Lethbridge & Area Apartment Vacancy Rate Falls to 4.7%

The local vacancy rate for apartments has fallen, but the average cost of renting a place has jumped.

It's been getting a bit harder to find a place to rent in the Lethbridge area.

The local vacancy rate fell to 4.7% in October, down from 5.1% at this same time last year. Canada Mortgage and Housing Corporation (CMHC) releasing its latest rental data Wednesday.

It shows the biggest drop in the vacancy rate here is in bachelor suites to 3.4%. In total, t he number of apartments in the region being rented was 2715, up from 2656 a year ago.

As for the average rent for an apartment in the Lethbridge Census Metropolitan Area (CMA), it sits at $937 a month right now, a jump from $898 dollars a year ago.

The numbers are compiled with data from the City of Lethbridge, Lethbridge County as well as Coaldale, Coalhurst, Barons, Picture Butte, and Nobleford.

More from Lethbridge News

Recently Played