Charlottetown Rent Prices — Updated for May 2026
Report for May 2026 · Updated monthly by Door Insight
The median rent for a two-bedroom unit in Charlottetown is $1,900 per month as of May 2026. One-bedroom units are asking $1,289, two-bedrooms $1,900, and three-bedrooms $1,400. Asking rents have climbed 10.5% compared to the same period last year.
Charlottetown Rent Trends — Historical Chart
Charlottetown Rental Market Summary — May 2026
The median asking rent for a two-bedroom unit in Charlottetown is $1,900 per month as of May 2026. Month-over-month, two-bedroom rents rose 3%. One-bedroom units are listing at a median of $1,289, while three-bedroom units sit at $1,400. The three-bedroom segment is moving fastest year-over-year at -41%.
Year-over-year, Charlottetown's two-bedroom median asking rent has increased 10.5%. One-bedroom rents moved +16.8% over the same period. Three-bedroom rents shifted -41% year-over-year. These figures reflect asking rents from active listings analysed by Door Insight.
By Property Type
Condo two-bedroom units in Charlottetown have a median asking rent of $2,200 (+41.9% YoY). House two-bedroom units in Charlottetown have a median asking rent of $1,695 (-8.5% YoY).
Property managers in Charlottetown should consider current market trajectory when setting rental rates. The data on this page provides a baseline for pricing decisions across Charlottetown's rental market. For property-specific estimates, Door Insight's Rent Estimator provides address-level analysis.
Average Rent in Charlottetown by Bedroom Count
The table below shows median and average asking rents in Charlottetown, Prince Edward Island as of May 2026.
| Bedrooms | Median Rent | Average Rent | Month-over-Month | Year-over-Year |
|---|---|---|---|---|
| 1 Bedroom | $1,289 | $1,440 | ↑ 17.2% | ↑ 16.8% |
| 2 Bedroom | $1,900 | $1,956 | ↑ 3% | ↑ 10.5% |
| 3 Bedroom | $1,400 | $1,400 | ↑ 73.9% | ↓ 41% |
Among the bedroom types tracked in Charlottetown, 1 Bedroom units are showing the strongest year-over-year movement. Property managers pricing 1 bedroom units may have additional room to adjust asking rents, while slower-moving segments may warrant more competitive positioning to minimise vacancy.
Charlottetown Rent by Property Type
Rental rates in Charlottetown differ by property type. The table below breaks down median two-bedroom rents as of May 2026.
| Property Type | Median Rent (2BR) | Month-over-Month | Year-over-Year |
|---|---|---|---|
| All Types | $1,900 | ↑ 3% | ↑ 10.5% |
| Condo | $2,200 | ↑ 16.1% | ↑ 41.9% |
| House | $1,695 | ↑ 5.9% | ↓ 8.5% |
Among property types, Condo rents are growing the fastest year-over-year, while House rents are growing the slowest.
Condo Rent in Charlottetown
| Bedrooms | Median Rent | Average Rent | YoY Change | MoM Change |
|---|---|---|---|---|
| 1 Bedroom | $1,289 | $1,371 | ↓ 14.1% | ↑ 17.2% |
| 2 Bedroom | $2,200 | $2,060 | ↑ 41.9% | ↑ 16.1% |
| 3 Bedroom | $1,900 | $1,900 | ↓ 21.5% | ↑ 136% |
House Rent in Charlottetown
| Bedrooms | Median Rent | Average Rent | YoY Change | MoM Change |
|---|---|---|---|---|
| 1 Bedroom | $1,850 | $1,850 | ↑ 152% | ↑ 132.7% |
| 2 Bedroom | $1,695 | $1,695 | ↓ 8.5% | ↑ 5.9% |
| 3 Bedroom | $900 | $900 | ↓ 62.1% | ↑ 20% |
Is Charlottetown Rent Going Up or Down?
Charlottetown rents are rising. The current median two-bedroom asking rent is $1,900 per month. Year-over-year, two-bedroom rents have increased 10.5%. Month-over-month, the change is +3%.
The upward trajectory in Charlottetown suggests ongoing demand pressure. Property managers may have room to adjust asking rents upward, though competitive pricing remains important for faster lease-up.
What This Means for Property Managers in Charlottetown
Pricing Guidance
Based on current data, the median two-bedroom asking rent in Charlottetown is $1,900 per month. One-bedroom units are asking $1,289, and three-bedroom units list at $1,400. With two-bedroom rents up 10.5% year-over-year, the data suggests pricing power remains with landlords. When pricing by property type: condo units have a median two-bedroom rent of $2,200; house units have a median two-bedroom rent of $1,695; Property managers should benchmark their asking rents against these figures and adjust based on unit condition, location, and amenities.
Lease Renewal Strategy
With year-over-year rental growth of 10.5%, property managers in Charlottetown have data-backed justification for moderate rent increases on renewals. Retaining quality tenants at a slightly below-market increase can reduce turnover costs while still capturing upside.
Market Outlook
Based on current trends, Charlottetown's rental market is on an upward trajectory. The most recent month-over-month movement of +3% provides a near-term signal for pricing direction. This is data-informed analysis based on listing trends and should not be treated as a guarantee of future market conditions. Property managers may want to monitor Door Insight's monthly updates for the latest figures.
About This Report
Data Sources
This Charlottetown rental market report is based on active and recently listed rental units analysed across major Canadian listing platforms during May 2026. Data is aggregated from listings across Canada and refreshed monthly.
Methodology
Both median and average rents are provided for each bedroom count. The median is used as the primary measure because it is less affected by extreme values at either end of the price range. All figures reflect asking rents (listed prices), which may differ from final lease prices negotiated between landlord and tenant.
Data Confidence
Neighbourhoods and property types with smaller sample sizes may be less representative of actual market conditions. Where sample sizes are shown, they can be used to gauge the reliability of that data point.
Update Schedule
This report is updated monthly. The next update is expected in July 2026.
Frequently Asked Questions About Renting in Charlottetown
- What is the average rent in Charlottetown?
- The median rent for a two-bedroom unit in Charlottetown is $1,900 per month. The average rent for a two-bedroom is $1,956 per month. One-bedroom units have a median asking rent of $1,289. Three-bedroom units have a median asking rent of $1,400. These figures are based on current listing data analysed by Door Insight.
- How much should I charge for a 2-bedroom rental in Charlottetown?
- The median two-bedroom rental rate in Charlottetown is $1,900 per month across all property types. By type: Condo at $2,200, House at $1,695. For a property-specific estimate based on exact address, unit size, and features, use Door Insight's Rent Estimator tool.
- Is rent going up or down in Charlottetown?
- Charlottetown rents are rising. The median two-bedroom asking rent has changed 10.5% year-over-year. Month-over-month, two-bedroom rents moved 3%. This data reflects current listing prices analysed by Door Insight.
- What is the vacancy rate in Charlottetown?
- Vacancy rate data for Charlottetown is updated periodically on Door Insight. Check back for the latest figures on rental vacancy in the Charlottetown market.
- Which Charlottetown neighbourhood has the highest rent?
- Neighbourhood-level rent data for Charlottetown is available through Door Insight's Market Rent Pro platform. Premium neighbourhoods typically command the highest asking rents in the city.
- Which Charlottetown neighbourhood has the lowest rent?
- For a detailed neighbourhood breakdown of Charlottetown rental rates, including the most affordable areas, explore Door Insight's neighbourhood data tools.
- How do Charlottetown rents compare to other Prince Edward Island cities?
- Charlottetown two-bedroom median rents have increased 10.5% year-over-year. For direct comparisons to other Prince Edward Island cities, see the city comparison section on this page or explore individual city reports on Door Insight.
Get a Rent Estimate for Your Property
The city-level data on this page provides a market overview for Charlottetown. For a property-specific estimate based on exact address, unit size, and features, try Door Insight's Rent Estimator.
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