We have compiled a ranking of the most expensive cities in Canada to live with the highest rental prices for one and two bedroom apartments in July 2022. Vancouver is still the most expensive city to live in. Vancouver has the highest prices in Canada for renting one and two bedroom apartments. The average cost of renting a one-bedroom apartment in Vancouver is $2,240 per month. Rent has risen in price by 14.90% year on year. Toronto ranks second in the cost of renting an apartment among cities in Canada. The median rental price for a one-bedroom apartment in Toronto is $2,000 as of July 2022.