By Sheldon Spackman

$1,249 per month

Upward trend continues for average rents in Red Deer

Nov 15, 2023 | 12:28 PM

Average rents in the city of Red Deer continued their upward trend in October.

According to the latest National Rent Report from rentals.ca, the average rent for a one-bedroom unit in Red Deer last month was $1,249 per month, up 3.1 per cent from September and a whopping 29 per cent from October 2022.

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

The average rent for a two-bedroom place in October, meanwhile, was $1,464 per month, up 4.4 per cent from September and 16.8 per cent from the same month last year.

Elsewhere in Alberta, Calgary placed 23^rd on the list with an average rent of $1,733 per month for a one-bedroom unit, and $2,155 per month for a two-bedroom place.

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Edmonton placed 30^th on the list with an average rent of $1,284 per month for a one-bedroom unit in October, and $1,596 per month for a two-bedroom.

Fort McMurray was 33^rd on the list with an average rent of $1,226 per month for a one-bedroom place in October, and $1,478 per month for a two-bedroom.

Vancouver, B.C., topped the list with an average rent of $2,872 per month for a one-bedroom unit in October, and $3,777 per month for a two-bedroom.

The national average was $1,889 per month for a one-bedroom unit in October, and $2,329 per month for a two-bedroom.

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