Having lived in Winnipeg my entire life, I have experienced both the pros and cons of living in this city.
However, one of the greatest benefits of living here is the affordability of housing. Over the years, I have resided in two neighborhoods — the first being my childhood home, and the second being closer to my workplace.
As someone who recently embarked on a search for a new apartment, I discovered that Winnipeg offers both expensive and more affordable housing options.
In this article, I will be sharing the top neighborhoods in Winnipeg that provide the most affordable housing opportunities.
Regardless of whether you are a large family, a solo tenant like myself, or moving in with your significant other, there are plenty of options available to suit your needs and budget.
Below, we listed the average home price and average rent price in the most affordable neighborhoods in Winnipeg.
|Neighborhood||Population||Average Price of a Home||Average Rent||Average Price per sqft|
|Lord Selkirk Park||1,809||$180,600||$989||$115|
|North Point Douglas||2,641||$186,700||$1,019||$77|
From cozy and quaint to bustling and lively, there’s an affordable neighborhood for everyone. So, let’s dive in and discover the most affordable neighborhoods in Winnipeg!
1. Dufferin Industrial
|Average Price of a Home||$143,500|
|Average Price per sqft||$126|
Number one on our list is Dufferin Industrial. As a local, I can tell you that Dufferin Industrial is hands down one of the most affordable neighborhoods in Winnipeg due to its predominantly industrial nature.
Basically, you’ll find more warehouses, factories, and commercial properties than residential developments.
That’s actually a good thing because it keeps the cost of living low as there’s less competition for housing.
However, there aren’t as many amenities and services in the area, which might not be for everyone, but it’s perfect for those who want to save some cash.
Nevertheless, Dufferin Industrial is still a popular choice for those looking for affordable housing options in Winnipeg.
2. William Whyte
|Average Price of a Home||$175,100|
|Average Price per sqft||$132|
William Whyte has historically been working-class, and as such, many affordable housing options are available, including rental and homeownership opportunities.
Also, the area is home to several discount stores and markets, which offer residents access to affordable groceries and other goods.
While William Whyte may not be the most luxurious or upscale neighborhood in Winnipeg, its low cost of housing makes it an attractive option for those looking to save money or live on a budget.
Overall, considering its affordability and convenience, William Whyte is an excellent choice for those looking to settle down in Winnipeg without spending too much on housing.
3. Lord Selkirk Park
|Average Price of a Home||$180,600|
|Average Price per sqft||$115|
Lord Selkirk Park has gained a reputation as an affordable neighborhood for those looking for comfortable and cost-effective living due to its history and purpose.
The park was originally created in the 1940s as a social housing project aimed at providing affordable and safe homes for low-income families.
Over the years, the park has continued to provide inexpensive property options for families in need. And, it still remains today an essential resource for those seeking affordable shelters in Winnipeg.
The park offers a range of housing options, from townhouses to residential buildings, and is managed by the Manitoba Housing Authority, which works to ensure that the park remains accessible and reasonably priced for residents.
4. North Point Douglas
|Average Price of a Home||$186,700|
|Average Price per sqft||$77|
North Point Douglas allows residents to live in a charming and historic neighborhood without breaking the bank.
And there are a few factors that contribute to this. First, the area has always been home to working-class and immigrant people, who have relied on affordable housing options.
Second, North Point Douglas is located in an older part of the city, meaning many of the homes and buildings have already been built for several decades.
While this means that the area may require some upkeep and renovation, it also means that the cost of living can be more affordable compared to newer, more upscale neighborhoods.
That’s why the area now boasts a variety of low-cost housing options, from cozy bungalows to spacious townhomes.
Third, the area has seen some economic challenges in recent years, which has also contributed to the availability of affordable housing.
In a nutshell, despite its central location, North Point Douglas remains relatively historical, allowing residents to enjoy the benefits of urban living without the high price tag, especially with houses built in the 1800s.
|Average Price of a Home||$210,612|
|Average Price per sqft||$172|
Weston is famously known for its affordability, and there are several reasons why.
Firstly, the neighborhood has a lower median household income (around $20,000) than the city average (around $45,000), which translates to lower housing costs.
Secondly, the area itself is surrounded by industrial buildings and warehouses. So, convenience is not particularly Weston’s cup of tea.
Many people who live in the area work in the factories nearby, so they want to live close to where they work. This makes affordable housing in Weston very attractive to people who work in the industrial sector.
6. Portage – Ellice
|Average Price of a Home||$236,500|
|Average Price per sqft||N/A|
Despite being close to Downtown Winnipeg, Portage-Ellice is also considered one of the most affordable neighborhoods.
One of the primary reasons for this is that the neighborhood has a large concentration of older buildings, many of which were constructed in the early to the mid-20th century.
Another reason is that the area is primarily commercial but lacks convenience. Most buildings are now for lease, resulting in fewer businesses inside the neighborhood.
This just means that there are lower land prices and more affordable housing. Ultimately, this makes Portage-Ellice a popular choice for renters on a budget.
As a result, the housing options in the area are mostly apartment buildings that offer a range of prices accessible to many. The neighborhood is also beside the University of Winnipeg, so most tenants are students.
And its central location means that residents have easy access to all the amenities Winnipeg offers without paying a premium for the privilege.
|Average Price of a Home||$300,734|
|Average Price per sqft||$81|
Centennial is another affordable neighborhood in Winnipeg for different reasons.
Firstly, the neighborhood is known to be a low-income neighborhood. It was designed to provide affordable housing for low-income families and individuals, and the rental rates have remained relatively low over the years.
And just like Portage-Ellice, the area also boasts older buildings and homes built decades ago for blue-collar workers, which are often more affordable today.
This makes it a desirable option for people looking to purchase a home or rent an apartment without pouring out their life savings.
Additionally, the neighborhood has seen some disinvestment in recent years, which has resulted in lower property values and more affordable homes for sale or rent.
Overall, the combination of historical factors and economic conditions have all contributed to making Centennial an affordable neighborhood for many Winnipeg residents.
8. Central Park
|Average Price of a Home||$302,700|
|Average Price per sqft||N/A|
Central Park is widely acknowledged as an ideal location for individuals seeking an affordable lifestyle, and its housing is also reasonably priced.
With many properties in the area priced lower than in other parts of the city, Central Park is famous for immigrants who want to start small in Winnipeg.
One of the main reasons is that the neighborhood has more apartment complexes than detached houses, which is why it offers cheap housing.
Also, while convenient, the neighborhood’s location is less desirable than some of the more upscale areas in the city, which also contributes to the lower housing prices.
But with its mix of affordability and convenience, Central Park has become a popular choice for those looking for a place to call home in Winnipeg.