Here are the key figures shaping the Saskatoon rental market in 2026:
Data sources include CMHC’s Rental Market Survey, Zumper, Rentals.ca, and the Saskatchewan REALTORS Association.
Vacancy: CMHC forecasts Saskatoon’s rental vacancy rate to edge higher in 2026, reaching near 3.3%. The increase is driven by purpose-built rental completions and stronger new-supply pipelines along transit corridors.
Rents: Despite more supply, average rents continue to rise modestly. Zumper puts the median asking rent at $1,472, with one-bedrooms near $1,275 and two-bedrooms near $1,500. Saskatoon remains roughly 24% below the national median rent.
Supply: Apartment completions in early 2026 are tracking above 2025 levels. Vacancy is highest in newer buildings near post-secondary institutions, while older, family-sized units stay tighter.
Outlook: Demand is supported by population growth and job creation, but new completions are expected to keep vacancy slightly elevated through the year. Rent growth should continue at a slower, more sustainable pace.
CMHC data and local market updates put Saskatoon’s 2026 rental vacancy rate around 3.3%, up from about 2.0% in 2024. The increase reflects new purpose-built rental supply coming online.
Rent growth has slowed. Zumper reports a median asking rent of $1,472 as of mid-2026, up roughly 1% year over year. Rentals.ca shows an average asking rent near $1,428. Saskatoon remains one of the more affordable large Canadian cities.
New rental construction is outpacing demand in some segments, especially newer buildings and units near universities. Older, stabilized buildings and family-sized units continue to see tighter conditions.
Based on Zumper’s mid-2026 data, a one-bedroom apartment in Saskatoon rents for about $1,275 on average. A two-bedroom is near $1,500.
Saskatoon offers relatively affordable entry prices, stable rental demand, and economic support from mining, health care, and education. Cap rates and cash flow can be attractive, but success depends on neighbourhood selection and professional management.
Areas near the University of Saskatchewan, Stonebridge, Aspen Ridge, Evergreen, and Brighton tend to see strong rental demand. Family-friendly communities with schools and transit access also perform well.
Incentives are more common in newer buildings competing for tenants, such as move-in credits or reduced deposits. Older, well-located rentals typically do not need incentives to attract quality applicants.
We track CMHC’s Rental Market Survey, Zumper, Rentals.ca, the Saskatchewan REALTORS Association benchmark reports, and our own managed portfolio activity. This helps us give owners and investors current, local guidance.
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