Related pages
- Canada Rental Market Data — national vacancy rates and average rent
- Saskatoon Rental Market — Saskatchewan’s other CMA
- Winnipeg Rental Market — affordable prairie comparison
- Income in Regina — household income data
- Average Rent in Canada — rent comparison by city
Sources
- CMHC Rental Market Survey — Housing Market Information Portal
- CMHC 2025 Rental Market Report — December 2025
- Office of Residential Tenancies (Saskatchewan) — tenant rights