By rdnewsNOW staff

costing you more than 2024

Red Deer’s rent up year-over-year while most of Canada drops

Sep 8, 2025 | 1:16 PM

Red Deer’s average rent was down two per cent month-to-month in August.

But it’s still up 2.8 per cent from August of last year, according to the latest National Rent Report from rentals.ca.

In fact, Red Deer is part of the just one-quarter of municipalities which saw an increase.

The list, which ranks 60 municipalities across Canada, has Red Deer at 54th, with $1,295 dollars/ month the average going rate for a one-bedroom apartment.

To the dollar, that’s even with Lethbridge, though the province’s fourth-largest city has had a drop of 8.7 per cent over the last year.

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Fort McMurray is at $1,220 (down 2.7 per cent year-over-year), Medicine Hat sits at $1,202 (down 2.7 per cent year-over year), and Lloydminster is at $1,035 (up 0.1 per cent over the year).

Meantime, Edmonton is 51st at $1,391 (down 1.5 per cent year-over-year), and Calgary is 41st at $1,692 (down 5.8 per cent year-over-year).

The #1 spot belongs to North Vancouver at a whopping $2,621 for a one-bedroom place.

The #60 spot is owned by St. John’s at $1,014, up 5.9 per cent.

On the two-bedroom side of things, Red Deer sits at $1,495/month, down 1.5 per cent month-to-month, and up 0.4 per cent year-over-year.

The full report can be read here.