Red Deer average asking rent climbs to $1,614 in September

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In addition, for a two-bedroom unit, it costs an average of $1,503 per month in September compared to $1,515 per month in August. This marked a 0.8 per cent decrease month over month and a 2.0 per cent increase year over year. In July, it cost $1,509 per month for a two-bedroom unit.

National Rent Report

Red Deer average asking rent climbs to $1,614 in September

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Red Deer was also among the top seven with the lowest average asking rent for purpose-built and condo rental apartments in September. Fort McMurray led the way at $1,258 per month, followed by Medicine Hat at $1,339, Lloydminster at $1,379, Saskatoon at $1,397, Regina at $1,400, Grande Prairie at $1,421 and Red Deer at $1,473.

Provincially, Alberta had the third-cheapest rent among Canadian provinces at $1,780 per month for all property types. Alberta saw a 2.6 per cent drop in rent year over year. Only Manitoba ($1,649) and Saskatchewan ($1,490) were cheaper per month.

In Canada, the average asking rent for all residential properties in Canada was $2,034 in September, down 4.2 per cent year-over-year, marking the 24th consecutive month of annual rent decreases.

The full report is available on the rentals.ca website.