25 Cheapest Places to Live in Canada in 2024

Looking for the cheapest places to live in Canada? You’re not alone. With the rising cost of living in major Canadian cities, more individuals and families are looking for budget-friendly cities where they can enjoy a perfect blend of a comfortable lifestyle and affordability.

Cities like Toronto, Montreal, and Vancouver are known for their high housing and living costs that cut deep into your budget. Fortunately, there are several cities across Canada that offer a more affordable lifestyle while maintaining quality.

In this blog post, we’ll explore the most budget-friendly cities in Canada. We will unveil the top 25 cheapest places to live in Canada, ranking them based on various factors such as property affordability, job market growth, rental market prices, and overall cost of living.

So if you’re ready to discover your next budget-friendly haven in Canada, buckle up and let’s dive into the exciting world of the cheapest places to live in Canada.

Top 25 Cheapest Places to Live in Canada for 2024

Canada is known for its high standard of living, but that doesn’t mean you have to break the bank to enjoy it. From coast to coast, there are many places offering affordable housing, a thriving community, and a reasonable cost of living.

Here, we will reveal the top 25 cheapest places to live in Canada for 2024. Whether you’re a family looking to settle down or an individual seeking an affordable city, we’ve got you covered.

Now, let’s dive into the list. Please note that these cities are presented in no particular order. Each has its unique charm and affordability factor, making them worth considering for your next move.

1. Brockville, Ontario

Population: up to 219,000
Cost of living for a single person: $1,540
Average cost of renting a single room: $632
Average cost of utilities (Water, Hydro, etc.): $81.7 for a single person and $126 for family
Average monthly cost of living for one person without rent: $1389
Average monthly cost of living for a typical family: $3,568

Formerly known as Elizabethtown, Brockville is a charming city in Eastern Ontario, north of the majestic Saint Lawrence River. It boasts a range of exciting tourist attractions, including the renowned Brockville Tunnel, the captivating Aquatarium, and the historic Fulford Place.

Besides its rich offerings, Brockville is one of Canada’s most affordable living places. With its pleasant, humid climate, Brockville provides residents with a comfortable and welcoming environment.

The city takes pride in its commitment to ensuring the safety and security of its residents, creating a peaceful and tranquil atmosphere. Moreover, the neighbourhoods in Brockville are known for their friendly and amicable atmosphere, fostering a strong sense of community.

In terms of affordability, Brockville offers a cost of living that is highly attractive. The average cost of living in the city is estimated to be around $1389, making it a budget-friendly choice for individuals and families. Additionally, the average cost of a one-bedroom apartment in Brockville is approximately $632, providing affordable housing options for residents.

2. Drummondville, Quebec

Population: up to 79,200
Cost of living for a single person: $1158
Average cost of renting a single room: $632
Average cost of utilities (Water, Hydro, etc.): $47 for a single person and $72.1 for family
Average monthly cost of living for one person without rent: $1284
Average monthly cost of living for a typical family: $2781

Drummondville, situated in the Centre-du-Québec region of Quebec, is home to the charming Village Québécois d’Antan. It is renowned as a top tourist destination in Quebec and is recognised for its high level of safety, making it an appealing place to reside.

For French speakers, Drummondville offers the advantage of being one of Canada’s most affordable places to live. While English and other languages are spoken in Drummondville, French remains the predominant language.

The average cost of living in Drummondville is $1284, and the average rent for a one-bedroom apartment is $632.

3. Sherbrooke, Quebec

Population: up to 161,323
Cost of living for a single person: $924.89
Average cost of a family home: $249,000
Average cost of renting a single room: $309
Average cost of utilities (Water, Hydro, etc.): $39.7 for a single person and $60.2 for family
Average monthly cost of living for one person without rent: $937
Average monthly cost of living for a typical family: $2,569

Sherbrooke, the 6th largest city in Quebec, holds a significant position as the cultural and economic hub of Estrie. It is renowned for its diverse makeup and draws the attention of both locals and visitors.

As the primary urban centre in Quebec, Sherbrooke boasts a thriving student population spread across its eight esteemed educational institutions. This influx of students contributes to the city’s vibrant atmosphere and fosters a rich intellectual environment.

One of the city’s standout features is its breathtaking natural surroundings, offering abundant outdoor activities. From majestic mountains to captivating ski hills, tranquil lakes, and winding rivers, Sherbrooke’s outdoor expression captivates tourists from all corners of the globe.

In terms of affordability, Sherbrooke presents an appealing option. The average cost of living here is $937, providing residents with a reasonable standard of living. Additionally, the average cost of a one-bedroom apartment is $309, making it an attractive prospect for individuals seeking affordable housing.

4. Longueuil, Quebec

Population: up to 252,000
Cost of living for a single person: $1261
Average cost of renting a single room: $423
Average cost of utilities (Water, Hydro, etc.): $45.5 for a single person and $69.4 for family
Average monthly cost of living for one person without rent: $1123
Average monthly cost of living for a typical family: $3,080

Longueuil, situated on the south shore of the Saint Lawrence River, is one of Quebec’s cities. It serves as the central city of the urban agglomeration of Longueuil and is located within the Montérégie administrative region.

Longueuil boasts a thriving aerospace industry, housing numerous companies. It is also home to the Canadian Space Agency’s headquarters and the John H. Chapman Space Centre.

When it comes to living expenses, Longueuil offers an affordable lifestyle. The average cost of living here is $1,123, and you can find a one-bedroom apartment at an average cost of $423.

5. Thunder Bay, Ontario

Population: up to 112,909
Cost of living for a single person: $1415
Average cost of a family home: $276,289
Average cost of renting a single room: $505
Average cost of utilities (Water, Hydro, etc.): $103 for a single person and $158 for family
Average monthly cost of living for one person without rent: $1,281.00
Average monthly cost of living for a typical family: $3,192

Thunder Bay, also called Lakehead, is a charming city in northwestern Ontario, offering a picturesque setting amidst breathtaking national parks and untamed wilderness. Thunder Bay proudly houses prestigious institutions such as Lakehead University and the renowned company Resolute Forest.

When it comes to the cost of living, Thunder Bay offers an affordable lifestyle. On average, residents here spend approximately $1,281 to meet their monthly expenses.

Additionally, a one-bedroom apartment costs approximately $505, making it an attractive choice for those seeking comfortable and reasonably priced accommodation.

6. Bécancour, Quebec

Population: up to 12,438
Cost of living for a single person: $1413
Average cost of a family home: $276,289
Average cost of renting a single room: $663
Average cost of utilities (Water, Hydro, etc.): $153.78
Average monthly cost of living for one person without rent: $1103.29
Average monthly cost of living for a typical family: $4083.70

Bécancour is a charming city in Quebec, situated in the Centre-du-Québec region and conveniently close to Trois-Rivières. This industrious city offers a vibrant culture and hosts exciting events such as the maritime pumpkin race, balloon festival, and a fascinating biodiversity museum and interpretation centre.

The cost of living here is 30% lower than the national average, making it an attractive option for individuals seeking an affordable lifestyle. A single person can expect to spend around $898 monthly on living expenses.

Overall, Bécancour presents a delightful combination of cultural experiences, engaging events, and a cost of living that won’t break the bank.

7. Moncton, New Brunswick

Population: up to 85,198
Cost of living for a single person: $1276
Average cost of renting a single room: $469
Average cost of utilities (Water, Hydro, etc.): $104 for a single person and $160 for family
Average monthly cost of living for one person without rent: $1,194
Average monthly cost of living for a typical family: $2721

This city is situated in the southeastern part of New Brunswick. Moncton is a bilingual city with French and English as its primary languages. It is a favourite destination for nature enthusiasts due to its proximity to national parks and beaches.

In terms of living expenses, the average cost of living in Moncton is $1194, and the average price for a one-bedroom apartment is $469.

8. Halifax, Nova Scotia

Population: up to 431,479
Cost of living for a single person: $1,209.69
Average cost of a family home: $406,000
Average cost of renting a single room: $635
Average cost of utilities (Water, Hydro, etc.): $439
Average monthly cost of living for one person without rent: $1,495
Average monthly cost of living for a typical family: $2,569

Halifax, the capital of Nova Scotia, is a prominent economic centre in eastern Canada, boasting a strong presence of government services and private businesses. The city thrives in various industries, including agriculture, forestry, fishing, and mining.

In terms of living expenses, Halifax maintains an average cost of living at $1495, which encompasses a range of essential expenses. Additionally, for those seeking accommodation, a one-bedroom apartment costs $635, making it a relatively affordable option for residents.

9. Laval, Quebec

Population: up to 48988
Cost of living for a single person: $1540
Average cost of a family home: $367,990
Average cost of renting a single room: $475
Average cost of utilities (Water, Hydro, etc.): $81.7 for a single person and $126 for family
Average monthly cost of living for one person without rent: $1252
Average monthly cost of living for a typical family: $3568

Laval is Canada’s 13th most popular city and the largest suburb of Montreal, situated on Île Jésus. It boasts four major industrial parks and a thriving economy centred around technology, retail, industry, and pharmaceuticals.

In terms of the cost of living, Laval offers an affordable lifestyle. The average cost of living in the city is $1,252, making it an attractive option for residents. Additionally, the average cost of a one-bedroom apartment in Laval is only $475, further contributing to its affordability.

10. St. Catharines, Ontario

Population: up to 420,813
Cost of living for a single person: $1,673
Average cost of a family home: $730,000
Average cost of renting a single room: $618
Average cost of utilities (Water, Hydro, etc.): $90.4 for a single person and $139 for family
Average monthly cost of living for one person without rent: $1,329
Average monthly cost of living for a typical family: $3675

St. Catharines in Canada is an ideal choice for seniors and individuals seeking an affordable and comfortable city to reside in. Known for its affordability, this city stands out as one of the cheapest places to live.

Situated in the beautiful Niagara Region, St. Catharines offers many outdoor activities for residents to enjoy. As the sixth-largest urban area in Ontario, it provides ample opportunities for recreation and exploration.

In addition to its natural attractions, St. Catharines boasts a strong service and manufacturing industry, contributing to its vibrant economy. The city is also conveniently located near esteemed educational institutions, such as Brock University and Niagara College.

Considering the cost of living, St. Catharines proves to be budget-friendly. The average monthly expenses amount to $1329, while a one-bedroom apartment can be rented for an average of $618, making it an attractive option for individuals on a modest budget.

11. Kelowna, British Columbia

Population: up to 217,214
Cost of living for a single person: $1,678
Average cost of renting a single room: $724
Average cost of utilities (Water, Hydro, etc.): $91.5 for a single person and $142 for family
Average monthly cost of living for one person without rent: $1,510
Average monthly cost of living for a typical family: $3950

Kelowna is a charming city nestled in the southern region of British Columbia, specifically in the picturesque Okanagan Valley. It boasts a breathtaking landscape, enveloped by lush vineyards, serene provincial parks, majestic mountains, fragrant orchards, and captivating pine forests.

The city’s thriving economy is primarily fueled by the service industry, contributing to its growth and development. Kelowna is a popular tourist destination, attracting visitors from far and wide enticed by the myriad outdoor activities.

Considering the cost of living, Kelowna provides a relatively affordable lifestyle. The average monthly expenses are $1,510, while the average cost of renting a cosy one-bedroom apartment is $724.

12. Montreal, Quebec

Population: up to 1,800,000
Cost of living for a single person: $1,598
Average cost of a family home: $565,421
Average cost of renting a single room: $558
Average cost of utilities (Water, Hydro, etc.): $52.4 for a single person and $80.8 for family
Average monthly cost of living for one person without rent: $1447
Average monthly cost of living for a typical family: $3748

Montreal, the most populous city in Quebec and the second-largest economy in Canada is a prominent media and entertainment hub within the province. Moreover, it is home to two of the five major banks in the country, namely the Royal Bank of Canada and the Bank of Montreal.

In terms of living expenses, the average cost of living in Montreal is $1447, with the average cost of a one-bedroom apartment being $558.

13. Niagara Falls, Ontario

Population: up to 418,189
Cost of living for a single person: $2189
Average cost of a family home: $693,393
Average cost of renting a single room: $647
Average cost of utilities (Water, Hydro, etc.): $198for a single person and $303 for family
Average monthly cost of living for one person without rent: $1,483
Average monthly cost of living for a typical family: $4531

Niagara Falls, situated at the iconic waterfalls in Ontario, is not only a popular tourist destination but also known for its affordability. The local economy thrives on tourism and service industries, making it an attractive place to live.

In terms of living expenses, Niagara Falls offers a budget-friendly environment. The average cost of living here is around $1483, which includes various expenses. Additionally, the average cost of renting a one-bedroom apartment is approximately $647, providing an affordable housing option for residents.

14. Winnipeg, Manitoba

Population: up to 864026
Cost of living for a single person: $1,540
Average cost of renting a single room: $608
Average cost of a family home: $364,817
Average cost of utilities (Water, Hydro, etc.): $135 for a single person and $205 for family
Average monthly cost of living for one person without rent: $1,425
Average monthly cost of living for a typical family: $4389

Winnipeg, the capital city of Manitoba, is the province’s largest urban centre, boasting over 700,000 residents. The city’s economy thrives on diverse industries such as manufacturing, trade, healthcare, insurance, and education.

In terms of the cost of living, Winnipeg offers affordability compared to other major Canadian cities. Winnipeg’s average cost of living is approximately $1425, making it an attractive choice for many individuals and families.

Furthermore, the average price for a one-bedroom apartment in the city is around $608, providing a reasonable housing option for those looking to reside in Winnipeg.

15. Kitchener, Ontario

Population: up to 51,368
Cost of living for a single person: $1,942
Average cost of a family home: $841,764
Average cost of renting a single room: $599
Average cost of utilities (Water, Hydro, etc.): $118 for a single person and $183 for family
Average monthly cost of living for one person without rent: $1,348
Average monthly cost of living for a typical family: $4515

Kitchener, a city in Ontario, is renowned for its thriving modern community and dynamic business scene. The economy of Kitchener is primarily propelled by the manufacturing and technology sectors, contributing to its impressive low unemployment rate compared to other cities in Canada.

The average cost of living in Kitchener is $1348, with the average price of a one-bedroom apartment being $599.

16. Lévis, Quebec

Population: up to 150,000
Cost of living for a single person: $1,546
Average cost of renting a single room: $644
Average cost of utilities (Water, Hydro, etc.): $102 for a single person and $158 for family
Average monthly cost of living for one person without rent: $1,406
Average monthly cost of living for a typical family: $3612

Lévis, located in Canada, is a budget-friendly city with a population of over 140,000. Most residents here are fluent in French, their primary language. Lévis boasts a diversified economy, with prominent sectors including manufacturing, shipbuilding, and refineries.

In terms of affordability, the cost of living in Lévis is quite reasonable, with an average monthly expense of $1406. Individuals seeking accommodation can also find affordable options, such as one-bedroom apartments averaging $644.

17. Edmonton, Alberta

Population: up to 1,491,000
Cost of living for a single person: $2,103
Average cost of a family home: $470400
Average cost of renting a single room: $633
Average cost of utilities (Water, Hydro, etc.): $149 for a single person and $232 for family
Average monthly cost of living for one person without rent: $1,536
Average monthly cost of living for a typical family: $4653

Edmonton, the capital city of Alberta province, is situated on the North Saskatchewan River. It is home to the University of Alberta, ranked as the sixth-best university in Canada.

Renowned as the festival city of Canada, Edmonton is known for its vibrant cultural festivals and rich heritage, which draw in tourists from far and wide.

In terms of affordability, the average cost of living in Edmonton is $1536, with the average cost of a one-bedroom apartment being $633.

18. Saskatoon, Saskatchewan

Population: up to 330,674
Cost of living for a single person: $1,609
Average cost of renting a single room: $588
Average cost of utilities (Water, Hydro, etc.): $153 for a single person and $242 for family
Average monthly cost of living for one person without rent: $1,415
Average monthly cost of living for a typical family: $4683

Saskatoon, the largest city in Saskatchewan, boasts a population of over 300,000. Renowned for its numerous bridges, this Canadian city is often ranked among the sunniest destinations in the country.

Saskatoon’s economy thrives on the potash and oil sectors, making it home to Nutrien’s headquarters, the world’s largest potash company.

Despite its economic prowess, living costs in Saskatoon remain relatively affordable. The average cost of living here is around $1415, and you can expect to find a one-bedroom apartment for an average price of $588.

19. Rouyn-Noranda, Quebec

Population: up to 43,200
Cost of living for a single person: $1,050
Average cost of renting a single room: $331
Average cost of utilities (Water, Hydro, etc.): $48.8 for a single person and $74.9 for family
Average monthly cost of living for one person without rent: $994
Average monthly cost of living for a typical family: $3207

Rouyn-Noranda is a city in Quebec, Canada, with a population exceeding 42,000. The majority of its residents speak French as their first language. Known as the National Copper Capital, Rouyn-Noranda owes its nickname to the thriving copper industry that drives its economy.

In terms of affordability, the cost of living in Rouyn-Noranda is relatively reasonable. Monthly expenses amount to $994, and the average rent for a one-bedroom apartment is $331.

20. Kingston, Ontario

Population: up to 594,531
Cost of living for a single person: $1,963
Average cost of a family home: $464,083
Average cost of renting a single room: $1,475
Average cost of utilities (Water, Hydro, etc.): $104 for a single person and $159 for family
Average monthly cost of living for one person without rent: $994
Average monthly cost of living for a typical family: $4955

Renowned as the “Limestone” city, Kingston is situated in the eastern region of Lake Ontario. It boasts a rich military heritage and shares its name with Jamaica’s capital.

Kingston’s key employment sectors include healthcare, public education, public institutions, tourism, and government. The city offers diverse opportunities in these fields.

Regarding the cost of living, the average expense in Kingston amounts to $994, while the average price for a one-bedroom apartment is $1475.

21. Nanaimo, British Columbia

Population: up to 103,071
Cost of living for a single person: $2172
Average cost of a family home: $769,700
Average cost of renting a single room: $661
Average cost of utilities (Water, Hydro, etc.): $103 for a single person and $159 for family
Average monthly cost of living for one person without rent: $1,481
Average monthly cost of living for a typical family: $5061

Nanaimo, also known as the harbour city, is situated in British Columbia. It boasts the renowned Vancouver Island University as its main campus. With the provincial government serving as the primary employer, Nanaimo is one of Canada’s most affordable places to live.

On average, living here costs $1481, while a one-bedroom apartment costs approximately $661.

22. Regina, Saskatchewan

Population: up to 263,184
Cost of living for a single person: $1,839
Average cost of a family home: $307,900
Average cost of renting a single room: $612
Average cost of utilities (Water, Hydro, etc.): $120 for a single person and $184 for family
Average monthly cost of living for one person without rent: $1,370
Average monthly cost of living for a typical family: $4,357

Regina, the capital city of Saskatchewan, boasts a population exceeding 200,000 and offers numerous parks and attractions. The city’s economy heavily relies on Potash, natural gas, and oil, with major employers being the health and service sectors.

It’s worth noting, however, that Regina has gained a reputation as one of the more unsafe cities in Canada. Despite this, the average living cost in Regina is $1370, while a one-bedroom apartment costs around $612 on average.

23. Red Deer, Alberta

Population: up to 107,646
Cost of living for a single person: $1,816
Average cost of a family home: $346,821
Average cost of renting a single room: $556
Average cost of utilities (Water, Hydro, etc.): $149 for a single person and $228 for family
Average monthly cost of living for one person without rent: $1,378
Average monthly cost of living for a typical family: $4,286

Red Deer is a city located in Alberta with a population exceeding 100,000, and most of its residents live in urban areas. While it is known for being one of the more affordable places to live in Canada, it is unfortunately considered one of the country’s more dangerous cities.

The average cost of living in Red Deer is $1378, and you can expect to pay around $556 for a one-bedroom apartment.

24. Cornwall, Ontario

Population: up to 46,600
Cost of living for a single person: $1,332
Average cost of renting a single room: $398
Average cost of utilities (Water, Hydro, etc.): $36.7 for a single person and $56.5 for family
Average monthly cost of living for one person without rent: $1,050
Average monthly cost of living for a typical family: $3,986

Cornwall, a city situated in eastern Ontario, is known for its proximity to the majestic Saint Lawrence River, marking the beginning of the US-Canada border. Cornwall stands out as one of Canada’s most affordable living places, boasting a diverse economy.

The average cost of living in this city is $1050, and you can find a comfortable one-bedroom apartment for an average cost of $398.

25. London, Ontario

Population: up to 383,822
Cost of living for a single person: $1,970
Average cost of a family home: $690,861
Average cost of renting a single room: $579
Average cost of utilities (Water, Hydro, etc.): $97.6 for a single person and $151 for family
Average monthly cost of living for one person without rent: $1,333
Average monthly cost of living for a typical family: $4,621

London, a city in Ontario, Canada, is the last location on my list of affordable places to live. Despite its shared name with the UK’s capital city, London, Ontario, offers distinct advantages. With a population of over 300,000, London serves as a regional hub for education and healthcare.

It houses renowned institutions like TD Canada Trust and Western University, making it a focal point for healthcare research and IT development. In terms of affordability, the average cost of living in London is $1333, and you can find a one-bedroom apartment for an average of $579.

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Final Thoughts on the Cheapest Places to Live in Canada

I’ve shared with you some of the cheapest places to live in Canada, providing you with valuable insights to help you make an informed decision about your next home.

Whether you’re seeking affordability, a vibrant community, or access to excellent educational and healthcare institutions, Canada has something to offer everyone.

Take the next step and explore these budget-friendly destinations, unlock new opportunities, and start building a life in one of these affordable Canadian cities. Begin your journey towards a more affordable and fulfilling lifestyle today!