Red Deer rentals continue upward trend

Apr 19, 2023 | 10:54 AM

Average rents continue to rise in Red Deer.

According to the latest Rental Report from rentals.ca, the average rent for a one-bedroom unit in Red Deer last month was $1,193 per month, up 2.7 per cent from February and 29 per cent from March 2022, placing Red Deer in 30^th on the list of 35 Canadian cities included in the report.

Meanwhile, the average rent for a two-bedroom unit in Red Deer in March was $1,349 per month, up 4.9 per cent from February and 16.1 per cent from March of last year.

Elsewhere throughout Alberta, Calgary placed 26^th on the list with an average rent of $1,573 per month for a one-bedroom unit, and $1,932 per month for a two-bedroom.

Lethbridge placed 29^th on the list with an average rent of $1,210 per month for a one-bedroom unit, and $1,377 per month for a two-bedroom place.

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Edmonton, meantime, saw lower average rents than Lethbridge and Red Deer last month, at least for one-bedroom units. According to the latest Rental Report, the average rent for a one-bedroom unit in Edmonton in March was $1,129 per month, while the average rent for a two-bedroom was $1,445 per month, placing the Alberta capital at 31^st on the list.

Grande Prairie was 34^th on the list, with an average rent of $1,015 per month for a one-bedroom unit and $1,193 per month for a two-bedroom place.

Lloydminster, AB, rounded out the list at 35th, reporting an average rent of $820 per month for a one-bedroom unit and $925 per month for a two-bedroom.

Vancouver topped the list, with an average rent of $2,743 per month for a one-bedroom unit and $3,653 for a two bedroom rental.

by Sheldon Spackman

Red Deer rentals continue upward trend

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