5 Ontario Cities with the Most Affordable Rent for Tenants in 2024

As housing prices in Ontario continue to rise, renters are increasingly feeling the pressure. However, Ontario's housing landscape is diverse, featuring cities that still provide affordability, a high quality of life, and convenient local amenities.

In this article, we highlight five Ontario cities renowned for their affordable rental markets in 2024—perfect for those seeking to manage their expenses without compromising on lifestyle.

1. Windsor: Affordable City Living with Cross-Border Perks   

Average Rent: Rents for one- and two-bedroom apartments in Windsor are usually significantly lower than in larger cities like Toronto or Ottawa. Prices average around $1,200–$1,600 for a one-bedroom and up to $2,000 for larger apartments, depending on the area.

Why Windsor is Affordable: Windsor’s cost of living is among the lowest for a city its size. While it offers all the conveniences of urban living, Windsor has managed to keep rental rates and general costs low. Being near the U.S. border has created an economically diverse job market, particularly in sectors like manufacturing, healthcare, and education.

Lifestyle Highlights: Windsor is more than just a budget-friendly option. It’s a vibrant city offering waterfront parks, a thriving art scene, and ample job opportunities thanks to its proximity to Detroit. The University of Windsor attracts students from around the province, and there’s no shortage of cultural events, dining options, and recreational activities to enjoy.

For those seeking affordable rent Ontario 2024 options, Windsor combines urban perks with affordability, making it ideal for students, young professionals, and families alike. Working with a property management company like Royal York Property Management can make the process easier.

2. Sarnia: Lakeside Living at a Fraction of the Cost   

Average Rent: Sarnia provides some of Ontario’s most affordable rental options, with average rents for apartments around $1,300 to $1,700 per month.

Why Sarnia is Affordable: Sarnia offers the unique advantage of lakeside living without the high price tag. Living here means access to Lake Huron’s beaches and recreational activities, and while the city is smaller, it maintains an affordable cost of living across the board, from housing to utilities to groceries.

Lifestyle Highlights: Beyond affordable housing, Sarnia has a welcoming community vibe. With parks, marinas, and outdoor spaces, it’s ideal for those who enjoy water activities, walking trails, and a quieter lifestyle. The city’s economy supports various industries, particularly energy and petrochemicals, which contribute to steady employment options.

Sarnia is perfect for renters interested in affordable housing Ontario 2024 that offers a balance of nature, quiet living, and community-oriented amenities.

3. Chatham-Kent: Affordable Housing in Southern Ontario’s Countryside   

Average Rent: Average rents in Chatham-Kent range from $1,200 to $1,500 for a one-bedroom unit, with slightly higher rates for larger spaces.

Why Chatham-Kent is Affordable: This region offers a variety of housing options catering to different lifestyles and budgets. Smaller communities within Chatham-Kent have some of the lowest rents in Ontario, making it an attractive option for budget-conscious individuals.

Lifestyle Highlights: Chatham-Kent blends rural and small-town appeal with affordability. It’s a short drive from bigger cities, but far enough to enjoy a slower pace. The area offers everything from local shops to farmers' markets and seasonal festivals. With proximity to Lake Erie, residents enjoy outdoor activities and local events all year round.

If you’re seeking the cheapest cities for rent in Ontario, Chatham-Kent provides affordable options in a scenic setting.

4. Timmins: Northern Ontario’s Most Budget-Friendly City   

Average Rent: Timmins has some of the lowest rents in Ontario, with prices starting as low as $800 and ranging up to $1,400 for larger apartments.

Why Timmins is Affordable: Known for its mining heritage, Timmins benefits from low real estate costs, which helps keep rental prices accessible. It’s a small but self-sufficient city, and its economy remains strong thanks to the natural resources sector.

Lifestyle Highlights: Timmins is an ideal city for those who love outdoor recreation. With plenty of lakes, trails, and forests nearby, it’s perfect for activities like fishing, snowmobiling, and hiking. The community is tight-knit, with local events and gatherings providing a warm, welcoming environment.

Timmins is an affordable housing Ontario choice for those who appreciate nature and are looking for a slower pace with plenty of outdoor opportunities.

5. North Bay: Scenic and Affordable Northern Living   

Average Rent: North Bay offers rental prices between $1,200 and $1,800, depending on the size and location of the property.

Why North Bay is Affordable: North Bay combines affordable living with natural beauty, making it a unique choice for renters. While not as isolated as some other Northern Ontario cities, North Bay provides lower rental rates, likely due to its distance from the Greater Toronto Area (GTA).

Lifestyle Highlights: Situated between Lake Nipissing and Trout Lake, North Bay offers lakeside scenery, hiking trails, and excellent fishing spots. The local economy is diverse, with opportunities in education, healthcare, and retail. North Bay also has a vibrant arts community and a strong sense of local pride, evident in community events and festivals throughout the year.

For renters looking to escape the high costs of southern Ontario cities, North Bay presents an excellent affordable rent Ontario 2024 choice with a great blend of nature, community, and local amenities.

Why These Cities Stand Out for Affordable Rent in Ontario 2024   

The rising cost of living has affected nearly every part of Ontario, yet cities like Windsor, Sarnia, Chatham-Kent, Timmins, and North Bay continue to offer budget-friendly options without sacrificing access to amenities and quality of life.

Here’s what makes these cities stand out for renters:

• Lower Cost of Living: Each city offers affordable rent Ontario 2024 options along with lower utility costs, groceries, and local services.

• Strong Community Vibes: These cities are known for their close-knit communities, making them ideal for families, young professionals, and retirees.

• Diverse Economies: From education and healthcare to mining and manufacturing, these cities offer employment opportunities across various sectors, allowing renters to find a balance between work and lifestyle.

• Natural Beauty and Recreation: Especially in Northern Ontario cities like Timmins and North Bay, residents enjoy access to lakes, trails, and parks, making them perfect for outdoor enthusiasts.

How to Find Affordable Rentals in These Cities   

If you’re considering moving to one of these affordable cities, partnering with a trusted property management company can help simplify the process. Royal York Property Management offers a range of rental listings across Ontario, including in Windsor, Sarnia, Chatham-Kent, Timmins, and North Bay.

With a large selection of properties, tenant support services, and commitment to quality, Royal York Property Management can help you find a home that fits your needs and budget.

Final Thoughts 
While rental prices may continue to increase in Ontario’s major urban centers, these cities offer hope for renters looking to maintain a balanced budget. From lakeside living in Sarnia to Northern Ontario’s charm in North Bay and Timmins, Ontario offers diverse affordable housing Ontario options in 2024.

Ready to Make a Move? 
Explore available listings with Royal York Property Management today. Our team is here to help you find a rental home that suits your budget, lifestyle, and preferences. Reach out to us to discover the best rental options Ontario has to offer in 2024.

Edona Shala
T.  (833) 666-3306
E.  [email protected]
W. royalyorkpropertymanagement.ca