Home / Living / Why a 2-Bedroom Apartment is a Smart Choice for Newcomers
Why a 2-Bedroom Apartment is a Smart Choice for Newcomers
Written By
Steve Tustin
•
Dec 9, 2024
•
Housing
For many reasons, a 2-bedroom apartment is often the smart accommodation choice for newcomers to Canada and international students. The primary advantage is having a roommate to share the costs and make the rent price affordable. Discover what you can expect to pay for 2-bedroom rentals across Canada and the added benefits.
How Much are 2-Bedroom Apartments in Canada?
According to Rentals.ca, the asking price for a 2-bedroom apartment in Toronto in October 2024 is $3,091 per month (a one-bedroom is $2,380), down 9.7 percent from October 2023.
For newcomers looking for something more affordable in Ontario, a two-bedroom in Hamilton rents for $2,102, and in Windsor, Ontarioat $1,786 per month.
Go further west in Canada, and a two-bedroom in Edmonton, Alberta, costs an even more affordable $1,703, according to Rentals.ca.
On Canada’s east coast, the asking price for a 2-bedroom apartment in Halifax in October was $2,487.
Vancouver, Toronto, and Burnaby were the most expensive cities in Canada to rent a two-bedroom apartment in October 2024. In all three cities, the average two-bedroom rent exceeded $3000; in Vancouver, it was $3,430 monthly.
The most affordable 2-bedroom apartments in Canada are in Fort McMurray, Saskatoon and Regina. All are under $1,500.
Still, rent prices in Canada are falling, with experts predicting it’s becoming a renters market. In October, the rental market nationally saw the first decline in annual rents since July 2021. The average cost of rent is down $50 a month from a record high in June 2024.
[cjtoolbox name=’Renting Webinar’]
A 2-bedroom apartment in Vancouver rents for almost $3,500 a month.
Why Are Two-bedroom Units Popular?
Two-bedroom units appeal to younger Millennials, GenZ renters, and immigrants arriving with families, so it’s no wonder they have the highest rent demand in urban areas. Deciding how many bedrooms you need for you and your family depends on your needs, finances, and how you budget for affordable living.
In addition to more living (and closet) space, a two-bedroom gives you more design options for furniture and the freedom to customize your living space.
Distribution of housing by type across Canada.
Why Do People Prefer a 2-Bedroom Apartment?
Sharing a two-bedroom apartment means sharing utility and other costs with a roommate to reduce housing expenses, and to make the rent affordable. If your rental costs are lower, you can live closer to work or school and avoid transportation costs.
Renting a 2-bedroom apartment can be a long-term strategy
Also, a 2-bedroom apartment can give you:
A work-from-home office
Extra space for visiting family and friends
A guest bedroom
A larger balcony, handy in the summer.
A larger apartment is a smart living choice for starting a family in Canada. Also, if you plan, like many newcomers to Canada, to buy a home within three to five years after arriving, a two-bedroom allows you to remain in one spot until you do. In other words, there are no moving or relocation costs or hassles.
Four Common Floor Plans for 2-bedroom Apartments
1. Small 2-Bedroom Apartment
The smallest floor plan usually has two bedrooms and one full bathroom with access to the bathroom from a hallway outside of either bedroom. This allows people to access the bathroom without entering a bedroom and is the perfect layout for two roommates. In addition, the two bedrooms are (almost) equal in size. Be sure to check out the amount of storage.
2-bedroom apartments usually feature two bathrooms.
2. Medium-sized Apartment
The medium-sized 2-bedroom apartment may have 1.5 bathrooms on one or two floors. The two-story layout often has a living room, kitchen, half bathroom downstairs, two bedrooms, and a separate full bathroom upstairs. A one-story layout may have a half bath near the living room and kitchen and a full bath near the bedrooms. An extra half bathroom is helpful for newcomers with families or for guests.
3. Large Apartment
A large 2-bedroom apartment plan features two bathrooms, usually in many condo rentals. The main bedroom has an attached full bathroom in this layout, while the second bedroom does not. The second full bathroom is usually off a hallway, allowing guests to use it without entering the bedroom.
4. Deluxe 2-Bedroom Apartment
The 2-bedroom deluxe layout, common to condo rentals, may have 2.5 bathrooms. It usually includes walk-in closets for the main bedroom. It may include fixture upgrades and a larger kitchen and dining area.
A 2-bedroom apartment offers newcomer renters the chance to balance affordability, maximize smart living space, and maintain flexibility while doing longer-term life planning, such as buying a home.
*Rent prices were accurate when this article was published but may change over time.
WRITTEN BY
Steve Tustin
Senior Editor, Prepare for Canada
Steve Tustin is the Editor for Rentals for Newcomers and a contributing editor for Prepare for Canada. He is also the former managing editor of Storeys.com and a former senior editor at the Globe and Mail and the Toronto Star.
We use cookies to enhance your experience, analyze site traffic, and support marketing. Some are essential, while others are optional. By clicking "Allow All," you consent to all cookies. You can "Disable All" or adjust your choices in "Cookie Settings." Update preferences anytime in our Privacy Policy.
We and our partners use information collected through cookies and similar technologies to improve your experience on our site, analyse how you use it and for marketing purposes. Because we respect your right to privacy, you can choose not to allow some types of cookies. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. In some cases, data obtained from cookies is shared with third parties for analytics or marketing reasons. You can exercise your right to opt-out of that sharing at any time by disabling cookies.
These cookies and scripts are necessary for the website to function and cannot be switched off. They are usually only set in response to actions made by you which amount to a request for services, suchas setting your privacy preferences, logging in or filling in forms. You can set your browser to block oralert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.
Analytics
These cookies and scripts allow us to count visits and traffic sources, so we can measure and improve the performance of our site. They help us know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies and scripts, we will not know when you have visited our site.
Embedded Videos
These cookies and scripts may be set through our site by external video hosting services likeYouTube or Vimeo. They may be used to deliver video content on our website. It’s possible for the video provider to build a profile of your interests and show you relevant adverts on this or other websites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies or scripts it is possible that embedded video will not function as expected.
Google Fonts
Google Fonts is a font embedding service library. Google Fonts are stored on Google's CDN. The Google Fonts API is designed to limit the collection, storage, and use of end-user data to only what is needed to serve fonts efficiently. Use of Google Fonts API is unauthenticated. No cookies are sent by website visitors to the Google Fonts API. Requests to the Google Fonts API are made to resource-specific domains, such as fonts.googleapis.com or fonts.gstatic.com. This means your font requests are separate from and don't contain any credentials you send to google.com while using other Google services that are authenticated, such as Gmail.
Marketing
These cookies and scripts may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies and scripts, you will experience less targeted advertising.
Facebook Advanced Matching
Facebook Advanced Matching can improve ads attribution and conversion tracking. It can help us reach better-targeted custom audiences through our ads. When possible, we will share with Facebook hashed information like your name, phone, email, or address.
Facebook CAPI
Facebook Conversion API Events (CAPI) help us better understand how you interact with our websites. They allow us to measure the impact of our ads on the website's conversions and they improve ads targeting through custom audiences. When possible, we might share with Facebook information like name, email, phone, address.