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Manitoba Rental Market Data 2025–2026 | Average Rent & Vacancy Rates

Updated

Manitoba rental market data

Manitoba’s rental market, centred in Winnipeg, is one of the most affordable in Canada. With rent control capping annual increases and a balanced supply-demand dynamic, Manitoba offers stable and predictable rental costs.

The Winnipeg CMA vacancy rate settled at approximately 2.8% in October 2025, reflecting a balanced market.

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.

Average rent by city (Manitoba)

City 2BR Purpose-Built 2BR Asking Rent Vacancy Rate
Winnipeg ~$1,300 ~$1,500 ~2.8%

Manitoba asking rents average approximately $1,200 for a 1-bedroom and $1,500 for a 2-bedroom across the province.

Manitoba rent control rules

Year Guideline
2021 0.0% (frozen)
2022 0.0% (frozen)
2023 3.0%
2024 3.0%
2025 3.0%
  • Applies to most units — including older and newer buildings
  • Above-guideline increases — Landlords can apply for more if operating costs justify it
  • 12 months between increases — Only one rent increase per year
  • 3 months notice required

Key market drivers

Immigration gateway: Winnipeg and Manitoba have become top destinations for international immigrants through the Provincial Nominee Program, supporting steady rental demand.

Aging rental stock: A significant portion of Manitoba’s purpose-built rental universe was built in the 1960s–1970s. Maintenance costs are rising.

Affordable cost of living: Manitoba’s low rents, combined with moderate incomes and affordable consumer prices, make it one of the best provinces for cost of living.

Manitoba city rental market pages


Sources

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