New to Regina?
Looking to downsize?
Searching for cheaper alternatives to buying?
It doesn’t matter what your current housing situation is or what you’re looking for (i.e., pet-friendly apartments, two or three bedroom apartments), you won’t find a much better living option than one of the many available apartments for rent in Regina.
Reasons Why Renting an Apartment is Right for You
Most of Canada’s largest metropolitan areas – including Regina – are experiencing a renter’s market. A construction boom over the past several years has led to an oversupply of available apartments. In fact, the Canada Mortgage and Housing Corporation found 5.5 percent of rental properties were vacant in 2016.
This means there is a variety of available and affordable properties on the market right now. For instance, there are options if you’re looking for a two-bedroom apartment for rent in Regina’s city centre. Or maybe you really have your heart set on a three-bedroom apartment for rent in Regina’s outskirts. There are available apartments for rent in Regina that will fit every lifestyle and budget.
Here are five reasons you should consider renting an apartment when looking for your next home.
1. Renting an Apartment is Cost Effective
Not only is renting an apartment in Regina extremely affordable for the unit itself, it’s also the most cost-effective option when considering your total monthly household expenses. In most cases, heat and water are included in your monthly rent. So, if you consider the monthly rent for 3 bedroom apartments in Regina averages just over $1,300 – including some utilities – you’re getting a tremendous value on your rental property. This will leave you with more money in your pocket each month to enjoy the best restaurants, nightlife, and activities that Regina has to offer.
2. Apartments for Rent in Regina Come in All Shapes and Sizes
It doesn’t matter if you’re a single tenant or married with children, you’ll find able to find an apartment that’s perfect for your needs. If it’s just you, there are a number of bachelor suites or one bedroom units on the market. And if you have a roommate or a family, consider one of the many two or three-bedroom apartments for rent across Regina.
It’s important to note that many of the apartments you’ll find for rent in Regina are older buildings, but there are a handful of newer options that have popped up in many neighbourhoods around the city. However, some of these newer units may be listed as condos for rent – which means they are being offered by a private owner and not a company that manages the whole building.
3. Renting an Apartment Means Hassle Free Living
Ok, nothing is really hassle free. But apartment life is as close as you can get. You don’t have to worry about any yard work or shoveling snow in the winter. If something breaks inside your unit, all you have to do is call maintenance and have it fixed or replaced. This will save you time and money on costly repairs and issues that you would be responsible for if you owned a home or condo.
4. Apartments for Rent in Regina May Include Amenities
While it’s true you won’t have your own yard in which to relax or play with your children, most apartment complexes will include some amenities and public areas that you and your family can use. This may include laundry facilities, workout areas, pools, and pet areas (if you find a pet-friendly apartment for rent). Just keep in mind you’ll generally have more amenities in newer complexes compared to what you’ll find in older buildings.
5. Renting an Apartment Puts You in the Best Neighbourhoods
Suppose you want to live in one of Saskatchewan’s wealthiest areas, but you don’t have $881,000 for an average house in the Arcola East neighbourhood of Regina. Renting an apartment will allow you live in these desirable locations for a fraction of the cost. Sure, you’ll spend more on your apartment rent in popular neighbourhoods compared to less desirable areas, but it’s still a drop in the bucket compared to what it costs to buy property in that location.
The same goes for areas near the city centre. If you’re looking for a place near the hustle and bustle of downtown Regina, your most affordable bet is to consider an apartment.
You May Need Help Securing the Best Apartments to Rent in Regina
If there’s one big drawback to renting an apartment in Regina, it’s that tenants tend to stay in their units for a long time. This doesn’t mean you won’t be able to find an apartment, but it could be difficult to do by yourself. When the top units become available, you need to act quickly – these apartments don’t stay on the market for long.
The best method for securing one of these popular apartments is by working with management companies, like Oz Property Management. These companies are constantly in contact with property managers so they know when the best units will be coming on the market.
Ready to start your apartment search in Regina? Then our property experts are ready to speak with you! View our available apartments for rent online, or call us at 306-551-2940 and let us find the apartment home of your dreams.
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