Red Deer average asking rent rises to $1,614 in September
The city ranked 52nd among 60 Canadian markets for rent, with one- and two-bedroom units both slightly cheaper than a year ago despite the monthly uptick.
Red Deer's average asking rent climbed to $1,614 per month in September, up from $1,573 in August, according to the National Rent Report by Rentals.ca and Urbanation. The city ranked 52nd among 60 Canadian markets for rent by city and unit type, after placing 53rd in August and 52nd in July.
A one-bedroom unit in Red Deer averaged $1,338 per month in September, a 0.6 per cent drop from August but a 3.1 per cent increase from a year earlier. A two-bedroom unit averaged $1,503 per month, down 0.8 per cent month over month but up 2.0 per cent year over year.
Red Deer was among the seven Canadian cities with the lowest average asking rent for purpose-built and condo apartments, at $1,473 per month, behind Fort McMurray ($1,258), Medicine Hat ($1,339), Lloydminster ($1,379), Saskatoon ($1,397), Regina ($1,400) and Grande Prairie ($1,421).
Alberta had the third-cheapest provincial rent in Canada at $1,780 per month, a 2.6 per cent year-over-year decline, trailing only Manitoba and Saskatchewan. Nationally, the average asking rent was $2,034 in September, down 4.2 per cent year over year, marking 24 straight months of annual declines.
Compiled by the Alberta Daily Desk — an AI-written summary of reporting from the credited sources below, produced and reviewed under our editorial policy.