Saskatchewan rental market data
Saskatchewan rents are below the national average, but listed rents there have risen faster over three years than in any other province Rentals.ca reports. In CMHC’s October 2025 survey of apartments in privately initiated buildings of three or more units, the provincial 2-bedroom average was $1,451, and the vacancy rate went up to 3.4% from 2.6%. The Canada rental market page explains how CMHC measures these.
| Measure (October 2025) | Saskatchewan | A year earlier |
|---|---|---|
| Vacancy rate | 3.4% | 2.6% |
| Average 2-bedroom rent paid | $1,451 | $1,380 |
| Turnover rate (units with a new tenant in the year) | 23.0% | 29.5% |
| Rent change for the same 2-bedroom units (fixed sample) | 5.1% | 7.7% |
Source: CMHC Rental Market Report data tables, Table 1.0 (apartments in privately initiated structures of three or more units, centres of 10,000 people or more).
| Average asking rent (August 2026) | Saskatchewan |
|---|---|
| Studio | $999 |
| 1 bedroom | $1,250 |
| 2 bedroom | $1,493 |
| 3 bedroom | $1,776 |
Source: Rentals.ca / Urbanation National Rent Report, apartments and condos listed for rent (August 2026). Asking rents are what a new tenant is quoted, so they run above the CMHC averages paid by all tenants.
Saskatchewan against Canada and its neighbours
The Saskatchewan 2-bedroom average was 6% below Canada’s $1,550, 14% below Alberta’s and 4% below Manitoba’s, the fifth-lowest of the 10 provinces. Rent for the same 2-bedroom units rose 5.1%, matching the national rate, after 7.7% the year before. Saskatchewan’s vacancy rate was the third-highest among the provinces and its turnover rate, 23.0%, the second-highest, against 12.8% nationally.
A tenant moving into a Saskatchewan 2-bedroom paid $1,486 on average; one who stayed paid $1,429. The $57 difference compares with $286 for Canada as a whole.
Average rent by city (Saskatchewan)
| Centre | Vacancy rate, October 2025 | A year earlier | Average 2-bedroom rent paid |
|---|---|---|---|
| Saskatoon | 3.3% | 2.0% | $1,548 |
| Regina | 2.7% | 2.6% | $1,473 |
Source: CMHC Rental Market Report data tables, Table 1.0 (apartments in privately initiated structures of three or more units). Ottawa-Gatineau is split by province.
Saskatoon’s 2-bedroom average was $75 more than Regina’s on the October 2025 figures, and the two cities moved differently over the year. Saskatoon’s vacancy rate rose from 2.0% to 3.3% as its purpose-built stock grew 4%, while Regina’s was little changed at 2.7% with supply up 2.2%. Fewer tenants moved in both: turnover fell to 19.3% in Saskatoon and 27.6% in Regina. CMHC connects that to the premium for moving: within the same buildings, units that turned over rented for 7% more in Saskatoon and 3.6% more in Regina. The Saskatoon and Regina pages break each city down by CMHC survey zone.
Asking rents
Saskatchewan’s listed rents rose faster over the past three years than those of any other province in the report. The Rentals.ca and Urbanation report, which covers apartments and condos listed for rent, puts the three-year increase at 24.6%, the highest of the 7 provinces it reports, against -12.0% for BC and 2.2% for Alberta. Over the latest year the Saskatchewan average was nearly flat, at $1,373 in August 2026 and -0.6% on a year earlier. A listed 2-bedroom averaged $1,493, 3% above the CMHC average paid by all tenants. Statistics Canada’s quarterly series, which has the two cities but not the province, shows the same split: Saskatoon’s 2-bedroom asking rent changed 5.2% over the year to the second quarter of 2026, Regina’s 1.4%.
What rent costs relative to income
The province’s census median household income was $82,000 for 2020, a year that predates the rent figures. Paying the provincial 2-bedroom average within CMHC’s 30% guideline takes $58,040, 29% below the median, and the listed 2-bedroom rent takes $59,720. The ratio looks comfortable, but CMHC reports in both Regina and Saskatoon that rents are growing faster than wages. The rent affordability calculator checks a particular income.
What CMHC says is driving rents in Saskatchewan
CMHC’s 2025 Rental Market Report has no provincial section; its Regina and Saskatoon commentary describes demand keeping pace with supply in Regina but falling behind it in Saskatoon. In Regina, strong full-time employment and relatively high population growth kept demand in step with new units. In Saskatoon, lower immigration and weak youth employment slowed demand while supply grew faster, so vacancy rose more than CMHC expected. Both cities still had rent growth above the average of the past decade.
Rules on rent increases in Saskatchewan
- There is no limit on how much rent can go up.
- In a periodic tenancy (month to month, for example), most landlords must give 12 months' notice, can't raise rent in the first 18 months of the tenancy, and can raise it once every 12 months.
- In a periodic tenancy, landlords who belong to a prescribed landlord association (the Saskatchewan Landlord Association or the Network of Non-Profit Housing Providers) give 6 months' notice, can raise rent after the first 12 months, and once every 6 months.
- For a fixed-term lease, the landlord serves notice of new terms at least 2 months before the lease ends, and the tenant has 30 days to accept them in writing or move out by the end date.
Source: Saskatchewan government.
Security deposits
- A security deposit can be no more than one calendar month's rent, requested at the start of the tenancy.
- At the start the landlord can require at most 50% of the deposit; the rest is payable within two months of moving in.
- The landlord must invest it in securities The Trustee Act, 2009 allows or keep it in a trust account at a bank, trust company or credit union.
- Interest is payable only on tenancies of more than five years.
- A lease can't say the landlord keeps the deposit automatically; the landlord claims all or part of it within seven business days of the tenancy ending, through the Office of Residential Tenancies.
- A tenant can dispute the claim within 60 days of the tenancy's end by applying for the deposit's return; applications cost $50.
Rent increase rules by province sets Saskatchewan’s long notice periods beside other provinces’ caps and notice rules, and how to get a security deposit back covers making or answering a deposit claim.
Related pages
- Saskatoon Rental Market: rent and vacancy by Saskatoon zone
- Regina Rental Market: rent and vacancy by Regina zone
- Alberta Rental Market: the neighbouring province to the west
- Manitoba Rental Market: the neighbouring province to the east
- Income in Saskatchewan: provincial income data
Sources
- CMHC Rental Market Report data tables: Canada workbook, provinces and centres, turnover rents
- CMHC 2025 Rental Market Report: Regina and Saskatoon commentary
- Rentals.ca National Rent Report: provincial asking rents (a private listings report)
- Statistics Canada table 46-10-0092: asking rents for Regina and Saskatoon
- Statistics Canada table 98-10-0061: census household income
- Saskatchewan rules on rent increases