Rental Market Trends in Newfoundland and Labrador
C$1,077/month
Average Rent
+1.8%
Increase in the Last Year
+C$19
Average Price Increase
Ranked 2nd
Least Expensive Rent by Province
24
Available Rentals
Grand Falls-windsor, NL
City with the Lowest Rent
What is the average rent in Newfoundland and Labrador?
As of June 2025, the average rent in Newfoundland and Labrador is C$1,077/month. When you rent an apartment in Newfoundland and Labrador, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about C$1,075 per month for a studio, C$1,077 for a one-bedroom apartment, and around C$1,195 for a two-bedroom apartment in Newfoundland and Labrador. If you opt for a three-bedroom rental, you could pay C$1,202 or more.
Rent by City
What are the most affordable cities in Newfoundland and Labrador?
Based on current rent prices, the cheapest cities in Newfoundland and Labrador to live are Grand Falls-windsor and St John's.
What are the most expensive cities in Newfoundland and Labrador?
Based on current rent prices, the most expensive cities in Newfoundland and Labrador to live are St John's, Grand Falls-windsor and St. John's.
Nearby Province Markets
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.