Is Rent Decreasing in Winnipeg?

Winnipeg rents have been roughly flat to slightly down year-over-year in recent readings, though no separate Winnipeg all-types asking-rent tracker exists to measure this precisely month to month. What's verifiable: CMHC's October 2025 Rental Market Survey put Winnipeg's average rent across all apartment types at $1,404/month, with a 2.8% vacancy rate. Nationally, the average asking rent tracked by Rentals.ca and Urbanation fell for 23 consecutive months through mid-2026, down 4.0% year-over-year as of that report -- a broader Canadian trend Winnipeg has generally moved with, without the sharper declines seen in cities like Calgary or Edmonton.

Manitoba's 2026 rent-increase guideline is 1.8% (and 3.0% for 2027, effective January 1, 2027), set by the province and enforced by the Residential Tenancies Branch (RTB). Most existing tenancies can't be raised above that amount without the RTB approving an above-guideline increase application, which requires justification such as a documented rise in operating costs. That guideline caps how fast in-place rents can climb for continuing tenants, even in a market where new-listing rents might otherwise run higher.

The Rentals.ca and Urbanation National Rent Report, the most commonly cited monthly asking-rent tracker in Canada, does not break out a separate Winnipeg all-types city average in its published editions. That means the most current verifiable citywide rent figure for Winnipeg is CMHC's October 2025 survey rather than a monthly-updated asking-rent index. This page will be updated if a reliable Winnipeg-specific monthly trend figure becomes available.