Saskatoon rental market data
Saskatoon offers some of the most affordable rents in Canada, with 2-bedroom asking rents averaging about $1,400/month — less than half the cost of Toronto or Vancouver.
The Saskatoon CMA vacancy rate was approximately 3.5% in October 2025, reflecting a balanced market. Saskatoon’s rental market is influenced by commodity cycles, university demand, and steady population growth from immigration.
| Metric | October 2025 | Year-over-year |
|---|---|---|
| Vacancy rate | ~3.5% | Moderate |
| Average 2-bedroom rent | ~$1,200 | Modest growth |
| Market trend | Balanced | Stable |
For national context, see the Canada rental market overview.
Average rent by bedroom type
| Bedroom Type | Estimated Average (purpose-built) | Asking Rent (listings) |
|---|---|---|
| Studio | ~$750 | ~$900 |
| 1 Bedroom | ~$1,000 | ~$1,150 |
| 2 Bedroom | ~$1,200 | ~$1,400 |
| 3 Bedroom+ | ~$1,350 | ~$1,600 |
Saskatoon 2-bedroom purpose-built rents (~$1,200) are roughly 41% cheaper than Toronto (~$2,046) and 20% cheaper than Edmonton (~$1,500).
Vacancy rate trends
Saskatoon CMA Vacancy Rate — Purpose-Built Rentals (2015–2025)
Saskatoon experienced very high vacancy rates (9%+) during the 2016–2017 resource downturn. The market steadily tightened through 2023 before stabilizing in the 3.0–3.5% range as supply and demand found equilibrium.
Rent affordability in Saskatoon
| Bedroom Type | Monthly Rent (asking) | Annual Cost | Income Needed (30% rule) | Saskatoon Median HHI |
|---|---|---|---|---|
| 1 Bedroom | ~$1,150 | $13,800 | $46,000 | ~$95,000 |
| 2 Bedroom | ~$1,400 | $16,800 | $56,000 | ~$95,000 |
With a median household income in Saskatoon of approximately $95,000, a typical household spends only about 18% of gross income on a 2-bedroom apartment — one of the best rent-to-income ratios in the country.
Use our rent affordability calculator for a personalized estimate.
Saskatchewan rent rules
Saskatchewan has 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 for fixed-term leases at expiration
- Once per 12 months — Rent can only be increased annually
- Market-driven — Rents respond freely to supply and demand conditions
The absence of rent control, combined with affordable land costs, incentivizes new rental construction and helps keep the market balanced.
Key market drivers
Resource economy: Saskatoon’s economy is tied to potash, uranium, and agriculture. Commodity prices influence employment levels and rental demand.
University of Saskatchewan: The U of S is a major employer and source of student rental demand, particularly in the Nutana and Varsity View neighbourhoods.
Immigration: Saskatchewan’s Provincial Nominee Program brings steady population growth that supports rental demand.
Low barriers to construction: Affordable land and minimal regulatory barriers allow developers to respond to demand, keeping rents in check.
Related pages
- Canada Rental Market Data — national vacancy rates and average rent
- Regina Rental Market — Saskatchewan’s other CMA
- Edmonton Rental Market — nearby Alberta comparison
- Income in Saskatoon — 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