Open ProvincesYellowknife, Northwest Territories: rent and cost facts
Average rents from CMHC's rental market data for Yellowknife, 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 | $1,606 |
| 1 bedroom | $1,757 |
| 2 bedrooms | $2,109 |
| 3 bedrooms or more | $2,449 |
What the rent means in hours of work
A 1-bedroom at the average rent takes about 102 hours of work a month at the Northwest Territories minimum wage ($17.20/hour), or 59% of a month of full-time work (40 hours a week).
Local housing and fuel figures
| Regular gasoline (2026-09) | 181.3 ¢/L A year earlier : 145.9 ¢/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 Northwest Territories
- Northwest Territories provincial page
- Compare two cities
- Rent or buy calculator
- Land transfer tax calculator