Rental Market Trends in Alberta
C$1,402/month
Average Rent
+5.2%
Increase in the Last Year
+C$70
Average Price Increase
Ranked 7th
Least Expensive Rent by Province
4,900
Available Rentals
Peace River, AB
City with the Lowest Rent
What is the average rent in Alberta?
As of November 2024, the average rent in Alberta is C$1,402/month. When you rent an apartment in Alberta, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about C$1,151 per month for a studio, C$1,402 for a one-bedroom apartment, and around C$1,656 for a two-bedroom apartment in Alberta. If you opt for a three-bedroom rental, you could pay C$1,849 or more.
Rent by City
What are the most affordable cities in Alberta?
Based on current rent prices, the cheapest cities in Alberta to live are Peace River, Barrhead and Slave Lake.
Nearby Province Markets
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.