(Dreamstime)

By Sheldon Spackman

One bedroom: $1,256 per month

Red Deer rental rates continue to rise in May

Jun 16, 2023 | 1:15 PM

Red Deer placed 29^th last month on a list of 35 Canadian cities included in the latest Rental Report published by rentals.ca.

According to the latest update, the average rent for a one-bedroom unit in Red Deer in May was $1,256 per month, up from $1,151 per month in April. That’s also up 24.7 per cent from the same month last year.

A two-bedroom unit, meanwhile, rented for an average of $1,463 per month, up from $1,334 per month in April and up 25.8 per cent in April 2022.

Elsewhere on the list, Calgary placed 27^th, with an average rent of $1,632 per month for a one-bedroom unit and $2,019 per month for a two-bedroom residence.

Edmonton placed 31^st on the list, with an average rent of $1,176 per month for a one-bedroom unit and $1,500 per month for a two-bedroom place.

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Lethbridge was 32^nd on the list, with an average rent of $1,162 per month for a one-bedroom unit and $1,349 per month for a two-bedroom.

Grande Prairie placed 35^th on the list, with an average rent of $1,023 per month for a one-bedroom rental and $1,226 per month for a two-bedroom.

Vancouver topped the list with an average rent of $2,831 per month for a one-bedroom unit and $3,666 per month for a two-bedroom.