(Dreamstime)

By Sheldon Spackman

$1,212 per month for a one-bedroom

Red Deer rental rates rise in September and year over year

Oct 19, 2023 | 2:04 PM

Average rents in the city of Red Deer continue to rise.

According to the latest National Rent Report from rentals.ca, the average rent for a one-bedroom unit in Red Deer in September was $1,212 per month, up 4.8 per cent from August, and 26.8 per cent from the same month last year.

The average rent for a two-bedroom unit was $1,402 per month, up 4.2 per cent from August, and 16.1 per cent from September 2022.

That puts Red Deer at 32^nd on the list of 35 Canadian cities included in the report.

Elsewhere, Calgary placed 23^rd on the list, with an average rent of $1,730 per month for a one-bedroom unit, and $2,182 per month for a two-bedroom place.

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Edmonton placed 29^th on the list, with an average rent of $1,279 per month for a one-bedroom unit, and $1,580 per month for a two-bedroom.

Fort McMurray was $1,208 per month for a one-bedroom unit in September, while a two-bedroom unit rented for an average of $1,520 per month.

Nation-wide, the average rent for a one-bedroom unit in Canada last month was $1,889, while a two-bedroom was $2,342 per month.

Vancouver, B.C., topped the list with an average rent of $2,976 per month for a one-bedroom unit, while two-bedrooms rented for an average of $3,908.

Saskatoon, SK, was 35^th on the list, with an average rent of $1,070 per month for a one-bedroom unit, and $1,244 per month for a two-bedroom place.