<\/strong>By number of bedrooms<\/p>\n\n\n\n
![\"\"](\"https:\/\/condoy.com\/wp-content\/uploads\/2024\/06\/rb-gi-student-rent-0621-desktop-1.png\" "\\"\\"")
<\/figure>\n\n\n\n*Rental data with fewer than 12 listings are not shown.
MURAT Y\u00dcKSELIR \/ THE GLOBE AND MAIL, SOURCE: RENTALS.CA<\/p>\n\n\n\n
However in other communities such as Hamilton and Calgary, certain types of rentals near campus were actually cheaper than in the rest of the city<\/p>\n\n\n\n
That doesn\u2019t mean students are always getting a great deal in those cities. Ms. Geddie said housing near campuses can often be smaller, older and deteriorating, with landlords who are less inclined to improve the quality of their units.<\/p>\n\n\n\n
Mr. Aizikov added one possible reason for the lower prices is that there is more likely to be luxurious and expensive listings in other parts of a city.<\/p>\n\n\n\n
One thing is clear to both Mr. Aizikov and Ms. Geddie: rentals near campuses have skyrocketed to unimaginable levels for students.<\/p>\n\n\n\n
Mr. Aizikov remembers students paying around $500 or $600 a month to share a room when he was at Toronto Metropolitan University in 2012. Today, the average listing for a three-bedroom house was just under $4,400 dollars a month, which would cost just under $1,500 per room.<\/p>\n\n\n\n
\u201cOn-campus housing just hasn\u2019t maintained its rate of growth compared to the growth of the student population, and this has created large challenges,\u201d Mr. Aizikov said.<\/p>\n\n\n\n
Below, we outline and chart some of the universities with off-campus housing that is expensive, cheap, or somewhat similar to regular rentals. To ensure a large-enough sample size, we used an average of three-month\u2019s worth of listings near campuses, and compared them with Rentals.ca\u2019s monthly rent report for May.<\/p>\n\n\n\n
Where off-campus housing is at a premium
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University of Alberta, Edmonton: expensive two- and three-bedroom units<\/strong><\/p>\n\n\n\n While studios and one-bedroom apartments are priced similarly near the University of Alberta when compared with other parts of the city, two- and three-bedroom houses were noticeably more expensive at $1,845 and $2,354 respectively. That compares with $1,718 and $1,979 respectively across Edmonton. It points to increased demand for share houses near the university.<\/p>\n\n\n\n McGill University: more expensive across the board<\/strong><\/p>\n\n\n\n Montreal may be known for its relatively cheap rent, but McGill\u2019s downtown location and the city\u2019s reputation as a student town may be why rent is more expensive near the university than in the rest of the city.<\/p>\n\n\n\n Every type of rental, from studios to three-bedroom apartments were more expensive in the vicinity of McGill, but three-bedroom units had the largest disparity: $3,256 near McGill, but $2,745 in the rest of Montreal.<\/p>\n\n\n\n University of Toronto and Toronto Metropolitan University: three-bedroom units at a premium<\/strong><\/p>\n\n\n\n Smaller units, while exceptionally expensive, were still near equal to city-wide averages for one-bedroom and two-bedroom apartments across Toronto. Three-bedroom units were at a premium in these downtown Toronto locations, however, and would cost roughly $1,400 per room, with the average listing for a three-bed unit sitting at just under $4,400 near TMU and $4,428 near U of T.<\/p>\n\n\n\n One-bedroom houses are cheaper near Brock University in St. Catharines, Ont.<\/strong><\/p>\n\n\n\n Rent has risen considerably in St. Catharines, Ont., since the pandemic, but one-bedroom apartments near Brock University remained at significantly lower prices at $1,195 compared with $1,698 in the rest of the city<\/p>\n\n\n\n One- and three-bedroom houses near University of Calgary<\/strong><\/p>\n\n\n\n University of Calgary\u2019s relatively suburban location could be one factor for its lower rental rates in the one-bed and three-bed category. Three-bed units were roughly $100 cheaper near the University of Calgary at $2,588, although that only represents a savings of roughly $33 per room.<\/p>\n\n\n\n It\u2019s still a notable difference, as the city and province has seen high numbers of interprovincial migration since the pandemic, which has put pressure on housing supply.<\/p>\n\n\n\n One- and three-bedroom houses near McMaster University in Hamilton<\/strong><\/p>\n\n\n\n One-bedroom units were only slightly cheaper in Hamilton, but three-bedroom units were considerably cheaper near McMaster at $2,349. That compares with $2,797 across the city.<\/p>\n\n\n\n Carleton University: cheap one-bedroom apartments, but expensive three-bedroom share houses<\/p>\n\n\n\n One-bed apartments are noticeably cheaper near Carleton than in the rest of the city, but they are generally at a very unaffordable price of $1,603 for students, especially when they can still expect to pay roughly $1,100 per room in a three-bedroom unit near Carleton.<\/p>\n\n\n\n Queen\u2019s University: slightly cheaper one- and two-bedroom apartments, expensive three-bedroom apartments<\/strong><\/p>\n\n\n\n Kingston has a reputation as a student town, and that might play into why one-bedroom apartments are a little cheaper near Queen\u2019s University: that apartment type is generally unaffordable for students at $1,434.<\/p>\n\n\n\n Three-bedroom units were fairly pricey near campus at $2,537 compared with $2,282 across the city.<\/p>\n\n\n\nWhere off-campus housing was cheaper<\/h2>\n\n\n\n
Expensive cities where off-campus housing varies by property type<\/h2>\n\n\n\n