Open ProvincesCharlottetown, Prince Edward Island: rent and cost facts
Average rents from CMHC's rental market data for Charlottetown, with the provincial minimum wage and local housing indicators where Statistics Canada publishes them.
Average rent (CMHC, 2025)
| Type of unit | Average rent per month |
|---|---|
| Studio | $984 |
| 1 bedroom | $1,066 |
| 2 bedrooms | $1,354 |
| 3 bedrooms or more | $1,548 |
What the rent means in hours of work
A 1-bedroom at the average rent takes about 62 hours of work a month at the Prince Edward Island minimum wage ($17.30/hour), or 35% of a month of full-time work (40 hours a week).
Local housing and fuel figures
| New housing price index (December 2016 = 100, 2026-09) | 123.7 A year earlier : 123.7 |
|---|---|
| Regular gasoline (2026-09) | 206.7 ¢/L A year earlier : 152.8 ¢/L |
Rents are averages for existing units in purpose-built rental buildings and are not what a new listing will ask. Hours of work are an illustration, not a budget.
More for Prince Edward Island
- Prince Edward Island provincial page
- Compare two cities
- Rent or buy calculator
- Land transfer tax calculator
Sources
- CMHC / Statistics Canada: Statistics Canada, Table 34-10-0133-01 (CMHC, average rents for areas with a population of 10,000 and over) ↗
- Statistics Canada, Tables 34-10-0158-01 (CMHC housing starts, seasonally adjusted at annual rates) and 18-10-0205-01 (new housing price index, total house and land, 201612=100) ↗