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Hamilton Spectator
12-07-2025
- Business
- Hamilton Spectator
Average rent for one-bedroom apartment in Hamilton remains over $1,700
While the average rent for an apartment in Hamilton dropped slightly in June, rental prices remain much higher than those seen in years prior. One-bedroom units in the city cost new renters an average of $1,787 per month in June — down from $1,824 in May, according to a national rent report from property listing service . Despite the drop, prospective renters looking at one-bedroom apartments last month would have paid similar rates to those seen in June 2024, when the same kind of unit rented for an average price of $1,780 per month. The average rent for a vacant two-bedroom unit in the city was $2,073 in June, down $32 from May and a $57 drop from June 2024, when the same type of unit cost, on average, $2,130. Even with rents stabilizing and often declining in the city over the last several months, rents in Hamilton — as well as across Canada — remain far higher than they were three years ago, noted the report. Back in June 2021, new tenants in Hamilton were looking at paying roughly $1,436 for the average one-bedroom apartment in the city, while a two-bedroom unit went for $1,772 per month, according to a past report . Meanwhile, during the past five years, the average rent for a one-bedroom apartment in Hamilton has at times surpassed $1,900 per month, while rent for a two-bedroom unit has reached more than $2,300 per month. Hamilton ranked 32nd in rental costs among the 60 Canadian communities included in the report. Rental rates in the city also remain well below both the national and provincial averages. Some neighbouring communities continue to outpace Hamilton in rental rates, while other nearby cities are more affordable, according to the report. In Burlington, the average monthly rate of a one-bedroom apartment was $2,159 last month, while two-bedroom units cost $2,573. In Guelph, the average price of a one-bedroom apartment was $1,987 last month, while the rent for two-bedroom units was $2,345. Meanwhile in London, the average price of a one-bedroom apartment was $1,746 last month, while the rent for a two-bedroom unit was $2,116. 's latest rankings, analyzed and written by residential real estate research firm Urbanation, are the average of all monthly listings from and . They include basement apartments, condos and units in single-detached homes.
Hamilton Spectator
11-06-2025
- Business
- Hamilton Spectator
Average rent for two-bedroom apartment in Hamilton remains over $2K
Average rent for a one-bedroom apartment in Hamilton fell slightly in May, but prices remain well above what was seen in years prior. According to a national rent report from property listing service , one-bedroom units in the city cost new renters an average of $1,824 per month in May — down from $1,831 in April, which marked the first monthly price increase of the year. The average rent for a one-bedroom apartment had held steady at $1,720 through the first three months of 2024 before the April increase. While Hamilton rents fell just slightly, the report noted that across Canada, rents have seen some growth this spring, matching 'seasonal trends' as more renters enter the market. For the first time in months, prospective renters looking at one-bedroom apartments last month would have also likely paid more than they would have last year — in May 2024, the same kind of unit rented for, on average, $1,806. The average rent for a vacant two-bedroom unit in the city was $2,105 last month, down $77 from April and a $60 drop from May 2024, when the same type of unit cost $2,165. While national rents have steadily declined over the last eight months, the report noted average asking rents have grown annually over the last five years — resulting in the erosion of affordability since the beginning of the pandemic. During the past five years, the average rent for a one-bedroom apartment in Hamilton has at times surpassed $1,900 per month, while rent for a two-bedroom unit has reached more than $2,300 per month. Five years ago, the average one-bedroom apartment in Hamilton rented for $1,468, while a two-bedroom unit went for $1,722 per month, according to a past report . Hamilton ranked 31st in rental costs among the 60 Canadian communities included in the report. Rental rates in the city remain well below both the national and provincial averages, according to the report. Some neighbouring communities continue to outpace Hamilton in rental rates, while other nearby cities are more affordable, according to the report. In Burlington, the average monthly rate of a one-bedroom apartment was $2,183 last month, while two-bedroom units cost $2,585. In Guelph, the average price of a one-bedroom apartment was $2,009 last month, while the rent for two-bedroom units was $2,334. Meanwhile, in Brantford, the average price of a one-bedroom apartment was $1,801 last month, while the rent for a two-bedroom unit was $2,068. 's latest rankings, analyzed and written by residential real estate research firm Urbanation, are the average of all monthly listings from and . They include basement apartments, condos and units in single-detached homes.
