What is the average rent in New Brunswick?

The average asking rent in New Brunswick is approximately $1,150 for a 1-bedroom and $1,400 for a 2-bedroom. New Brunswick has some of the cheapest rents in Canada, though prices have risen significantly in Moncton and Fredericton since 2020.

Does New Brunswick have rent control?

New Brunswick introduced a rent increase cap in 2022. Landlords are generally limited to increases of the CPI rate plus a specified margin. The cap was set at 5.0% initially and has been adjusted. Tenants can file complaints with the Residential Tenancies Tribunal.

What is the vacancy rate in New Brunswick?

Moncton and Fredericton CMAs have seen vacancy rates improve to the 2.5–3.5% range in 2025 after years of tight conditions driven by interprovincial migration and immigration.

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

New Brunswick rental market data

New Brunswick’s rental market has experienced significant change since 2020. Once one of the cheapest and most overlooked provinces for renters, explosive population growth — particularly in the Moncton CMA — drove vacancy rates to historic lows and pushed rents up sharply.

By 2025, conditions have begun to stabilize as new construction added supply and the province introduced temporary rent-increase limits.

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 (New Brunswick)

City	2BR Purpose-Built (est.)	2BR Asking Rent	Vacancy Rate (est.)
Moncton	~$1,150	~$1,400	~3.0%
Fredericton	~$1,100	~$1,350	~3.2%
Saint John	~$1,000	~$1,200	~3.5%

New Brunswick asking rents average approximately $1,150 for a 1-bedroom and $1,400 for a 2-bedroom across the province.

New Brunswick rent rules

New Brunswick introduced temporary rent-increase limits:

Rent increase cap — Introduced in 2022; generally limited to CPI + margin (effectively around 3–5%)
Residential Tenancies Tribunal — Tenants can file complaints about excessive increases
Notice requirements — Landlords must provide adequate notice before increasing rent
Legislative evolution — The framework continues to evolve as the province responds to the housing crisis

Key market drivers

Population growth: New Brunswick has been among Canada’s fastest-growing Atlantic provinces, with interprovincial migration from Ontario and international immigration to the Moncton and Fredericton areas.

Affordability attraction: Low rents and home prices attracted mobile workers and retirees from more expensive provinces.

University demand: UNB (Fredericton and Saint John), Université de Moncton, and Mount Allison University generate student rental demand.

Supply response: New rental construction has increased, particularly in Moncton, helping to stabilize vacancy rates.

Canada Rental Market Data — national overview
Nova Scotia Rental Market — neighbouring Atlantic province
Average Rent in Canada — rent comparison by city and province
Income in New Brunswick — provincial income data

Sources

CMHC Rental Market Survey — Housing Market Information Portal
CMHC 2025 Rental Market Report — December 2025
Service New Brunswick — Residential Tenancies — rent increase rules