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.
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