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Rental Market Trends in Charlottetown, PE

Updated August 2026

The average rent in Charlottetown, PE is $817/month.

$817/month

Average Rent

487 Sq Ft

Average Size

+0.8%

Change / Year

18

Available Apartments

Charlottetown rent varies by unit size and layout:

  • Studio apartments in Charlottetown average $492 per month.
  • One-bedroom apartments in Charlottetown average $817 per month.
  • Two-bedroom apartments in Charlottetown average $1,183 per month.
  • Three-bedroom apartments in Charlottetown average $1,526 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$492/month
0 Sq Ft
One Bedroom
$817/month
487 Sq Ft
Two Bedroom
$1,183/month
858 Sq Ft
Three Bedroom
$1,526/month
1,408 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,072/month
0 Sq Ft
View Charlottetown Apartments

How much has average rent changed in Charlottetown, PE?

In the past year, rent has increased by 0.8%, which averages out to $7 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Charlottetown, PE

August 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Charlottetown, PE
Percentage*
Rent Range
0% Below $700/month
53% $700 - $1,000/month
33% $1,001 - $1,500/month
7% $1,501 - $2,000/month
7% Above $2,000/month

What salary do I need to live comfortably in Charlottetown, PE?

Because the average rent in Charlottetown is $817, you’ll want to make about $2,723 per month or $32,676 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Charlottetown, PE

18 Available Apartments for Rent

Search for Nearby Apartments

How does Charlottetown, PE compare to other nearby cities and neighbourhoods?

Use the tool below to compare Charlottetown, PE to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Charlottetown Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Stratford

    Stratford

    Avg Rent: $1,005/month

Apartment Communities in Charlottetown We Think You'll Love

4 Brighton Rd

4 Brighton Rd

4 Brighton Rd,
Charlottetown, PE C1A 1T4

1 Bed | $750

265 Grafton St

265 Grafton St

265 Grafton St,
Charlottetown, PE C1A 1L6

1 Bed | $750

267 Grafton St

267 Grafton St

267 Grafton St,
Charlottetown, PE C1A 1L6

1 Bed | $800

6 Trainor

6 Trainor

6 Trainor,
Charlottetown, PE C1A 4K9

4 Beds | $2,700

Frequently Asked Questions

What is the average rent in Charlottetown?

The average rent in Charlottetown is $817 per month, which is 53.6% lower than the national average of $1,762.

Are rents going up or down in Charlottetown?

Rents in Charlottetown, PE are increasing, with prices up 0.8% year-over-year and $7 more per month.

What rent range is most common in Charlottetown?

In Charlottetown, PE, 53% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

Canada Prince Edward Island Charlottetown Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity