08/02/2015 11:45 EDT | Updated 08/02/2015 11:59 EDT

Rental Apartments In Canada: What You Can Get For $1,500 Or Less

What it will get you in Charlottetown is NOT what it'll get you in Vancouver.


In Canada, we hear plenty of talk about how difficult it is to afford housing.

Much of that discussion concerns the cost of buying a home in a major market such as Toronto or Vancouver.

But what of rentals? How hard is it to find what you need with a median household income?

That depends entirely on where you're looking.

The Canada Mortgage and Housing Corporation (CMHC) considers a home affordable when it takes up less than 30 per cent of a household's before-tax income.

So to examine the challenges of renting in Canada, we took a household income of $60,000, which is below the median for every province. Then we looked at how tough it would be to rent a place for $1,500 per month — a round figure that accounts for approximately 30 per cent of a $60,000 annual salary.

In some cities, that's enough to rent, and eventually own a four-bedroom house. In others, it's enough to pay for a studio apartment.

Check out what's available to rent for $1,500 or less across Canada*:

Photo gallery What You Can Rent For $1,500 Across Canada See Gallery

*NOTE: Apartments in this slideshow were listed for rent on July 27. Their statuses may have changed since then.